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Morningstar, Inc. (MORN) is a technology company in the business information distributors industry, based in Chicago, United States, with about 10,973 full-time employees.
It reported revenue of $2.45 billion for fiscal year 2025, up 7.3% from fiscal year 2024, and net income of $374.20 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $663.20 million, up 9.6% from a year before. Its largest business segment, Morningstar Direct Platform, brought in 34% of segment revenue in fiscal year 2025; United States was the largest region with 72%. Its market capitalization was $7.67 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement.
Morningstar reported $2.45 billion in revenue for fiscal year 2025, up 7.3% from $2.28 billion in fiscal year 2024. In Q2 2026 revenue was $663.20 million.
Morningstar Direct Platform, with $830.60 million or 34% of segment revenue in fiscal year 2025. Next: Pitchbook (27%) and Morningstar Credit (14%).
United States: 72% of revenue by region in fiscal year 2025, followed by Continental Europe (9%).
$7.67 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (business information distributors) include Msci Inc. (MSCI), Gartner, Inc. (IT), FactSet Research Systems Inc. (FDS), Openn Negotiation Limited (OPNNF).