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) Revenue
Morningstar, Inc.'s revenue for fiscal 2025 was $2.4B, up 7.49% from $2.3B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.6B. Over the past ten years it has ranged from $788.8M (fiscal 2015) to $2.4B (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 10 consecutive fiscal years. Morningstar, Inc. ranks 10th of 14 Financial Data & Stock Exchanges companies by revenue.
Revenue, annual
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Annual newest first
| Period | Revenue | Change |
|---|---|---|
| FY2025 | $2.4B | 7.49% |
| FY2024 | $2.3B | 11.60% |
| FY2023 | $2.0B | 8.98% |
| FY2022 | $1.9B | 10.08% |
| FY2021 | $1.7B | 22.30% |
| FY2020 | $1.4B | 17.85% |
| FY2019 | $1.2B | 15.60% |
| FY2018 | $1.0B | 11.87% |
| FY2017 | $911.7M | 14.16% |
| FY2016 | $798.6M | 1.24% |
Quarterly newest first
| Period | Revenue | Change |
|---|---|---|
| Sep 2026 | $672.1M | 1.34% |
| Jun 2026 | $663.2M | 2.85% |
| Mar 2026 | $644.8M | 0.58% |
| Dec 2025 | $641.1M | 3.84% |
| 43 more quarters | Free account |
Against its own ten years
Revenue against peers
| Company | Revenue |
|---|---|
| ICE Intercontinental Exchange Inc. compare | $10.9B |
| NDAQ Nasdaq, Inc. compare | $9.1B |
| MCO Moody's Corporation compare | $8.2B |
| COIN Coinbase Global, Inc. compare | $5.6B |
| CBOE Cboe Global Markets, Inc. compare | $5.3B |
| TRU TransUnion compare | $5.0B |
| MSCI MSCI Inc compare | $3.4B |
| MORN Morningstar, Inc. | $2.6B |
| FDS FactSet Research Systems Inc. compare | $2.5B |
What Revenue is
Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.
Reported line item
More on MORN
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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