Morningstar, Inc. (MORN)
Financial Services · Financial Data & Stock Exchanges · NasdaqGS
Morningstar, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $798.60M | $911.70M | $1.02B | $1.18B | $1.39B | $1.70B | $1.87B | $2.04B | $2.28B | $2.45B |
| Gross profit | $454.30M | $525.10M | $608.80M | $695.90M | $833.10M | $1.00B | $1.09B | $1.20B | $1.38B | $1.49B |
| Net income | $161.00M | $136.90M | $183.00M | $152.00M | $223.60M | $193.30M | $70.50M | $141.10M | $369.90M | $374.20M |
| Net margin | 20.2% | 15.0% | 17.9% | 12.9% | 16.1% | 11.4% | 3.8% | 6.9% | 16.3% | 15.3% |
Source: Morningstar, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Explore 18 years of Morningstar, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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About Morningstar, Inc.
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities; Morningstar Direct, an investment analysis and reporting application; and Morningstar Advisor Workstation, a suite of tools to provide advice to clients. It also provides PitchBook that offers data and research covering the private capital markets comprising venture capital, private equity and credit, bank loans, and merger and acquisition activities through the PitchBook platform; Morningstar Model Portfolios, an advisor service with model portfolios for fee-based financial advisors; Morningstar International Wealth Platform, which offers discretionary asset management services; and Morningstar Investor/Morningstar.com, an individual investor platform and media site. In addition, the company offers credit ratings, research, data, and credit analytics solutions through Morningstar DBRS and Morningstar Credit Analytics agencies. Further, it provides managed retirement accounts, fiduciary services, and custom models; Morningstar Sustainalytics that provides environmental, social and governance data, research, and ratings; and Morningstar Indexes that offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.
Morningstar, Inc. — frequently asked questions
What is Morningstar, Inc.'s revenue?
Morningstar, Inc. (MORN) reported revenue of $2.45B for fiscal year 2025, up 7.5% from the prior year, according to its SEC filings.
Is Morningstar, Inc. profitable?
Yes. MORN earned net income of $374.20M in fiscal 2025, a net margin of 15.3%.
What is MORN's P/E ratio?
Morningstar, Inc. trades at a price-to-earnings ratio of about 19.0 based on the latest data in our nightly-refreshed cache.
How fast is Morningstar, Inc. growing?
MORN's revenue grew at roughly 12.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
Where does this data come from?
All figures are computed from Morningstar, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.