Skip to content
OpenCapital
Get started

Morningstar MORN Transaction-based — Consolidated revenue

Other product segments

License-based
$444.9M+6.4%
Asset-based
$95.1M+11.0%

Similar metrics at other companies

Dave, Inc. logo
DAVETransaction Based Revenue — Revenue
$10.83M+6.9%
Dave, Inc. logo
DAVETransaction Based Revenue Other Net — Revenue
$3.97M+15.0%
Tyler Technologies logo
TYLTransaction-based fees — Total segment revenues
$207.39M+6.4%
STU
STUBTransaction fees — Revenue
$440.37M+11.9%
Robinhood Markets, Inc. logo
HOODTransaction-based revenues — Total transaction-based revenues and other revenues
$623M+6.9%
Intercontinental Exchange logo
ICERecurring revenues — Total revenues, less transaction-based expenses
$401M+1.0%

Other financials

Income statement

See full
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

See full
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

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

Valuation

See full
Market cap$5.84B-49.2%

Profitability

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

Returns & leverage

See full
Return on equity30.7%+5.0pp
Debt / equity1.9×+1.3×
Current ratio1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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

Ask your AI about Morningstar's transaction-based — consolidated revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Morningstar's transaction-based — consolidated revenue?
Morningstar (MORN) reported transaction-based — consolidated revenue of $104.8M in Q1 2026.
How has Morningstar's transaction-based — consolidated revenue changed year-over-year?
Morningstar's transaction-based — consolidated revenue increased by 34.0% year-over-year, from $78.2M to $104.8M.
What is the long-term trend for Morningstar's transaction-based — consolidated revenue?
Over 4 years (2021 to 2025), Morningstar's transaction-based — consolidated revenue has grown at a 6.1% compound annual growth rate (CAGR), from $302.7M to $383.3M.
What does transaction-based — consolidated revenue mean?
This metric represents the total revenue generated from transaction-based services or product offerings within a specific business segment. It captures income derived from individual events, trades, or one-time service fees rather than recurring subscription or licensing models. Monitoring this figure helps investors assess the company's ability to monetize episodic market activity and diversify its revenue streams beyond stable, recurring contracts.