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Morningstar MORN Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$644.8MBeat by $17.9M
EPS$3.18Beat by $0.77
Revenue estimate$626.9M
EPS estimate$2.41

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$655.5M
EPS estimate$2.90

Financials

Q1 2026

Income statement

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Revenue$644.8M+10.8%
Gross profit$405.9M+15.8%
Operating income$155.9M+36.6%
Net income$107.1M+36.4%
EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%
Total debt$1.9B+91.9%
Total equity$1.0B-36.7%
Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%
CapEx$37.9M+17.7%
Free cash flow$53.6M-8.8%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$6.51B-49.2%
Enterprise value$7.94B-40.4%
P/E16.2×-17.2×
P/S2.6×-2.9×

Profitability

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Gross margin61.7%+1.0pp
Operating margin22.7%+0.8pp
Net margin16.1%-0.5pp
FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp
Debt / equity1.9×+1.3×
Current ratio-0.1×

Segments

By segment

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Morningstar Data and Analytics Segment$215.2M+8.0%
PitchBook Segment$172.4M+5.3%
Morningstar Wealth Segment$101.0M+38.4%
Corporate and Other$59.4M+14.7%
Morningstar Credit Segment$58.0M-5.4%

By product

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License-based$444.9M+6.4%
Transaction-based$104.8M+34.0%
Asset-based$95.1M+11.0%

Versus estimates

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Questions, answered.

When did Morningstar report Q1 2026 earnings?
Morningstar (MORN) reported Q1 2026 earnings on April 29, 2026 after market close.
What were Morningstar's Q1 2026 revenue and EPS?
Morningstar reported revenue of $644.8M and eps of $3.18 for Q1 2026.
Did Morningstar beat estimates in Q1 2026?
Revenue beat the consensus estimate of $626.9M by $17.9M. EPS beat the consensus estimate of $2.41 by $0.77.
How did Morningstar's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.8% from $581.9M a year earlier and eps grew 42.6% from $2.23.
Where can I find Morningstar's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001289419-26-000026) and the 10-Q periodic report (0001289419-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.