Morningstar annual stock-based compensation
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Morningstar Stock-Based Compensation Growth & History (MORN)
Morningstar's stock-based compensation was $56.4M for fiscal 2025.
View full Morningstar company overviewMorningstar annual stock-based compensation history
| Fiscal year | Period ended | Stock-based compensation | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $56.4M | $1.7M | +3.11% |
| 2024 | 2024-12-31 | $54.7M | $1.9M | +3.60% |
| 2023 | 2023-12-31 | $52.8M | −$30.4M | −36.54% |
| 2022 | 2022-12-31 | $83.2M | $41.3M | +98.57% |
| 2021 | 2021-12-31 | $41.9M | $5.3M | +14.48% |
| 2020 | 2020-12-31 | $36.6M | −$7.8M | −17.57% |
| 2019 | 2019-12-31 | $44.4M | $12.7M | +40.06% |
| 2018 | 2018-12-31 | $31.7M | $7.6M | +31.54% |
| 2017 | 2017-12-31 | $24.1M | $9.6M | +66.21% |
| 2016 | 2016-12-31 | $14.5M | −$2.9M | −16.67% |
| 2015 | 2015-12-31 | $17.4M | −$200,000 | −1.14% |
| 2014 | 2014-12-31 | $17.6M | $2.6M | +17.33% |
| 2013 | 2013-12-31 | $15.0M | −$3.9M | −20.66% |
| 2012 | 2012-12-31 | $18.9M | $3.6M | +23.54% |
| 2011 | 2011-12-31 | $15.3M | $1.5M | +10.95% |
| 2010 | 2010-12-31 | $13.8M | $2.2M | +18.98% |
| 2009 | 2009-12-31 | $11.6M | $312,000 | +2.77% |
| 2008 | 2008-12-31 | $11.3M | — | — |
Morningstar quarterly stock-based compensation
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| Fiscal quarter | Period ended | Stock-based compensation | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $27.3M | $8.9M | +48.37% |
| Q1 2026 | 2026-03-31 | $10.8M | $1.7M | +18.68% |
| Q4 2025 | 2025-12-31 | $10.3M | −$5.6M | −35.22% |
| Q3 2025 | 2025-09-30 | $18.6M | $5.4M | +40.91% |
| Q2 2025 | 2025-06-30 | $18.4M | $4.2M | +29.58% |
| Q1 2025 | 2025-03-31 | $9.1M | −$2.3M | −20.18% |
| Q4 2024 | 2024-12-31 | $15.9M | $4.8M | +43.24% |
| Q3 2024 | 2024-09-30 | $13.2M | −$1.5M | −10.20% |
| Q2 2024 | 2024-06-30 | $14.2M | −$600,000 | −4.05% |
| Q1 2024 | 2024-03-31 | $11.4M | −$800,000 | −6.56% |
| Q4 2023 | 2023-12-31 | $11.1M | −$14.0M | −55.78% |
| Q3 2023 | 2023-09-30 | $14.7M | −$7.4M | −33.48% |
| Q2 2023 | 2023-06-30 | $14.8M | −$7.3M | −33.03% |
| Q1 2023 | 2023-03-31 | $12.2M | −$1.7M | −12.23% |
| Q4 2022 | 2022-12-31 | $25.1M | $14.2M | +130.28% |
| Q3 2022 | 2022-09-30 | $22.1M | $11.0M | +99.10% |
| Q2 2022 | 2022-06-30 | $22.1M | $10.3M | +87.29% |
| Q1 2022 | 2022-03-31 | $13.9M | $5.8M | +71.60% |
| Q4 2021 | 2021-12-31 | $10.9M | $1.8M | +19.78% |
| Q3 2021 | 2021-09-30 | $11.1M | $1.2M | +12.12% |
| Q2 2021 | 2021-06-30 | $11.8M | $1.5M | +14.56% |
| Q1 2021 | 2021-03-31 | $8.1M | $800,000 | +10.96% |
| Q4 2020 | 2020-12-31 | $9.1M | −$2.0M | −18.02% |
| Q3 2020 | 2020-09-30 | $9.9M | −$900,000 | −8.33% |
| Q2 2020 | 2020-06-30 | $10.3M | −$2.2M | −17.60% |
| Q1 2020 | 2020-03-31 | $7.3M | −$2.7M | −27.00% |
| Q4 2019 | 2019-12-31 | $11.1M | $3.3M | +42.31% |
| Q3 2019 | 2019-09-30 | $10.8M | $3.5M | +47.95% |
| Q2 2019 | 2019-06-30 | $12.5M | $2.5M | +25.00% |
| Q1 2019 | 2019-03-31 | $10.0M | $3.4M | +51.52% |
| Q4 2018 | 2018-12-31 | $7.8M | $200,000 | +2.63% |
| Q3 2018 | 2018-09-30 | $7.3M | $1.8M | +32.73% |
| Q2 2018 | 2018-06-30 | $10.0M | $4.3M | +75.44% |
| Q1 2018 | 2018-03-31 | $6.6M | $1.3M | +24.53% |
| Q4 2017 | 2017-12-31 | $7.6M | $3.7M | +94.87% |
| Q3 2017 | 2017-09-30 | $5.5M | $2.7M | +96.43% |
| Q2 2017 | 2017-06-30 | $5.7M | $1.9M | +50.00% |
| Q1 2017 | 2017-03-31 | $5.3M | $1.3M | +32.50% |
| Q4 2016 | 2016-12-31 | $3.9M | $0 | 0.00% |
| Q3 2016 | 2016-09-30 | $2.8M | −$1.8M | −39.13% |
| Q2 2016 | 2016-06-30 | $3.8M | −$800,000 | −17.39% |
| Q1 2016 | 2016-03-31 | $4.0M | −$300,000 | −6.98% |
| Q4 2015 | 2015-12-31 | $3.9M | −$400,000 | −9.30% |
| Q3 2015 | 2015-09-30 | $4.6M | −$400,000 | −8.00% |
| Q2 2015 | 2015-06-30 | $4.6M | $200,000 | +4.55% |
| Q1 2015 | 2015-03-31 | $4.3M | $400,000 | +10.26% |
| Q4 2014 | 2014-12-31 | $4.3M | $410,000 | +10.54% |
| Q3 2014 | 2014-09-30 | $5.0M | $1.6M | +46.37% |
| Q2 2014 | 2014-06-30 | $4.4M | $446,000 | +11.28% |
| Q1 2014 | 2014-03-31 | $3.9M | $117,000 | +3.09% |
| Q4 2013 | 2013-12-31 | $3.9M | −$3.4M | −46.79% |
| Q3 2013 | 2013-09-30 | $3.4M | −$578,000 | −14.47% |
| Q2 2013 | 2013-06-30 | $4.0M | $220,000 | +5.89% |
| Q1 2013 | 2013-03-31 | $3.8M | −$83,000 | −2.15% |
| Q4 2012 | 2012-12-31 | $7.3M | $3.5M | +89.40% |
| Q3 2012 | 2012-09-30 | $4.0M | $43,000 | +1.09% |
| Q2 2012 | 2012-06-30 | $3.7M | −$109,000 | −2.84% |
| Q1 2012 | 2012-03-31 | $3.9M | $217,000 | +5.95% |
| Q4 2011 | 2011-12-31 | $3.9M | $404,000 | +11.69% |
| Q3 2011 | 2011-09-30 | $4.0M | $206,000 | +5.50% |
| Q2 2011 | 2011-06-30 | $3.8M | $188,000 | +5.14% |
| Q1 2011 | 2011-03-31 | $3.6M | $712,000 | +24.24% |
| Q4 2010 | 2010-12-31 | $3.5M | — | — |
| Q3 2010 | 2010-09-30 | $3.7M | $882,000 | +30.81% |
| Q2 2010 | 2010-06-30 | $3.7M | $587,000 | +19.13% |
| Q1 2010 | 2010-03-31 | $2.9M | — | — |
| Q3 2009 | 2009-09-30 | $2.9M | — | — |
| Q2 2009 | 2009-06-30 | $3.1M | — | — |
Morningstar stock-based compensation trends
Over the last five fiscal years, Morningstar's stock-based compensation increased from $36.6M to $56.4M, a change of $19.8M. The latest reported quarter, Q2 2026, shows $27.3M.
About the metric
What stock-based compensation means
Stock-based compensation is the expense associated with equity awards such as restricted stock and employee options. It is a non-cash expense when recognized, but it can dilute existing shareholders unless offset by share repurchases.
Calculation and source
SEC-reported stock-based compensation
TickerStat standardizes share-based compensation reported in company SEC filings. The history shows recognized compensation expense or its cash-flow-statement adjustment, not the grant-date value of new awards or a forecast of future dilution. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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