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Morningstar MORN Non United States — Revenue

Other geography segments

Continental Europe
$55M0.0%
United Kingdom
$12.1M-0.8%
Other
$3.7M+12.1%

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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 non united states — revenue?
Morningstar (MORN) reported non united states — revenue of $184.1M in Q2 2026.
How has Morningstar's non united states — revenue changed year-over-year?
Morningstar's non united states — revenue increased by 6.1% year-over-year, from $173.5M to $184.1M.
What is the long-term trend for Morningstar's non united states — revenue?
Over 4 years (2021 to 2025), Morningstar's non united states — revenue has grown at a 7.6% compound annual growth rate (CAGR), from $515M to $690.6M.
What does non united states — revenue mean?
This metric represents the total revenue generated by business operations located outside of the United States. It serves as a key indicator of the company's international market penetration and the scale of its global footprint. Tracking this figure helps investors assess geographic diversification and the growth trajectory of non-domestic revenue streams.

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