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Morningstar MORN Operating Income

Operating Income at other companies

S&P Global logo
S&P GlobalSPGI
$2B+26.9%
FactSet Research Systems logo
FactSet Research SystemsFDS
$184.96M-0.3%
Moody's logo
Moody'sMCO
$922M+9.0%
MSCI logo
MSCIMSCI
$456.9M+21.2%
Blackrock logo
BlackrockBLK
$2.81B+65.7%

Other financials

Income statement

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Revenue$644.8M+10.8%
Gross profit$405.9M+15.8%
Net income$107.1M+36.4%
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:OperatingIncomeLoss.

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 operating income?
Morningstar (MORN) reported operating income of $155.9M in Q1 2026.
How has Morningstar's operating income changed year-over-year?
Morningstar's operating income increased by 36.6% year-over-year, from $114.1M to $155.9M.
What is the long-term trend for Morningstar's operating income?
Over 4 years (2021 to 2025), Morningstar's operating income has grown at a 19.6% compound annual growth rate (CAGR), from $257M to $526.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.