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Morningstar (MORN)
NASDAQ:MORN
US Market
MORN
Morningstar
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Morningstar (MORN) Income Statement

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Morningstar Income Statement

Last quarter (Q4 2025), Morningstar's total revenue was $641.10M, an increase of 8.48% from the same quarter last year. In Q4, Morningstar's net income was $115.10M. See Morningstar’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 2.45B$ 2.28B$ 2.04B$ 1.87B$ 1.70B
Gross Profit
$ 1.49B$ 1.38B$ 1.20B$ 1.09B$ 1.00B
Operating Expenses
$ 966.00M$ 894.60M$ 964.50M$ 923.50M$ 743.90M
Depreciation and Amortization
$ 189.90M$ 190.40M$ 184.90M$ 166.60M$ 150.70M
EBITDA
$ 728.90M$ 731.60M$ 418.10M$ 325.60M$ 409.90M
Operating Income
$ 526.60M$ 484.80M$ 230.60M$ 167.80M$ 257.00M
Other Income/Expenses
$ -30.90M$ -10.90M$ -56.50M$ -40.80M$ -1.10M
Pretax Income
$ 495.70M$ 473.90M$ 174.10M$ 127.00M$ 255.90M
Net Income
$ 374.20M$ 369.90M$ 141.10M$ 70.50M$ 193.30M
Per Share Metrics
Basic EPS
$ 8.93$ 8.64$ 3.31$ 1.65$ 4.50
Diluted EPS
$ 8.87$ 8.58$ 3.29$ 1.64$ 4.45
Weighted Average Shares Outstanding
 41.90M 42.80M 42.60M 42.60M 43.00M
Weighted Average Shares Outstanding (Diluted)
 42.20M 43.10M 42.90M 42.90M 43.40M
Currency in USD

Morningstar Earnings and Revenue History