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Morningstar MORN Shares (Diluted)

Shares (Diluted) at other companies

S&P Global logo
S&P GlobalSPGI
295.5M-3.5%
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FactSet Research SystemsFDS
36.2M-5.6%
Moody's logo
Moody'sMCO
174.5M-3.2%
MSCI logo
MSCIMSCI
72.9M-5.9%
Blackrock logo
BlackrockBLK
164.6M+5.4%
ATH
Aether HoldingsATHR
12.1M+21.1%

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$7.37B-32.8%
Enterprise value$8.81B-23.4%
P/E17.5×-9.6×
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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Basic$2.85$2.11$5.59$3.94
Diluted$2.83$2.09$5.55$3.91
Dividends per common share:
Dividends declared per common share$0.50$0.46$1.00$0.91
Dividends paid per common share$0.50$0.46$1.00$0.91
Weighted average shares outstanding:
Basic37.842.238.542.5
Diluted38.142.538.742.8

Item 1.Financial Statements

FAQ

What is Morningstar's shares (diluted)?
Morningstar (MORN) reported shares (diluted) of 38.1M in Q2 2026.
How has Morningstar's shares (diluted) changed year-over-year?
Morningstar's shares (diluted) decreased by 10.4% year-over-year, from 42.5M to 38.1M.
What is the long-term trend for Morningstar's shares (diluted)?
Over 4 years (2021 to 2025), Morningstar's shares (diluted) has grown at a -0.5% compound annual growth rate (CAGR), from 173.4M to 170.1M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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