Skip to content
Screener

Morningstar MORN Pre-Tax Income

Pre-Tax Income at other companies

S&P Global logo
S&P GlobalSPGI
$1.73B+15.1%
FactSet Research Systems logo
FactSet Research SystemsFDS
$154.12M-14.4%
Moody's logo
Moody'sMCO
$1.17B+51.7%
MSCI logo
MSCIMSCI
$417.3M+10.5%
Blackrock logo
BlackrockBLK
$2.72B+20.7%
ATH
Aether HoldingsATHR
-$1.03M-164%

Other financials

Income statement

See full
Revenue$663.2M+9.6%
Gross profit$423.9M+13.2%
Operating income$160.6M+28.4%
Net income$107.8M+21.1%
EPS (diluted)$2.83+35.4%

Balance sheet

See full
Cash & equivalents$489.5M-2.8%
Total debt$1.9B+86.0%
Total equity$1.0B-36.6%
Total assets$3.9B+8.7%

Cash flow

See full
Operating cash flow$155.7M+57.3%
CapEx$33.2M-9.3%
Free cash flow$122.5M+96.3%

Valuation

See full
Market cap$7.37B-32.8%
Enterprise value$8.81B-23.4%
P/E17.5×-9.6×
P/S2.9×-1.8×

Profitability

See full
Gross margin62.2%+1.3pp
Operating margin23.5%+1.3pp
Net margin16.4%-0.8pp
FCF margin19.4%+2.8pp

Returns & leverage

See full
Return on equity32%+5.4pp
Debt / equity1.9×+1.2×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

The source filing: Morningstar’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001289419-26-000041
(in millions, except per share amounts)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Interest expense, net(17.1)(7.4)(30.8)(12.8)
Other income (expense), net3.5(1.2)3.1(1.4)
Non-operating expense, net(13.6)(8.6)(27.7)(14.2)
Income before income taxes and equity in investments of unconsolidated entities147.0116.5288.8225.0
Equity in investments of unconsolidated entities(0.9)(1.2)(1.0)(3.8)
Income tax expense38.326.372.953.7
Consolidated net income$107.8$89.0$214.9$167.5
Net income per share:

Item 1.Financial Statements

FAQ

What is Morningstar's pre-tax income?
Morningstar (MORN) reported pre-tax income of $147M in Q2 2026.
How has Morningstar's pre-tax income changed year-over-year?
Morningstar's pre-tax income increased by 26.2% year-over-year, from $116.5M to $147M.
What is the long-term trend for Morningstar's pre-tax income?
Over 4 years (2021 to 2025), Morningstar's pre-tax income has grown at a 18.8% compound annual growth rate (CAGR), from $250.5M to $499M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Ask your AI about Morningstar's pre-tax income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude