Morningstar (MORN) Total Debt (2014 - 2026)
Morningstar's Total Debt was $1.68 billion in Q3 2026, up 97.8% from $848.9 million a year earlier but down 2.0% from the prior quarter.
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Analysis
Morningstar (MORN) Total Debt (2014 - 2026) Analysis & Trends
At the end of FY2025, Total Debt at Morningstar came in at $1.07 billion, up 53.5% from FY2024.
- Total Debt shows a five-year compound annual growth rate of 19.0% (FY2020 to FY2025).
- In earlier years, Total Debt was $698.6 million in FY2024 (-28.2%), $972.4 million in FY2023 (-12.4%), $1.11 billion in FY2022 (+208.7%) and $359.4 million in FY2021 (-20.0%).
- Quarterly Total Debt has moved between $359.4 million (Q4 2021) and $1.71 billion (Q2 2026) over five years.
- Compared with a year earlier, Total Debt has increased for four straight quarters, with growth averaging 39.6% over the last eight quarters.
- The best year-over-year quarter for Total Debt over five years was Q2 2022 (growth of 214.3%); the worst was Q4 2024 (a decline of 28.2%).
- Per Business Quant data, MORN's Total Debt in the three quarters before Q3 2026 was $1.71 billion (Q2 2026), $1.71 billion (Q1 2026) and $1.07 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 13.06 Bn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 6.91 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 6.72 Bn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 4.47 Bn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 5.21 Bn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 5.46 Bn |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 1.37 Bn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 1.68 Bn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 23.94 Bn |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 3.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.68 Bn |
| Jun 30, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.71 Bn |
| Dec 31, 2025 | 1.07 Bn |
| Sep 30, 2025 | 848.90 Mn |
| Jun 30, 2025 | 838.80 Mn |
| Mar 31, 2025 | 803.70 Mn |
| Dec 31, 2024 | 698.60 Mn |
| Sep 30, 2024 | 864.70 Mn |
| Jun 30, 2024 | 899.60 Mn |
| Mar 31, 2024 | 949.40 Mn |
| Dec 31, 2023 | 972.40 Mn |
| Sep 30, 2023 | 1.06 Bn |
| Jun 30, 2023 | 1.15 Bn |
| Mar 31, 2023 | 1.13 Bn |
| Dec 31, 2022 | 1.11 Bn |
| Sep 30, 2022 | 1.16 Bn |
| Jun 30, 2022 | 1.18 Bn |
| Mar 31, 2022 | 504.40 Mn |
| Dec 31, 2021 | 359.40 Mn |
API Access
Morningstar Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();