Morningstar, Inc. (MORN)

NASDAQ: MORN · Real-Time Price · USD
182.85
-1.02 (-0.55%)
Mar 18, 2026, 11:15 AM EDT - Market open
Market Cap7.24B -46.1%
Revenue (ttm)2.45B +7.5%
Net Income374.20M +1.2%
EPS8.87 +3.4%
Shares Out 39.58M
PE Ratio20.73
Forward PE16.18
Dividend$2.00 (1.09%)
Ex-Dividend DateApr 2, 2026
Volume82,744
Open182.88
Previous Close183.87
Day's Range180.53 - 183.77
52-Week Range149.08 - 316.71
Beta1.11
AnalystsStrong Buy
Price Target256.50 (+40.28%)
Earnings DateApr 29, 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 40.28% from the latest price.

Price Target
$256.5
(40.28% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Morningstar, Inc. Declares Quarterly Dividend of 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, ...

4 days ago - Business Wire

Morningstar: Wonderful Price And At Least A Fair Business

Morningstar is now trading below $200 and reached my preferred entry point, making it clearly undervalued and a solid "Buy." AI-related risks are real but primarily affect license-based services. Core...

4 days ago - Seeking Alpha

Morningstar: A Gold Star Opportunity

Morningstar trades at a discount to fair value, offering compelling upside potential with a projected 65.8% return by March 2027. MORN posted Q4 2025 revenue growth of 8.5% and non-GAAP EPS up 26.6%, ...

5 days ago - Seeking Alpha

PitchBook Announces New Essential MCP Integration with Perplexity, Expanding Access to AI-Powered, Verifiable Market Intelligence

SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence platform, today announced a new partnership with Perplexity, the leading AI-answer engine. Through Perplexity's new...

5 days ago - Business Wire

Morningstar Credit Analytics Launches Credit Models and ‘Bring Your Own Loan' Analysis

CHICAGO--(BUSINESS WIRE)--Morningstar Credit Analytics Launches Credit Models and ‘Bring Your Own Loan' Analysis.

6 days ago - Business Wire

Morningstar Unveils Agenda for 2026 Morningstar Investment Conference

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the agenda for its 38th annual Morningstar Investment Conference, tak...

8 days ago - Business Wire

Morningstar Introduces AI Assistant Built into the Advisor Workflow

CHICAGO--(BUSINESS WIRE)--Morningstar today introduced an AI assistant embedded in Direct Advisory Suite, its flagship advisor platform.

9 days ago - Business Wire

Morningstar Contributes Nearly $5 Million to University of Illinois Gies College of Business to Bring Real-World Investing Closer to the Classroom

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent insights, today announced a multiyear, nearly $5 million strategic collaboration with the University of Il...

13 days ago - Business Wire

AI Megadeals and Capital Concentration Define 2025 for Female Founders Across US and Europe

SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence provider, today released its 2025 US and European editions of the All In: Female Founders in the VC Ecosystem repor...

13 days ago - Business Wire

Morningstar Sustainalytics: Institutional Investors Signal Rising Demand for ESG Data Integration Amid Market Maturity

LONDON--(BUSINESS WIRE)--Morningstar Sustainalytics, part of Morningstar, Inc. (Nasdaq: MORN), a leading global provider of ESG data, research, and ratings, today released findings from its inaugural ...

15 days ago - Business Wire

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.

27 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...

27 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...

4 weeks 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...

5 weeks 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.

6 weeks 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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...

3 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.

3 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...

3 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, ...

3 months ago - Business Wire