Morningstar, Inc.MORN
What Morningstar, Inc. does.
Our mission is to empower investor success. We deliver connected data, independent research, investor-first tools, and long-term portfolio strategies with a focus on removing frictions that can slow decisions, cloud markets, and drive up costs.
Morningstar, Inc. is a leading global provider of independent investment insights. Our core competencies are data, research, design, and technology, and we employ each of these to create products built on the depth and breadth of our data that are designed to clearly convey complex investment information. We offer a variety of products and solutions that serve a wide range of market participants.
Through our Morningstar Direct Platform and PitchBook segments and Morningstar Sustainalytics products, our customers can access a wide selection of investment data, research, ratings, and tools on our proprietary desktop or web-based software platforms; through direct data feeds and application programming interfaces (APIs); and via artificial intelligence (AI) integrations, which offer AI-ready access to data, research, and capabilities through Model Context Protocol (MCP) and intelligent agents. We also offer access via third parties in our alliances and redistributors customer segment.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $1.9B | $2.0B | $2.3B | $2.4B |
| Net income | $223.6M | $193.3M | $70.5M | $141.1M | $369.9M | $374.2M |
| Free cash flow | $307.6M | $348.1M | $168.3M | $197.3M | $448.9M | $442.6M |
More on MORN.
- Morningstar, Inc. summary
- Morningstar, Inc. financial statements
- Morningstar, Inc. key metrics
- Morningstar, Inc. health scores and style box
- Morningstar, Inc. earnings
- Morningstar, Inc. dividends
- Morningstar, Inc. valuation
- Morningstar, Inc. ownership and insiders
- Morningstar, Inc. peers
Figures from Morningstar, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.