SuperworthMorningstar profit margin MORN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 16.4%
- Operating margin, 12 months
- 23.5%
- Net margin on a year earlier
- −0.8 pts
- Peer median
- 20.4%
Over the twelve months to Jun 30, 2026, Morningstar kept 16.4% of its revenue as net profit, with an operating margin of 23.5% and a gross margin of 62.2%.
Five years earlier its net margin was 15.5%.
The median for 10 asset managers of a similar size is 20.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 15.3% | 21.5% | 61.0% |
| FY2024 | 16.3% | 21.3% | 60.6% |
| FY2023 | 6.9% | 11.3% | 58.6% |
| FY2022 | 3.8% | 9.0% | 58.3% |
| FY2021 | 11.4% | 15.1% | 58.9% |
| FY2020 | 16.1% | 15.5% | 60.0% |
| FY2019 | 12.9% | 16.1% | 59.0% |
| FY2018 | 17.9% | 21.2% | 59.7% |
| FY2017 | 15.0% | 18.6% | 57.6% |
| FY2016 | 20.2% | 22.6% | 56.9% |
| FY2015 | 16.8% | 24.2% | 58.1% |
| FY2014 | 10.3% | 13.9% | 58.1% |
| FY2013 | 17.7% | 24.4% | 61.1% |
| FY2012 | 16.4% | 22.9% | 68.4% |
| FY2011 | 15.6% | 21.9% | 71.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 16.4% | −0.8 pts | 23.5% | |
| Q1 FY26 | 16.1% | −0.5 pts | 22.7% | |
| Q4 FY25 | 15.3% | −1.0 pts | 21.5% | |
| Q3 FY25 | 15.7% | +1.0 pts | 22.3% | |
| Q2 FY25 | 17.2% | +5.9 pts | 22.3% | |
| Q1 FY25 | 16.6% | +6.5 pts | 21.9% | |
| Q4 FY24 | 16.3% | +9.3 pts | 21.3% | |
| Q3 FY24 | 14.7% | +11.1 pts | 18.5% | |
| Q2 FY24 | 11.3% | +10.2 pts | 16.9% | |
| Q1 FY24 | 10.1% | +9.2 pts | 14.2% | |
| Q4 FY23 | 6.9% | +3.2 pts | 11.3% | |
| Q3 FY23 | 3.6% | −3.1 pts | 8.7% |
Against its peers
Companies in Asset Management nearest Morningstar's size, closest first, today.
| Company | Profit margin |
|---|---|
| MORNMorningstar | 16.4% |
| IDCCInterDigital | 38.3% |
| HLIHoulihan Lokey | 16.1% |
| EVREvercore | 15.7% |
| AMGAffiliated Managers | 37.7% |
| VCTRVictory Capital | 29.6% |
| DLBDolby Laboratories | 16.7% |
| CGCarlyle | 10.1% |
| OWLBlue OWL Capital | 2.7% |
| HASIHA Sustainable Infrastructure Capital | 24.1% |
| HLNEHamilton Lane INC | 32.1% |
| Peer median | 20.4% |
Where Morningstar ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Morningstar
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.