Company profile
Morningstar, Inc.
NASDAQ: MORN · Financial Services · Financial - Data & Stock Exchanges
#105 of 1,013 Financial Services companies by revenue49th-percentile growth
EA Score
83B+FH 83DQ 92GM 62SS 85
v0.1 · 65/100 weight · provisional
↑ return on equity, workforce scale · ↓ 3-yr revenue growth, revenue growth (YoY)
Methodology →Revenue TTM
$2.5B
Rev growth YoY (TTM)
+8.4%
Net income (FY)
$374.2M
Employees
10,973
as of 2026-08-06
Market cap
$7.5B
as of 2026-08-06
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
Revenue$2.4B$2.4B2025
Net income$374.2M$374.2M2025
Operating income$526.6M$526.6M2025
Total assets$3.6B$3.6B2025
Liabilities$2.4B$2.4B2025
Equity$1.2B$1.2B2025
Revenue trend
FY2020 – FY2025 · USD
FY20
FY20
FY20
FY21
FY22
FY23
FY24
FY25
Revenue by segment
Filed disclosures · FY2025
By product
Licensed-Based70%
Transaction-Based16%
Asset-Based14%
By geography
UNITED STATES60%
Non United States23%
Europe excluding the United Kingdom7%
CANADA5%
AUSTRALIA2%
Asia2%
The read
What is Morningstar, Inc.’s revenue?
Morningstar, Inc. booked $2.4B in FY2025 revenue, growing 7.5% year over year — about the middle of the pack among Financial Services companies we track, at a 15.3% net margin.
Peers · Financial Services
Blue Owl Capital Inc.57CIGM Financial Inc.67BHoulihan Lokey, Inc.70BBGC Group, Inc75B+Interactive Brokers Group, Inc.74BMetLife, Inc.61CNeighbors
Cook →Key facts
CEOKunal Kapoor
SectorFinancial Services
IndustryFinancial - Data & Stock Exchanges
HeadquartersChicago, IL
ExchangeNASDAQ: MORN
Employees10,973
IPO date2005-05-03
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.