Morningstar (MORN) Tax Rate (2009 - 2026)

Morningstar (MORN) has 18 years of Tax Rate data on file, last reported at 24.4% in Q1 2026.

• Tax Rate for Q1 2026 came in at 24.4%, down 85.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.18% (up 271.0% YoY), and the FY2025 annual result was 24.35%, up 318.0% from the prior year.
• Tax Rate grew to 24.4% in Q1 2026 per MORN's latest filing, from 24.12% in the prior quarter.
• Over five years, Tax Rate peaked at 400.0% in Q1 2023 and troughed at 234.78% in Q3 2022.
• A 5-year average of 31.24% and a median of 24.12% in 2025 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 37254 bps in 2023, then plunged 37552 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 86.27% in 2022, then slumped by 82 bps to 15.61% in 2023, then surged by 33 bps to 20.81% in 2024, then advanced by 16 bps to 24.12% in 2025, then advanced by 1 bps to 24.4% in 2026.
• Business Quant data shows MORN's Tax Rate at 24.4% in Q1 2026, 24.12% in Q4 2025, and 25.51% in Q3 2025.