When did Morningstar report Q4 2025 earnings?

Morningstar (MORN) reported Q4 2025 earnings on February 12, 2026 after market close.

What were Morningstar's Q4 2025 revenue and EPS?

Morningstar reported revenue of $641.1M and eps of $2.71 for Q4 2025.

Did Morningstar beat estimates in Q4 2025?

Revenue beat the consensus estimate of $634.4M by $6.7M. EPS beat the consensus estimate of $2.36 by $0.35.

How did Morningstar's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 8.5% from $591.0M a year earlier and eps grew 26.6% from $2.14.

Where can I find Morningstar's Q4 2025 SEC filings?

You can read the 8-K earnings release (0001289419-26-000009) and the 10-K periodic report (0001289419-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.

Morningstar MORN Q4 2025 Annual earnings

Reported February 12, 2026 · After market close

Revenue$641.1MBeat by $6.7M

EPS$2.71Beat by $0.35

Revenue estimate$634.4M

EPS estimate$2.36

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$655.5M

EPS estimate$2.90

Financials

Q4 2025

Income statement

See full

Revenue$641.1M+8.5%

Gross profit$391.9M+9.2%

Operating income$159.6M-5.1%

Net income$115.1M-1.5%

EPS (diluted)$2.79+3.0%

Balance sheet

See full

Cash & equivalents$474.5M-5.6%

Total debt$1.3B+39.5%

Total equity$1.2B-24.5%

Total assets$3.6B+1.2%

Cash flow

See full

Operating cash flow$204.0M+33.0%

CapEx$42.7M+5.2%

Free cash flow$161.3M+43.0%

Valuation & ratios

Valuation

as of 12/31/25

See full

Market cap$8.94B-38.1%

Enterprise value$9.72B-34.5%

P/E23.9×-15.2×

P/S3.7×-2.7×

Profitability

See full

Gross margin61%+0.4pp

Operating margin21.5%+0.2pp

Net margin15.3%-1.0pp

FCF margin18.1%-1.6pp

Returns & leverage

See full

Return on equity26.3%+1.2pp

Debt / equity1×+0.5×

Current ratio1×-0.1×

Segments

By segment

See full

Morningstar Data and Analytics Segment$211.1M+7.7%

PitchBook Segment$172.6M+6.2%

Morningstar Credit Segment$105.3M+27.9%

Morningstar Wealth Segment$63.7M-2.0%

Corporate and Other$50.3M-2.5%

By product

See full

License-based$437.8M+5.6%

Transaction-based$113.1M+27.2%

Asset-based$90.2M+2.9%

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 Q4 2025 earnings?: Morningstar (MORN) reported Q4 2025 earnings on February 12, 2026 after market close.
What were Morningstar's Q4 2025 revenue and EPS?: Morningstar reported revenue of $641.1M and eps of $2.71 for Q4 2025.
Did Morningstar beat estimates in Q4 2025?: Revenue beat the consensus estimate of $634.4M by $6.7M. EPS beat the consensus estimate of $2.36 by $0.35.
How did Morningstar's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 8.5% from $591.0M a year earlier and eps grew 26.6% from $2.14.
Where can I find Morningstar's Q4 2025 SEC filings?: You can read the 8-K earnings release (0001289419-26-000009) and the 10-K periodic report (0001289419-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.