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Morningstar MORN Other operating expenses

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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:OtherOperatingIncomeExpenseNet.

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
General and administrative98.582.0182.5158.5
Depreciation and amortization53.548.5105.295.8
Total operating expense509.4480.8999.2948.6
Other operating income6.80.87.70.8
Operating income160.6125.1316.5239.2
Non-operating expense, net:
Interest expense, net(17.1)(7.4)(30.8)(12.8)
Other income (expense), net3.5(1.2)3.1(1.4)

Item 1.Financial Statements

FAQ

What is Morningstar's other operating expenses?
Morningstar (MORN) reported other operating expenses of $6.8M in Q2 2026.
How has Morningstar's other operating expenses changed year-over-year?
Morningstar's other operating expenses increased by 750.0% year-over-year, from $800K to $6.8M.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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