What is Morningstar's change in income taxes?

Morningstar (MORN) reported change in income taxes of $20.3M in Q1 2026.

How has Morningstar's change in income taxes changed year-over-year?

Morningstar's change in income taxes increased by 1.0% year-over-year, from $20.1M to $20.3M.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

Morningstar MORN Change in Income Taxes

Change in Income Taxes at other companies

S&P GlobalSPGI

$314M+39.6%

FactSet Research SystemsFDS

-$13.81M-97.2%

MSCIMSCI

-$17.8M-154%

Equitable HoldingsEQH

-$35M-683%

Lincoln NationalLNC

-$74M+67.4%

Other financials

Income statement

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Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%

Total debt$1.9B+91.9%

Total equity$1.0B-36.7%

Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%

Enterprise value$7.28B-40.4%

P/E14.5×-15.5×

P/S2.3×-2.6×

Profitability

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Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's change in income taxes?: Morningstar (MORN) reported change in income taxes of $20.3M in Q1 2026.
How has Morningstar's change in income taxes changed year-over-year?: Morningstar's change in income taxes increased by 1.0% year-over-year, from $20.1M to $20.3M.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.