| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Morningstar Data and Analytics Segment | $196.9M | $198.5M | $196M | $199.2M | $209.2M | $211.1M | $211.1M | $215.2M |
| PitchBook Segment | $151.7M | $156.6M | $162.5M | $163.7M | $166.5M | $169M | $172.6M | $172.4M |
| Morningstar Wealth Segment | $77.6M | $70.9M | $39.6M | $73M | $85M | $91.1M | $63.7M | $101M |
| Corporate and Other | $49.8M | $49.8M | $51.6M | $51.8M | $47.7M | $49.9M | $50.3M | $59.4M |
| Morningstar Credit Segment | $62.6M | $61.8M | $107.7M | $61.3M | $64.3M | $62.1M | $105.3M | $58M |
| Morningstar Retirement Segment | $33.3M | $31.8M | $33.6M | $32.9M | $32.4M | $34.2M | $38.1M | $38.8M |
| Total | $571.9M | $569.4M | $591M | $581.9M | $605.1M | $617.4M | $641.1M | $644.8M |