Morningstar, Inc.

MORN Financial Financial Data & Stock Exchanges

Morningstar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 7.49% from fiscal 2024.

Revenue
+9.60%
EPS
+35.1%
Free cash flow
+96.3%
Total debt
+104.3%

Quarter to June 2026, against a year earlier

226.19 3.65 +1.64%
Market cap
$8.3B
P/E
21.4×
Fwd P/E
19.7×
Dividend yield
0.88%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Jun '26 Mar '26 Dec '25 Sep '25 Older periods
Revenue
663.20 644.80 641.10 617.40

+8 more quarters

Revenue Growth
9.60% 10.81% 8.48% 8.43%
Gross Profit
423.90 405.90 391.90 375.70
Operating Income
160.60 155.90 159.60 127.80
EBT
147.00 141.80 150.90 123.10
Income after Tax
108.70 107.20 114.50 91.70
Net Income Common
107.80 107.10 115.10 91.60
EPS (Diluted)
2.83 2.73 2.83 2.17
Shares (Diluted, Weighted)
38.10 39.30 42.20 42.30
Gross Margin
63.92% 62.95% 61.13% 60.85%
EBIT Margin
24.22% 24.18% 24.89% 20.70%
Net Profit Margin
16.25% 16.61% 17.95% 14.84%
EBITDA
214.10 207.60 206.70 174.80
EBIT
160.60 155.90 159.60 127.80

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In millions of $ except per-share values · columns are period end dates