Filing Flows › Morningstar (MORN) › Operating margin
Morningstar (MORN) operating margin by quarter
Morningstar's operating margin was 24.9% in Q3 2026 (third quarter 2026), +0.7 pts from Q2 2026. Over the last 7 quarters it ranged from 19.6% (Q1 2025) to 24.9% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 24.9% | +0.7 pts | +4.2 pts |
| Q2 2026 | 24.2% | +0.0 pts | +3.5 pts |
| Q1 2026 | 24.2% | -0.7 pts | +4.6 pts |
| Q4 2025 | 24.9% | +4.2 pts | — |
| Q3 2025 | 20.7% | +0.0 pts | — |
| Q2 2025 | 20.7% | +1.1 pts | — |
| Q1 2025 | 19.6% | — | — |
Q3 2026 at a glance
Morningstar, Q3 2026: revenue $672M (+9% year over year), operating margin 24.9%, net earnings $116M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
Questions
What is Morningstar's operating margin?
Morningstar's operating margin was 24.9% in Q3 2026 (third quarter 2026), +0.7 pts from Q2 2026.
How has Morningstar's operating margin changed?
Over the last 7 quarters it ranged from 19.6% (Q1 2025) to 24.9% (Q3 2026).