Morningstar (MORN) Total Liabilities (2009 - 2026)
Morningstar's Total Liabilities was $2.93 billion in Q3 2026, up 43.2% from $2.04 billion a year earlier and up 0.1% from the prior quarter.
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Analysis
Morningstar (MORN) Total Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Total Liabilities at Morningstar came in at $2.37 billion, up 22.7% from FY2024.
- Total Liabilities shows a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- In earlier years, Total Liabilities was $1.93 billion in FY2024 (-7.0%), $2.08 billion in FY2023 (-8.5%), $2.27 billion in FY2022 (+56.7%) and $1.45 billion in FY2021 (+1.6%).
- Quarterly Total Liabilities has moved between $1.45 billion (Q4 2021) and $2.97 billion (Q1 2026) over five years.
- Compared with a year earlier, Total Liabilities has increased for six straight quarters, with growth averaging 19.6% over the last eight quarters.
- The best year-over-year quarter for Total Liabilities over five years was Q3 2022 (growth of 64.6%); the worst was Q2 2024 (a decline of 11.4%).
- Per Business Quant data, MORN's Total Liabilities in the three quarters before Q3 2026 was $2.92 billion (Q2 2026), $2.97 billion (Q1 2026) and $2.37 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 28.20 Bn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 11.42 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 8.61 Bn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 5.68 Bn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 7.44 Bn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 7.09 Bn |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 2.14 Bn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 2.93 Bn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 51.40 Bn |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 165.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.93 Bn |
| Jun 30, 2026 | 2.92 Bn |
| Mar 31, 2026 | 2.97 Bn |
| Dec 31, 2025 | 2.37 Bn |
| Sep 30, 2025 | 2.04 Bn |
| Jun 30, 2025 | 2.02 Bn |
| Mar 31, 2025 | 1.98 Bn |
| Dec 31, 2024 | 1.93 Bn |
| Sep 30, 2024 | 2.00 Bn |
| Jun 30, 2024 | 1.97 Bn |
| Mar 31, 2024 | 2.01 Bn |
| Dec 31, 2023 | 2.08 Bn |
| Sep 30, 2023 | 2.10 Bn |
| Jun 30, 2023 | 2.22 Bn |
| Mar 31, 2023 | 2.25 Bn |
| Dec 31, 2022 | 2.27 Bn |
| Sep 30, 2022 | 2.24 Bn |
| Jun 30, 2022 | 2.23 Bn |
| Mar 31, 2022 | 1.52 Bn |
| Dec 31, 2021 | 1.45 Bn |
API Access
Morningstar Total Liabilities 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-liabilities&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();