Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
258.63
-0.45 (-0.17%)
At close: Aug 15, 2025, 4:00 PM
258.53
-0.10 (-0.04%)
After-hours: Aug 15, 2025, 5:46 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 | 5.71% | 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 | 10.01% | 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 | 20.44% | 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 | 3.60% | 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 | 11.31% | 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 | 23.35% | 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 | 4.82% | 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 | 9.28% | 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 | 1.52% | Log In | Log In | Log In | Log In | Upgrade |
Revenue by Geography
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 |
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 | 10.31% | 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 | 11.63% | 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 | 9.32% | 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 | -236.36% | 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 | -10.98% | 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 | 17.17% | 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 | 14.54% | 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 | 1.12% | 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 | 12.75% | 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 | 13.74% | 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 | 13.88% | 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 | -20.55% | 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 | 34.00% | 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 | 6.45% | 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 |