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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$2.45B+7.5%	$2.28B+11.6%	$2.04B+9.0%	$1.87B+10.1%
Total cost of revenue	$952.9M+6.4%	$895.7M+6.2%	$843.5M+8.2%	$779.3M+11.6%
Gross profit	$1.49B+8.2%	$1.38B+15.4%	$1.2B+9.5%	$1.09B+9.0%
Gross margin	61%+0.4pp	60.6%+2.0pp	58.6%+0.3pp	58.3%-0.6pp
Selling and marketing	$467M+5.9%	$441M+4.1%	$423.8M+18.9%	$356.5M+29.7%
General and administrative	$334M+2.1%	$327.2M-8.0%	$355.8M-11.1%	$400.4M+25.8%
Total costs & expenses	$1.94B+4.8%	$1.85B+2.6%	$1.81B+6.2%	$1.7B+18.1%
Operating income	$526.6M+8.6%	$484.8M+110%	$230.6M+37.4%	$167.8M-34.7%
Operating margin	21.5%+0.2pp	21.3%+10.0pp	11.3%+2.3pp	9%-6.2pp
Interest expense	-$28.6M+24.1%	-$37.7M+27.1%	-$51.7M-82.0%	-$28.4M-226%
Other income (expense), net	-$27.6M—	——	-$49.1M-32.0%	-$37.2M-472%
Income before income taxes	$499M+1.6%	$491.3M+171%	$181.5M+39.0%	$130.6M-47.9%
Income tax expense	$121.5M+16.8%	$104M+215%	$33M-41.6%	$56.5M-9.7%
Net income	$374.2M+1.2%	$369.9M+162%	$141.1M+100%	$70.5M-63.5%
Net margin	15.3%-1.0pp	16.3%+9.3pp	6.9%+3.2pp	3.8%-7.6pp
Diluted earnings per share	$8.87+3.5%	$8.57+161%	$3.28+101%	$1.63-63.4%
EBITDA	$716.5M+6.1%	$675.2M+62.5%	$415.5M+24.3%	$334.4M-18.0%
EBITDA margin	29.3%-0.4pp	29.7%+9.3pp	20.4%+2.5pp	17.9%-6.1pp
EBIT	$526.6M+8.6%	$484.8M+110%	$230.6M+37.4%	$167.8M-34.7%

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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.