Company / Income Tax
Morningstar, Inc. Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$121.5M
FY2025
5-year range
$33.0M / $121.5M
FY2021-FY2025
Trend
+16.8%
vs FY2024
Sector context
#140 of 403
Financials
What the data says
At $122M, Morningstar, Inc.'s income tax ranks #264 of 403 in the Financials sector. Income Tax has fluctuated over the past 10 years, ranging from $33M in FY2023 to $122M in FY2025.
Based on SEC 10-K filings.
$122M in FY2025 with a 5-year CAGR of +20.5%.
Increased from $33M to $122M over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +26.7%
- 5-Year CAGR
- +20.5%
- 10-Year CAGR
- -
Sector benchmark
#264 of 403 in FinancialsTop 65% of 403This company $121.5M Sector average $353.4M
▼
-65.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +20.5%, indicating consistent growth.
- In FY2025, income tax increased 16.8% year-over-year.
- Ranks #140 out of 403 companies in the Financials sector.
- Lowest income tax in the period was in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $121.5M | +16.8% |
| FY2024 | $104.0M | +215.2% |
| FY2023 | $33.0M | -44.7% |
| FY2022 | $59.7M | +30.9% |
| FY2021 | $45.6M | -4.6% |
| FY2020 | $47.8M | +11.4% |
| FY2019 | $42.9M | -10.3% |
| FY2018 | $47.8M | -23.8% |
| FY2017 | $62.7M | +75.6% |
| FY2016 | $35.7M | -36.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026