Morningstar (MORN) Tax Rate (2009 - 2026)
Morningstar (MORN) posted quarterly Tax Rate of 26.05% for Q2 2026, up 348.0% year-over-year from 5.82% in Q2 2025, and up 6.78% quarter-over-quarter from 24.4% in Q1 2026.
Morningstar (MORN) Tax Rate (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Tax Rate for 18 consecutive years, with 26.05% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 348.0% year-over-year to 26.05%; the TTM figure through Jun 2026 stood at 25.0% (up 329.0% YoY), while the FY2025 annual figure was 24.35%, up 318.0% from the prior year.
- Tax Rate climbed to 26.05% in Q2 2026 per MORN's latest filing, from 24.4% 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.
- Historically, Tax Rate has averaged 30.95% across 5 years, with a median of 24.26% in 2025.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 37254 bps — and 2024, when it plunged 37552 bps.
- Morningstar's Tax Rate stood at 86.27% in 2022, then tumbled by 82 bps to 15.61% in 2023, then soared by 33 bps to 20.81% in 2024, then climbed by 16 bps to 24.12% in 2025, then increased by 8 bps to 26.05% in 2026.
- Business Quant data shows MORN's Tax Rate at 26.05% in Q2 2026, 24.4% in Q1 2026, and 24.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 23.48% |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 21.53% |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 24.24% |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 24.94% |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 22.36% |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 9.09% |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 18.04% |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 28.62% |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 27.20% |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 26.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.05% |
| Jun 30, 2026 | 26.05% |
| Jun 30, 2026 | 26.05% |
| Mar 31, 2026 | 24.40% |
| Mar 31, 2026 | 24.40% |
| Mar 31, 2026 | 24.40% |
| Dec 31, 2025 | 24.12% |
| Dec 31, 2025 | 24.12% |
| Dec 31, 2025 | 24.12% |
| Sep 30, 2025 | 25.51% |
| Sep 30, 2025 | 25.51% |
| Sep 30, 2025 | 25.51% |
| Jun 30, 2025 | 22.58% |
| Jun 30, 2025 | 22.58% |
| Jun 30, 2025 | 22.58% |
| Mar 31, 2025 | 25.25% |
| Mar 31, 2025 | 25.25% |
| Mar 31, 2025 | 25.25% |
| Dec 31, 2024 | 20.81% |
| Dec 31, 2024 | 20.81% |