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.

• On a quarterly basis, Tax Rate fell 85.0% year-over-year to 24.4% in Q1 2026; TTM through Mar 2026 was 24.18%, a 271.0% increase from a year earlier, with the FY2025 full-year figure at 24.35%, up 318.0% from the prior year.
• Tax Rate for Q1 2026 stood at 24.4%, up from 24.12% in the prior quarter.
• Over the last five years, Tax Rate for MORN reached as high as 400.0% in Q1 2023 and fell as low as 234.78% in Q3 2022.
• Historically, Tax Rate has averaged 31.24% across 5 years, with a median of 24.12% in 2025.
• Across the five-year window, Tax Rate surged 37254 bps in 2023 and slumped 37552 bps in 2024, its largest moves.
• Year by year, Tax Rate stood at 86.27% in 2022, then tumbled by 82 bps to 15.61% in 2023, then surged by 33 bps to 20.81% in 2024, then increased by 16 bps to 24.12% in 2025, then increased by 1 bps to 24.4% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 24.4% in Q1 2026, 24.12% in Q4 2025, and 25.51% in Q3 2025.