Morningstar Inc. (MORN)
NASDAQ: MORN
· Real-Time Price · USD
256.98
-0.26 (-0.10%)
At close: Sep 08, 2025, 3:29 PM
Morningstar Revenue Breakdown
| Period Ending | Mar 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset-Based Revenue | 85.7M | 87.7M | 83.8M | 84.7M | 77M | 75.5M | 71.5M | 67.3M | 65.3M | 66M | 67.3M | 67.6M | 68.5M | 70.3M | 68.4M | 64.8M | 61.4M | 59.4M | 55.4M | 51.8M | 57.2M | 55.7M | 54.5M | 52.6M | 48.8M | 50.5M | 50.5M | 48.7M | 50.7M |
| Asset-Based Revenue Growth | -2.28% | +4.65% | -1.06% | +10.00% | +1.99% | +5.59% | +6.24% | +3.06% | -1.06% | -1.93% | -0.44% | -1.31% | -2.56% | +2.78% | +5.56% | +5.54% | +3.37% | +7.22% | +6.95% | -9.44% | +2.69% | +2.20% | +3.61% | +7.79% | -3.37% | 0.00% | +3.70% | -3.94% | n/a |
| Licensed-Based Revenue | 418M | 414.4M | 408.8M | 401.7M | 400.2M | 393M | 384.5M | 376M | 364M | 349.7M | 342.6M | 327.5M | 311.9M | 301.4M | 287M | 277.2M | 266.1M | 254.9M | 242.9M | 221.1M | 216M | 211.7M | 204.6M | 200.9M | 195.5M | 192.1M | 196.7M | 184.3M | 178.6M |
| Licensed-Based Revenue Growth | +0.87% | +1.37% | +1.77% | +0.37% | +1.83% | +2.21% | +2.26% | +3.30% | +4.09% | +2.07% | +4.61% | +5.00% | +3.48% | +5.02% | +3.54% | +4.17% | +4.39% | +4.94% | +9.86% | +2.36% | +2.03% | +3.47% | +1.84% | +2.76% | +1.77% | -2.34% | +6.73% | +3.19% | n/a |
| Transaction-Based Revenue | 78.2M | 88.9M | 76.8M | 85.5M | 65.6M | 70.2M | 59.5M | 61.4M | 50.4M | 59.3M | 58.3M | 75.3M | 76.6M | 90.5M | 73.5M | 73.4M | 65.3M | 66.1M | 58.9M | 55M | 50.8M | 65M | 54.7M | 20.4M | 14.6M | 20.1M | 14.1M | 19.4M | 14.2M |
| Transaction-Based Revenue Growth | -12.04% | +15.76% | -10.18% | +30.34% | -6.55% | +17.98% | -3.09% | +21.83% | -15.01% | +1.72% | -22.58% | -1.70% | -15.36% | +23.13% | +0.14% | +12.40% | -1.21% | +12.22% | +7.09% | +8.27% | -21.85% | +18.83% | +168.14% | +39.73% | -27.36% | +42.55% | -27.32% | +36.62% | n/a |
Revenue by Geography
| Period Ending | Mar 31, 2025 | 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 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non United States Revenue | 157.4M | 164.7M | 158.1M | 161.6M | 151.9M | 151.6M | 144.8M | 139.2M | 132.4M | 128.3M | 127.3M | 132.3M | 128.8M | 134.6M | 126.3M | 130.8M | 123.3M | 120.3M | 109.4M | 99.6M | 89.4M | 94.4M | 88.5M | 65.9M | 63.8M | 64.5M | 62.6M | 64.6M | 64M | 59.5M | 58.1M | 54.5M | 52.6M | 52.3M | 52.6M | 52.9M | 50.3M | 53.8M | 50.1M | 50.9M | 48.9M | 53.36M | 51.83M | 52.93M | 51.21M | 127.98M | 48.48M | 49.09M | 47.44M | 50.1M | 46.93M | 48.02M | 46.29M | 90.08M | 47.26M | 47.59M |
| Non United States Revenue Growth | -4.43% | +4.17% | -2.17% | +6.39% | +0.20% | +4.70% | +4.02% | +5.14% | +3.20% | +0.79% | -3.78% | +2.72% | -4.31% | +6.57% | -3.44% | +6.08% | +2.49% | +9.96% | +9.84% | +11.41% | -5.30% | +6.67% | +34.29% | +3.29% | -1.09% | +3.04% | -3.10% | +0.94% | +7.56% | +2.41% | +6.61% | +3.61% | +0.57% | -0.57% | -0.57% | +5.17% | -6.51% | +7.39% | -1.57% | +4.09% | -8.35% | +2.94% | -2.08% | +3.36% | -59.98% | +163.97% | -1.24% | +3.48% | -5.31% | +6.76% | -2.26% | +3.73% | -48.61% | +90.61% | -0.69% | n/a |
| United States Revenue | 424.5M | 426.3M | 411.3M | 410.3M | 390.9M | 387.1M | 370.7M | 365.5M | 347.3M | 346.7M | 340.9M | 338.1M | 328.2M | 327.6M | 302.6M | 284.6M | 269.5M | 260.1M | 247.8M | 228.3M | 234.6M | 238M | 225.3M | 208M | 195.1M | 198.2M | 198.7M | 187.8M | 179.5M | 183.6M | 171.8M | 174.7M | 156.9M | 159.9M | 143.5M | 145.3M | 141.8M | 147.8M | 145.2M | 151.2M | 140.9M | 143.06M | 141.28M | 136.45M | 129.95M | n/a | 125M | 126.33M | 121.41M | 120.5M | 114.02M | 117.95M | 114.47M | 220.26M | 112.79M | 113.42M |
| United States Revenue Growth | -0.42% | +3.65% | +0.24% | +4.96% | +0.98% | +4.42% | +1.42% | +5.24% | +0.17% | +1.70% | +0.83% | +3.02% | +0.18% | +8.26% | +6.32% | +5.60% | +3.61% | +4.96% | +8.54% | -2.69% | -1.43% | +5.64% | +8.32% | +6.61% | -1.56% | -0.25% | +5.80% | +4.62% | -2.23% | +6.87% | -1.66% | +11.34% | -1.88% | +11.43% | -1.24% | +2.47% | -4.06% | +1.79% | -3.97% | +7.31% | -1.51% | +1.26% | +3.53% | +5.00% | n/a | n/a | -1.06% | +4.05% | +0.75% | +5.69% | -3.33% | +3.04% | -48.03% | +95.28% | -0.56% | n/a |
Operating Expense Breakdown
| Period Ending | Jun 30, 2025 | Mar 31, 2025 | 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 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selling, General, and Administrative Revenue | 201.7M | 189.1M | 206.2M | 185.5M | 191.6M | 184.4M | 191.4M | 196M | 199.6M | 191.6M | 199.7M | 206.6M | 178.9M | 171.7M | 159.4M | 139.9M | 162.2M | 131.7M | 129.9M | 138.4M | 101.8M | 108.3M | 116.9M | 101.2M | 89.7M | 80.8M | 79M | 71.2M | 75.4M | 70.7M | 70.7M | 64.4M | 66.4M | 62.6M | 55.6M | 48.9M | 50.4M | 47.9M | 50M | 49.3M | 52.9M | 51.5M |
| Selling, General, and Administrative Revenue Growth | +6.66% | -8.29% | +11.16% | -3.18% | +3.90% | -3.66% | -2.35% | -1.80% | +4.18% | -4.06% | -3.34% | +15.48% | +4.19% | +7.72% | +13.94% | -13.75% | +23.16% | +1.39% | -6.14% | +35.95% | -6.00% | -7.36% | +15.51% | +12.82% | +11.01% | +2.28% | +10.96% | -5.57% | +6.65% | 0.00% | +9.78% | -3.01% | +6.07% | +12.59% | +13.70% | -2.98% | +5.22% | -4.20% | +1.42% | -6.81% | +2.72% | n/a |
| Research and Development Revenue | n/a | n/a | n/a | n/a | n/a | n/a | 81.2M | n/a | n/a | n/a | 64.3M | n/a | n/a | n/a | 59.9M | n/a | n/a | n/a | 53.9M | n/a | n/a | n/a | 61.1M | n/a | n/a | n/a | 42.8M | n/a | n/a | n/a | 30.6M | n/a | n/a | n/a | 20M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Research and Development Revenue Growth | n/a | n/a | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | -100.00% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Sales and Marketing Revenue | 119.7M | 112.6M | 117.2M | 107.9M | 111.3M | 104.6M | 100.4M | 106.3M | 109.5M | 107.6M | 93.6M | 89.7M | 91.8M | 81.4M | 73.5M | 72.9M | 66.5M | 61.9M | 55.7M | 52.6M | 47.2M | 50.9M | 48.2M | 44M | 45.7M | 40M | 34.8M | 35.8M | 39.4M | 38.5M | 34.1M | 31.1M | 36.7M | 32.4M | 26.5M | 23.1M | 25.7M | 22.3M | 22.8M | 23.3M | 25.1M | 25.4M |
| Sales and Marketing Revenue Growth | +6.31% | -3.92% | +8.62% | -3.05% | +6.41% | +4.18% | -5.55% | -2.92% | +1.77% | +14.96% | +4.35% | -2.29% | +12.78% | +10.75% | +0.82% | +9.62% | +7.43% | +11.13% | +5.89% | +11.44% | -7.27% | +5.60% | +9.55% | -3.72% | +14.25% | +14.94% | -2.79% | -9.14% | +2.34% | +12.90% | +9.65% | -15.26% | +13.27% | +22.26% | +14.72% | -10.12% | +15.25% | -2.19% | -2.15% | -7.17% | -1.18% | n/a |