Morningstar Inc. (MORN)

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274.82

1.86 (0.68%)

At close: Apr 23, 2025, 3:59 PM

280.28

1.99%

After-hours: Apr 23, 2025, 04:21 PM EDT

Morningstar Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	2.27B	2.23B	2.17B	2.11B	2.04B	1.97B	1.93B	1.89B	1.87B	1.86B	1.82B	1.76B	1.7B	1.62B	1.55B	1.46B	1.39B	1.34B	1.3B	1.24B	1.18B	1.11B	1.06B	1.04B	1.02B	1B	968.9M	945.7M	911.7M	880.8M	847M	816M	798.6M	788M	787.2M	791.1M
Cost of Revenue	992M	1.01B	991.9M	936.5M	890M	833.1M	825.6M	806.8M	779.3M	773.9M	761.6M	732.4M	698.4M	658.4M	614M	576.7M	556.4M	548.9M	538.6M	515M	483.1M	449.9M	421.5M	413.8M	411.1M	405.6M	396.5M	392M	386.6M	371.2M	365.2M	356M	344.3M	341.2M	339.7M	336.8M
Gross Profit	1.28B	1.21B	1.18B	1.17B	1.15B	1.14B	1.1B	1.09B	1.09B	1.08B	1.06B	1.03B	1B	959.1M	931.8M	881.6M	833.1M	792.6M	759.5M	729.1M	695.9M	659.4M	635.3M	621.5M	608.8M	594.7M	572.4M	553.7M	525.1M	509.6M	481.8M	460M	454.3M	446.8M	447.5M	454.3M
Operating Income	490.1M	421M	375.5M	305.1M	226.2M	162.6M	100.8M	113M	154M	193.3M	252.9M	246.2M	257M	247.3M	223.8M	237.9M	215.2M	189.8M	195.1M	184.6M	189.6M	199.2M	215M	217.8M	215.8M	209.1M	196.5M	188.9M	169.8M	177.1M	168.5M	166.9M	180.8M	181M	183M	188.3M
Interest Income	12.2M	11.6M	11.4M	10.3M	9M	7.2M	4.3M	2.7M	1.7M	1.3M	1.4M	1.6M	1.7M	1.2M	1.5M	1.4M	1.6M	1.9M	1.9M	2.5M	2.4M	2.3M	2.4M	2.2M	2.3M	2.3M	2.1M	2M	1.9M	1.9M	1.9M	1.8M	1.8M	2M	1.9M	1.8M
Pretax Income	486M	410.7M	318.8M	262.2M	178.8M	121.8M	62.1M	69.7M	130.6M	174.2M	239.7M	246.2M	250.5M	269.7M	299M	317.1M	283M	225.3M	196.3M	185.5M	198.5M	211.2M	220.4M	222.3M	232.9M	226.4M	204.5M	210.8M	181.1M	227.6M	223.1M	209.2M	224.9M	188M	189.3M	192.2M
Net Income	369.9M	326.5M	245.9M	212.9M	142.4M	72.2M	25.4M	19.4M	71.8M	125M	181.7M	184.5M	193.3M	212.1M	239.3M	254.6M	223.6M	175.9M	148.8M	142.7M	152M	166.8M	174.6M	174.3M	183M	179.5M	156.5M	160.8M	136.9M	168.3M	164.6M	150.3M	161M	128M	131.3M	131.7M
Selling & General & Admin	762.7M	747.9M	758.4M	771.4M	778.6M	786.9M	797.5M	776.8M	756.9M	716.6M	649.9M	633.2M	593.2M	563.7M	562.2M	501.8M	478.4M	465.4M	428.2M	416.1M	388.6M	350.7M	320.7M	306.4M	296.3M	288M	281.2M	272.2M	264.1M	249M	233.5M	217.5M	202.8M	197.2M	197.6M	200.1M
Research & Development	n/a	81.2M	81.2M	81.2M	81.2M	64.3M	64.3M	64.3M	64.3M	59.9M	59.9M	59.9M	59.9M	53.9M	53.9M	53.9M	53.9M	61.1M	61.1M	61.1M	61.1M	42.8M	42.8M	42.8M	42.8M	30.6M	30.6M	30.6M	30.6M	20M	20M	20M	20M	n/a	n/a	n/a
Other Expenses	24.5M	47M	1.5M	14.5M	56M	93.9M	137.9M	123.6M	116.4M	71.5M	25M	34.4M	-300K	1.1M	2.1M	7.4M	-3.6M	-5M	-4.5M	-7.2M	-1.7M	-1.9M	6.4M	6.7M	8.4M	9.8M	1.2M	-2.3M	-1.8M	-1.5M	1.7M	5.7M	6.4M	5.6M	4.7M	2.6M
Operating Expenses	792.8M	793.6M	805M	865M	917M	970.1M	978.3M	950.6M	923.5M	876.8M	804M	784.9M	743.9M	711.8M	708M	643.7M	617.9M	602.8M	564.4M	544.5M	506.3M	460.2M	420.3M	403.7M	393M	385.6M	375.9M	364.8M	355.3M	332.5M	313.3M	293.1M	273.5M	265.8M	264.5M	266M
Interest Expense	49.9M	53.8M	54.5M	55.5M	54.8M	51.3M	49M	39.3M	28.4M	18.7M	10.5M	8.6M	9M	10.6M	9.7M	9.1M	10M	11.6M	15.5M	13.7M	11.1M	7.7M	3.2M	4.4M	4.1M	4.5M	5M	5M	5.5M	4.5M	3.6M	2.6M	1.5M	900K	600K	500K
Selling & Marketing Expenses	441M	424.2M	422.6M	420.8M	423.8M	417M	400.4M	382.7M	356.5M	336.4M	319.6M	294.3M	274.8M	257M	236.7M	217.4M	206.4M	198.9M	190.3M	188.8M	177.9M	164.5M	156.3M	150M	148.5M	147.8M	143.1M	140.4M	134.3M	126.7M	118.7M	107.7M	97.6M	93.9M	94.1M	93.5M
Cost & Expenses	1.78B	1.81B	1.8B	1.8B	1.81B	1.8B	1.8B	1.76B	1.7B	1.65B	1.57B	1.52B	1.44B	1.37B	1.32B	1.22B	1.17B	1.15B	1.1B	1.06B	989.4M	910.1M	841.8M	817.5M	804.1M	791.2M	772.4M	756.8M	741.9M	703.7M	678.5M	649.1M	617.8M	607M	604.2M	602.8M
Income Tax Expense	104M	84.2M	71.3M	45.9M	33M	45.3M	34M	47.6M	56.5M	48.6M	59.3M	65.8M	62.6M	63.2M	64M	65.3M	59.7M	49.7M	46.1M	42.6M	45.6M	42M	44.8M	45.9M	47.8M	45M	45.8M	48M	42.9M	57.4M	57M	57.4M	63.7M	61M	59.1M	62.4M
Shares Outstanding (Basic)	42.9M	42.9M	42.8M	42.7M	42.7M	42.7M	42.6M	42.5M	42.5M	42.5M	42.6M	43M	43.1M	43.1M	43M	42.9M	42.9M	42.9M	42.9M	42.9M	42.8M	42.8M	42.7M	42.6M	42.7M	42.6M	42.6M	42.5M	42.5M	42.5M	42.9M	42.9M	43M	43.1M	43M	43M
Shares Outstanding (Diluted)	43.1M	43.2M	43.1M	43M	43M	42.9M	42.8M	42.8M	42.7M	42.7M	42.9M	43.3M	43.4M	43.4M	43.3M	43.3M	43.2M	43.2M	43.2M	43.3M	43.3M	43.2M	43.1M	43M	43.1M	43.1M	43M	42.9M	42.9M	42.8M	43.1M	43.2M	43.2M	43.3M	43.3M	43.1M
EPS (Basic)	8.62	7.62	5.75	4.99	3.34	1.70	0.60	0.46	1.67	2.90	4.22	4.28	4.50	4.95	5.59	5.95	5.23	4.11	3.48	3.34	3.56	3.91	4.09	4.08	4.29	4.21	3.68	3.77	3.20	3.92	3.82	3.49	3.74	2.96	3.02	3.01
EPS (Diluted)	8.57	7.57	5.71	4.95	3.31	1.68	0.59	0.45	1.66	2.88	4.19	4.25	4.46	4.90	5.53	5.89	5.17	4.07	3.45	3.31	3.53	3.88	4.06	4.05	4.26	4.18	3.65	3.75	3.19	3.91	3.82	3.48	3.73	2.95	3.01	3.00
EBITDA	726.5M	650.1M	559.6M	490.7M	420.2M	361.5M	296.1M	301.3M	333.1M	361.9M	416.6M	437.6M	449.8M	467.7M	441.9M	422M	387.4M	327.2M	331.3M	313M	307.6M	309M	314.9M	315.4M	312.5M	307.3M	291.8M	282.1M	261.6M	260.6M	248.3M	242.5M	251.5M	249.6M	249.9M	254.2M
EBIT	541.2M	472.5M	381.7M	326.6M	242.2M	180.3M	115.4M	111.7M	160.7M	194.2M	251.6M	256.1M	260.9M	281.2M	309.9M	327.6M	294.1M	237.6M	212M	199.2M	209.6M	218.9M	223.6M	226.7M	237M	230.9M	210.2M	216.5M	187.3M	232.8M	226.7M	211.8M	226.4M	187.5M	188.5M	191.3M
Depreciation & Amortization	190.4M	188.5M	189.4M	187.3M	184.9M	183.2M	180.8M	173.8M	166.6M	160.2M	154.1M	151.7M	150.7M	148.1M	145.8M	141.9M	139.5M	137.4M	136.2M	128.4M	117.7M	109.5M	99.6M	97.3M	96.7M	97.6M	94.7M	92.6M	91.2M	83.5M	79.8M	75.6M	70.7M	68.6M	66.9M	65.9M