What is Morningstar's total revenue?

Morningstar (MORN) reported total revenue of $644.8M in Q1 2026.

How has Morningstar's total revenue changed year-over-year?

Morningstar's total revenue increased by 10.8% year-over-year, from $581.9M to $644.8M.

What is the long-term trend for Morningstar's total revenue?

Over 4 years (2021 to 2025), Morningstar's total revenue has grown at a 9.5% compound annual growth rate (CAGR), from $1.7B to $2.45B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Morningstar MORN Total Revenue

Total Revenue at other companies

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$4.17B+10.4%

FactSet Research SystemsFDS

$611.02M+7.1%

Moody'sMCO

$2.08B+8.1%

MSCIMSCI

$850.8M+14.1%

BlackrockBLK

$6.7B+27.0%

Equitable HoldingsEQH

——

Segments

By segment

See full

Morningstar Data and Analytics Segment$215.2M+8.0%

PitchBook Segment$172.4M+5.3%

Morningstar Wealth Segment$101M+38.4%

Corporate and Other$59.4M+14.7%

Morningstar Credit Segment$58M-5.4%

Morningstar Retirement Segment$38.8M+17.9%

By geography

See full

United States$424.5M—

GB$43.7M—

Canada$33.1M—

Australia$15.1M—

By product

See full

License-based$444.9M+6.4%

Transaction-based$104.8M+34.0%

Asset-based$95.1M+11.0%

Other financials

Income statement

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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:Revenues.

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 total revenue?: Morningstar (MORN) reported total revenue of $644.8M in Q1 2026.
How has Morningstar's total revenue changed year-over-year?: Morningstar's total revenue increased by 10.8% year-over-year, from $581.9M to $644.8M.
What is the long-term trend for Morningstar's total revenue?: Over 4 years (2021 to 2025), Morningstar's total revenue has grown at a 9.5% compound annual growth rate (CAGR), from $1.7B to $2.45B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.