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Morningstar MORN Operating Lease Liabilities

Operating Lease Liabilities at other companies

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S&P GlobalSPGI
$452M-11.7%
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$867K-61.9%
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FactSet Research SystemsFDS
$146.98M-6.4%
Moody's logo
Moody'sMCO
$483M+126%
MSCI logo
MSCIMSCI
$138.9M+20.4%

Other financials

Income statement

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Revenue$663.2M+9.6%
Gross profit$423.9M+13.2%
Operating income$160.6M+28.4%
Net income$107.8M+21.1%
EPS (diluted)$2.83+35.4%

Balance sheet

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Cash & equivalents$489.5M-2.8%
Total debt$1.9B+86.0%
Total equity$1.0B-36.6%
Total assets$3.9B+8.7%

Cash flow

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Operating cash flow$155.7M+57.3%
CapEx$33.2M-9.3%
Free cash flow$122.5M+96.3%

Valuation

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Market cap$7.37B-32.8%
Enterprise value$8.81B-23.4%
P/E17.5×-9.6×
P/S2.9×-1.8×

Profitability

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Gross margin62.2%+1.3pp
Operating margin23.5%+1.3pp
Net margin16.4%-0.8pp
FCF margin19.4%+2.8pp

Returns & leverage

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Return on equity32%+5.4pp
Debt / equity1.9×+1.2×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Morningstar’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001289419-26-000041
(in millions, except share amounts)As of June 30, 2026 (unaudited)As of December 31, 2025
Income tax payable14.724.0
Other current liabilities4.09.3
Total current liabilities980.31,053.3
Operating lease liabilities149.7146.7
Accrued compensation20.220.1
Deferred tax liabilities, net22.127.2
Long-term debt1,695.11,072.6
Deferred revenue19.121.0

Item 1.Financial Statements

FAQ

What is Morningstar's operating lease liabilities?
Morningstar (MORN) reported operating lease liabilities of $149.7M in Q2 2026.
How has Morningstar's operating lease liabilities changed year-over-year?
Morningstar's operating lease liabilities decreased by 4.0% year-over-year, from $155.9M to $149.7M.
What is the long-term trend for Morningstar's operating lease liabilities?
Over 5 years (2020 to 2025), Morningstar's operating lease liabilities has grown at a 1.3% compound annual growth rate (CAGR), from $137.7M to $146.7M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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