Morningstar (MORN) Tax Provisions (2009 - 2026)
Morningstar (MORN) posted Tax Provisions of $38.3 million for Q2 2026, up 45.6% from $26.3 million a year earlier and up 10.7% from the prior quarter.
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Analysis
Morningstar (MORN) Tax Provisions (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Provisions at Morningstar was $140.7 million, up 20.1% year-over-year; for FY2025, it was $121.5 million, up 16.8% from FY2024.
- Annual Tax Provisions shows a five-year compound annual growth rate of 15.3% (FY2020 to FY2025).
- In prior years, Morningstar's Tax Provisions was $104 million in FY2024 (+215.2%), $33 million in FY2023 (-41.6%), $56.5 million in FY2022 (-9.7%) and $62.6 million in FY2021 (+4.9%).
- The Q2 2026 figure stands as the highest quarterly Tax Provisions in data going back to Q2 2009.
- On a year-over-year basis, Tax Provisions has increased in each of the last eight quarters, with growth averaging 46.1% over the last eight quarters.
- The strongest year-over-year quarter for Tax Provisions in the past five years was Q3 2023, with growth of 209.3%; the weakest was Q3 2022, with a decline of 66.5%.
- According to Business Quant data, Tax Provisions for the three prior quarters was $34.6 million (Q1 2026), $36.4 million (Q4 2025) and $31.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 406.00 Mn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 292.00 Mn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 75.30 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 74.80 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 71.80 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 54.80 Mn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 27.40 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 38.30 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 1.10 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 285.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.30 Mn |
| Mar 31, 2026 | 34.60 Mn |
| Dec 31, 2025 | 36.40 Mn |
| Sep 30, 2025 | 31.40 Mn |
| Jun 30, 2025 | 26.30 Mn |
| Mar 31, 2025 | 27.40 Mn |
| Dec 31, 2024 | 33.90 Mn |
| Sep 30, 2024 | 29.60 Mn |
| Jun 30, 2024 | 19.20 Mn |
| Mar 31, 2024 | 21.30 Mn |
| Dec 31, 2023 | 14.10 Mn |
| Sep 30, 2023 | 16.70 Mn |
| Jun 30, 2023 | -6.20 Mn |
| Mar 31, 2023 | 8.40 Mn |
| Dec 31, 2022 | 26.40 Mn |
| Sep 30, 2022 | 5.40 Mn |
| Jun 30, 2022 | 7.40 Mn |
| Mar 31, 2022 | 17.30 Mn |
| Dec 31, 2021 | 18.50 Mn |
| Sep 30, 2021 | 16.10 Mn |
API Access
Morningstar Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();