Quick Answer
Morningstar, Inc. reported Shares Outstanding of 39.74 million shares for fiscal year 2025.
Morningstar, Inc. Shares Outstanding — Annual History
| Fiscal Year | Shares Outstanding | YoY Change |
|---|---|---|
| 2025 | 39.74M | -7.3% |
| 2024 | 42.87M | +0.3% |
| 2023 | 42.73M | +0.6% |
| 2022 | 42.48M | -1.5% |
| 2021 | 43.14M | +0.6% |
| 2020 | 42.90M | +0.1% |
| 2019 | 42.85M | -8.1% |
| 2018 | 46.62M | +9.6% |
| 2017 | 42.55M | -0.9% |
| 2016 | 42.93M | -1.1% |
| 2015 | 43.40M | -2.1% |
| 2014 | 44.35M | -1.4% |
| 2013 | 44.97M | -3.4% |
| 2012 | 46.54M | -7.1% |
| 2011 | 50.08M | +0.4% |
| 2010 | 49.87M | +2.3% |
| 2009 | 48.77M | — |
Quarterly Shares Outstanding
| Quarter Ending | Shares Outstanding | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | 41.51M | -3.2% | -1.6% |
| June 30, 2025 | 42.18M | -1.5% | -0.8% |
| March 31, 2025 | 42.50M | -0.6% | -0.9% |
| December 31, 2024 | 42.87M | +0.3% | -0.0% |
| September 30, 2024 | 42.88M | +0.4% | +0.1% |
| June 30, 2024 | 42.84M | +0.4% | +0.2% |
| March 31, 2024 | 42.75M | +0.5% | +0.0% |
| December 31, 2023 | 42.73M | +0.6% | +0.1% |
- Morningstar, Inc. showed a decrease of -7.3% in Shares Outstanding compared to the prior fiscal year.
- Over the 2009–2025 period, Morningstar, Inc.’s shares outstanding has declined by 18.5% (from 48.77 million shares to 39.74 million shares).
- The most recent figure is from Morningstar, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 13, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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