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Q2 2026 earnings • released • EPS beat +9.56% • Revenue beat +2.08%
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MORN:NASDAQ
Morningstar Inc
$192.57
-0.28%
(-0.55) 1D
$192.57
0.00% (0.00)
After hours
Closed: Jul 31, 4:00:01 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for MORN...
Open
$189.43
High
$194.00
Low
$184.40
Mkt. cap
7.32B
Avg. vol.
482.78K
Volume
447.72K
Dividend
1.04%
Quarterly dividend
$0.50
Ex-dividend date
Oct 2, 2026
P/E ratio
19.67
52-wk high
$276.47
52-wk low
$141.49
EPS
$9.79
Beta
1.01
Shares outstanding
37.51M
No. of employees
11K
Open
$189.43
High
$194.00
Low
$184.40
Mkt. cap
7.32B
Avg. vol.
482.78K
Volume
447.72K
Dividend
1.04%
Quarterly dividend
$0.50
Ex-dividend date
Oct 2, 2026
P/E ratio
19.67
52-wk high
$276.47
52-wk low
$141.49
EPS
$9.79
Beta
1.01
Shares outstanding
37.51M
No. of employees
11K
News stories
From sources across the web
Profile
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services. With operations in 29 countries, Morningstar's research and recommendations are considered by financial journalists as influential in the asset management industry, and a positive or negative recommendation from Morningstar analysts can drive money into or away from any given fund. Through its asset management division, the firm currently manages over US$295 billion as of March 31, 2023. The firm also provides software and data platforms for investment professionals, including "Morningstar Research Portal", "Morningstar Direct" and "Morningstar Advisor Workstation". Wikipedia
About Morningstar Inc
CEOKunal Kapoor
Employees11K
FoundedMay 16, 1984
HeadquartersChicago, Illinois, United States
SectorCapital market
Analyst ratings
Based on 3 analysts giving stock ratings to MORN in the past 3 months
Buy
Buy
2
Hold
1
Sell
0
12-month forecast
Based on 3 Wall Street analysts offering 12 month price targets for MORN in the last 3 months.
Highest
Current $192.57
$260.00 (+35.02%)
Average
$233.33 (+21.17%)
Lowest
$210.00 (+9.05%)
Analyst
Recommendation
Action
Price target
Projected
Date
Jeffrey Silber
BMO Capital
Buy
Maintained
$230.00
+19.4%
07/31/2026
Alex Kramm
UBS
Buy
Reiterated
$260.00
+35%
07/07/2026
Charles Bendit
Rothschild & Co Redburn
Hold
Reiterated
$210.00
+9.1%
06/18/2026
Last report
Jul 29, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$3.10 / $2.83
+9.56%beat
Revenue / Est. (USD)
663.20M / 649.71M
+2.08%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
617.40M
641.10M
644.80M
663.20M
Cost of goods sold
241.70M
249.20M
238.90M
239.30M
Cost of revenue
241.70M
249.20M
238.90M
239.30M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
201.40M
204.30M
199.20M
216.60M
Operating expense
247.90M
252.70M
250.00M
263.30M
Total operating expenses
489.60M
501.90M
488.90M
502.60M
Operating income
127.80M
139.20M
155.90M
160.60M
Other non operating income
2.30M
100.00K
-400.00K
3.50M
EBT including unusual items
123.00M
151.50M
141.70M
146.10M
EBT excluding unusual items
123.00M
131.10M
141.70M
146.10M
Income tax expense
31.40M
36.40M
34.60M
38.30M
Effective tax rate
25.53%
24.03%
24.42%
26.21%
Other operating expenses
-500.00K
1.30M
-900.00K
-6.80M
Net income
91.60M
115.10M
107.10M
107.80M
Net profit margin
14.84%
17.95%
16.61%
16.25%
Earnings per share
2.55
2.71
3.18
3.10
Interest and investment income
2.40M
2.60M
1.90M
2.00M
Interest expense
-9.40M
-11.40M
-15.60M
-19.10M
Net interest expenses
-7.00M
-8.80M
-13.70M
-17.10M
Depreciation and amortization charges
47.00M
47.10M
51.70M
53.50M
EBITDA
174.80M
186.30M
207.60M
214.10M
Gain or loss from assets sale
-
-22.70M
-
-
Insider transactions
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