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Morningstar MORN Morningstar Indexes — Revenue

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Other financials

Income statement

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Revenue$644.8M+10.8%
Gross profit$405.9M+15.8%
Operating income$155.9M+36.6%
Net income$107.1M+36.4%
EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%
Total debt$1.9B+91.9%
Total equity$1.0B-36.7%
Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%
CapEx$37.9M+17.7%
Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%
Enterprise value$7.28B-40.4%
P/E14.5×-15.5×
P/S2.3×-2.6×

Profitability

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Gross margin61.7%+1.0pp
Operating margin22.7%+0.8pp
Net margin16.1%-0.5pp
FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp
Debt / equity1.9×+1.3×
Current ratio-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's morningstar indexes — revenue?
Morningstar (MORN) reported morningstar indexes — revenue of $32.8M in Q1 2026.
How has Morningstar's morningstar indexes — revenue changed year-over-year?
Morningstar's morningstar indexes — revenue increased by 42.6% year-over-year, from $23M to $32.8M.
What is the long-term trend for Morningstar's morningstar indexes — revenue?
Over 3 years (2022 to 2025), Morningstar's morningstar indexes — revenue has grown at a 20.4% compound annual growth rate (CAGR), from $50.2M to $87.7M.
What does morningstar indexes — revenue mean?
This metric represents the total revenue generated from the licensing and distribution of proprietary investment benchmarks and index-linked products. It reflects the company's ability to monetize its intellectual property and research capabilities by providing market participants with standardized performance tracking tools. Growth in this segment indicates increasing market adoption of the firm's index methodologies and expansion of its footprint in the passive investment ecosystem.