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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$2.51B+8.4%	$2.45B+7.5%	$2.4B+7.8%	$2.35B+8.2%	$2.31B+10.1%
Total cost of revenue	$960.4M+5.7%	$952.9M+6.4%	$935.9M+7.7%	$916.9M+8.0%	$909M+7.9%
Gross profit	$1.55B+10.2%	$1.49B+8.2%	$1.46B+7.8%	$1.43B+8.4%	$1.41B+11.6%
Gross margin	61.7%+1.0pp	61%+0.4pp	60.9%0.0pp	60.9%+0.1pp	60.7%+0.8pp
Selling and marketing	$469.6M+4.6%	$467M+5.9%	$465M+9.6%	$457.4M+8.2%	$449M+6.7%
General and administrative	$341.5M+5.6%	$334M+2.1%	$333.4M+1.0%	$325.1M-5.0%	$323.4M-8.2%
Total costs & expenses	$1.97B+5.0%	$1.94B+4.8%	$1.93B+6.3%	$1.89B+4.8%	$1.87B+3.8%
Operating income	$568.4M+12.3%	$526.6M+8.6%	$535.2M+30.2%	$522.9M+43.1%	$506.3M+69.5%
Operating margin	22.7%+0.8pp	21.5%+0.2pp	22.3%+3.9pp	22.3%+5.4pp	21.9%+7.7pp
Interest expense	-$36.9M-16.8%	-$28.6M+24.1%	-$26.8M+36.5%	-$28.7M+37.7%	-$31.6M+36.7%
Other income (expense), net	-$36.1M—	-$27.6M—	——	——	——
Income before income taxes	$532.3M+3.8%	$499M+1.6%	$511M+22.0%	$539.8M+66.5%	$512.8M+92.5%
Income tax expense	$128.7M+16.9%	$121.5M+16.8%	$119M+41.3%	$117.2M+64.4%	$110.1M+140%
Net income	$402.8M+4.8%	$374.2M+1.2%	$376M+15.2%	$404.1M+64.3%	$384.2M+80.5%
Net margin	16.1%-0.5pp	15.3%-1.0pp	15.7%+1.0pp	17.2%+5.9pp	16.6%+6.5pp
Diluted earnings per share	$9.78+9.9%	$8.87+3.5%	$8.79+16.1%	$9.39+64.4%	$8.90+79.8%
EBITDA	$762.7M+9.5%	$716.5M+6.1%	$726.4M+21.2%	$712.8M+28.5%	$696.8M+43.4%
EBITDA margin	30.4%+0.3pp	29.3%-0.4pp	30.3%+3.4pp	30.4%+4.8pp	30.1%+7.0pp
EBIT	$568.4M+12.3%	$526.6M+8.6%	$535.2M+30.2%	$522.9M+43.1%	$506.3M+69.5%

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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.