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Consolidated Net IncomeDepreciation & 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 Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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Morningstar (MORN) Tax Rate (2016 - 2025)

Morningstar (MORN) has disclosed Tax Rate for 17 consecutive years, with 24.12% as the latest value for Q4 2025.

  • On a quarterly basis, Tax Rate rose 331.0% to 24.12% in Q4 2025 year-over-year; TTM through Dec 2025 was 24.35%, a 318.0% increase, with the full-year FY2025 number at 24.35%, up 318.0% from a year prior.
  • Tax Rate was 24.12% for Q4 2025 at Morningstar, down from 25.51% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 400.0% in Q1 2023 to a low of 234.78% in Q3 2022.
  • A 5-year average of 30.42% and a median of 24.3% in 2025 define the central range for Tax Rate.
  • Peak YoY movement for Tax Rate: skyrocketed 37254bps in 2023, then tumbled -37552bps in 2024.
  • Morningstar's Tax Rate stood at 24.93% in 2021, then skyrocketed by 246bps to 86.27% in 2022, then tumbled by -82bps to 15.61% in 2023, then soared by 33bps to 20.81% in 2024, then rose by 16bps to 24.12% in 2025.
  • Per Business Quant, the three most recent readings for MORN's Tax Rate are 24.12% (Q4 2025), 25.51% (Q3 2025), and 22.58% (Q2 2025).