Morningstar, Inc.
MORNNASDAQFinancial Services● Active
$182.04
+$0.53(+0.29%)
Market Cap$6.9B
P/E Ratio—
52W High$316.71
52W Low$149.08
Morningstar, Inc. (MORN) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · MORN · as of 2026-06-09
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $2.45B | $2.28B | $2.04B | $1.87B | $1.70B |
| Cost of Revenue | $0.95B | $0.90B | $0.84B | $0.78B | $0.70B |
| Gross Profit | $1.49B | $1.38B | $1.20B | $1.09B | $1.00B |
| Gross Margin %(computed) | 61.03% | 60.63% | 58.62% | 58.34% | 58.90% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.33B | $0.33B | $0.36B | $0.40B | $0.32B |
| Total Operating Expenses | $0.97B | $0.89B | $0.96B | $0.92B | $0.74B |
| Operating Income | $0.53B | $0.48B | $0.23B | $0.17B | $0.26B |
| Operating Margin %(computed) | 21.53% | 21.31% | 11.31% | 8.97% | 15.12% |
| Interest Income | $0.01B | $0.01B | $0.01B | $0.00B | $0.00B |
| Interest Expense | $0.04B | $0.05B | $0.05B | $0.03B | $0.01B |
| Income Before Tax | $0.50B | $0.47B | $0.17B | $0.13B | $0.26B |
| Income Tax Expense | $0.12B | $0.10B | $0.03B | $0.06B | $0.06B |
| Net Income | $0.37B | $0.37B | $0.14B | $0.07B | $0.19B |
| Net Margin %(computed) | 15.30% | 16.26% | 6.92% | 3.77% | 11.38% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $8.93 | $8.64 | $3.31 | $1.65 | $4.50 |
| Wtd Avg Shares | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B |
| EBITDA | $0.73B | $0.73B | $0.42B | $0.33B | $0.41B |
| EBITDA Margin %(computed) | 29.81% | 32.16% | 20.51% | 17.41% | 24.12% |
Data source: Financial Modeling Prep · Last updated: 2026-06-09 · USD · B
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About Morningstar, Inc. (MORN) Income Statement
Morningstar, Inc. (MORN) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, MORN reported revenue of $2.45B, gross profit of $1.49B (gross margin 61.03%), and net income of $0.37B — a net profit margin of 15.30%.
Frequently asked questions
MORN · 4 questionsMorningstar, Inc. (MORN) reported revenue of $2.45B for 2025, up 7.5% year-over-year.
MORN revenueMORN salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-09