Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
288.53
-2.53 (-0.87%)
At close: Jul 18, 2025, 4:00 PM
289.36
+0.83 (0.29%)
After-hours: Jul 18, 2025, 6:58 PM EDT
Revenue by Product
Fiscal year is January - December.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2012 - 2019 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2012 - 2019 |
License-Based | 1.63B | Log In | Log In | Log In | Log In | Upgrade |
License-Based Growth | 5.74% | Log In | Log In | Log In | Log In | Upgrade |
Asset-Based | 333.20M | Log In | Log In | Log In | Log In | Upgrade |
Asset-Based Growth | 17.37% | Log In | Log In | Log In | Log In | Upgrade |
Transaction-Based | 316.80M | Log In | Log In | Log In | Log In | Upgrade |
Transaction-Based Growth | 28.32% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Data | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Data Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Direct | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Direct Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Other | - | Log In | Log In | Log In | Log In | Upgrade |
Other Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Investment Management | - | Log In | Log In | Log In | Log In | Upgrade |
Investment Management Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Advisor Workstation | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Advisor Workstation Growth | - | Log In | Log In | Log In | Log In | Upgrade |
DBRS Morningstar | - | Log In | Log In | Log In | Log In | Upgrade |
DBRS Morningstar Growth | - | Log In | Log In | Log In | Log In | Upgrade |
PitchBook | - | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Sustainalytics | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Sustainalytics Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Data and Analytics | 788.10M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Data and Analytics Growth | 3.47% | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Revenue (Post-FY2023 Reporting) | 618.40M | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Revenue (Post-FY2023 Reporting) Growth | 11.63% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Credit | 291.10M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Credit Growth | 32.72% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Wealth | 248.40M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Wealth Growth | 7.14% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement Revenue (Post-FY2023 Reporting) | 127.10M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement Revenue (Post-FY2023 Reporting) Growth | 15.74% | Log In | Log In | Log In | Log In | Upgrade |
Corporate and All Other | 202.00M | Log In | Log In | Log In | Log In | Upgrade |
Corporate and All Other Growth | 5.40% | Log In | Log In | Log In | Log In | Upgrade |
Revenue by Geography
Fiscal year is January - December.
Fiscal Year | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2011 - 2018 |
|---|---|---|---|---|---|
Period Ending | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2011 - 2018 |
United States | Log In | Log In | Log In | Log In | Upgrade |
United States Growth | Log In | Log In | Log In | Log In | Upgrade |
Asia | Log In | Log In | Log In | Log In | Upgrade |
Asia Growth | Log In | Log In | Log In | Log In | Upgrade |
Australia | Log In | Log In | Log In | Log In | Upgrade |
Australia Growth | Log In | Log In | Log In | Log In | Upgrade |
Canada | Log In | Log In | Log In | Log In | Upgrade |
Canada Growth | Log In | Log In | Log In | Log In | Upgrade |
Continental Europe | Log In | Log In | Log In | Log In | Upgrade |
Continental Europe Growth | Log In | Log In | Log In | Log In | Upgrade |
United Kingdom | Log In | Log In | Log In | Log In | Upgrade |
United Kingdom Growth | Log In | Log In | Log In | Log In | Upgrade |
Other Regional | Log In | Log In | Log In | Log In | Upgrade |
Other Regional Growth | Log In | Log In | Log In | Log In | Upgrade |
Other
Fiscal year is January - December.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2012 - 2019 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2012 - 2019 |
Morningstar Data and Analytics Adjusted Operating Income | 355.40M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Data and Analytics Adjusted Operating Income Growth | -4.50% | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Adjusted Operating Income (Post-FY2023 Reporting) | 186.40M | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Adjusted Operating Income (Post-FY2023 Reporting) Growth | 30.75% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Credit Adjusted Operating Income | 75.60M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Credit Adjusted Operating Income Growth | 73.98% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Wealth Adjusted Operating Income | -9.30M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Wealth Adjusted Operating Income Growth | -85.71% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) | 65.60M | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) Growth | 2.82% | Log In | Log In | Log In | Log In | Upgrade |
Corporate and All Other Adjusted Operating Income | -179.90M | Log In | Log In | Log In | Log In | Upgrade |
Corporate and All Other Adjusted Operating Income Growth | -5.08% | Log In | Log In | Log In | Log In | Upgrade |
Managed Accounts Assets Under Management / Advisement | 160.40B | Log In | Log In | Log In | Log In | Upgrade |
Managed Accounts Assets Under Management / Advisement Growth | 19.62% | Log In | Log In | Log In | Log In | Upgrade |
Fiduciary Services Assets Under Management / Advisement | 65.80B | Log In | Log In | Log In | Log In | Upgrade |
Fiduciary Services Assets Under Management / Advisement Growth | 13.49% | Log In | Log In | Log In | Log In | Upgrade |
Custom Models / CIT Assets Under Management / Advisement | 49.70B | Log In | Log In | Log In | Log In | Upgrade |
Custom Models / CIT Assets Under Management / Advisement Growth | 17.14% | Log In | Log In | Log In | Log In | Upgrade |
Average Assets Under Management / Advisement | 312.40B | Log In | Log In | Log In | Log In | Upgrade |
Average Assets Under Management / Advisement Growth | 17.29% | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Direct Licenses | 18.76K | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Direct Licenses Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Investor Memberships | 97.31K | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Investor Memberships Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Revenue Renewal Rates for License-Based Products and Services | 100.00 | Log In | Log In | Log In | Log In | Upgrade |
Revenue Renewal Rates for License-Based Products and Services Growth | - | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Managed Portfolios Assets Under Management / Advisement | 43.80B | Log In | Log In | Log In | Log In | Upgrade |
Morningstar Managed Portfolios Assets Under Management / Advisement Growth | 9.61% | Log In | Log In | Log In | Log In | Upgrade |
Institutional Asset Management Assets Under Management / Advisement | 7.00B | Log In | Log In | Log In | Log In | Upgrade |
Institutional Asset Management Assets Under Management / Advisement Growth | -5.48% | Log In | Log In | Log In | Log In | Upgrade |
Asset Allocation Services Assets Under Management / Advisement | 11.50B | Log In | Log In | Log In | Log In | Upgrade |
Asset Allocation Services Assets Under Management / Advisement Growth | 27.84% | Log In | Log In | Log In | Log In | Upgrade |
Asset Value Linked to Morningstar Indexes | 210.90B | Log In | Log In | Log In | Log In | Upgrade |
Asset Value Linked to Morningstar Indexes Growth | 9.73% | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Platform Licenses | 125.49K | Log In | Log In | Log In | Log In | Upgrade |
PitchBook Platform Licenses Growth | - | Log In | Log In | Log In | Log In | Upgrade |