Operating Expenses Summary of Morningstar, Inc.

Morningstar, Inc.'s latest annual operating expenses in 2023 was 964.5 Million USD , down -18.0% from previous year.
Morningstar, Inc.'s latest quarterly operating expenses in 2024 Q2 was 186.6 Million USD , up 1.19% from previous quarter.
Morningstar, Inc. reported a annual operating expenses of 923.5 Million USD in annual operating expenses 2022, up 24.14% from previous year.
Morningstar, Inc. reported a annual operating expenses of 743.9 Million USD in annual operating expenses 2021, up 20.39% from previous year.
Morningstar, Inc. reported a quarterly operating expenses of 186.6 Million USD for 2024 Q2, up 1.19% from previous quarter.
Morningstar, Inc. reported a quarterly operating expenses of 184.4 Million USD for 2024 Q1, down -3.66% from previous quarter.

Annual Operating Expenses Chart of Morningstar, Inc. (2023 - 2000)

Historical Annual Operating Expenses of Morningstar, Inc. (2023 - 2000)

Year	Operating Expenses	Operating Expenses Growth
2023	964.5 Million USD	-18.0%
2022	923.5 Million USD	24.14%
2021	743.9 Million USD	20.39%
2020	617.9 Million USD	22.04%
2019	506.3 Million USD	28.83%
2018	393 Million USD	10.61%
2017	355.3 Million USD	29.91%
2016	273.5 Million USD	2.01%
2015	268.1 Million USD	-2.45%
2014	274.83 Million USD	7.29%
2013	256.17 Million USD	-17.96%
2012	312.27 Million USD	0.46%
2011	310.85 Million USD	12.13%
2010	277.22 Million USD	23.18%
2009	225.06 Million USD	-3.51%
2008	233.25 Million USD	14.3%
2007	204.07 Million USD	35.44%
2006	150.67 Million USD	29.64%
2005	116.22 Million USD	8.41%
2004	107.21 Million USD	0.45%
2003	106.72 Million USD	35.23%
2002	78.92 Million USD	173.34%
2001	-107.62 Million USD	21.47%
2000	-137.04 Million USD	0.0%

Year	Operating Expenses	Operating Expenses Growth
2024 Q3	231.2 Million USD	23.9%
2024 Q2	186.6 Million USD	1.19%
2024 Q1	184.4 Million USD	-3.66%
2023 Q1	236.4 Million USD	-3.31%
2023 Q2	246.6 Million USD	4.31%
2023 Q3	242.6 Million USD	-1.62%
2023 Q4	191.4 Million USD	-21.1%
2023 FY	757.3 Million USD	-18.0%
2022 FY	923.5 Million USD	24.14%
2022 Q1	209.3 Million USD	5.81%
2022 Q2	218.9 Million USD	4.59%
2022 Q3	250.8 Million USD	14.57%
2022 Q4	244.5 Million USD	-2.51%
2021 FY	743.9 Million USD	20.39%
2021 Q1	168.3 Million USD	1.57%
2021 Q2	199.8 Million USD	18.72%
2021 Q3	178 Million USD	-10.91%
2021 Q4	197.8 Million USD	11.12%
2020 Q1	142.5 Million USD	-5.38%
2020 Q2	135.5 Million USD	-4.91%
2020 Q4	165.7 Million USD	-4.88%
2020 FY	617.9 Million USD	22.04%
2020 Q3	174.2 Million USD	28.56%
2019 Q4	150.6 Million USD	10.9%
2019 FY	506.3 Million USD	28.83%
2019 Q3	135.8 Million USD	17.47%
2019 Q2	115.6 Million USD	10.83%
2019 Q1	104.3 Million USD	-0.19%
2018 Q2	99 Million USD	5.77%
2018 Q1	93.6 Million USD	-3.6%
2018 FY	393 Million USD	10.61%
2018 Q3	95.9 Million USD	-3.13%
2018 Q4	104.5 Million USD	8.97%
2017 Q2	87.9 Million USD	4.52%
2017 FY	355.3 Million USD	29.91%
2017 Q4	97.1 Million USD	12.65%
2017 Q3	86.2 Million USD	-1.93%
2017 Q1	84.1 Million USD	13.19%
2016 Q2	67.7 Million USD	4.96%
2016 Q4	74.3 Million USD	10.9%
2016 Q3	67 Million USD	-1.03%
2016 Q1	64.5 Million USD	-3.15%
2016 FY	273.5 Million USD	2.01%
2015 Q3	65.7 Million USD	-5.06%
2015 Q4	66.6 Million USD	1.37%
2015 FY	268.1 Million USD	-2.45%
2015 Q1	66.6 Million USD	-2.69%
2015 Q2	69.2 Million USD	3.9%
2014 Q3	67.7 Million USD	-5.68%
2014 Q4	68.43 Million USD	1.09%
2014 FY	274.83 Million USD	7.29%
2014 Q1	66.91 Million USD	1.91%
2014 Q2	71.77 Million USD	7.26%
2013 Q4	65.66 Million USD	16.33%
2013 Q2	81.57 Million USD	1.6%
2013 Q1	80.28 Million USD	-3.82%
2013 FY	256.17 Million USD	-17.96%
2013 Q3	56.44 Million USD	-30.8%
2012 Q1	80.04 Million USD	5.0%
2012 Q4	83.47 Million USD	13.76%
2012 Q2	75.38 Million USD	-5.83%
2012 Q3	73.37 Million USD	-2.66%
2012 FY	312.27 Million USD	0.46%
2011 Q2	77.21 Million USD	-2.61%
2011 FY	310.85 Million USD	12.13%
2011 Q3	78.11 Million USD	1.16%
2011 Q4	76.23 Million USD	-2.41%
2011 Q1	79.28 Million USD	3.56%
2010 Q1	63.03 Million USD	0.69%
2010 FY	277.22 Million USD	23.18%
2010 Q4	76.56 Million USD	11.05%
2010 Q3	68.94 Million USD	0.37%
2010 Q2	68.68 Million USD	8.97%
2009 Q4	62.6 Million USD	14.97%
2009 FY	225.06 Million USD	-3.51%
2009 Q1	51.85 Million USD	-12.74%
2009 Q2	56.15 Million USD	8.28%
2009 Q3	54.45 Million USD	-3.03%
2008 FY	233.25 Million USD	14.3%
2008 Q4	59.42 Million USD	1.58%
2008 Q3	58.5 Million USD	1.74%
2008 Q2	57.5 Million USD	-0.55%
2008 Q1	57.82 Million USD	5.99%
2007 Q3	51.74 Million USD	-0.92%
2007 FY	204.07 Million USD	35.44%
2007 Q2	52.21 Million USD	14.6%
2007 Q1	45.56 Million USD	6.35%
2007 Q4	54.55 Million USD	5.43%
2006 Q3	38.89 Million USD	5.85%
2006 Q4	42.84 Million USD	10.15%
2006 Q1	32.18 Million USD	7.05%
2006 FY	150.67 Million USD	29.64%
2006 Q2	36.74 Million USD	14.16%
2005 Q4	30.06 Million USD	6.18%
2005 Q2	27.42 Million USD	-9.83%
2005 Q1	30.41 Million USD	-71.63%
2005 FY	116.22 Million USD	8.41%
2005 Q3	28.31 Million USD	3.26%
2004 Q4	107.21 Million USD	510.64%
2004 FY	107.21 Million USD	0.45%
2004 Q2	-24.91 Million USD	-12.09%
2004 Q3	-26.1 Million USD	-4.8%
2004 Q1	-22.22 Million USD	0.0%
2003 FY	106.72 Million USD	35.23%
2002 FY	78.92 Million USD	173.34%
2001 Q3	60.5 Million USD	0.0%
2001 Q1	60.9 Million USD	0.0%
2001 FY	-107.62 Million USD	21.47%
2000 FY	-137.04 Million USD	0.0%

Peer Operating Expenses Comparison of Morningstar, Inc.

Name	Operating Expenses	Operating Expenses Difference
CME Group Inc.	1.1 Billion USD	12.691%
Nasdaq, Inc.	2.31 Billion USD	58.373%
Value Line, Inc.	22.89 Million USD	-4113.446%

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Morningstar, Inc. (MORN)

Operating Expenses Summary of Morningstar, Inc.

Annual Operating Expenses Chart of Morningstar, Inc. (2023 - 2000)

Historical Annual Operating Expenses of Morningstar, Inc. (2023 - 2000)

Peer Operating Expenses Comparison of Morningstar, Inc.