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Morningstar MORN United States — Revenue

Other geography segments

GB
$47.3M
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$7.48B-32.8%
Enterprise value$8.91B-23.4%
P/E17.7×-9.8×
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
United States$479.1$431.6$941.1$856.1
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

Item 1.Financial Statements

FAQ

What is Morningstar's united states — revenue?
Morningstar (MORN) reported united states — revenue of $479.1M in Q2 2026.
How has Morningstar's united states — revenue changed year-over-year?
Morningstar's united states — revenue increased by 11.0% year-over-year, from $431.6M to $479.1M.
What is the long-term trend for Morningstar's united states — revenue?
Over 4 years (2021 to 2025), Morningstar's united states — revenue has grown at a 10.3% compound annual growth rate (CAGR), from $1.18B to $1.75B.
What does united states — revenue mean?
This metric represents the total gross income generated from business operations within the United States geographic segment. It reflects the company's ability to monetize its products and services, such as investment research and data subscriptions, within this specific market. Tracking this figure helps investors assess the scale and growth trajectory of the company's primary domestic revenue stream.

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