Morningstar Inc

Financial Services · Financial Data & Stock Exchanges

195.20$ -3.1% vs. previous close Closing price · As of: Sep 22, 2026

Statements

Income Statement

Morningstar Inc (MORN) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 663 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement MORN
Line item	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	516	539	543	572	569	591	582	605	617	641	645	663	2,567
Cost of Revenue	203	205	218	223	223	232	231	231	242	249	239	239	969
Gross Profit	313	333	325	349	347	359	351	375	376	392	406	424	1,597
Research & Development	–	81	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	90	92	80	80	78	89	77	82	86	90	84	99	358
Total Operating Expenses	243	239	232	241	231	191	236	249	248	232	250	263	994
Operating Income	70	94	93	109	116	168	114	125	128	160	156	161	604
Interest Expense	16	15	14	13	12	11	8.9	10	9.4	11	16	17	54
Pre-Tax Income	56	88	86	88	149	151	106	115	123	152	142	147	563
Income Tax Expense	17	14	21	19	30	34	27	26	31	36	35	38	141
Net Income	39	74	64	69	120	117	79	89	92	115	107	108	422
EBITDA	120	151	148	152	210	222	165	175	180	209	209	214	812

LTM = last twelve months (sum of the four most recent quarters).

Data as of: September 22, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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