Quick Answer
Morningstar, Inc. reported Total Revenue of $2.45 billion for fiscal year 2025.
Morningstar, Inc. — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total Revenue | $2.45B +7.5% |
$2.28B +11.6% |
$2.04B +9.0% |
$1.87B +10.1% |
$1.70B +22.3% |
$1.39B +17.9% |
| Net Income | — | — | — | — | — | — |
| Diluted EPS | $8.87 +3.4% |
$8.58 +160.8% |
$3.29 +100.6% |
$1.64 -63.1% |
$4.45 -14.1% |
$5.18 +47.2% |
| Total Assets | $3.59B +1.2% |
$3.55B +4.3% |
$3.40B -2.1% |
$3.47B +21.4% |
$2.86B +6.2% |
$2.70B +13.7% |
| Cash and Equivalents | $474.50M -5.6% |
$502.70M +48.8% |
$337.90M -10.3% |
$376.60M -22.2% |
$483.80M +14.5% |
$422.50M +26.5% |
| Stockholders Equity | $1.22B -24.5% |
$1.62B +21.9% |
$1.33B +10.0% |
$1.21B -14.7% |
$1.42B +11.4% |
$1.27B +17.3% |
| R&D Expense | — | — | — | — | — | — |
| Operating Income | $526.60M +8.6% |
$484.80M +110.2% |
$230.60M +37.4% |
$167.80M -34.7% |
$257.00M +19.4% |
$215.20M +13.5% |
| Shares Outstanding | 39.74M -7.3% |
42.87M +0.3% |
42.73M +0.6% |
42.48M -1.5% |
43.14M +0.6% |
42.90M +0.1% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | September 30, 2025 | $617.40M | +8.4% | +2.0% |
| Net Income | September 30, 2016 | $30.20M | -9.9% | -5.0% |
| Diluted EPS | September 30, 2025 | $2.17 | -21.7% | +3.8% |
| Total Assets | September 30, 2025 | $3.56B | -0.2% | -2.0% |
| Cash and Equivalents | September 30, 2019 | $321.80M | -0.4% | -16.2% |
| Long-Term Debt | September 30, 2025 | $848.90M | -1.8% | +1.2% |
| Stockholders Equity | September 30, 2025 | $1.51B | -3.3% | -6.2% |
| R&D Expense | June 30, 2013 | $14.15M | +13.8% | +3.8% |
| Operating Income | September 30, 2025 | $127.80M | +10.6% | +2.2% |
| Shares Outstanding | September 30, 2025 | 41.51M | -3.2% | -1.6% |
- Morningstar, Inc. reported Total Revenue of $2.45 billion for fiscal year 2025.
- Morningstar, Inc. showed an increase of +7.5% in Total Revenue compared to the prior fiscal year.
- Morningstar, Inc. reported Net Income of $136.90 million for fiscal year 2017.
- Morningstar, Inc. showed a decrease of -15.0% in Net Income compared to the prior fiscal year.
- Morningstar, Inc. reported Diluted EPS of $8.87 per share for fiscal year 2025.
- Morningstar, Inc. showed an increase of +3.4% in Diluted EPS compared to the prior fiscal year.
- Morningstar, Inc. reported Total Assets of $3.59 billion for fiscal year 2025.
- Morningstar, Inc. showed an increase of +1.2% in Total Assets compared to the prior fiscal year.
- Morningstar, Inc. reported Cash and Equivalents of $474.50 million for fiscal year 2025.
- Morningstar, Inc. showed a decrease of -5.6% in Cash and Equivalents compared to the prior fiscal year.
- Morningstar, Inc. reported Stockholders Equity of $1.22 billion for fiscal year 2025.
- Morningstar, Inc. showed a decrease of -24.5% in Stockholders Equity compared to the prior fiscal year.
- Morningstar, Inc. reported R&D Expense of $51.44 million for fiscal year 2012.
- Morningstar, Inc. showed a decrease of -3.2% in R&D Expense compared to the prior fiscal year.
- Morningstar, Inc. reported Operating Income of $526.60 million for fiscal year 2025.
- Morningstar, Inc. showed an increase of +8.6% in Operating Income compared to the prior fiscal year.
- Morningstar, Inc. reported Shares Outstanding of 39.74 million shares for fiscal year 2025.
- Morningstar, Inc. showed a decrease of -7.3% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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