Morningstar annual gross profit
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Morningstar Gross Profit Growth & History (MORN)
Morningstar's gross profit was $1.49B for fiscal 2025.
View full Morningstar company overviewMorningstar annual gross profit history
| Fiscal year | Period ended | Gross profit | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.49B | $113.2M | +8.21% |
| 2024 | 2024-12-31 | $1.38B | $184.3M | +15.42% |
| 2023 | 2023-12-31 | $1.20B | $103.8M | +9.51% |
| 2022 | 2022-12-31 | $1.09B | $90.4M | +9.03% |
| 2021 | 2021-12-31 | $1.00B | $167.8M | +20.14% |
| 2020 | 2020-12-31 | $833.1M | $137.2M | +19.72% |
| 2019 | 2019-12-31 | $695.9M | $87.1M | +14.31% |
| 2018 | 2018-12-31 | $608.8M | $83.7M | +15.94% |
| 2017 | 2017-12-31 | $525.1M | $70.8M | +15.58% |
| 2016 | 2016-12-31 | $454.3M | −$4.4M | −0.96% |
| 2015 | 2015-12-31 | $458.7M | $17.2M | +3.90% |
| 2014 | 2014-12-31 | $441.5M | $14.6M | +3.42% |
| 2013 | 2013-12-31 | $426.9M | $15.4M | +3.74% |
| 2012 | 2012-12-31 | $411.5M | $15.4M | +3.89% |
| 2011 | 2011-12-31 | $396.1M | −$2.2M | −0.55% |
| 2010 | 2010-12-31 | $398.3M | $47.9M | +13.67% |
| 2009 | 2009-12-31 | $350.4M | −$22.0M | −5.91% |
| 2008 | 2008-12-31 | $372.4M | — | — |
Morningstar quarterly gross profit
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Q2.26
| Fiscal quarter | Period ended | Gross profit | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $423.9M | $49.4M | +13.19% |
| Q1 2026 | 2026-03-31 | $405.9M | $55.4M | +15.81% |
| Q4 2025 | 2025-12-31 | $391.9M | $33.1M | +9.23% |
| Q3 2025 | 2025-09-30 | $375.7M | $29.0M | +8.36% |
| Q2 2025 | 2025-06-30 | $374.5M | $25.3M | +7.25% |
| Q1 2025 | 2025-03-31 | $350.5M | $25.8M | +7.95% |
| Q4 2024 | 2024-12-31 | $358.8M | $25.5M | +7.65% |
| Q3 2024 | 2024-09-30 | $346.7M | $34.1M | +10.91% |
| Q2 2024 | 2024-06-30 | $349.2M | $60.9M | +21.12% |
| Q1 2024 | 2024-03-31 | $324.7M | $63.8M | +24.45% |
| Q4 2023 | 2023-12-31 | $333.3M | $53.3M | +19.04% |
| Q3 2023 | 2023-09-30 | $312.6M | $39.8M | +14.59% |
| Q2 2023 | 2023-06-30 | $288.3M | $15.5M | +5.68% |
| Q1 2023 | 2023-03-31 | $260.9M | −$4.8M | −1.81% |
| Q4 2022 | 2022-12-31 | $280.0M | $7.4M | +2.71% |
| Q3 2022 | 2022-09-30 | $272.8M | $27.0M | +10.98% |
| Q2 2022 | 2022-06-30 | $272.8M | $25.8M | +10.45% |
| Q1 2022 | 2022-03-31 | $265.7M | $30.2M | +12.82% |
| Q4 2021 | 2021-12-31 | $272.6M | $41.8M | +18.11% |
| Q3 2021 | 2021-09-30 | $245.8M | $27.3M | +12.49% |
| Q2 2021 | 2021-06-30 | $247.0M | $50.2M | +25.51% |
| Q1 2021 | 2021-03-31 | $235.5M | $48.5M | +25.94% |
| Q4 2020 | 2020-12-31 | $230.8M | $40.5M | +21.28% |
| Q3 2020 | 2020-09-30 | $218.5M | $33.1M | +17.85% |
| Q2 2020 | 2020-06-30 | $196.8M | $30.4M | +18.27% |
| Q1 2020 | 2020-03-31 | $187.0M | $33.2M | +21.59% |
| Q4 2019 | 2019-12-31 | $190.3M | $36.5M | +23.73% |
| Q3 2019 | 2019-09-30 | $185.4M | $24.1M | +14.94% |
| Q2 2019 | 2019-06-30 | $166.4M | $13.8M | +9.04% |
| Q1 2019 | 2019-03-31 | $153.8M | $12.7M | +9.00% |
| Q4 2018 | 2018-12-31 | $153.8M | $14.1M | +10.09% |
| Q3 2018 | 2018-09-30 | $161.3M | $22.3M | +16.04% |
| Q2 2018 | 2018-06-30 | $152.6M | $18.7M | +13.97% |
| Q1 2018 | 2018-03-31 | $141.1M | $28.6M | +25.42% |
| Q4 2017 | 2017-12-31 | $139.7M | $15.5M | +12.48% |
| Q3 2017 | 2017-09-30 | $139.0M | $27.8M | +25.00% |
| Q2 2017 | 2017-06-30 | $133.9M | $21.8M | +19.45% |
| Q1 2017 | 2017-03-31 | $112.5M | $5.7M | +5.34% |
| Q4 2016 | 2016-12-31 | $124.2M | $7.4M | +6.34% |
| Q3 2016 | 2016-09-30 | $111.2M | −$700,000 | −0.63% |
| Q2 2016 | 2016-06-30 | $112.1M | −$6.8M | −5.72% |
| Q1 2016 | 2016-03-31 | $106.8M | −$4.3M | −3.87% |
| Q4 2015 | 2015-12-31 | $116.8M | $1.7M | +1.48% |
| Q3 2015 | 2015-09-30 | $111.9M | −$1.2M | −1.06% |
| Q2 2015 | 2015-06-30 | $118.9M | $11.0M | +10.19% |
| Q1 2015 | 2015-03-31 | $111.1M | $5.7M | +5.41% |
| Q4 2014 | 2014-12-31 | $115.1M | $7.5M | +6.94% |
| Q3 2014 | 2014-09-30 | $113.1M | $12.0M | +11.91% |
| Q2 2014 | 2014-06-30 | $107.9M | −$3.1M | −2.79% |
| Q1 2014 | 2014-03-31 | $105.4M | −$1.8M | −1.68% |
| Q4 2013 | 2013-12-31 | $107.6M | $23.5M | +27.89% |
| Q3 2013 | 2013-09-30 | $101.1M | $676,000 | +0.67% |
| Q2 2013 | 2013-06-30 | $111.0M | −$5.5M | −4.73% |
| Q1 2013 | 2013-03-31 | $107.2M | −$3.2M | −2.93% |
| Q4 2012 | 2012-12-31 | $84.2M | $27.0M | +47.11% |
| Q3 2012 | 2012-09-30 | $100.4M | −$11.6M | −10.35% |
| Q2 2012 | 2012-06-30 | $116.5M | $691,000 | +0.60% |
| Q1 2012 | 2012-03-31 | $110.4M | −$655,000 | −0.59% |
| Q4 2011 | 2011-12-31 | $57.2M | −$51.6M | −47.44% |
| Q3 2011 | 2011-09-30 | $112.0M | $12.9M | +12.99% |
| Q2 2011 | 2011-06-30 | $115.8M | $19.5M | +20.21% |
| Q1 2011 | 2011-03-31 | $111.1M | $17.1M | +18.22% |
| Q4 2010 | 2010-12-31 | $108.9M | — | — |
| Q3 2010 | 2010-09-30 | $99.1M | $11.0M | +12.45% |
| Q2 2010 | 2010-06-30 | $96.4M | $7.5M | +8.46% |
| Q1 2010 | 2010-03-31 | $94.0M | — | — |
| Q3 2009 | 2009-09-30 | $88.1M | — | — |
| Q2 2009 | 2009-06-30 | $88.8M | — | — |
Morningstar gross profit trends
Over the last five fiscal years, Morningstar's gross profit increased from $833.1M to $1.49B, a change of $659.5M. The latest reported quarter, Q2 2026, shows $423.9M.
About the metric
What gross profit means
Gross profit is the amount of revenue remaining after the direct costs of producing and delivering a company’s goods or services. It helps show the dollars available to cover operating expenses before operating income, interest, and taxes.
Calculation and source
SEC-reported and calculated gross profit
TickerStat uses gross profit reported in company SEC filings when available. Otherwise, it calculates gross profit as SEC-reported revenue minus aligned cost of revenue for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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