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| Date | Value |
|---|---|
| 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 |