MORN

Morningstar Inc
NASDAQFINANCIAL SERVICESFINANCIAL DATA & STOCK EXCHANGES

Key Statistics

Market Cap
$7.76B
P/E Ratio
19.75
EPS
$10.47
Beta
0.98
52W High
$263.33
52W Low
$141.06
50-Day MA
$176.78
200-Day MA
$187.88
Dividend Yield
0.94%
Profit Margin
16.40%
Forward P/E
16.29
PEG Ratio
2.31

About Morningstar Inc

Morningstar, Inc. offers independent investment research services in North America, Europe, Australia, and Asia. The company is headquartered in Chicago, Illinois.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)$2.57B
Gross Profit (TTM)$1.60B
EBITDA$680.10M
Operating Margin24.20%
Return on Equity32.00%
Return on Assets9.63%
Revenue/Share (TTM)$64.32
Book Value$27.29
Price-to-Book7.60
Price-to-Sales (TTM)3.02
EV/Revenue3.571
EV/EBITDA11.21
Quarterly Earnings Growth (YoY)35.40%
Quarterly Revenue Growth (YoY)9.60%
Shares Outstanding$37.51M
Float$18.86M
% Insiders49.81%
% Institutions66.42%

Historical Volatility

HV 10-Day
31.92%
HV 20-Day
42.50%
HV 30-Day
41.00%
HV 60-Day
49.94%
HV Rank
55.2%

Volatility is currently contracting

Analyst Ratings

Consensus ($236.67 target)
2
Buy
1
Hold

Latest News

Morningstar: Undervalued With A Differentiated Business Model

Morningstar (MORN) is a global financial services firm with a 15-year dividend growth streak, strong cash flow, and a conservative payout ratio. MORN delivered solid Q2 2026 results, beating revenue and EPS estimates, with 9.6% revenue growth and 29.2% non-GAAP EPS growth year-over-year. The stock trades at ~15.6x 2026E EPS, well below its historical 35–40x range, and is currently viewed as undervalued with a fair value estimate of $246.40.

Seeking Alpha8/3/2026Positive
Morningstar, Inc. Reports Second-Quarter 2026 Financial Results

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, reported growth in revenue, operating and adjusted operating income, and margins in the second quarter. “We are continuing to deliver profitable growth with meaningful increases in operating and free cash flows," said Kunal Kapoor, Morningstar's CEO. "Morningstar is accelerating an ambitious strategy, unlocking speed to insights by building agentic workflows and tools atop our data.

Business Wire7/29/2026Neutral
Morningstar Launches US Capital Allocation Leaders Index, Providing Exposure to Companies with Exemplary Capital Allocation Practices

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights and market data, today introduced the Morningstar US Capital Allocation Leaders Index, a research-driven index designed to identify companies whose management teams have been assessed by Morningstar's equity research team as having an established a track record of shareholder-friendly capital allocation decisions. The new index combines Morningstar's independent, forward-looking equ.

Business Wire7/22/2026Neutral
Morningstar Announces New London Office

LONDON--(BUSINESS WIRE)--Morningstar (Nasdaq: MORN) today announced it will relocate its London operations to One Millennium Bridge, bringing colleagues from across Morningstar and PitchBook, a Morningstar company, together in one location. Following a rigorous evaluation process conducted with CBRE, Morningstar plans to occupy approximately 75,000 square feet in the building, with plans to move in June 2027. The new office has been selected to support the way colleagues work today, providing a.

Business Wire7/15/2026Neutral
Morningstar, Inc. to Announce Second-Quarter 2026 Financial Results on July 29

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), plans to report its second-quarter 2026 financial results after the market closes on Wednesday, July 29, 2026. The company does not hold analyst conference calls; however, investors may submit written questions to Morningstar at investors@morningstar.com. About Morningstar Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of pro.

Business Wire6/29/2026Neutral
Morningstar Expands AI Integrations with Microsoft to Bring Trusted Investment Intelligence into Enterprise Workflows

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced a suite of integrations with Microsoft technologies designed to bring Morningstar's trusted investment intelligence directly into AI-powered workflows used by financial services firms. The integrations span Microsoft 365 Copilot, Copilot Studio, and Microsoft 365 ecosystems, enabling investment professionals to access Morningstar's analyst-driven insights and invest.

Business Wire6/25/2026Neutral
PitchBook Expands Premium AI Integrations with Microsoft 365 Copilot and Copilot in Excel

SEATTLE--(BUSINESS WIRE)--PitchBook, a leading private capital market intelligence platform, today announced a new federated Copilot connector with Microsoft, bringing trusted private capital market data into Microsoft 365 Copilot — including Copilot in Excel, Copilot Chat, and Researcher. The connector brings trusted private capital market data into secure enterprise AI environments and enables licensed users to interact with PitchBook intelligence directly within the Microsoft 365 Suite. Thro.

Business Wire6/25/2026Neutral
Morningstar Indexes & Houlihan Lokey to Launch Daily Valued Index Suite for the Collateralized Loan Obligation (CLO) Market.

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights and market data, today announced a strategic collaboration with leading global investment bank Houlihan Lokey (NYSE: HLI) to develop a new suite of daily valuation indexes to help investors measure and invest in collateralized loan obligations (CLOs).Through this new initiative, Morningstar Indexes will work with Houlihan Lokey's Portfolio Valuation and Fund Advisory Services team to.

Business Wire6/24/2026Neutral
Morningstar Sustainalytics Enhances Physical Climate Risk Capabilities with XDI and Veridion

CHICAGO--(BUSINESS WIRE)--Morningstar Sustainalytics, a leading provider of sustainable investing research, ratings, and data, today announced it is collaborating with XDI (Cross Dependency Initiative), physical climate risk specialists, and Veridion, an AI-powered business data platform to further develop its physical climate risk product for asset managers and asset owners. This development intends to address a key gap in existing climate risk tools by seeking to translate physical hazard exp.

Business Wire6/24/2026Neutral
Morningstar, Inc. Declares Quarterly Dividend of 50 Cents Per Share

CHICAGO--(BUSINESS WIRE)--The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 50 cents per share, consistent with the dividend paid in April. The dividend is payable July 31, 2026, to shareholders of record as of July 10, 2026. Please contact investors@morningstar.com with any questions. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in North.

Business Wire6/18/2026Neutral

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Data last updated: 8/18/2026