Morningstar (MORN) Tax Provisions (2009 - 2026)

Morningstar (MORN) reported Tax Provisions of $34.6 million for Q1 2026, up 26.28% year-over-year from $27.4 million in Q1 2025, and down 4.95% quarter-over-quarter from $36.4 million in Q4 2025.

Morningstar (MORN) Tax Provisions (2009 - 2026) Analysis & Trends

Morningstar (MORN) has 18 years of Tax Provisions data on file, last reported at $34.6 million in Q1 2026.

  • Tax Provisions for Q1 2026 came in at $34.6 million, up 26.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $128.7 million (up 16.89% YoY), and the FY2025 annual result was $121.5 million, up 16.83% from the prior year.
  • Tax Provisions declined to $34.6 million in Q1 2026 per MORN's latest filing, from $36.4 million in the prior quarter.
  • Over five years, Tax Provisions peaked at $36.4 million in Q4 2025 and troughed at -$6.2 million in Q2 2023.
  • A 5-year average of $20.6 million and a median of $21.3 million in 2024 frame the typical range for Tax Provisions.
  • The sharpest annual moves came in 2023 and 2024: Tax Provisions slumped 183.78% in 2023, then surged 409.68% in 2024.
  • A 5-year view of Tax Provisions shows it stood at $26.4 million in 2022, then sank by 46.59% to $14.1 million in 2023, then surged by 140.43% to $33.9 million in 2024, then gained by 7.37% to $36.4 million in 2025, then dropped by 4.95% to $34.6 million in 2026.
  • Business Quant data shows MORN's Tax Provisions at $34.6 million in Q1 2026, $36.4 million in Q4 2025, and $31.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 404.00 Mn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 356.60 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 209.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 465.00 Mn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 158.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -70.59 Mn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -16.80 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 129.80 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 27.60 Mn
10 Morningstar 6.04 Bn 5.51 Bn 405.90 Mn 34.60 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 13.90 Mn