Morningstar, Inc.
Morningstar, Inc. (Nasdaq: MORN) is a global provider of investment data, research, ratings, analytics, software, indexes, and investment management services for advisors, asset managers, investors, financial institutions, issuers, and retirement plans. Its five reportable segments are Morningstar Direct Platform,… From the company’s description.
Over the twelve months to Sep 30, 2026, Morningstar, Inc. reported revenue of $2.62B, up 9.4% from a year earlier, and net income of $445.50M. Its pre-tax margin was 24.5%. In fiscal 2025, it reported revenue of $2.45B, up 7.5% from fiscal 2024, and net income of $374.20M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Morningstar, Inc. does
In the company’s own words
Morningstar, Inc. (Nasdaq: MORN) is a global provider of investment data, research, ratings, analytics, software, indexes, and investment management services for advisors, asset managers, investors, financial institutions, issuers, and retirement plans. Its five reportable segments are Morningstar Direct Platform, which supplies investment data and research tools; PitchBook, which covers private and public markets; Morningstar Credit, which provides credit ratings, research, data, and analytics; Morningstar Wealth, which offers managed portfolios, wealth platforms, and investor services; and Morningstar Retirement, which provides managed accounts, fiduciary services, and custom models. Corporate and All Other includes Morningstar Sustainalytics’ environmental, social, and governance data and ratings, Morningstar Indexes, and corporate activities. As of December 31, 2025, the company had approximately $378.0 billion in assets under management and advisement across its offerings and 10,973 full-time employees. Its brands include PitchBook, Morningstar DBRS, Morningstar Investor, and Sustainalytics. Its website is https://www.morningstar.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Banks & Brokers
- Headquarters
- CHICAGO, IL
- Fiscal year end
- December
- CIK
- 1289419
- SIC
- 6282
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Morningstar, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Morningstar, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Morningstar, Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Morningstar, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Morningstar, Inc.'s last four quarterly filings that the numbers alone won't show?”