Morningstar, Inc. (FRA:MRS)
Germany · Delayed Price · Currency is EUR 177.00
-1.00 (-0.56%)
Last updated: Jan 26, 2026, 9:55 AM CET
Morningstar Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| 2,395 | 2,275 | 2,039 | 1,871 | 1,699 | 1,390 | |
Revenue Growth (YoY) | 7.76% | 11.60% | 8.98% | 10.08% | 22.30% | 17.85% |
Cost of Revenue | 935.9 | 895.7 | 843.5 | 779.3 | 698.4 | 556.4 |
Gross Profit | 1,460 | 1,379 | 1,195 | 1,091 | 1,001 | 833.1 |
Selling, General & Admin | 798.4 | 768.2 | 779.6 | 731 | 593.2 | 478.4 |
Operating Expenses | 988.3 | 958.6 | 964.5 | 897.6 | 743.9 | 617.9 |
Operating Income | 471.2 | 420.8 | 230.6 | 193.7 | 257 | 215.2 |
Interest Expense | -39.3 | -49.9 | -60.7 | -28.4 | -8.7 | -9.5 |
Interest & Investment Income | 12.5 | 12.2 | 9 | - | - | - |
Earnings From Equity Investments | -16 | -17.4 | -19.2 | -3.6 | 5.4 | 0.3 |
Currency Exchange Gain (Loss) | -4.9 | -4.9 | 11.5 | -6.7 | -3.7 | -5.7 |
EBT Excluding Unusual Items | 427.2 | 360.8 | 171.2 | 155 | 250 | 200.3 |
Merger & Restructuring Charges | - | - | - | -25.9 | - | - |
Gain (Loss) on Sale of Investments | 3.8 | 3.8 | 2.9 | -2.1 | 5.9 | 83 |
Gain (Loss) on Sale of Assets | 64 | 109.3 | - | - | - | - |
Pretax Income | 495 | 473.9 | 174.1 | 127 | 255.9 | 283.3 |
Income Tax Expense | 119 | 104 | 33 | 56.5 | 62.6 | 59.7 |
Earnings From Continuing Operations | 376 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 |
Net Income | 376 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 |
Net Income to Common | 376 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 |
Net Income Growth | 15.16% | 162.16% | 100.14% | -63.53% | -13.55% | 47.11% |
Shares Outstanding (Basic) | 43 | 43 | 43 | 43 | 43 | 43 |
Shares Outstanding (Diluted) | 43 | 43 | 43 | 43 | 43 | 43 |
Shares Change (YoY) | -0.93% | 0.47% | - | -1.15% | 0.46% | - |
EPS (Basic) | 8.85 | 8.64 | 3.31 | 1.65 | 4.50 | 5.21 |
EPS (Diluted) | 8.80 | 8.58 | 3.29 | 1.64 | 4.45 | 5.18 |
EPS Growth | 16.18% | 160.79% | 100.61% | -63.15% | -14.09% | 47.16% |
Free Cash Flow | 394.1 | 448.9 | 197.3 | 168.3 | 348.1 | 307.6 |
Free Cash Flow Per Share | 9.22 | 10.41 | 4.60 | 3.92 | 8.02 | 7.12 |
Dividend Per Share | 1.815 | 1.670 | 1.530 | 1.460 | 1.310 | 1.220 |
Dividend Growth | 12.04% | 9.15% | 4.79% | 11.45% | 7.38% | 7.02% |
Gross Margin | 60.93% | 60.63% | 58.62% | 58.34% | 58.90% | 59.96% |
Operating Margin | 19.67% | 18.50% | 11.31% | 10.36% | 15.12% | 15.49% |
Profit Margin | 15.70% | 16.26% | 6.92% | 3.77% | 11.38% | 16.09% |
Free Cash Flow Margin | 16.45% | 19.73% | 9.68% | 9.00% | 20.48% | 22.14% |
EBITDA | 567.5 | 516.3 | 334.3 | 296 | 347.8 | 300.8 |
EBITDA Margin | 23.69% | 22.69% | 16.40% | 15.82% | 20.47% | 21.65% |
D&A For EBITDA | 96.3 | 95.5 | 103.7 | 102.3 | 90.8 | 85.6 |
EBIT | 471.2 | 420.8 | 230.6 | 193.7 | 257 | 215.2 |
EBIT Margin | 19.67% | 18.50% | 11.31% | 10.36% | 15.12% | 15.49% |
Effective Tax Rate | 24.04% | 21.95% | 18.95% | 44.49% | 24.46% | 21.07% |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.