Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
307.49
-1.88 (-0.61%)
May 13, 2025, 4:00 PM - Market closed
Revenue by Product
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | NaN - NaN |
|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | NaN - NaN |
| License-Based | 1.64B |
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| License-Based Growth | 5.74% |
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| Asset-Based | 341.90M |
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| Asset-Based Growth | 17.37% |
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| Transaction-Based | 329.40M |
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| Transaction-Based Growth | 28.32% |
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| Morningstar Data | - |
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| Morningstar Data Growth | - |
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| Morningstar Direct | - |
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| Morningstar Direct Growth | - |
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| Morningstar Retirement | - |
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| Morningstar Retirement Growth | - |
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| Investment Management | - |
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| Investment Management Growth | - |
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| Morningstar Advisor Workstation | - |
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| Morningstar Advisor Workstation Growth | - |
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| DBRS Morningstar | - |
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| DBRS Morningstar Growth | - |
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| PitchBook | - |
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| PitchBook Growth | - |
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| Morningstar Sustainalytics | - |
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| Morningstar Sustainalytics Growth | - |
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| Morningstar Data and Analytics | 790.60M |
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| Morningstar Data and Analytics Growth | 3.47% |
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| PitchBook Revenue (Post-FY2023 Reporting) | 634.50M |
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| PitchBook Revenue (Post-FY2023 Reporting) Growth | 11.63% |
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| Morningstar Credit | 303.80M |
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| Morningstar Credit Growth | 32.72% |
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| Morningstar Wealth | 250.70M |
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| Morningstar Wealth Growth | 7.14% |
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| Morningstar Retirement Revenue (Post-FY2023 Reporting) | 131.60M |
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| Morningstar Retirement Revenue (Post-FY2023 Reporting) Growth | 15.74% |
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| Corporate and All Other | 203.00M |
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| Corporate and All Other Growth | 5.40% |
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Revenue by Geography
Fiscal year is January - December.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2011 - 2019 |
|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2011 - 2019 |
| United States |
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| United States Growth |
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| Asia |
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| Asia Growth |
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| Australia |
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| Australia Growth |
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| Canada |
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| Canada Growth |
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| Continental Europe |
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| Continental Europe Growth |
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| United Kingdom |
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| United Kingdom Growth |
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| Other Regional |
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| Other Regional Growth |
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| Total International |
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| Total International Growth |
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Other
Fiscal year is January - December.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | NaN - NaN |
|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | NaN - NaN |
| Morningstar Data and Analytics Adjusted Operating Income | 351.30M |
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| Morningstar Data and Analytics Adjusted Operating Income Growth | -4.50% |
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| PitchBook Adjusted Operating Income (Post-FY2023 Reporting) | 198.70M |
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| PitchBook Adjusted Operating Income (Post-FY2023 Reporting) Growth | 30.75% |
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| Morningstar Credit Adjusted Operating Income | 84.70M |
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| Morningstar Credit Adjusted Operating Income Growth | 73.98% |
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| Morningstar Wealth Adjusted Operating Income | -4.50M |
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| Morningstar Wealth Adjusted Operating Income Growth | -85.71% |
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| Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) | 66.00M |
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| Morningstar Retirement Adjusted Operating Income (Post-FY2023 Reporting) Growth | 2.82% |
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| Corporate and All Other Adjusted Operating Income | -177.80M |
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| Corporate and All Other Adjusted Operating Income Growth | -5.08% |
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| Managed Accounts Assets Under Management / Advisement | 162.80B |
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| Managed Accounts Assets Under Management / Advisement Growth | 19.62% |
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| Fiduciary Services Assets Under Management / Advisement | 65.60B |
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| Fiduciary Services Assets Under Management / Advisement Growth | 13.49% |
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| Custom Models / CIT Assets Under Management / Advisement | 49.20B |
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| Custom Models / CIT Assets Under Management / Advisement Growth | 17.14% |
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| Total Workplace Solutions Assets Under Management / Advisement | 277.60B |
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| Total Workplace Solutions Assets Under Management / Advisement Growth | 17.68% |
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| Average Assets Under Management / Advisement | - |
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| Average Assets Under Management / Advisement Growth | 17.29% |
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| Morningstar Direct Licenses | - |
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| Morningstar Direct Licenses Growth | - |
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| Morningstar Investor Memberships | - |
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| Morningstar Investor Memberships Growth | - |
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| Revenue Renewal Rates for License-Based Products and Services | - |
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| Revenue Renewal Rates for License-Based Products and Services Growth | - |
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| Morningstar Managed Portfolios Assets Under Management / Advisement | 44.50B |
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| Morningstar Managed Portfolios Assets Under Management / Advisement Growth | 9.61% |
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| Institutional Asset Management Assets Under Management / Advisement | 6.90B |
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| Institutional Asset Management Assets Under Management / Advisement Growth | -5.48% |
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| Asset Allocation Services Assets Under Management / Advisement | 12.40B |
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| Asset Allocation Services Assets Under Management / Advisement Growth | 27.84% |
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| Total Investment Management Assets Under Management / Advisement | 63.80B |
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| Total Investment Management Assets Under Management / Advisement Growth | 10.76% |
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| Asset Value Linked to Morningstar Indexes | 208.70B |
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| Asset Value Linked to Morningstar Indexes Growth | 9.73% |
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| PitchBook Platform Licenses | - |
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| PitchBook Platform Licenses Growth | - |
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