MORNINGSTAR, INC. (MORN) Operating Margin
- Operating margin · 12 months: Value 23.53%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 23.53% | Operating income / revenue. Period ending 2026-06-30. $603.90M ÷ $2.57B × 100 ≈ 23.53% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 603.90M USD | Operating Income (Loss) |
| Revenue | 2.57B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | 969.10M USD | Cost of Goods and Services Sold |
| Research and development | (m) | Research and Development Expense |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $603.90M | $2.57B | $969.10M | (m) | (m) | 23.53% |
| 2026-03-31 | $568.40M | $2.51B | $960.40M | (m) | (m) | 22.66% |
| 2025-12-31 | $526.60M | $2.45B | $952.90M | (m) | (m) | 21.53% |
| 2025-09-30 | $535.20M | $2.40B | $935.90M | (m) | (m) | 22.34% |
| 2025-06-30 | $522.90M | $2.35B | $916.90M | (m) | (m) | 22.28% |
| 2025-03-31 | $506.30M | $2.31B | $909.00M | (m) | (m) | 21.88% |
| 2024-12-31 | $484.80M | $2.28B | $895.70M | (m) | (m) | 21.31% |
| 2024-09-30 | $411.00M | $2.22B | $868.90M | (m) | (m) | 18.49% |
| 2024-06-30 | $365.50M | $2.17B | $849.10M | (m) | (m) | 16.85% |
| 2024-03-31 | $298.70M | $2.10B | $842.80M | (m) | (m) | 14.21% |
| 2023-12-31 | $230.60M | $2.04B | $843.50M | (m) | (m) | 11.31% |
| 2023-09-30 | $171.70M | $1.97B | $833.10M | (m) | (m) | 8.69% |
| 2023-06-30 | $123.70M | $1.93B | $825.60M | (m) | (m) | 6.42% |
| 2023-03-31 | $135.90M | $1.89B | $806.80M | (m) | (m) | 7.18% |
| 2022-12-31 | $167.80M | $1.87B | $779.30M | (m) | (m) | 8.97% |
| 2022-09-30 | $207.10M | $1.86B | $773.90M | (m) | (m) | 11.15% |
| 2022-06-30 | $252.90M | $1.82B | $761.60M | (m) | (m) | 13.91% |
| 2022-03-31 | $246.20M | $1.76B | $732.40M | (m) | (m) | 13.96% |
| 2021-12-31 | $257.00M | $1.70B | $698.40M | (m) | (m) | 15.12% |
| 2021-09-30 | $247.30M | $1.62B | $658.40M | (m) | (m) | 15.29% |
| 2021-06-30 | $223.80M | $1.55B | $614.00M | (m) | (m) | 14.48% |
| 2021-03-31 | $237.90M | $1.46B | $576.70M | (m) | (m) | 16.31% |
| 2020-12-31 | $215.20M | $1.39B | $556.40M | (m) | (m) | 15.49% |
| 2020-09-30 | $189.80M | $1.34B | $548.90M | (m) | (m) | 14.15% |
| 2020-06-30 | $195.10M | $1.30B | $538.60M | (m) | (m) | 15.03% |
| 2020-03-31 | $184.60M | $1.24B | $515.00M | (m) | (m) | 14.84% |
| 2019-12-31 | $189.60M | $1.18B | $483.10M | (m) | (m) | 16.08% |
| 2019-09-30 | $199.20M | $1.11B | $449.90M | (m) | (m) | 17.96% |
| 2019-06-30 | $215.00M | $1.06B | $421.50M | (m) | (m) | 20.34% |
| 2019-03-31 | $217.80M | $1.04B | $413.80M | (m) | (m) | 21.04% |
| 2018-12-31 | $215.80M | $1.02B | $411.10M | (m) | (m) | 21.16% |
| 2018-09-30 | $209.10M | $1.00B | $405.60M | (m) | (m) | 20.90% |
| 2018-06-30 | $196.50M | $968.90M | $396.50M | (m) | (m) | 20.28% |
| 2018-03-31 | $188.90M | $945.70M | $392.00M | (m) | (m) | 19.97% |
| 2017-12-31 | $169.80M | $911.70M | $386.60M | (m) | (m) | 18.62% |
| 2017-09-30 | $177.10M | $880.80M | $371.20M | (m) | (m) | 20.11% |
| 2017-06-30 | $168.50M | $847.00M | $365.20M | (m) | (m) | 19.89% |
| 2017-03-31 | $166.90M | $816.00M | $356.00M | (m) | (m) | 20.45% |
| 2016-12-31 | $180.80M | $798.60M | $344.30M | (m) | (m) | 22.64% |
| 2016-09-30 | $181.00M | $788.00M | $341.20M | (m) | (m) | 22.97% |
| 2016-06-30 | $183.00M | $787.20M | $339.70M | (m) | (m) | 23.25% |
| 2016-03-31 | $188.40M | $791.10M | $336.70M | (m) | (m) | 23.81% |
| 2015-12-31 | $190.60M | $788.80M | $330.10M | (m) | (m) | 24.16% |
| 2015-09-30 | $187.09M | $783.57M | $326.44M | (m) | (m) | 23.88% |
| 2015-06-30 | $186.09M | $781.37M | $323.34M | (m) | (m) | 23.82% |
| 2015-03-31 | $111.59M | $768.67M | $321.54M | (m) | (m) | 14.52% |
| 2014-12-31 | $105.59M | $760.07M | $318.64M | (m) | (m) | 13.89% |
| 2014-09-30 | $100.91M | $744.16M | $310.18M | (m) | (m) | 13.56% |
| 2014-06-30 | $100.26M | $724.53M | $302.46M | (m) | (m) | 13.84% |
| 2014-03-31 | $168.63M | $710.58M | $285.50M | (m) | (m) | 23.73% |
| 2013-12-31 | $170.65M | $698.27M | $271.44M | (m) | (m) | 24.44% |
| 2013-09-30 | $168.03M | $688.38M | $207.70M | (m) | (m) | 24.41% |
| 2013-06-30 | $163.28M | $675.85M | $193.86M | $53.42M | (m) | 24.16% |
| 2013-03-31 | $160.83M | $666.38M | $193.04M | $51.71M | (m) | 24.13% |
| 2012-12-31 | $150.67M | $658.29M | $195.35M | $51.44M | (m) | 22.89% |
| 2012-09-30 | $145.53M | $646.25M | $195.68M | $52.67M | (m) | 22.52% |
| 2012-06-30 | $139.53M | $645.35M | $196.04M | $53.30M | (m) | 21.62% |
| 2012-03-31 | $137.00M | $640.39M | $191.78M | $54.53M | (m) | 21.39% |
| 2011-12-31 | $138.41M | $631.40M | $182.13M | $53.16M | (m) | 21.92% |
| 2011-09-30 | $136.57M | $623.98M | (m) | $52.90M | (m) | 21.89% |
| 2011-06-30 | $132.87M | $603.75M | (m) | $52.13M | (m) | 22.01% |
| 2011-03-31 | $121.93M | $578.83M | (m) | $50.34M | (m) | 21.06% |
| 2010-12-31 | $121.06M | $555.35M | (m) | $49.24M | (m) | 21.80% |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $124.67M | $479.00M | (m) | $38.38M | (m) | 26.03% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $138.88M | $502.46M | (m) | $40.34M | (m) | 27.64% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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