Morningstar, Inc. Revenue 2008–2025
Morningstar, Inc. reported $2.45B of revenue for fiscal 2025. That was 7.5% higher than fiscal 2024. Compared with fiscal 2020, the change was +76.0%.
| Fiscal year | Revenue | Change (YoY) |
|---|---|---|
| FY 2025 | $2.45B | +7.5% |
| FY 2024 | $2.28B | +11.6% |
| FY 2023 | $2.04B | +9.0% |
| FY 2022 | $1.87B | +10.1% |
| FY 2021 | $1.70B | +22.3% |
| FY 2020 | $1.39B | +17.9% |
| FY 2019 | $1.18B | +15.6% |
| FY 2018 | $1.02B | +11.9% |
| FY 2017 | $911.70M | +14.2% |
| FY 2016 | $798.60M | +1.2% |
| FY 2015 | $788.80M | +3.8% |
| FY 2014 | $760.10M | +8.9% |
| FY 2013 | $698.30M | +6.1% |
| FY 2012 | $658.29M | +4.3% |
| FY 2011 | $631.40M | +13.7% |
| FY 2010 | $555.35M | +15.9% |
| FY 2009 | $479.00M | -4.7% |
| FY 2008 | $502.46M | — |
Source: Morningstar, Inc. SEC filings — income statement (10-K). Computed deterministically; refreshed nightly (last updated August 2, 2026). Open MORN 10-K filings at SEC EDGAR · Methodology · Download CSV.
How to read this history
Morningstar, Inc. reported $2.45B of revenue for fiscal 2025. That was 7.5% higher than fiscal 2024. Compared with fiscal 2020, the change was +76.0%. Values remain missing when the cached filing does not disclose a comparable line item; they are never estimated. Stock splits, reorganizations and fiscal-calendar changes can reduce comparability.
Prepared and reviewed by the stockportfolio.pro research desk. Corrections: support@stockportfolio.pro.
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What is Morningstar, Inc.'s revenue?
Morningstar, Inc. (MORN) reported revenue of $2.45B for fiscal year 2025, per its SEC filings.
How has Morningstar, Inc.'s revenue changed over time?
Between fiscal 2008 and 2025, MORN's revenue grew at roughly 9.8% per year (compound annual rate), from $502.46M to $2.45B.
Where does this data come from?
Figures are computed from Morningstar, Inc.'s official SEC filings (income statement (10-K)), refreshed nightly. Not investment advice.