When did Morningstar report Q2 2025 earnings?

Morningstar (MORN) reported Q2 2025 earnings on July 30, 2025 after market close.

What were Morningstar's Q2 2025 revenue and EPS?

Morningstar reported revenue of $605.1M and eps of $2.40 for Q2 2025.

Did Morningstar beat estimates in Q2 2025?

Revenue missed the consensus estimate of $605.8M by $740.1K. EPS beat the consensus estimate of $2.21 by $0.19.

How did Morningstar's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 6.1% from $570.5M a year earlier and eps grew 19.4% from $2.01.

Where can I find Morningstar's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001289419-25-000145) directly on SEC EDGAR. The filing index links above go to sec.gov.

Morningstar MORN Q2 2025 earnings

Reported July 30, 2025 · After market close

Revenue$605.1MMiss by $740.1K

EPS$2.40Beat by $0.19

Revenue estimate$605.8M

EPS estimate$2.21

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$655.5M

EPS estimate$2.90

Financials

Q2 2025

Income statement

See full

Revenue$605.1M+5.8%

Gross profit$374.5M+7.2%

Operating income$125.1M+15.3%

Net income$89.0M+28.8%

EPS (diluted)$2.09+30.6%

Balance sheet

See full

Cash & equivalents$503.5M+28.7%

Total debt$1.0B-3.2%

Total equity$1.6B+12.6%

Total assets$3.6B+6.7%

Cash flow

See full

Operating cash flow$99.0M-35.2%

CapEx$36.6M+14.7%

Free cash flow$62.4M-48.3%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$13.09B+3.6%

Enterprise value$13.62B+2.4%

P/E32.4×-19.0×

P/S5.6×-0.2×

Profitability

See full

Gross margin60.9%+0.1pp

Operating margin22.3%+5.4pp

Net margin17.2%+5.9pp

FCF margin16.6%-1.4pp

Returns & leverage

See full

Return on equity26.5%+8.1pp

Debt / equity0.6×-0.1×

Current ratio1.1×+0.1×

Segments

By segment

See full

Morningstar Data and Analytics Segment$209.2M+6.2%

PitchBook Segment$166.5M+9.8%

Morningstar Wealth Segment$85.0M+35.8%

Morningstar Credit Segment$64.3M-17.1%

Corporate and Other$47.7M-4.2%

By product

See full

License-based$428.4M+6.6%

Transaction-based$94.3M+10.3%

Asset-based$82.4M-2.7%

Versus estimates

Revenue

Q2 2026$663.2MBeat by $13.5M Q1 2026$644.8MBeat by $17.9M Q4 2025$641.1MBeat by $6.7M Q3 2025$617.4MMiss by $17.0M

Q2 2025$605.1MMiss by $740.1K

Q1 2025$581.9MMiss by $3.9M

Diluted EPS

Q2 2026$3.10Beat by $0.27 Q1 2026$3.18Beat by $0.77 Q4 2025$2.71Beat by $0.35 Q3 2025$2.55Beat by $0.21

Q2 2025$2.40Beat by $0.19

Q1 2025$2.23Beat by $0.17

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Questions, answered.

When did Morningstar report Q2 2025 earnings?: Morningstar (MORN) reported Q2 2025 earnings on July 30, 2025 after market close.
What were Morningstar's Q2 2025 revenue and EPS?: Morningstar reported revenue of $605.1M and eps of $2.40 for Q2 2025.
Did Morningstar beat estimates in Q2 2025?: Revenue missed the consensus estimate of $605.8M by $740.1K. EPS beat the consensus estimate of $2.21 by $0.19.
How did Morningstar's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 6.1% from $570.5M a year earlier and eps grew 19.4% from $2.01.
Where can I find Morningstar's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001289419-25-000145) directly on SEC EDGAR. The filing index links above go to sec.gov.