Morningstar, Inc. (FRA:MRS)
Germany
· Delayed Price · Currency is EUR 184.00
+1.00 (0.55%)
At close: Dec 5, 2025
Revenue Breakdown
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| License-Based Revenue | 1.70B | 1.63B |
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| Asset-Based Revenue | 340.50M | 333.20M |
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| Transaction-Based Revenue | 359.10M | 316.80M |
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| Revenue (Total) | 2.40B | 2.28B |
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Revenue Breakdown 2
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| PitchBook Revenue | - | - |
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| Morningstar Data Revenue | - | - |
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| DBRS Morningstar Revenue | - | - |
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| Morningstar Direct Revenue | - | - |
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| Investment Management Revenue | - | - |
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| Morningstar Sustainalytics Revenue | - | - |
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| Morningstar Retirement Revenue | - | - |
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| Morningstar Advisor Workstation Revenue | - | - |
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| Revenue (Total) | 2.40B | 2.28B |
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Revenue Breakdown 3
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| Morningstar Data and Analytics Revenue | 815.50M | 788.10M |
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| PitchBook Revenue (Post-FY2023 Reporting) | 661.70M | 618.40M |
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| Morningstar Credit Revenue | 331.40M | 291.10M |
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| Morningstar Wealth Revenue | 252.70M | 248.40M |
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| Morningstar Retirement Revenue (Post-FY2023 Reporting) | 133.10M | 127.10M |
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| Corporate and All Other Revenue | 201.00M | 202.00M |
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| Revenue (Total) | 2.40B | 2.28B |
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Revenue by Geography
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| United States Revenue | - | - |
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| Asia Revenue | - | - |
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| Australia Revenue | - | - |
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| Canada Revenue | - | - |
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| Continental Europe Revenue | - | - |
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| United Kingdom Revenue | - | - |
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| Other Regional Revenue | - | - |
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| Total International Revenue | - | - |
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| Revenue (Other) | 2.40B | 2.28B |
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| Revenue (Total) | 2.40B | 2.28B |
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Adjusted EBIT
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| Morningstar Data and Analytics Adjusted Operating Income | 362.60M | 355.40M |
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| PitchBook Adjusted Operating Income (Post-FY2023 Reporting) | 206.70M | 186.40M |
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| Morningstar Credit Adjusted Operating Income | 100.20M | 75.60M |
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| Morningstar Wealth Adjusted Operating Income | 4.50M | -9.30M |
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| Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) | 64.10M | 65.60M |
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| Corporate and All Other Adjusted Operating Income | -187.00M | -179.90M |
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| Operating Income (Other) | -15.90M | -9.00M |
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| Operating Income (Total) | 535.20M | 484.80M |
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Key Performance Indicators
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2013 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2013 - 2020 |
| Managed Accounts Assets Under Management / Advisement | 184.10B | 160.40B |
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| Fiduciary Services Assets Under Management / Advisement | 68.20B | 65.80B |
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| Custom Models / CIT Assets Under Management / Advisement | 45.50B | 49.70B |
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| Total Workplace Solutions Assets Under Management / Advisement | 297.80B | 275.90B |
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| Morningstar Managed Portfolios Assets Under Management / Advisement | 50.40B | 43.80B |
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| Institutional Asset Management Assets Under Management / Advisement | 6.00B | 7.00B |
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| Asset Allocation Services Assets Under Management / Advisement | 14.40B | 11.50B |
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| Total Investment Management Assets Under Management / Advisement | 70.80B | 62.30B |
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| Asset Value Linked to Morningstar Indexes | 237.50B | 210.90B |
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| Average Assets Under Management / Advisement | - | 312.40B |
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| PitchBook Platform Licenses | - | 125.49K |
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| Morningstar Direct Licenses | - | 18.76K |
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| Morningstar Investor Memberships | - | 97.31K |
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| Revenue Renewal Rates for License-Based Products and Services | - | 100.00% |
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