Morningstar, Inc. (MORN)
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
$209.40-2.95%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
QuarterlyIQ Insights · MORN
Income statement, balance sheet, and cash flow — annual and quarterly history, as reported.
Figures in millions of USD, except per-share and ratios.
| TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||
| Revenues | 2,566.5 | 2,445.5 | 2,275.1 | 2,038.6 | 1,870.6 | 1,699.3 | 1,389.5 | 1,179.0 | 1,019.9 | 911.7 | 798.6 | 788.8 | 760.1 | 698.3 | 658.3 | 631.4 | 555.4 |
| Total Revenues | 2,566.5 | 2,445.5 | 2,275.1 | 2,038.6 | 1,870.6 | 1,699.3 | 1,389.5 | 1,179.0 | 1,019.9 | 911.7 | 798.6 | 788.8 | 760.1 | 698.3 | 658.3 | 631.4 | 555.4 |
| Cost of Revenues | 969.1 | 952.9 | 895.7 | 843.5 | 779.3 | 698.4 | 556.4 | 483.1 | 411.1 | 386.6 | 344.3 | 330.1 | 318.6 | 271.4 | 246.8 | 235.3 | 157.1 |
| Operating Expenses & Income | |||||||||||||||||
| R&D Expenses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 51.4 | 53.2 | 49.2 |
| Other Operating Expenses, Total | 31.8 | 24.9 | — | (15.6) | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income | 603.9 | 526.6 | 484.8 | 230.6 | 167.8 | 257.0 | 215.2 | 189.6 | 215.8 | 169.8 | 180.8 | 190.6 | 105.6 | 170.7 | 150.7 | 138.4 | 121.1 |
| Earnings from Continuing Operations | |||||||||||||||||
| Interest Expense | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.2 | 0.3 | 1.3 | — |
| Other Non-Operating Income / Expenses | (41.1) | (27.6) | 6.5 | (49.1) | (37.2) | (6.5) | 67.8 | 8.9 | 17.1 | 11.3 | 44.1 | 3.1 | 8.4 | 7.3 | 3.0 | 1.7 | 6.7 |
| Asset Writedown | — | — | — | 3.1 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — | — | — |
| EBT, Incl. Unusual Items | 562.8 | 499.0 | 491.3 | 181.5 | 130.6 | 250.5 | 283.0 | 198.5 | 232.9 | 181.1 | 224.9 | 193.7 | 114.0 | 178.0 | 153.6 | 140.1 | 127.8 |
| Income Tax Expense | 140.7 | 121.5 | 104.0 | 33.0 | 56.5 | 62.6 | 59.7 | 45.6 | 47.8 | 42.9 | 63.7 | 62.7 | 35.7 | 56.0 | 52.9 | 43.7 | 42.8 |
| Earnings from Continuing Operations | — | — | — | — | — | — | — | — | — | — | — | — | 78.3 | 123.4 | 102.8 | — | — |
| Net Income | |||||||||||||||||
| Minority Interest | — | — | — | — | — | — | — | — | — | 0.0 | 0.0 | 0.2 | 0.0 | (0.1) | (0.1) | (0.0) | 0.1 |
| Net Income | 421.6 | 374.2 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 | 152.0 | 183.0 | 136.9 | 161.0 | 132.6 | 78.3 | 123.5 | 108.1 | 98.4 | 86.4 |
| Per Share | |||||||||||||||||
| Basic EPS | 11.15 | 8.93 | 8.64 | 3.31 | 1.65 | 4.50 | 5.22 | 3.56 | 4.30 | 3.21 | 3.74 | 3.00 | 1.75 | 2.68 | 2.23 | 1.96 | 1.75 |
| Diluted EPS | 11.07 | 8.87 | 8.58 | 3.29 | 1.64 | 4.45 | 5.18 | 3.52 | 4.25 | 3.18 | 3.72 | 3.00 | 1.74 | 2.66 | 2.20 | 1.92 | 1.70 |
| Revenue per Share | 67.36 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividend per Share | — | 1.87 | 1.67 | 1.53 | 1.46 | 1.31 | 1.22 | 1.14 | 1.03 | 0.94 | 0.89 | 0.79 | 0.70 | 0.55 | 0.43 | 0.25 | 0.05 |
| Basic Weighted Avg Shares | 37.8 | 41.9 | 42.8 | 42.6 | 42.6 | 43.0 | 42.9 | 42.7 | 42.6 | 42.7 | 43.0 | 44.2 | 44.7 | 46.2 | 48.5 | 50.0 | 49.2 |
| Diluted Weighted Avg Shares | 38.1 | 42.2 | 43.1 | 42.9 | 42.9 | 43.4 | 43.2 | 43.2 | 43.0 | 43.0 | 43.3 | 44.3 | 44.9 | 46.5 | 49.1 | 51.0 | 50.6 |
| Supplemental | |||||||||||||||||
| EBITDA | — | 716.5 | 675.2 | 415.5 | 334.4 | 407.7 | 354.7 | 307.3 | 312.5 | 261.0 | 251.5 | 255.0 | 160.5 | 216.4 | 193.8 | 181.3 | 160.7 |
| EBIT | 603.9 | 526.6 | 484.8 | 230.6 | 167.8 | 257.0 | 215.2 | 189.6 | 215.8 | 169.8 | 180.8 | 190.6 | 105.6 | 170.7 | 150.7 | 138.4 | 121.1 |
| Effective Tax Rate | 25.0% | — | — | 18.2% | 43.3% | 25.0% | 21.1% | 23.0% | 20.5% | 23.7% | 28.3% | 32.4% | 31.3% | 31.5% | 34.4% | 31.2% | 33.5% |
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.