The financials
Morningstar, Inc. by the numbers
Morningstar, Inc. (MORN) reported revenue of $645M in Q1 2026 (quarter ended March 31, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 63% and net income of $107M (17% of revenue). For the full year FY2025, revenue was $2.45B (+7.5% year on year) and net income $374M. Its largest region in 2026-Q1 was US at $462M, 72% of the disclosed total, just ahead of Europe Excluding United Kingdom at 8.8%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $645M | $582M | +11% |
| Gross profit | $406M | $351M | +16% |
| Operating income | $156M | $114M | +37% |
| Net income | $107M | $79M | +36% |
| Diluted EPS | $2.73 | $1.82 | +50% |
| Geographic | Revenue | Share |
|---|---|---|
| US | $462M | 72% |
| Europe Excluding United Kingdom | $57M | 8.8% |
| GB | $49M | 7.6% |
| CA | $43M | 6.6% |
| AU | $18M | 2.8% |
| Asia | $12M | 1.8% |
| Segment Geographical Group Of Other Countries | $4.0M | 0.6% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $644.8M (+4.4%)
Segment Geographical Group Of Other Countries grew +33% year on yearAsia -0.84% year on year
Segment Latestquarter on quarteryear on year
- US$462.0M$462.0MQoQ +4.8%year on year +8.8%+4.8%+8.8%
- Europe Excluding United Kingdom$57.0M$57.0MQoQ +3.4%year on year +13%+3.4%+13%
- GB$49.2M$49.2MQoQ +2.1%year on year +13%+2.1%+13%
- CA$42.7M$42.7MQoQ +4.1%year on year +29%+4.1%+29%
- AU$18.1M$18.1MQoQ +8.4%year on year +20%+8.4%+20%
- Asia$11.8M$11.8MQoQ -4.8%year on year -0.84%-4.8%-0.84%
- Segment Geographical Group Of Other Countries$4.0M$4.0MQoQ +21%year on year +33%+21%+33%
Financial Data & Stock Exchanges
Ranks #7 of 11 by Smart Score