Morningstar, Inc. (FRA:MRS)
Germany flag Germany · Delayed Price · Currency is EUR
272.00
-4.00 (-1.45%)
Last updated: May 13, 2025

Revenue by Product

Fiscal year is January - December.
Fiscal Year
TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
Mar '25 Dec '24 Dec '23 Dec '22 Dec '21
License-Based
1.64B
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License-Based Growth
5.74%
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Asset-Based
341.90M
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Asset-Based Growth
17.37%
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Transaction-Based
329.40M
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Transaction-Based Growth
28.32%
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Morningstar Data
-
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Morningstar Data Growth
-
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Morningstar Direct
-
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Morningstar Direct Growth
-
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Morningstar Retirement
-
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Morningstar Retirement Growth
-
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Investment Management
-
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Investment Management Growth
-
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Morningstar Advisor Workstation
-
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Morningstar Advisor Workstation Growth
-
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DBRS Morningstar
-
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DBRS Morningstar Growth
-
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PitchBook
-
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PitchBook Growth
-
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Morningstar Sustainalytics
-
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Morningstar Sustainalytics Growth
-
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Morningstar Data and Analytics
790.60M
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Morningstar Data and Analytics Growth
3.47%
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PitchBook Revenue (Post-FY2023 Reporting)
634.50M
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PitchBook Revenue (Post-FY2023 Reporting) Growth
11.63%
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Morningstar Credit
303.80M
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Morningstar Credit Growth
32.72%
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Morningstar Wealth
250.70M
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Morningstar Wealth Growth
7.14%
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Morningstar Retirement Revenue (Post-FY2023 Reporting)
131.60M
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Morningstar Retirement Revenue (Post-FY2023 Reporting) Growth
15.74%
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Corporate and All Other
203.00M
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Corporate and All Other Growth
5.40%
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Revenue by Geography

Fiscal year is January - December.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21
United States
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United States Growth
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Asia
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Asia Growth
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Australia
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Australia Growth
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Canada
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Canada Growth
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Continental Europe
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Continental Europe Growth
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United Kingdom
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United Kingdom Growth
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Other Regional
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Other Regional Growth
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Total International
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Total International Growth
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Other

Fiscal year is January - December.
Fiscal Year
TTM FY 2024 FY 2023 FY 2022 FY 2021
Period Ending
Mar '25 Dec '24 Dec '23 Dec '22 Dec '21
Morningstar Data and Analytics Adjusted Operating Income
351.30M
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Morningstar Data and Analytics Adjusted Operating Income Growth
-4.50%
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PitchBook Adjusted Operating Income (Post-FY2023 Reporting)
198.70M
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PitchBook Adjusted Operating Income (Post-FY2023 Reporting) Growth
30.75%
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Morningstar Credit Adjusted Operating Income
84.70M
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Morningstar Credit Adjusted Operating Income Growth
73.98%
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Morningstar Wealth Adjusted Operating Income
-4.50M
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Morningstar Wealth Adjusted Operating Income Growth
-85.71%
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Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting)
66.00M
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Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) Growth
2.82%
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Corporate and All Other Adjusted Operating Income
-177.80M
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Corporate and All Other Adjusted Operating Income Growth
-5.08%
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Managed Accounts Assets Under Management / Advisement
162.80B
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Managed Accounts Assets Under Management / Advisement Growth
19.62%
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Fiduciary Services Assets Under Management / Advisement
65.60B
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Fiduciary Services Assets Under Management / Advisement Growth
13.49%
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Custom Models / CIT Assets Under Management / Advisement
49.20B
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Custom Models / CIT Assets Under Management / Advisement Growth
17.14%
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Total Workplace Solutions Assets Under Management / Advisement
277.60B
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Total Workplace Solutions Assets Under Management / Advisement Growth
17.68%
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Average Assets Under Management / Advisement
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Average Assets Under Management / Advisement Growth
17.29%
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Morningstar Direct Licenses
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Morningstar Direct Licenses Growth
-
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Morningstar Investor Memberships
-
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Morningstar Investor Memberships Growth
-
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Revenue Renewal Rates for License-Based Products and Services
-
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Revenue Renewal Rates for License-Based Products and Services Growth
-
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Morningstar Managed Portfolios Assets Under Management / Advisement
44.50B
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Morningstar Managed Portfolios Assets Under Management / Advisement Growth
9.61%
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Institutional Asset Management Assets Under Management / Advisement
6.90B
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Institutional Asset Management Assets Under Management / Advisement Growth
-5.48%
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Asset Allocation Services Assets Under Management / Advisement
12.40B
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Asset Allocation Services Assets Under Management / Advisement Growth
27.84%
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Total Investment Management Assets Under Management / Advisement
63.80B
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Total Investment Management Assets Under Management / Advisement Growth
10.76%
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Asset Value Linked to Morningstar Indexes
208.70B
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Asset Value Linked to Morningstar Indexes Growth
9.73%
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PitchBook Platform Licenses
-
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PitchBook Platform Licenses Growth
-
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