Morningstar Inc.

MORN | NASDAQ

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$198.92

-$2.55 (-1.27%)

Sep 22, 2026, 10:56 AM ET · Market open

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Income Statement Balance Sheet Cashflow Statement Ratios

Annual Quarterly TTM

TTM Period Ending	Q2 2026 Jun 29, 2026	Q1 2026 Mar 30, 2026	Q4 2025 Dec 30, 2025	Q3 2025 Sep 29, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024 Dec 30, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 29, 2024	Q1 2024 Mar 30, 2024	Q4 2023 Dec 30, 2023	Q3 2023 Sep 29, 2023	Q2 2023 Jun 29, 2023	Q1 2023 Mar 30, 2023	Q4 2022 Dec 30, 2022	Q3 2022 Sep 29, 2022	Q2 2022 Jun 29, 2022	Q1 2022 Mar 30, 2022	Q4 2021 Dec 30, 2021	Q3 2021 Sep 29, 2021	Q2 2021 Jun 29, 2021	Q1 2021 Mar 30, 2021
Revenue	2.57B	2.51B	2.45B	2.4B	2.35B	2.31B	2.28B	2.22B	2.17B	2.1B	2.04B	1.97B	1.93B	1.89B	1.87B	1.86B	1.82B	1.76B	1.7B	1.62B	1.55B	1.46B
Cost of Revenue	969.1M	960.4M	952.9M	935.9M	916.9M	909M	895.7M	868.9M	849.1M	842.8M	843.5M	833.1M	825.6M	806.8M	779.3M	773.9M	761.6M	732.4M	698.4M	658.4M	614M	576.7M
Gross Profit	1.6B	1.55B	1.49B	1.46B	1.43B	1.41B	1.38B	1.35B	1.32B	1.26B	1.2B	1.14B	1.1B	1.09B	1.09B	1.08B	1.06B	1.03B	1B	959.1M	931.8M	881.6M
Operating Income	603.9M	568.4M	526.6M	535.2M	522.9M	506.3M	484.8M	411M	365.5M	298.7M	230.6M	171.7M	123.7M	135.9M	167.8M	207.1M	252.9M	246.2M	257M	247.3M	223.8M	237.9M
Interest Income	10.4M	9.8M	11.4M	12.5M	13.3M	13.2M	12.2M	11.6M	11.4M	10.3M	9M	7.2M	4.3M	2.7M	1.7M	1.3M	1.4M	1.6M	1.7M	1.2M	1.5M	1.4M
Pretax Income	563.2M	531.5M	495.7M	495M	521.3M	494.3M	473.9M	410.7M	317.2M	258.8M	174.1M	116.2M	56.8M	64.4M	127M	172.3M	241M	250.3M	255.9M	275.3M	303.3M	319.9M
Net Income	421.6M	402.8M	374.2M	376M	404.1M	384.2M	369.9M	326.5M	245.9M	212.9M	141.1M	70.9M	22.8M	16.8M	70.5M	123.7M	181.7M	184.5M	193.3M	212.1M	239.3M	254.6M
Selling & General & Admin	826M	811.1M	801M	798.4M	782.5M	772.4M	768.2M	754.4M	764.9M	772.9M	779.6M	786.9M	797.5M	776.8M	756.9M	716.6M	649.9M	633.2M	593.2M	563.7M	562.2M	501.8M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	167.5M	168.5M	165M	125.9M	125.1M	126.5M	126.4M	188.5M	189.4M	187.3M	184.9M	183.2M	180.8M	173.8M	166.6M	160.2M	154.1M	151.7M	150.7M	148.1M	145.8M	141.9M
Operating Expenses	993.5M	979.6M	966M	924.3M	907.6M	898.9M	894.6M	942.9M	954.3M	960.2M	964.5M	970.1M	978.3M	950.6M	923.5M	876.8M	804M	784.9M	743.9M	711.8M	708M	643.7M
Interest Expense	53.5M	46.7M	40M	39.3M	42M	44.8M	49.9M	53.8M	57.5M	60.2M	60.7M	58.5M	53.3M	42M	30.1M	20M	11.9M	9.9M	10.4M	11.5M	10.9M	10.5M
Selling & Marketing Expenses	468M	469.6M	467M	465M	457.4M	449M	441M	424.2M	422.6M	420.8M	423.8M	417M	400.4M	382.7M	356.5M	336.4M	319.6M	294.3M	274.8M	257M	236.7M	217.4M
Cost & Expenses	1.96B	1.94B	1.92B	1.86B	1.82B	1.81B	1.79B	1.81B	1.8B	1.8B	1.81B	1.8B	1.8B	1.76B	1.7B	1.65B	1.57B	1.52B	1.44B	1.37B	1.32B	1.22B
Income Tax Expense	140.7M	128.7M	121.5M	119M	117.2M	110.1M	104M	84.2M	71.3M	45.9M	33M	45.3M	34M	47.6M	56.5M	48.6M	59.3M	65.8M	62.6M	63.2M	64M	65.3M
Shares Outstanding (Basic)	37.8M	39.1M	40.5M	42.4M	42.5M	42.8M	42.9M	42.9M	42.8M	42.7M	42.7M	42.7M	42.6M	42.5M	42.5M	42.5M	42.6M	43M	43.1M	43.1M	43M	42.9M
Shares Outstanding (Diluted)	38.1M	39.3M	40.7M	42.6M	42.8M	43.1M	43.1M	43.2M	43.1M	43M	43M	42.9M	42.8M	42.8M	42.7M	42.7M	42.9M	43.3M	43.4M	43.4M	43.3M	43.3M
EPS (Basic)	10.61	9.87	8.96	8.84	9.45	8.95	8.62	7.62	5.75	4.99	3.34	1.70	0.60	0.46	1.67	2.90	4.22	4.28	4.50	4.95	5.59	5.95
EPS (Diluted)	10.56	9.82	8.91	8.79	9.39	8.90	8.57	7.57	5.71	4.95	3.31	1.68	0.59	0.45	1.66	2.88	4.19	4.25	4.46	4.90	5.53	5.89
EBITDA	812.1M	773.3M	728.9M	741.5M	771.7M	748.1M	731.6M	661M	571.1M	513.9M	427.1M	363.5M	296.2M	285.5M	327.3M	354.4M	405.7M	407.8M	411.6M	429.3M	455.7M	469.5M
EBIT	612.8M	579M	539M	550.3M	581.8M	557.6M	541.2M	472.5M	381.7M	326.6M	242.2M	180.3M	115.4M	111.7M	160.7M	194.2M	251.6M	256.1M	260.9M	281.2M	309.9M	327.6M
Depreciation & Amortization	199.3M	194.3M	189.9M	191.2M	189.9M	190.5M	190.4M	188.5M	189.4M	187.3M	184.9M	183.2M	180.8M	173.8M	166.6M	160.2M	154.1M	151.7M	150.7M	148.1M	145.8M	141.9M