What is Morningstar's net income?

Morningstar (MORN) reported net income of $107.1M in Q1 2026.

How has Morningstar's net income changed year-over-year?

Morningstar's net income increased by 36.4% year-over-year, from $78.5M to $107.1M.

What is the long-term trend for Morningstar's net income?

Over 4 years (2021 to 2025), Morningstar's net income has grown at a 18.0% compound annual growth rate (CAGR), from $193.3M to $374.2M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Morningstar MORN Net Income

Net Income at other companies

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$1.4B+28.0%

FactSet Research SystemsFDS

$133.06M-8.1%

Moody'sMCO

$661M+5.8%

MSCIMSCI

$406M+40.7%

BlackrockBLK

$2.21B+46.5%

Equitable HoldingsEQH

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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%

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 ratio1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

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 net income?: Morningstar (MORN) reported net income of $107.1M in Q1 2026.
How has Morningstar's net income changed year-over-year?: Morningstar's net income increased by 36.4% year-over-year, from $78.5M to $107.1M.
What is the long-term trend for Morningstar's net income?: Over 4 years (2021 to 2025), Morningstar's net income has grown at a 18.0% compound annual growth rate (CAGR), from $193.3M to $374.2M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.