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    MORN

    Morningstar, Inc.

    Company overview

    Market capitalization
    $7.19B
    Employees
    10,973
    Latest publication
    2026-09-29
    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.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue663,200,000USD644,800,000USD641,100,000USD617,400,000USD605,100,000USD581,900,000USD591,000,000USD569,400,000USD
    Cost Of Revenue239,300,000USD238,900,000USD249,200,000USD241,700,000USD230,600,000USD231,400,000USD232,200,000USD222,700,000USD
    Gross Profit423,900,000USD405,900,000USD391,900,000USD375,700,000USD374,500,000USD350,500,000USD358,800,000USD346,700,000USD
    Selling General Administrative98,500,000USD84,000,000USD89,600,000USD85,900,000USD82,000,000USD76,500,000USD89,000,000USD77,600,000USD
    Selling And Marketing Expenses118,100,000USD115,200,000USD119,200,000USD115,500,000USD119,700,000USD112,600,000USD—107,900,000USD
    General And Administrative Expenses98,500,000USD———————
    Total Operating Expenses263,300,000USD250,000,000USD232,300,000USD247,900,000USD249,400,000USD236,400,000USD190,600,000USD231,200,000USD
    Operating Income160,600,000USD155,900,000USD159,600,000USD127,800,000USD125,100,000USD114,100,000USD168,200,000USD115,500,000USD
    Total Other Income Expense Net-13,600,000USD-14,200,000USD-8,100,000USD-4,800,000USD-9,800,000USD-8,200,000USD-17,400,000USD33,800,000USD
    Income Before Tax147,000,000USD141,700,000USD151,500,000USD123,000,000USD115,300,000USD105,900,000USD150,800,000USD149,300,000USD
    Income Tax Expense38,300,000USD34,600,000USD36,400,000USD31,400,000USD26,300,000USD27,400,000USD33,900,000USD29,600,000USD
    Equity Method Income Loss-900,000USD———————
    Net Income107,800,000USD107,100,000USD115,100,000USD91,600,000USD89,000,000USD78,500,000USD116,900,000USD119,700,000USD
    Net Income Applicable To Common Shares107,800,000USD———————
    Unclassified Operating Expenses—50,800,000USD23,500,000USD46,500,000USD47,700,000USD47,300,000USD101,600,000USD45,700,000USD
    Interest Income—1,900,000USD2,600,000USD2,400,000USD2,900,000USD3,500,000USD3,700,000USD3,200,000USD
    Interest Expense—15,600,000USD11,400,000USD9,400,000USD10,300,000USD8,900,000USD10,700,000USD12,100,000USD
    Net Interest Income—-13,700,000USD-8,800,000USD-7,000,000USD-7,400,000USD-5,400,000USD-7,000,000USD-8,900,000USD
    Tax Provision—34,600,000USD36,400,000USD31,400,000USD26,300,000USD27,400,000USD33,900,000USD29,600,000USD
    Net Income From Continuing Ops—107,100,000USD115,100,000USD91,600,000USD89,000,000USD78,500,000USD116,900,000USD119,700,000USD
    Ebit—157,400,000USD162,300,000USD132,500,000USD126,800,000USD117,400,000USD173,600,000USD164,000,000USD
    Ebitda—209,100,000USD209,400,000USD179,500,000USD175,300,000USD164,700,000USD222,000,000USD209,700,000USD
    Depreciation And Amortization—51,700,000USD47,100,000USD47,000,000USD48,500,000USD47,300,000USD48,400,000USD45,700,000USD
    Reconciled Depreciation—51,700,000USD47,100,000USD47,000,000USD48,500,000USD47,300,000USD48,400,000USD45,700,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Revenue2,445,500,000USD2,275,100,000USD2,038,600,000USD1,870,600,000USD1,699,300,000USD1,389,500,000USD1,179,000,000USD1,019,900,000USD
    Cost Of Revenue952,900,000USD895,700,000USD843,500,000USD779,300,000USD698,400,000USD556,400,000USD483,100,000USD411,100,000USD
    Gross Profit1,492,600,000USD1,379,400,000USD1,195,100,000USD1,091,300,000USD1,000,900,000USD833,100,000USD695,900,000USD608,800,000USD
    Selling General Administrative334,000,000USD327,200,000USD355,800,000USD400,400,000USD318,400,000USD272,000,000USD210,700,000USD147,800,000USD
    Selling And Marketing Expenses467,000,000USD441,000,000USD423,800,000USD356,500,000USD274,800,000USD206,400,000USD177,900,000USD148,500,000USD
    Unclassified Operating Expenses165,000,000USD126,400,000USD103,700,000USD102,300,000USD90,800,000USD85,600,000USD56,600,000USD53,900,000USD
    Total Operating Expenses966,000,000USD894,600,000USD964,500,000USD923,500,000USD743,900,000USD617,900,000USD506,300,000USD393,000,000USD
    Operating Income526,600,000USD484,800,000USD230,600,000USD167,800,000USD257,000,000USD215,200,000USD189,600,000USD215,800,000USD
    Interest Income11,400,000USD12,200,000USD7,200,000USD1,700,000USD1,700,000USD1,600,000USD2,400,000USD2,300,000USD
    Interest Expense40,000,000USD49,900,000USD51,700,000USD28,400,000USD8,700,000USD11,100,000USD8,700,000USD1,800,000USD
    Net Interest Income-28,600,000USD-37,700,000USD-51,300,000USD-28,400,000USD-8,700,000USD-9,500,000USD-8,700,000USD-1,800,000USD
    Income Before Tax495,700,000USD473,900,000USD174,100,000USD127,000,000USD255,900,000USD283,300,000USD197,600,000USD230,800,000USD
    Income Tax Expense121,500,000USD104,000,000USD33,000,000USD56,500,000USD62,600,000USD59,700,000USD45,600,000USD47,800,000USD
    Tax Provision121,500,000USD104,000,000USD45,300,000USD56,500,000USD62,600,000USD59,700,000USD45,600,000USD47,800,000USD
    Net Income374,200,000USD369,900,000USD141,100,000USD70,500,000USD193,300,000USD223,600,000USD152,000,000USD183,000,000USD
    Net Income From Continuing Ops374,200,000USD369,900,000USD70,900,000USD74,100,000USD187,900,000USD223,300,000USD244,100,000USD280,700,000USD
    Ebit539,000,000USD541,200,000USD233,200,000USD159,000,000USD259,200,000USD294,100,000USD207,200,000USD234,700,000USD
    Ebitda728,900,000USD731,600,000USD418,100,000USD325,600,000USD409,900,000USD433,600,000USD324,900,000USD331,400,000USD
    Depreciation And Amortization189,900,000USD190,400,000USD184,900,000USD166,600,000USD150,700,000USD139,500,000USD117,700,000USD96,700,000USD
    Reconciled Depreciation189,900,000USD190,400,000USD183,200,000USD166,600,000USD150,700,000USD139,500,000USD117,700,000USD96,700,000USD
    Total Other Income Expense Net-30,900,000USD-10,900,000USD-56,500,000USD-40,800,000USD-1,100,000USD68,100,000USD8,000,000USD15,000,000USD
    Research Development——81,200,000USD64,300,000USD59,900,000USD53,900,000USD61,100,000USD42,800,000USD
    Non Operating Income Net Other———-12,400,000USD7,600,000USD77,600,000USD17,600,000USD18,900,000USD
    Net Income Applicable To Common Shares———74,100,000USD187,900,000USD223,300,000USD244,100,000USD280,700,000USD
    Minority Interest———————0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets3,945,700,000USD3,986,300,000USD3,590,200,000USD3,557,600,000USD3,630,500,000USD3,586,300,000USD3,548,900,000USD3,566,300,000USD
    Short Term Investments34,300,000USD39,400,000USD54,200,000USD40,300,000USD38,100,000USD47,700,000USD48,300,000USD48,800,000USD
    Total Current Assets1,034,900,000USD1,063,300,000USD1,038,000,000USD979,200,000USD1,042,300,000USD1,012,300,000USD1,014,100,000USD1,022,800,000USD
    Other Current Assets24,500,000USD113,100,000USD102,700,000USD87,900,000USD98,700,000USD101,600,000USD92,600,000USD92,700,000USD
    Other Non Current Assets22,400,000USD———————
    Total Liabilities2,921,900,000USD———————
    Total Current Liabilities980,300,000USD1,030,700,000USD1,053,300,000USD945,500,000USD921,000,000USD912,300,000USD967,300,000USD895,900,000USD
    Other Current Liabilities4,000,000USD———————
    Other Non Current Liabilities21,000,000USD———————
    Total Equity Including Noncontrolling Interest1,023,800,000USD———————
    Long Term Debt1,713,300,000USD1,694,600,000USD1,072,600,000USD848,900,000USD838,800,000USD803,700,000USD698,600,000USD864,700,000USD
    Deferred Revenue628,400,000USD———————
    Deferred Revenue Non Current19,100,000USD———————
    Net Receivables382,900,000USD418,000,000USD406,600,000USD376,800,000USD402,000,000USD351,500,000USD370,500,000USD328,400,000USD
    Property Plant Equipment Net404,300,000USD400,800,000USD390,900,000USD390,300,000USD390,100,000USD393,700,000USD400,100,000USD369,900,000USD
    Goodwill1,745,600,000USD———————
    Short Term Debt41,800,000USD60,900,000USD41,800,000USD39,900,000USD39,300,000USD37,700,000USD35,100,000USD32,200,000USD
    Common Stock0USD———————
    Retained Earnings2,383,300,000USD2,294,300,000USD2,206,200,000USD2,110,800,000USD2,038,200,000USD1,968,400,000USD1,909,200,000USD1,811,700,000USD
    Accumulated Other Comprehensive Income-85,500,000USD-79,400,000USD-68,100,000USD-71,400,000USD-60,700,000USD-102,400,000USD-119,400,000USD-74,200,000USD
    Cash And Equivalents489,500,000USD———————
    Intangible Assets—591,400,000USD379,300,000USD396,000,000USD413,300,000USD420,400,000USD408,800,000USD432,500,000USD
    Total Liab—2,967,600,000USD2,368,300,000USD2,043,600,000USD2,016,000,000USD1,977,100,000USD1,930,300,000USD2,000,600,000USD
    Total Stockholder Equity—1,018,700,000USD1,221,900,000USD1,514,000,000USD1,614,500,000USD1,609,200,000USD1,618,600,000USD1,565,700,000USD
    Other Current Liab—152,800,000USD303,500,000USD241,700,000USD189,300,000USD140,000,000USD273,600,000USD243,800,000USD
    Capital Stock—0USD0USD0USD0USD0USD0USD0USD
    Good Will—1,747,200,000USD1,610,800,000USD1,614,700,000USD1,618,200,000USD1,601,100,000USD1,562,000,000USD1,579,600,000USD
    Cash—492,800,000USD474,500,000USD474,200,000USD503,500,000USD511,500,000USD502,700,000USD552,900,000USD
    Cash And Short Term Investments—532,200,000USD528,700,000USD514,500,000USD541,600,000USD559,200,000USD551,000,000USD601,700,000USD
    Current Deferred Revenue—669,300,000USD586,100,000USD563,900,000USD594,200,000USD595,300,000USD540,800,000USD539,500,000USD
    Net Debt—1,413,700,000USD933,300,000USD568,400,000USD530,500,000USD491,600,000USD401,300,000USD489,700,000USD
    Short Long Term Debt—18,200,000USD——————
    Short Long Term Debt Total—1,906,500,000USD1,407,800,000USD1,042,600,000USD1,034,000,000USD1,003,100,000USD904,000,000USD1,042,600,000USD
    Long Term Investments—50,300,000USD50,300,000USD71,800,000USD77,200,000USD76,200,000USD85,300,000USD96,000,000USD
    Accounts Payable—104,600,000USD97,900,000USD90,400,000USD90,200,000USD92,600,000USD87,300,000USD80,400,000USD
    Property Plant Equipment Gross—1,331,000,000USD1,290,800,000USD1,275,200,000USD1,244,700,000USD1,215,200,000USD1,190,500,000USD1,159,600,000USD
    Common Stock Shares Outstanding—39,300,000shares40,700,000shares42,600,000shares42,800,000shares43,100,000shares43,100,000shares43,200,000shares
    Non Current Assets Total—2,923,000,000USD2,552,200,000USD2,578,400,000USD2,588,200,000USD2,574,000,000USD2,534,800,000USD2,543,500,000USD
    Non Current Liabilities Total—1,936,900,000USD1,315,000,000USD1,098,100,000USD1,095,000,000USD1,064,800,000USD963,000,000USD1,104,700,000USD
    Non Current Liabilities Other—14,400,000USD14,300,000USD13,700,000USD13,700,000USD12,800,000USD11,400,000USD20,100,000USD
    Non Currrent Assets Other—47,300,000USD42,200,000USD39,900,000USD37,500,000USD36,700,000USD35,400,000USD34,600,000USD
    Net Working Capital—32,600,000USD-15,300,000USD33,700,000USD121,300,000USD100,000,000USD46,800,000USD126,900,000USD
    Unclassified Non Current Assets—86,000,000USD78,700,000USD65,700,000USD51,900,000USD45,900,000USD43,200,000USD30,900,000USD
    Unclassified Current Liabilities—24,900,000USD24,000,000USD9,600,000USD—46,700,000USD30,500,000USD—
    Unclassified Non Current Liabilities—227,900,000USD228,100,000USD235,500,000USD242,500,000USD248,300,000USD253,000,000USD219,900,000USD
    Unclassified Equity—-1,196,200,000USD-916,200,000USD-525,400,000USD-363,000,000USD-256,800,000USD-171,200,000USD-171,800,000USD
    Inventory———————-44,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets3,590,200,000USD3,548,900,000USD3,403,400,000USD3,474,800,000USD2,862,700,000USD2,696,000,000USD2,370,900,000USD1,453,800,000USD
    Intangible Assets379,300,000USD408,800,000USD484,400,000USD548,600,000USD328,200,000USD380,100,000USD333,400,000USD73,900,000USD
    Other Current Assets102,700,000USD92,600,000USD82,200,000USD88,300,000USD63,700,000USD58,500,000USD40,900,000USD31,700,000USD
    Total Liab2,368,300,000USD1,930,300,000USD2,075,600,000USD2,267,700,000USD1,446,800,000USD1,424,600,000USD1,287,300,000USD519,100,000USD
    Total Stockholder Equity1,221,900,000USD1,618,600,000USD1,327,800,000USD1,207,100,000USD1,415,900,000USD1,271,400,000USD1,083,600,000USD934,700,000USD
    Other Current Liab327,500,000USD273,600,000USD216,200,000USD281,300,000USD293,200,000USD279,800,000USD198,900,000USD3,100,000USD
    Capital Stock0USD0USD0USD0USD0USD0USD0USD0USD
    Retained Earnings2,206,200,000USD1,909,200,000USD1,610,800,000USD1,535,000,000USD1,526,500,000USD1,389,400,000USD1,217,900,000USD1,114,800,000USD
    Good Will1,610,800,000USD1,562,000,000USD1,578,800,000USD1,571,700,000USD1,207,000,000USD1,205,000,000USD1,039,100,000USD556,700,000USD
    Cash474,500,000USD502,700,000USD337,900,000USD376,600,000USD483,800,000USD422,500,000USD334,100,000USD369,300,000USD
    Cash And Short Term Investments528,700,000USD551,000,000USD389,000,000USD414,600,000USD546,100,000USD464,200,000USD367,500,000USD395,900,000USD
    Total Current Assets1,038,000,000USD1,014,100,000USD815,700,000USD810,800,000USD887,600,000USD730,000,000USD603,200,000USD601,600,000USD
    Total Current Liabilities1,053,300,000USD967,300,000USD880,800,000USD882,500,000USD783,500,000USD626,500,000USD495,800,000USD362,800,000USD
    Current Deferred Revenue586,100,000USD540,800,000USD517,700,000USD455,600,000USD377,400,000USD306,800,000USD250,100,000USD195,800,000USD
    Net Debt933,300,000USD401,300,000USD822,300,000USD947,000,000USD47,700,000USD204,200,000USD353,500,000USD-299,300,000USD
    Short Term Debt41,800,000USD35,100,000USD68,500,000USD69,400,000USD36,400,000USD39,900,000USD46,800,000USD109,500,000USD
    Short Long Term Debt Total1,407,800,000USD904,000,000USD1,160,200,000USD1,323,600,000USD531,500,000USD626,700,000USD687,600,000USD179,500,000USD
    Long Term Debt1,072,600,000USD698,600,000USD940,300,000USD1,077,500,000USD359,400,000USD449,100,000USD502,100,000USD70,000,000USD
    Long Term Investments50,300,000USD85,300,000USD100,200,000USD96,000,000USD63,300,000USD32,600,000USD59,600,000USD63,100,000USD
    Short Term Investments54,200,000USD48,300,000USD51,100,000USD38,000,000USD62,300,000USD41,700,000USD33,400,000USD26,600,000USD
    Net Receivables406,600,000USD370,500,000USD344,500,000USD307,900,000USD277,800,000USD207,300,000USD194,800,000USD174,000,000USD
    Accounts Payable97,900,000USD87,300,000USD78,400,000USD76,200,000USD76,500,000USD233,700,000USD58,900,000USD54,400,000USD
    Property Plant Equipment Net390,900,000USD400,100,000USD371,600,000USD391,000,000USD321,000,000USD302,800,000USD299,500,000USD143,500,000USD
    Property Plant Equipment Gross1,290,800,000USD1,190,500,000USD1,085,600,000USD391,000,000USD321,000,000USD302,800,000USD299,500,000USD143,500,000USD
    Accumulated Other Comprehensive Income-68,100,000USD-119,400,000USD-86,500,000USD-99,000,000USD-35,300,000USD-22,000,000USD-60,600,000USD-75,000,000USD
    Common Stock Shares Outstanding42,200,000shares43,100,000shares42,900,000shares42,900,000shares43,400,000shares43,200,000shares43,200,000shares43,000,000shares
    Non Current Assets Total2,552,200,000USD2,534,800,000USD2,587,700,000USD2,664,000,000USD1,975,100,000USD1,966,000,000USD1,767,700,000USD852,200,000USD
    Non Current Liabilities Total1,315,000,000USD963,000,000USD1,194,800,000USD1,385,200,000USD663,300,000USD798,100,000USD791,500,000USD156,300,000USD
    Non Current Liabilities Other14,300,000USD11,400,000USD17,500,000USD244,800,000USD202,200,000USD240,100,000USD194,400,000USD39,600,000USD
    Non Currrent Assets Other42,200,000USD35,400,000USD38,100,000USD45,900,000USD42,800,000USD32,900,000USD25,400,000USD15,000,000USD
    Net Working Capital-15,300,000USD46,800,000USD-65,100,000USD-71,700,000USD104,100,000USD103,500,000USD107,400,000USD238,800,000USD
    Unclassified Non Current Assets78,700,000USD43,200,000USD—-45,900,000USD-42,800,000USD-213,400,000USD-25,400,000USD-15,000,000USD
    Unclassified Non Current Liabilities228,100,000USD253,000,000USD237,000,000USD-131,000,000USD-168,200,000USD-211,300,000USD-150,700,000USD-86,300,000USD
    Unclassified Equity-916,200,000USD-171,200,000USD-196,500,000USD757,800,000USD-726,900,000USD-600,100,000USD-428,600,000USD-313,000,000USD
    Other Assets—-3,467,600,000USD-41,900,000USD56,700,000USD55,600,000USD226,000,000USD36,100,000USD15,000,000USD
    Inventory—-39,200,000USD—1USD————
    Unclassified Current Liabilities—30,500,000USD-32,100,000USD-32,100,000USD—-233,700,000USD-69,900,000USD—
    Short Long Term Debt——32,100,000USD32,100,000USD——11,000,000USD—
    Deferred Long Term Liab———62,900,000USD101,700,000USD108,900,000USD95,000,000USD46,700,000USD
    Other Liab———131,000,000USD168,200,000USD211,300,000USD150,700,000USD86,300,000USD
    Treasury Stock———-986,700,000USD-764,300,000USD-767,300,000USD-728,700,000USD-726,800,000USD
    Net Tangible Assets———-913,200,000USD-119,300,000USD-313,700,000USD-288,900,000USD304,100,000USD
    Common Stock————1,415,900,000USD1,271,400,000USD1,083,600,000USD934,700,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation105,200,000USD
    Stock Based Compensation38,100,000USD
    Other Non Cash Items10,600,000USD
    Change To Account Receivables9,600,000USD
    Change In Working Capital-71,400,000USD
    Operating Cash Flow247,200,000USD
    Capital Expenditures-71,100,000USD
    Net Investments19,900,000USD
    Other Investing Activities-360,000,000USD
    Unclassified Investing Cash Flow800,000USD
    Investing Cash Flow-410,400,000USD
    Net Common Stock Issuance-400,000,000USD
    Common Dividends Paid-38,900,000USD
    Other Financing Activities-10,100,000USD
    Unclassified Financing Cash Flow635,300,000USD
    Financing Cash Flow186,300,000USD
    Effect Of Forex Changes On Cash-8,100,000USD
    Change In Cash15,000,000USD
    End Cash Flow489,500,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income107,100,000USD115,100,000USD91,600,000USD89,000,000USD78,500,000USD116,900,000USD119,700,000USD69,100,000USD
    Depreciation51,700,000USD47,100,000USD47,000,000USD-47,300,000USD47,300,000USD48,400,000USD45,700,000USD49,100,000USD
    Stock Based Compensation10,800,000USD10,300,000USD18,600,000USD-9,100,000USD9,100,000USD15,900,000USD13,200,000USD14,200,000USD
    Other Non Cash Items2,000,000USD-10,300,000USD-1,600,000USD110,200,000USD4,000,000USD-50,500,000USD-39,600,000USD16,800,000USD
    Change To Account Receivables-9,000,000USD-26,800,000USD18,200,000USD-34,700,000USD17,300,000USD-38,500,000USD8,100,000USD-13,600,000USD
    Change In Working Capital-67,400,000USD64,300,000USD56,300,000USD-50,700,000USD-41,000,000USD36,500,000USD60,000,000USD9,900,000USD
    Total Cash From Operating Activities91,500,000USD204,000,000USD195,700,000USD99,000,000USD91,000,000USD153,400,000USD191,900,000USD152,700,000USD
    Capital Expenditures-37,900,000USD-42,700,000USD-35,600,000USD-36,600,000USD-32,200,000USD-40,600,000USD-36,100,000USD-31,900,000USD
    Free Cash Flow53,600,000USD161,300,000USD160,100,000USD62,400,000USD58,800,000USD112,800,000USD155,800,000USD120,800,000USD
    Investments13,200,000USD9,200,000USD-33,000,000USD-23,900,000USD-70,700,000USD24,100,000USD14,100,000USD-32,800,000USD
    Total Cashflows From Investing Activities-384,400,000USD-11,700,000USD-33,000,000USD-23,900,000USD-70,700,000USD24,100,000USD14,100,000USD-32,800,000USD
    Net Borrowings640,000,000USD225,000,000USD10,000,000USD35,000,000USD105,000,000USD-166,300,000USD-35,000,000USD—
    Total Cash From Financing Activities316,900,000USD-194,000,000USD-188,100,000USD-108,500,000USD-24,100,000USD-199,100,000USD-60,200,000USD-81,600,000USD
    Dividends Paid-19,900,000USD-18,900,000USD-19,200,000USD-19,300,000USD-19,500,000USD-17,300,000USD-17,400,000USD-17,300,000USD
    Sale Purchase Of Stock-300,000,000USD-395,300,000USD-170,100,000USD-112,000,000USD-109,600,000USD-11,600,000USD-7,900,000USD-14,300,000USD
    Change In Cash18,300,000USD300,000USD-29,300,000USD-8,000,000USD8,800,000USD-50,200,000USD161,700,000USD37,500,000USD
    Begin Period Cash Flow474,500,000USD474,200,000USD503,500,000USD511,500,000USD502,700,000USD552,900,000USD391,200,000USD353,700,000USD
    End Period Cash Flow492,800,000USD474,500,000USD474,200,000USD503,500,000USD511,500,000USD502,700,000USD552,900,000USD391,200,000USD
    Other Cashflows From Financing Activities-3,200,000USD-4,800,000USD-8,800,000USD-12,200,000USD-4,600,000USD-3,900,000USD100,000USD-14,300,000USD
    Unclassified Operating Cash Flow-12,700,000USD-22,500,000USD-16,200,000USD6,900,000USD-6,900,000USD-13,800,000USD-7,100,000USD-6,400,000USD
    Unclassified Investing Cash Flow-359,700,000USD—35,400,000USD20,800,000USD32,200,000USD-23,900,000USD35,900,000USD32,800,000USD
    Other Cashflows From Investing Activities—22,500,000USD200,000USD15,800,000USD—64,500,000USD200,000USD-900,000USD
    Unclassified Financing Cash Flow————4,600,000USD——-35,700,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income374,200,000USD369,900,000USD141,100,000USD70,500,000USD193,300,000USD223,600,000USD152,000,000USD183,000,000USD
    Depreciation189,900,000USD190,400,000USD184,900,000USD166,600,000USD150,700,000USD139,500,000USD117,700,000USD96,700,000USD
    Stock Based Compensation56,400,000USD54,700,000USD52,800,000USD83,200,000USD41,900,000USD36,600,000USD44,400,000USD31,700,000USD
    Other Non Cash Items38,900,000USD-81,400,000USD-58,100,000USD26,800,000USD12,500,000USD-47,600,000USD-15,200,000USD-14,000,000USD
    Change To Account Receivables-26,000,000USD-30,300,000USD-38,200,000USD-38,600,000USD-67,900,000USD-9,200,000USD11,300,000USD-29,600,000USD
    Change In Working Capital28,900,000USD92,800,000USD28,100,000USD-12,000,000USD63,600,000USD38,900,000USD41,500,000USD18,500,000USD
    Total Cash From Operating Activities589,700,000USD591,600,000USD316,400,000USD297,800,000USD449,900,000USD384,300,000USD334,400,000USD314,800,000USD
    Capital Expenditures-147,100,000USD-142,700,000USD-119,100,000USD-129,500,000USD-101,800,000USD-76,700,000USD-80,000,000USD-76,100,000USD
    Free Cash Flow442,600,000USD448,900,000USD197,300,000USD168,300,000USD348,100,000USD307,600,000USD254,400,000USD238,700,000USD
    Investments23,300,000USD-21,300,000USD-87,400,000USD-22,900,000USD-41,000,000USD19,000,000USD15,700,000USD16,000,000USD
    Total Cashflows From Investing Activities-139,300,000USD-21,300,000USD-81,900,000USD-799,300,000USD-167,700,000USD-123,800,000USD-746,300,000USD-49,900,000USD
    Net Borrowings375,000,000USD-274,400,000USD-137,500,000USD750,900,000USD-90,000,000USD-413,400,000USD444,400,000USD-110,000,000USD
    Total Cash From Financing Activities-514,700,000USD-384,400,000USD-278,400,000USD415,100,000USD-211,800,000USD-182,200,000USD373,700,000USD-188,800,000USD
    Dividends Paid-76,900,000USD-69,300,000USD-63,900,000USD-61,500,000USD-54,200,000USD-51,400,000USD-47,800,000USD-42,600,000USD
    Sale Purchase Of Stock-787,000,000USD-11,600,000USD-1,400,000USD-226,000,000USD-1,300,000USD-41,900,000USD-4,900,000USD-20,900,000USD
    Change In Cash-28,200,000USD164,800,000USD-38,700,000USD-107,200,000USD61,300,000USD88,400,000USD-35,200,000USD61,100,000USD
    Begin Period Cash Flow502,700,000USD337,900,000USD376,600,000USD483,800,000USD422,500,000USD334,100,000USD369,300,000USD308,200,000USD
    End Period Cash Flow474,500,000USD502,700,000USD337,900,000USD376,600,000USD483,800,000USD422,500,000USD334,100,000USD369,300,000USD
    Other Cashflows From Investing Activities27,600,000USD57,900,000USD10,600,000USD-646,900,000USD-24,900,000USD-66,100,000USD-682,000,000USD100,000USD
    Other Cashflows From Financing Activities-25,800,000USD-29,100,000USD-75,600,000USD1,076,700,000USD-66,300,000USD-25,500,000USD-18,000,000USD-15,300,000USD
    Unclassified Operating Cash Flow-98,600,000USD-34,800,000USD-32,400,000USD-37,300,000USD-12,100,000USD-6,700,000USD-6,000,000USD—
    Unclassified Investing Cash Flow-43,100,000USD84,800,000USD114,000,000USD————10,100,000USD
    Change To Inventory———2,000,000USD-7,100,000USD9,500,000USD-3,200,000USD—
    Change To Liabilities———39,400,000USD137,200,000USD46,200,000USD36,800,000USD11,600,000USD
    Cash And Cash Equivalents Changes———-86,400,000USD484,900,000USD452,800,000USD-35,200,000USD61,100,000USD
    Unclassified Financing Cash Flow———-1,125,000,000USD—350,000,000USD——
    Exchange Rate Changes————-9,100,000USD10,100,000USD3,000,000USD-15,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductAsset Based96,800,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductLicensed Based455,100,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductTransaction Based111,300,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentMorningstar Credit60,300,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentMorningstar Data And Analytics222,100,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentMorningstar Retirement37,900,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentMorningstar Wealth104,900,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentPitch Book174,700,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductAsset Based95,100,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31ProductLicensed Based444,900,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31ProductTransaction Based104,800,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentMorningstar Credit58,000,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentMorningstar Data And Analytics215,200,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentMorningstar Retirement38,800,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentMorningstar Wealth101,000,000USD0001289419-26-000025
    Q1 2026Quarterly · 2026-03-31SegmentPitch Book172,400,000USD0001289419-26-000025
    Q4 2025Quarterly · 2025-12-31ProductAsset Based90,200,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductLicensed Based437,800,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductTransaction Based113,100,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentCorporate And Other199,700,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentMorningstar Credit166,700,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentMorningstar Data And Analytics211,100,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentMorningstar Retirement38,100,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentMorningstar Wealth2,300,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentPitch Book172,600,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductAsset Based343,000,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31ProductLicensed Based1,719,200,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31ProductTransaction Based383,300,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentCorporate And Other199,700,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentMorningstar Credit354,400,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentMorningstar Data And Analytics830,600,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentMorningstar Retirement137,600,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentMorningstar Wealth251,400,000USD0001289419-26-000013
    FY 2025Yearly · 2025-12-31SegmentPitch Book671,800,000USD0001289419-26-000013
    Q3 2025Quarterly · 2025-09-30ProductAsset Based84,700,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30ProductLicensed Based435,000,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30ProductTransaction Based97,700,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30SegmentMorningstar Credit62,100,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30SegmentMorningstar Data And Analytics211,100,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30SegmentMorningstar Retirement34,200,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30SegmentMorningstar Wealth91,100,000USD0001289419-25-000168
    Q3 2025Quarterly · 2025-09-30SegmentPitch Book169,000,000USD0001289419-25-000168
    Q2 2025Quarterly · 2025-06-30ProductAsset Based82,400,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30ProductLicensed Based428,400,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30ProductTransaction Based94,300,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30SegmentMorningstar Credit64,300,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30SegmentMorningstar Data And Analytics209,200,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30SegmentMorningstar Retirement32,400,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30SegmentMorningstar Wealth85,000,000USD0001289419-25-000145
    Q2 2025Quarterly · 2025-06-30SegmentPitch Book166,500,000USD0001289419-25-000145
    Q1 2025Quarterly · 2025-03-31ProductAsset Based85,700,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31ProductLicensed Based418,000,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31ProductTransaction Based78,200,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentMorningstar Credit61,300,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentMorningstar Data And Analytics199,200,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentMorningstar Retirement32,900,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentMorningstar Wealth73,000,000USD0001289419-26-000025
    Q1 2025Quarterly · 2025-03-31SegmentPitch Book163,700,000USD0001289419-26-000025
    Q4 2024Quarterly · 2024-12-31ProductAsset Based87,700,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductLicensed Based414,400,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductTransaction Based88,900,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentCorporate And Other202,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentMorningstar Credit107,700,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentMorningstar Data And Analytics196,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentMorningstar Retirement33,600,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentMorningstar Wealth39,600,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentPitch Book162,500,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductAsset Based333,200,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31ProductLicensed Based1,625,100,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31ProductTransaction Based316,800,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentCorporate And Other202,000,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentMorningstar Credit291,100,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentMorningstar Data And Analytics788,100,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentMorningstar Retirement127,100,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentMorningstar Wealth248,400,000USD0001289419-26-000013
    FY 2024Yearly · 2024-12-31SegmentPitch Book618,400,000USD0001289419-26-000013
    Q3 2024Quarterly · 2024-09-30ProductAsset Based83,800,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30ProductLicensed Based408,800,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30ProductTransaction Based76,800,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30SegmentMorningstar Credit61,800,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30SegmentMorningstar Data And Analytics198,500,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30SegmentMorningstar Retirement31,800,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30SegmentMorningstar Wealth70,900,000USD0001289419-25-000168
    Q3 2024Quarterly · 2024-09-30SegmentPitch Book156,600,000USD0001289419-25-000168
    FY 2023Yearly · 2023-12-31ProductAsset Based279,600,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31ProductLicensed Based1,517,500,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31ProductTransaction Based241,500,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentCorporate And Other183,700,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentMorningstar Credit215,400,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentMorningstar Data And Analytics747,200,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentMorningstar Retirement110,500,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentMorningstar Wealth229,900,000USD0001289419-26-000013
    FY 2023Yearly · 2023-12-31SegmentPitch Book551,900,000USD0001289419-26-000013
    FY 2022Yearly · 2022-12-31ProductAsset Based269,400,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31ProductLicensed Based1,331,700,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31ProductTransaction Based269,500,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31SegmentCorporate And Other153,500,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31SegmentMorningstar Credit236,900,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31SegmentMorningstar Data And Analytics696,600,000USD0001289419-25-000041
    FY 2022Yearly · 2022-12-31SegmentMorningstar Retirement104,000,000USD0001289419-25-000041

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.