MORNMorningstar, Inc.
$204.56-12% 1Y
$204.56
$141.8452 weeks$235.39
The financials
Morningstar, Inc. by the numbers
Morningstar, Inc. (MORN) reported revenue of $663M in Q2 2026 (quarter ended Jun 30, 2026), up 9.6% from the same quarter a year earlier. That came with a gross margin of 64% and net income of $108M (16% of revenue). For the full year FY2025, revenue was $2.45B (+7.5% year on year) and net income $374M. Its largest region in Q2 2026 was United States at $479M, 81% of the disclosed total, well ahead of United Kingdom at 8.0%. The next results filing is expected around Oct 28, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $663M | $605M | +9.6% |
| Gross profit | $424M | $375M | +13% |
| Operating income | $161M | $125M | +28% |
| Net income | $108M | $89M | +21% |
| Diluted EPS | $2.83 | $2.09 | +35% |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $479M | 81% |
| United Kingdom | $47M | 8.0% |
| Canada | $47M | 7.9% |
| Australia | $19M | 3.3% |
Business segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $592.4M (+3.6%)
Canada grew +21% year on yearUnited Kingdom -1.9% year on year
Segment Latestquarter on quarteryear on year
- United States$479.1M$479.1Mquarter on quarter +3.7%year on year +11%+3.7%+11%
- United Kingdom$47.3M$47.3Mquarter on quarter -3.9%year on year -1.9%-3.9%-1.9%
- Canada$46.6M$46.6Mquarter on quarter +9.1%year on year +21%+9.1%+21%
- Australia$19.4M$19.4Mquarter on quarter +7.2%year on year +20%+7.2%+20%