stockrowMorningstar, 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
- +8.86%
- EPS
- +41.7%
- Free cash flow
- −2.94%
- Total debt
- +97.8%
Quarter to September 2026, against a year earlier
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Morningstar, Inc. (MORN) Operating margin
Morningstar, Inc.'s operating margin over the twelve months to 30 September 2026 was 24.6%, up 3.0 percentage points from fiscal 2025 (21.5%). Over the past ten years it has ranged from 8.97% (fiscal 2022) to 24.2% (fiscal 2015); the current reading is higher than 82% of that period. That is below the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 21.5% | 0.22 |
| FY2024 | 21.3% | 10.00 |
| FY2023 | 11.3% | 2.34 |
| FY2022 | 8.97% | (6.15) |
| FY2021 | 15.1% | (0.37) |
| FY2020 | 15.5% | (0.59) |
| FY2019 | 16.1% | (5.08) |
| FY2018 | 21.2% | 2.54 |
| FY2017 | 18.6% | (4.02) |
| FY2016 | 22.6% | (1.52) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 24.9% | 0.69 |
| Jun 2026 | 24.2% | 0.04 |
| Mar 2026 | 24.2% | (0.71) |
| Dec 2025 | 24.9% | 4.19 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MSCI MSCI Inc compare | 55.7% |
| ICE Intercontinental Exchange Inc. compare | 52.3% |
| MCO Moody's Corporation compare | 44.6% |
| CBOE Cboe Global Markets, Inc. compare | 36.4% |
| NDAQ Nasdaq, Inc. compare | 29.9% |
| FDS FactSet Research Systems Inc. compare | 28.3% |
| MORN Morningstar, Inc. | 24.6% |
| TRU TransUnion compare | 19.3% |
| COIN Coinbase Global, Inc. compare | 3.56% |
| Financial Data & Stock Exchanges industry median | 29.1% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MORN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement