What is Morningstar's software and technology licenses, net?

Morningstar (MORN) reported software and technology licenses, net of $17.5M in Q1 2026.

How has Morningstar's software and technology licenses, net changed year-over-year?

Morningstar's software and technology licenses, net increased by 92.3% year-over-year, from $9.1M to $17.5M.

What is the long-term trend for Morningstar's software and technology licenses, net?

Over 5 years (2020 to 2025), Morningstar's software and technology licenses, net has grown at a -3.4% compound annual growth rate (CAGR), from $14.4M to $12.1M.

Morningstar MORN Software and Technology Licenses, Net

Software and Technology Licenses, Net at other companies

S&P GlobalSPGI

——

FactSet Research SystemsFDS

——

Moody'sMCO

——

MSCIMSCI

——

Other financials

Income statement

See full

Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

See full

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

See full

Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

See full

Market cap$5.84B-49.2%

Enterprise value$7.28B-40.4%

P/E14.5×-15.5×

P/S2.3×-2.6×

Profitability

See full

Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

See full

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:OtherAssetsNoncurrent.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Morningstar's software and technology licenses, net.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Morningstar's software and technology licenses, net?: Morningstar (MORN) reported software and technology licenses, net of $17.5M in Q1 2026.
How has Morningstar's software and technology licenses, net changed year-over-year?: Morningstar's software and technology licenses, net increased by 92.3% year-over-year, from $9.1M to $17.5M.
What is the long-term trend for Morningstar's software and technology licenses, net?: Over 5 years (2020 to 2025), Morningstar's software and technology licenses, net has grown at a -3.4% compound annual growth rate (CAGR), from $14.4M to $12.1M.