Morningstar, Inc. (MORN)

NASDAQ: MORN · Real-Time Price · USD
172.41
+9.47 (5.81%)
Feb 25, 2026, 4:00 PM EST - Market closed
Market Cap6.82B -51.2%
Revenue (ttm)2.45B +7.5%
Net Income374.20M +1.2%
EPS8.87 +3.4%
Shares Out 39.58M
PE Ratio19.44
Forward PE15.17
Dividend$2.00 (1.16%)
Ex-Dividend DateApr 2, 2026
Volume933,735
Open163.21
Previous Close162.94
Day's Range161.66 - 173.18
52-Week Range149.08 - 325.62
Beta1.09
AnalystsStrong Buy
Price Target256.50 (+48.77%)
Earnings DateFeb 12, 2026

About MORN

Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities; Morningstar Direct, an investmen... [Read more]

Sector Financials
IPO Date May 3, 2005
Employees 10,937
Stock Exchange NASDAQ
Ticker Symbol MORN
Full Company Profile

Financial Performance

In 2025, Morningstar's revenue was $2.45 billion, an increase of 7.49% compared to the previous year's $2.28 billion. Earnings were $374.20 million, an increase of 1.16%.

Financial Statements

Analyst Summary

According to 2 analysts, the average rating for MORN stock is "Strong Buy." The 12-month stock price target is $256.5, which is an increase of 48.77% from the latest price.

Price Target
$256.5
(48.77% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Morningstar Names Scott Brown as President of Direct Platform Business

CHICAGO--(BUSINESS WIRE)--Morningstar has appointed Scott Brown as President, Direct Platform, effective March 2, 2026.

6 days ago - Business Wire

Morningstar Retirement and Alta Trust Company Launch Foundation Series Collective Investment Trusts to Expand Access to Professionally Managed Retirement Portfolios

CHICAGO--(BUSINESS WIRE)--Morningstar Retirement, part of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced a strategic collaboration with Alta T...

6 days ago - Business Wire

Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2025 Financial Results

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, reported solid fourth-quarter revenue growth with increases in operating and free cas...

13 days ago - Business Wire

Baron Financials ETF Q4 2025 Portfolio Activity

During the quarter, the Fund invested in Morgan Stanley, a leading global investment bank and wealth management firm. The Fund also participated in the IPO of Neptune Insurance Holdings Inc., the lead...

16 days ago - Seeking Alpha

Morningstar Completes Acquisition of CRSP and Extends Relationship with Vanguard

CHICAGO--(BUSINESS WIRE)--Morningstar completes the CRSP acquisition, uniting two trusted sources of market insight & positioning Morningstar as a top-tier index provider.

23 days ago - Business Wire

Morningstar, Inc. to Announce Fourth-Quarter and Full-Year 2025 Financial Results on Feb. 12

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), plans to report its fourth-quarter and full-year 2025 financial results after the market closes on Thursday, Feb. 12, 2026. The company does...

5 weeks ago - Business Wire

Morningstar Launches First Pure-Play Generative AI Index

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights, today announced the Morningstar PitchBook GenAI 20 Index. This first-of-its-kind benc...

5 weeks ago - Business Wire

Morningstar Appointed by PIMFA as New Sole Index Series Provider

LONDON--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent insights and index solutions, today announced an agreement with the Personal Investment Management and Fina...

6 weeks ago - Business Wire

Morningstar Launches New Managed Accounts Research Series and Defined Contribution Outcomes Model

CHICAGO--(BUSINESS WIRE)--The Morningstar Center for Retirement & Policy Studies, part of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the l...

6 weeks ago - Business Wire

Anne Bramman Elected to Morningstar's Board of Directors

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced that Anne Bramman has been elected to Morningstar's board of director...

7 weeks ago - Business Wire

The Bottom Fishing Club: Morningstar's Valuation + Future Growth = Turnaround Play

Morningstar offers a rare combination of undervaluation and sector-leading EPS growth, trading at a P/E of ~20x 2026 estimates. MORN's EV/EBITDA under 14x and FCF yield of 4.2% position it as the most...

2 months ago - Seeking Alpha

New Quarterly Report from Morningstar and PitchBook Brings Transparency to Rapidly Expanding Evergreen Fund Universe

CHICAGO & SEATTLE--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, and PitchBook, a Morningstar company and a leading private capital market i...

2 months ago - Business Wire

Morningstar and PitchBook Bring Trusted Investing Intelligence to Apps in ChatGPT

CHICAGO & SEATTLE--(BUSINESS WIRE)--Morningstar and PitchBook's app integrations are live, enabling licensed users to access proprietary data and insights securely within apps in ChatGPT.

2 months ago - Business Wire

Morningstar Could Finally Be Undervalued

Morningstar appears slightly undervalued after a 40%-plus decline, with fundamentals remaining solid and recent results showing continued revenue and operating income growth. Morningstar faces both ri...

2 months ago - Seeking Alpha

Morningstar, Inc. Increases Quarterly Dividend to 50 Cents Per Share

CHICAGO--(BUSINESS WIRE)--The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 50 cents per share, ...

2 months ago - Business Wire

Morningstar Announces Clearer, Simplified Medalist Rating to Empower Investor Success

AMSTERDAM--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced significant updates to its Morningstar Medalist Rating™, its compre...

2 months ago - Business Wire

Morningstar Unleashes AI-Ready Investing Insights in Microsoft AI Tools

CHICAGO--(BUSINESS WIRE)--Morningstar has launched integrations that enable licensed users and firms to access its AI-ready data and research from within Microsoft's AI tools.

3 months ago - Business Wire

Morningstar's 2026 Outlook Report Delivers Global and Regional Insights for Durable Portfolios

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today published its 2026 Outlook, offering an overview of key challenges and opportun...

3 months ago - Business Wire

Baron Asset Fund Q3 2025 Performance Review

Baron Asset Fund underperformed for a second consecutive quarter as U.S. equities continued their strong rally from the market lows reached on April 8. From a sector perspective, stock selection in IT...

3 months ago - Seeking Alpha

Morningstar and PitchBook to Launch Comprehensive Index Suite for Evergreen Private Market Funds

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent insights, today announced the upcoming launch of the Morningstar PitchBook US Evergreen Fund Indexes. With...

4 months ago - Business Wire

Morningstar, Inc. Reports Third-Quarter 2025 Financial Results

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, reported third-quarter revenue growth with increases in operating and adjusted operat...

4 months ago - Business Wire

Morningstar DBRS Expands into Asia Pacific with New Australia Regional Hub

SYDNEY--(BUSINESS WIRE)--Morningstar DBRS, one of the four largest credit rating agencies globally, today announced its official entry into the Asia Pacific region with a new regional hub in Australia...

4 months ago - Business Wire

Morningstar Retirement and NPPG Announce Strategic Integration to Expand Access to Personalized Retirement Services

CHICAGO--(BUSINESS WIRE)--Morningstar Retirement, part of Morningstar, Inc. (Nasdaq: MORN) a leading provider of independent investment insights, today announced a strategic collaboration with NPPG Pl...

4 months ago - Business Wire

Top 3 Financial Stocks That Are Set To Fly In Q4

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: EVTCSAR
4 months ago - Benzinga

Morningstar Publishes 2025 Health Savings Account Landscape With New Provider Assessments and Market Insights

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today published its ninth annual Health Savings Account (HSA) Landscape Report, offer...

4 months ago - Business Wire