Morningstar, Inc. (MORN)

Morningstar Revenue

Morningstar had revenue of $617.40M in the quarter ending September 30, 2025, with 8.43% growth. This brings the company's revenue in the last twelve months to $2.40B, up 7.76% year-over-year. In the year 2024, Morningstar had annual revenue of $2.28B with 11.60% growth.

• Revenue (ttm): $2.40B
• Revenue Growth: +7.76%
• P/S Ratio: 3.72
• Revenue / Employee: $216,094
• Employees: 11,085
• Market Cap: 8.63B

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2024	2.28B	236.50M	11.60%
Dec 31, 2023	2.04B	168.00M	8.98%
Dec 31, 2022	1.87B	171.30M	10.08%
Dec 31, 2021	1.70B	309.80M	22.30%
Dec 31, 2020	1.39B	210.50M	17.85%
Dec 31, 2019	1.18B	159.10M	15.60%
Dec 31, 2018	1.02B	108.20M	11.87%
Dec 31, 2017	911.70M	113.10M	14.16%
Dec 31, 2016	798.60M	9.80M	1.24%
Dec 31, 2015	788.80M	28.70M	3.78%
Dec 31, 2014	760.10M	61.80M	8.85%
Dec 31, 2013	698.30M	40.01M	6.08%
Dec 31, 2012	658.29M	26.89M	4.26%
Dec 31, 2011	631.40M	76.05M	13.69%
Dec 31, 2010	555.35M	76.36M	15.94%
Dec 31, 2009	479.00M	-23.46M	-4.67%
Dec 31, 2008	502.46M	67.35M	15.48%
Dec 31, 2007	435.11M	119.93M	38.05%
Dec 31, 2006	315.18M	88.06M	38.77%
Dec 31, 2005	227.11M	-	-