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Morningstar MORN Net Income

Net Income at other companies

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$3.58M-9.4%
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$126.72M-14.7%
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$878M+51.9%
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$342M+12.6%
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$1.91B+20.2%

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%
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:ProfitLoss.

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
(in millions, except per share amounts)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Income before income taxes and equity in investments of unconsolidated entities147.0116.5288.8225.0
Equity in investments of unconsolidated entities(0.9)(1.2)(1.0)(3.8)
Income tax expense38.326.372.953.7
Consolidated net income$107.8$89.0$214.9$167.5
Net income per share:
Basic$2.85$2.11$5.59$3.94
Diluted$2.83$2.09$5.55$3.91
Dividends per common share:

Item 1.Financial Statements

FAQ

What is Morningstar's net income?
Morningstar (MORN) reported net income of $107.8M in Q2 2026.
How has Morningstar's net income changed year-over-year?
Morningstar's net income increased by 21.1% year-over-year, from $89M to $107.8M.
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.

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