What is Morningstar's revenue?

Morningstar (MORN) generated $2.6B in revenue over the trailing twelve months, up 9.3% year over year.

Is Morningstar profitable?

Morningstar reported $421.6M in net income over the trailing twelve months, a 16.4% net margin.

What are Morningstar's profit margins?

Gross margin is 62.2% and operating margin is 23.5%, with a 16.4% net margin.

What is Morningstar's earnings per share?

Morningstar's diluted EPS over the trailing twelve months is $10.52.

Where does Morningstar's income statement data come from?

Every line is extracted from Morningstar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Morningstar MORN Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Total revenue	$663.2M+9.6%	$644.8M+10.8%	$641.1M+8.5%	$617.4M+8.4%	$605.1M+5.8%
Total cost of revenue	$239.3M+3.8%	$238.9M+3.2%	$249.2M+7.3%	$241.7M+8.5%	$230.6M+3.5%
Gross profit	$423.9M+13.2%	$405.9M+15.8%	$391.9M+9.2%	$375.7M+8.4%	$374.5M+7.2%
Gross margin	63.9%+2.0pp	62.9%+2.7pp	61.1%+0.4pp	60.9%0.0pp	61.9%+0.8pp
Selling and marketing	$118.1M-1.3%	$115.2M+2.3%	$119.2M+1.7%	$115.5M+7.0%	$119.7M+7.5%
General and administrative	$98.5M+20.1%	$84M+9.8%	$89.6M+0.7%	$85.9M+10.7%	$82M+2.1%
Total costs & expenses	$509.4M+5.9%	$489.8M+4.7%	$505.1M+3.8%	$490.1M+8.0%	$480.8M+3.8%
Operating income	$160.6M+28.4%	$155.9M+36.6%	$159.6M-5.1%	$127.8M+10.6%	$125.1M+15.3%
Operating margin	24.2%+3.5pp	24.2%+4.6pp	24.9%-3.6pp	20.7%+0.4pp	20.7%+1.7pp
Interest expense	-$17.1M-131%	-$13.7M-154%	-$8.8M-25.7%	-$7M+21.3%	-$7.4M+28.2%
Other income (expense), net	-$13.6M-58.1%	-$14.1M-152%	-$8.7M—	-$4.7M-113%	-$8.6M+54.7%
Income before income taxes	$147M+26.2%	$141.8M+30.7%	$150.9M-7.4%	$123.1M-19.0%	$116.5M+30.2%
Income tax expense	$38.3M+45.6%	$34.6M+26.3%	$36.4M+7.4%	$31.4M+6.1%	$26.3M+37.0%
Net income	$107.8M+21.1%	$107.1M+36.4%	$115.1M-1.5%	$91.6M-23.5%	$89M+28.8%
Net margin	16.3%+1.5pp	16.6%+3.1pp	18%-1.8pp	14.8%-6.2pp	14.7%+2.6pp
Diluted earnings per share	$2.83+35.4%	$2.73+50.0%	$2.79+3.0%	$2.17-21.7%	$2.09+30.6%
EBITDA	$214.1M+23.3%	$207.6M+28.6%	$206.7M-4.6%	$174.8M+8.4%	$173.6M+10.2%
EBITDA margin	32.3%+3.6pp	32.2%+4.5pp	32.2%-4.4pp	28.3%0.0pp	28.7%+1.1pp
EBIT	$160.6M+28.4%	$155.9M+36.6%	$159.6M-5.1%	$127.8M+10.6%	$125.1M+15.3%

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Questions, answered.

What is Morningstar's revenue?: Morningstar (MORN) generated $2.6B in revenue over the trailing twelve months, up 9.3% year over year.
Is Morningstar profitable?: Morningstar reported $421.6M in net income over the trailing twelve months, a 16.4% net margin.
What are Morningstar's profit margins?: Gross margin is 62.2% and operating margin is 23.5%, with a 16.4% net margin.
What is Morningstar's earnings per share?: Morningstar's diluted EPS over the trailing twelve months is $10.52.
Where does Morningstar's income statement data come from?: Every line is extracted from Morningstar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.