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Morningstar(NASDAQ) MORN

Market Cap$8.01BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2005)+1,067%
5 Year-16%
1 Year-17%
1 Month+24%
$213.74
+2.40%
+5.01Today
After hours$215.44+$1.70 (+0.80%)
Morningstar last closing stock price
MetricPriceDate
Last closeUSD 213.652026-08-19
Morningstar stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+8.17%USD 197.512026-08-12
1 month+24.39%USD 171.762026-07-20
3 month+23.61%USD 172.852026-05-21
Year to date-0.87%USD 215.522025-12-31
1 year-17.09%USD 257.702025-08-19
3 year+1.11%USD 211.302023-08-18
5 year-15.75%USD 253.602021-08-20
Since inception+1,067.02%USD 17.722005-05-03

Morningstar Financials at a Glance

Market Cap

$8.01BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.57B

Net Income (TTM)

$421.60M

EPS (TTM)

$10.55

P/E Ratio

20.25

Dividend

$1.96

Beta (Volatility)

0.95 (Low)

Price

$213.74

Volume

512

Open

$208.00

Previous Close

$213.65

Daily Range

$207.69 - $217.82

52-Week Range

$141.49 - $266.05

Estimated Earnings Date

Oct 28, 2026

MORN News

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Morningstar (MORN) Q2 EPS Jumps 19%

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Page 1

MORN: Motley Fool Moneyball Superscore

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About Morningstar

Morningstar helps people understand how to invest their money wisely. It gives financial advisors and regular people clear information about investments. The company helps users choose stocks and plan for their retirement.

What Does Morningstar Do?

  • Morningstar Direct Platform: Research and data platform for professional investors; earned $222.1 million in the second quarter of 2026.
  • PitchBook: Data software for venture capital and private equity markets; generated $174.7 million in the second quarter of 2026.
  • Morningstar Credit: Credit ratings and analysis for bonds and corporate debt; contributed $104.9 million in the second quarter of 2026.
  • Morningstar Wealth: Investment tools and portfolio models for financial advisors; produced $60.3 million in the second quarter of 2026.
  • Morningstar Retirement: Managed accounts and fiduciary services for workplace savings; earned $37.9 million in the second quarter of 2026.

Strategic Moves and Fresh Assets

  • Finalized the acquisition of CRSP to expand its index business.
  • Purchased DealX and Lumonic Inc. in the first six months of 2025.
  • Moved data systems to cloud-based technology to improve speed and lower costs.
  • Started using artificial intelligence to enhance research tools for its software products.

How the Business Stays Strong

Morningstar operates in several regions, including Canada, Australia, and Europe. Most revenue comes from long-term subscription fees and charges based on investment levels.

Key Financial Numbers

  • Consolidated revenue rose 9.6% to $663.2 million in the second quarter of 2026.
  • Operating income grew 28.4% to $160.6 million for the three-month period ended June 30, 2026.
  • Free cash flow reached $122.5 million in the second quarter of 2026, up 96.3% year over year.
  • Cash provided by operating activities increased 30.1% to $247.2 million in the first six months of 2026.

Bottom Line

Morningstar has moved beyond fund ratings to provide data for many global markets. Its focus on subscriptions and new technology helps maintain a steady business.

AI Generated • Aug 4, 2026

Industry

Capital Markets

Sector

Financials

Employees

10,973

CEO

Kunal Kapoor, CFA, MBA

Website

www.morningstar.com

Headquarters

Chicago, IL 60602, US

MORN Financials

Key Financial Metrics (TTM)

Gross Margin

62.24%

Operating Margin

23.53%

Net Income Margin

16.43%

Return on Equity

35.29%

Return on Capital

20.03%

Return on Assets

10.69%

Earnings Yield

4.94%

Dividend Yield

0.92%

Payout Ratio

18.26%

Stock Overview

Market Cap

$8.01BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

37.51M

Volume

512

Avg. Volume

437.67K

Financials (TTM)

Gross Profit

$1.60B

Operating Income

$603.90M

EBITDA

$812.10M

Operating Cash Flow

$646.90M

Capital Expenditure

-$149.40M

Free Cash Flow

$497.50M

Cash & ST Invst.

$523.80M

Total Debt

$1.90B

Morningstar Performance Analysis

Morningstar annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,870,600,00010.1%
20232023-12-31USD 2,038,600,0009.0%
20242024-12-31USD 2,275,100,00011.6%
20252025-12-31USD 2,445,500,0007.5%
Morningstar sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-302.0%
Q42025-12-313.8%
Q12026-03-310.6%
Q22026-06-302.9%
Morningstar annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.64-63.1%
20232023-12-31USD 3.29100.1%
20242024-12-31USD 8.58160.9%
20252025-12-31USD 8.873.3%
Morningstar sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-303.8%
Q42025-12-3130.4%
Q12026-03-31-3.5%
Q22026-06-303.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$663.20M

+9.6%

Gross Profit

$423.90M

+13.2%

Gross Margin

63.92%

N/A

Market Cap

$8.01BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$730.41K

N/A

Employees

10,973

N/A

Net Income

$107.80M

+21.1%

EBITDA

$214.10M

+22.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$523.80M

-3.3%

Total Debt

$1.90B

+84.2%

Accounts Receivable

$395.60M

-1.6%

Inventory

$0.00

N/A

Long Term Debt

$1.84B

+85.5%

Short Term Debt

$60.00M

+52.7%

Return on Assets

10.69%

N/A

Return on Invested Capital

20.36%

N/A

Free Cash Flow

$122.50M

+96.3%

Operating Cash Flow

$155.70M

+57.3%

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Questions About MORN

What is the current price of Morningstar?

Morningstar is trading at $213.65 per share.

What is the 52-week range for Morningstar?

Over the past 52 weeks, Morningstar has traded between $141.49 and $266.05.

How much debt does Morningstar have?

As of the most recent reporting period, Morningstar reported total debt of $1.90B.

How much cash does Morningstar have on hand?

Morningstar reported $489.50M in cash and cash equivalents in its most recent financial results.

What is Morningstar’s dividend yield?

Morningstar currently has a dividend yield of 0.92%.

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