Balance Sheet
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Income Statement
Consolidated Net IncomeCost of RevenueDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
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Ratios

Morningstar (MORN) Tax Rate (2016 - 2026)

Morningstar (MORN) has disclosed Tax Rate for 18 consecutive years, with 24.4% as the latest value for Q1 2026.

  • For Q1 2026, Tax Rate fell 85.0% year-over-year to 24.4%; the TTM value through Mar 2026 reached 24.18%, up 271.0%, while the annual FY2025 figure was 24.35%, 318.0% up from the prior year.
  • Tax Rate hit 24.4% in Q1 2026 for Morningstar, up from 24.12% in the prior quarter.
  • Across five years, Tax Rate topped out at 400.0% in Q1 2023 and bottomed at 234.78% in Q3 2022.
  • Average Tax Rate over 5 years is 31.24%, with a median of 24.12% recorded in 2025.
  • Year-over-year, Tax Rate soared 37254bps in 2023 and then plummeted -37552bps in 2024.
  • Morningstar's Tax Rate stood at 86.27% in 2022, then plummeted by -82bps to 15.61% in 2023, then surged by 33bps to 20.81% in 2024, then increased by 16bps to 24.12% in 2025, then increased by 1bps to 24.4% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods came in at 24.4%, 24.12%, and 25.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.