What is Morningstar's G&A?

Morningstar (MORN) reported G&A of $84M in Q1 2026.

How has Morningstar's G&A changed year-over-year?

Morningstar's G&A increased by 9.8% year-over-year, from $76.5M to $84M.

What is the long-term trend for Morningstar's G&A?

Over 4 years (2021 to 2025), Morningstar's G&A has grown at a 1.2% compound annual growth rate (CAGR), from $318.4M to $334M.

Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

Morningstar MORN G&A

G&A at other companies

MSCIMSCI

$69M+20.8%

BlackrockBLK

$674M+9.6%

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:GeneralAndAdministrativeExpense.

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 G&A?: Morningstar (MORN) reported G&A of $84M in Q1 2026.
How has Morningstar's G&A changed year-over-year?: Morningstar's G&A increased by 9.8% year-over-year, from $76.5M to $84M.
What is the long-term trend for Morningstar's G&A?: Over 4 years (2021 to 2025), Morningstar's G&A has grown at a 1.2% compound annual growth rate (CAGR), from $318.4M to $334M.
What does G&A mean?: Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.