Morningstar Inc
MORN
NASDAQ
Financial Services
$217.49
USD
+3.84 (+1.80%)
At close: Aug 20, 2026, 4:00 PM EDT
Market Cap $7.39B
Volume 287.5K
Revenue
$2.57B
TTM
+9.3%
YoY
Gross Margin
62%
TTM
+2.1%
YoY
Net Income
$421.60M
TTM
+4.3%
YoY
Operating Cash Flow
$646.90M
TTM
+20.8%
YoY
Revenue & Net Income
USD Millions
Margins Trend
Percent of revenue
Income Statement Detail
USD Millions, except per-share and share count figures
Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
Revenue | 605.1 | 617.4 | 641.1 | 644.8 | 663.2 |
YoY Growth | +5.8% | +8.4% | +8.5% | +10.8% | +9.6% |
Cost of Revenue | 230.6 | 241.7 | 249.2 | 238.9 | 239.3 |
Gross Profit | 374.5 | 375.7 | 391.9 | 405.9 | 423.9 |
Selling, General & Administrative | 201.7 | 201.4 | 208.8 | 199.2 | 216.6 |
Other Operating Expenses | -0.8 | 0.0 | 0.0 | -0.9 | -6.8 |
Total Operating Expenses | 249.4 | 248.4 | 255.9 | 250.0 | 263.3 |
Operating Income | 125.1 | 127.3 | 136.0 | 155.9 | 160.6 |
EBITDA | 173.6 | 174.3 | 183.1 | 207.6 | 214.1 |
Other Income / Expense | -1.2 | 2.8 | 23.7 | -0.5 | 3.5 |
Total Other Income / Expense | -8.6 | -4.2 | 14.9 | -14.2 | -13.6 |
Income Before Income Taxes | 116.5 | 123.1 | 150.9 | 141.7 | 147.0 |
Income Taxes | 26.3 | 31.4 | 36.4 | 34.6 | 38.3 |
Net Income | 89.0 | 91.6 | 115.1 | 107.1 | 107.8 |
Consolidated Net Income / Loss | 89.0 | 91.6 | 115.1 | 107.1 | 107.8 |
Net Income Attributable to Common Shareholders | 89.0 | 91.6 | 115.1 | 107.1 | 107.8 |
Basic EPS | $2.11 | $2.18 | $2.84 | $2.74 | $2.85 |
Diluted EPS | $2.09 | $2.17 | $2.81 | $2.73 | $2.83 |
Basic Shares Outstanding | 42.2M | 42.1M | 40.5M | 39.1M | 37.8M |
Diluted Shares Outstanding | 42.5M | 42.3M | 40.9M | 39.3M | 38.1M |