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Morningstar MORN Q3 2026 earnings

Reported October 28, 2026 · After market close

Revenue$672.1MBeat by $7.4M
EPS$3.48Beat by $0.44
Revenue estimate$664.7M
EPS estimate$3.04
“We continue to put important product enhancements in the hands of our clients while delivering profitable growth”
Morningstar CEO Kunal Kapoor.

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$672.1M+8.9%
Gross profit$431.4M+14.8%
Operating income$167.4M+31.0%
Net income$115.5M+26.1%
EPS (diluted)$3.06+41.0%

Balance sheet

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Cash & equivalents$496.7M+4.7%
Total debt$1.9B+78.3%
Total assets$4.0B+11.1%

Cash flow

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Operating cash flow$190.7M-2.6%
CapEx$35.3M-0.8%
Free cash flow$155.4M-2.9%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$8.26B-8.7%
Enterprise value$9.62B+0.1%
P/E18.5×-5.5×
P/S3.2×-0.6×

Profitability

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Gross margin63.1%+2.1pp
Operating margin24.5%+2.2pp
Net margin17%+1.3pp
FCF margin18.8%+2.3pp

Returns & leverage

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Current ratio1×0.0×

Segments

By segment

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Morningstar Data and Analytics Segment$222.5M+5.4%
PitchBook Segment$175.6M+3.9%
Morningstar Wealth Segment$107.8M+18.3%
Corporate and Other$65.3M+30.9%
Morningstar Credit Segment$59.4M-4.3%

By geography

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Continental Europe$58.6M+6.4%
United Kingdom$12.8M+3.2%
Other$3.7M+12.1%

By product

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License-based$459.0M+5.5%
Transaction-based$110.1M+12.7%
Asset-based$103.0M+21.6%

FAQ

When did Morningstar report Q3 2026 earnings?
Morningstar (MORN) reported Q3 2026 earnings on October 28, 2026 after market close.
What were Morningstar's Q3 2026 revenue and EPS?
Morningstar reported revenue of $672.1M and eps of $3.48 for Q3 2026.
Did Morningstar beat estimates in Q3 2026?
Revenue beat the consensus estimate of $664.7M by $7.4M. EPS beat the consensus estimate of $3.04 by $0.44.
How did Morningstar's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.9% from $617.4M a year earlier and eps grew 36.5% from $2.55.
Where can I find Morningstar's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001289419-26-000056) and the 10-Q periodic report (0001289419-26-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.