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) Shares outstanding
Morningstar, Inc.'s shares outstanding at the end of fiscal 2025 was $42.2M, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $37.8M. Over the past ten years it has ranged from $42.2M (fiscal 2025) to $44.3M (fiscal 2015) — the current reading is the lowest in ten years. Morningstar, Inc. ranks 11th of 14 Financial Data & Stock Exchanges companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $42.2M | (2.09%) |
| FY2024 | $43.1M | 0.47% |
| FY2023 | $42.9M | 0.00% |
| FY2022 | $42.9M | (1.15%) |
| FY2021 | $43.4M | 0.46% |
| FY2020 | $43.2M | 0.00% |
| FY2019 | $43.2M | 0.47% |
| FY2018 | $43.0M | 0.00% |
| FY2017 | $43.0M | (0.69%) |
| FY2016 | $43.3M | (2.26%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $37.8M | (0.79%) |
| Jun 2026 | $38.1M | (3.05%) |
| Mar 2026 | $39.3M | (6.87%) |
| Dec 2025 | $42.2M | (0.24%) |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| NDAQ Nasdaq, Inc. compare | $563.3M |
| ICE Intercontinental Exchange Inc. compare | $563.0M |
| COIN Coinbase Global, Inc. compare | $288.0M |
| TRU TransUnion compare | $192.6M |
| MCO Moody's Corporation compare | $173.3M |
| CBOE Cboe Global Markets, Inc. compare | $104.7M |
| MSCI MSCI Inc compare | $72.3M |
| MORN Morningstar, Inc. | $37.8M |
| FDS FactSet Research Systems Inc. compare | $36.6M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
More on MORN
- Revenue
- 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
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement