What is Morningstar's revenue?

Morningstar (MORN) generated $2.5B in revenue over the trailing twelve months, up 8.4% year over year.

Is Morningstar profitable?

Morningstar reported $402.8M in net income over the trailing twelve months, a 16.1% net margin.

What are Morningstar's profit margins?

Gross margin is 61.7% and operating margin is 22.7%, with a 16.1% net margin.

What is Morningstar's earnings per share?

Morningstar's diluted EPS over the trailing twelve months is $9.78.

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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$644.8M+0.6%	$641.1M+3.8%	$617.4M+2.0%	$605.1M+4.0%	$581.9M-1.5%
Total cost of revenue	$238.9M-4.1%	$249.2M+3.1%	$241.7M+4.8%	$230.6M-0.3%	$231.4M-0.3%
Gross profit	$405.9M+3.6%	$391.9M+4.3%	$375.7M+0.3%	$374.5M+6.8%	$350.5M-2.3%
Gross margin	62.9%+1.8pp	61.1%+0.3pp	60.9%-1.0pp	61.9%+1.7pp	60.2%-0.5pp
Selling and marketing	$115.2M-3.4%	$119.2M+3.2%	$115.5M-3.5%	$119.7M+6.3%	$112.6M-3.9%
General and administrative	$84M-6.3%	$89.6M+4.3%	$85.9M+4.8%	$82M+7.2%	$76.5M-14.0%
Total costs & expenses	$489.8M-3.0%	$505.1M+3.1%	$490.1M+1.9%	$480.8M+2.8%	$467.8M-3.9%
Operating income	$155.9M-2.3%	$159.6M+24.9%	$127.8M+2.2%	$125.1M+9.6%	$114.1M-32.2%
Operating margin	24.2%-0.7pp	24.9%+4.2pp	20.7%0.0pp	20.7%+1.1pp	19.6%-8.9pp
Interest expense	-$13.7M-55.7%	-$8.8M-25.7%	-$7M+5.4%	-$7.4M-37.0%	-$5.4M+22.9%
Other income (expense), net	-$14.1M-62.1%	-$8.7M-85.1%	-$4.7M+45.3%	-$8.6M-53.6%	-$5.6M—
Income before income taxes	$141.8M-6.0%	$150.9M+22.6%	$123.1M+5.7%	$116.5M+7.4%	$108.5M-33.4%
Income tax expense	$34.6M-4.9%	$36.4M+15.9%	$31.4M+19.4%	$26.3M-4.0%	$27.4M-19.2%
Net income	$107.1M-7.0%	$115.1M+25.7%	$91.6M+2.9%	$89M+13.4%	$78.5M-32.8%
Net margin	16.6%-1.3pp	18%+3.1pp	14.8%+0.1pp	14.7%+1.2pp	13.5%-6.3pp
Diluted earnings per share	$2.73-2.2%	$2.79+28.6%	$2.17+3.8%	$2.09+14.8%	$1.82-32.8%
EBITDA	$207.6M+0.4%	$206.7M+18.2%	$174.8M+0.7%	$173.6M+7.6%	$161.4M-25.5%
EBITDA margin	32.2%0.0pp	32.2%+3.9pp	28.3%-0.4pp	28.7%+1.0pp	27.7%-8.9pp
EBIT	$155.9M-2.3%	$159.6M+24.9%	$127.8M+2.2%	$125.1M+9.6%	$114.1M-32.2%

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Questions, answered.

What is Morningstar's revenue?: Morningstar (MORN) generated $2.5B in revenue over the trailing twelve months, up 8.4% year over year.
Is Morningstar profitable?: Morningstar reported $402.8M in net income over the trailing twelve months, a 16.1% net margin.
What are Morningstar's profit margins?: Gross margin is 61.7% and operating margin is 22.7%, with a 16.1% net margin.
What is Morningstar's earnings per share?: Morningstar's diluted EPS over the trailing twelve months is $9.78.
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.