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Morningstar MORN Canada — Revenue

Other geography segments

United States
$479.1M
Canada
$46.6M
Australia
$19.4M

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Other financials

Income statement

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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

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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

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

Valuation

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

Profitability

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

Returns & leverage

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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:Revenues.

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
Revenue by geographical area / (in millions)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Asia12.112.223.924.1
Australia19.416.237.531.3
Canada46.638.689.371.7
Continental Europe55.055.0112.0105.6
United Kingdom47.348.296.591.9
Other3.73.37.76.3
Total International184.1173.5366.9330.9
Consolidated revenue$663.2$605.1$1,308.0$1,187.0

Item 1.Financial Statements

FAQ

What is Morningstar's canada — revenue?
Morningstar (MORN) reported canada — revenue of $47.3M in Q2 2026.
How has Morningstar's canada — revenue changed year-over-year?
Morningstar's canada — revenue decreased by 1.9% year-over-year, from $48.2M to $47.3M.
What is the long-term trend for Morningstar's canada — revenue?
Over 4 years (2021 to 2025), Morningstar's canada — revenue has grown at a 8.7% compound annual growth rate (CAGR), from $135.7M to $189.8M.
What does canada — revenue mean?
This metric represents the total gross income generated by the company's operations within a specific geographic region or business segment. It reflects the market demand for investment research, data services, and software solutions provided to clients in that area. Tracking this revenue stream helps investors assess the company's regional market penetration and the scalability of its service offerings across different global territories.

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