Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
171.76
-0.72 (-0.42%)
Jul 20, 2026, 4:00 PM EDT - Market closed
Revenue Breakdown
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | Jun '20 Jun 30, 2020 |
License-Based Revenue | 444.90M | |||||||||||||||||||||||
License-Based Revenue Growth | 6.44% | |||||||||||||||||||||||
Asset-Based Revenue | 95.10M | |||||||||||||||||||||||
Asset-Based Revenue Growth | 10.97% | |||||||||||||||||||||||
Transaction-Based Revenue | 104.80M | |||||||||||||||||||||||
Transaction-Based Revenue Growth | 34.02% | |||||||||||||||||||||||
Revenue (Total) | 644.80M | |||||||||||||||||||||||
Revenue (Total) Growth | 10.81% |
Revenue Breakdown 3
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | Jun '20 Jun 30, 2020 |
Morningstar Data and Analytics Revenue | 215.20M | |||||||||||||||||||||||
Morningstar Data and Analytics Revenue Growth | 8.03% | |||||||||||||||||||||||
PitchBook Revenue (Post-FY2023 Reporting) | 172.40M | |||||||||||||||||||||||
PitchBook Revenue (Post-FY2023 Reporting) Growth | 5.32% | |||||||||||||||||||||||
Morningstar Credit Revenue | 101.00M | |||||||||||||||||||||||
Morningstar Credit Revenue Growth | 38.36% | |||||||||||||||||||||||
Morningstar Wealth Revenue | 58.00M | |||||||||||||||||||||||
Morningstar Wealth Revenue Growth | -5.38% | |||||||||||||||||||||||
Morningstar Retirement Revenue (Post-FY2023 Reporting) | 38.80M | |||||||||||||||||||||||
Morningstar Retirement Revenue (Post-FY2023 Reporting) Growth | 17.93% | |||||||||||||||||||||||
Corporate and All Other Revenue | 59.40M | |||||||||||||||||||||||
Corporate and All Other Revenue Growth | 14.67% | |||||||||||||||||||||||
Revenue (Total) | 644.80M | |||||||||||||||||||||||
Revenue (Total) Growth | 10.81% |
Adjusted EBIT
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | Jun '20 Jun 30, 2020 |
Morningstar Data and Analytics Adjusted Operating Income | 91.00M | |||||||||||||||||||||||
Morningstar Data and Analytics Adjusted Operating Income Growth | 4.48% | |||||||||||||||||||||||
PitchBook Adjusted Operating Income (Post-FY2023 Reporting) | 51.60M | |||||||||||||||||||||||
PitchBook Adjusted Operating Income (Post-FY2023 Reporting) Growth | -1.34% | |||||||||||||||||||||||
Morningstar Credit Adjusted Operating Income | 41.20M | |||||||||||||||||||||||
Morningstar Credit Adjusted Operating Income Growth | 92.52% | |||||||||||||||||||||||
Morningstar Wealth Adjusted Operating Income | 5.60M | |||||||||||||||||||||||
Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) | 19.80M | |||||||||||||||||||||||
Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) Growth | 35.62% | |||||||||||||||||||||||
Corporate and All Other Adjusted Operating Income | -30.60M | |||||||||||||||||||||||
Operating Income (Other) | -22.70M | |||||||||||||||||||||||
Operating Income (Total) | 155.90M | |||||||||||||||||||||||
Operating Income (Total) Growth | 36.63% |
Key Performance Indicators
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | Jun '20 Jun 30, 2020 |
Managed Accounts Assets Under Management / Advisement | 191.70B | |||||||||||||||||||||||
Managed Accounts Assets Under Management / Advisement Growth | 17.75% | |||||||||||||||||||||||
Fiduciary Services Assets Under Management / Advisement | 73.50B | |||||||||||||||||||||||
Fiduciary Services Assets Under Management / Advisement Growth | 12.04% | |||||||||||||||||||||||
Custom Models / CIT Assets Under Management / Advisement | 44.80B | |||||||||||||||||||||||
Custom Models / CIT Assets Under Management / Advisement Growth | -8.94% | |||||||||||||||||||||||
Total Workplace Solutions Assets Under Management / Advisement | 310.00B | |||||||||||||||||||||||
Total Workplace Solutions Assets Under Management / Advisement Growth | 11.67% | |||||||||||||||||||||||
Morningstar Managed Portfolios Assets Under Management / Advisement | 51.90B | |||||||||||||||||||||||
Morningstar Managed Portfolios Assets Under Management / Advisement Growth | 16.63% | |||||||||||||||||||||||
Institutional Asset Management Assets Under Management / Advisement | 5.90B | |||||||||||||||||||||||
Institutional Asset Management Assets Under Management / Advisement Growth | -14.49% | |||||||||||||||||||||||
Asset Allocation Services Assets Under Management / Advisement | 2.60B | |||||||||||||||||||||||
Asset Allocation Services Assets Under Management / Advisement Growth | -79.03% | |||||||||||||||||||||||
Total Investment Management Assets Under Management / Advisement | 60.40B | |||||||||||||||||||||||
Total Investment Management Assets Under Management / Advisement Growth | -5.33% | |||||||||||||||||||||||
Asset Value Linked to Morningstar Indexes | 3.17T | |||||||||||||||||||||||
Asset Value Linked to Morningstar Indexes Growth | 1418.97% | |||||||||||||||||||||||
Average Assets Under Management / Advisement | 374.20B | |||||||||||||||||||||||
Average Assets Under Management / Advisement Growth | 10.12% |