Name: MORN Income Statement - Morningstar Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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MORN - Morningstar, Inc.

USD | NASDAQ | Financial Services

MORN Income Statement - Morningstar Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	644.8	641.1	617.4	605.1	581.9	591.0	569.4	571.9	542.8	538.7	515.5	504.7	479.7	475.0	468.2	470.4

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	2,508.4	2,445.5	2,275.1	2,038.6	1,870.6	1,699.3	1,389.5	1,179.0	1,019.9	911.7	798.6	788.8	760.1	698.3	658.3	631.4	555.4	479.0
Cost of Revenue	960.4	952.9	895.7	843.5	779.3	698.4	556.4	483.1	411.1	386.6	344.3	330.1	318.6	271.4	246.8	235.3	157.1	128.6
Gross Profit	1,548.0	1,492.6	1,379.4	1,195.1	1,091.3	1,000.9	833.1	695.9	608.8	525.1	454.3	458.7	441.5	426.9	411.5	396.1
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51.4
Operating Income
Operating Income	568.4	526.6	484.8	230.6	167.8	257.0	215.2	189.6	215.8	169.8	180.8	190.6	105.6	170.7
Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax & Net
Income Tax Expense	128.7	121.5	104.0	33.0	56.5	62.6	59.7	45.6	47.8	42.9	63.7	62.7	35.7	56.0	52.9
Per Share
EPS Basic	10.30	8.93	8.64	3.31	1.65	4.50	5.22	3.56	4.30	3.21	3.74	3.00	1.75	2.68	2.23	1.96
Supplementary Data
EBITDA	762.7	716.5	675.2	415.5	334.4	407.7	354.7	307.3	312.5	261.0	251.5	255.0	160.5	216.4	193.8	181.3

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	115.2	119.2	115.5	119.7	112.6	117.2	107.9	111.3	104.6	100.4	106.3	109.5	107.6	93.6	89.7	91.8	81.4
General & Administrative	84.0	89.6	85.9	82.0	76.5	89.0	77.6	80.3	80.3	92.0	89.7	90.1	84.0	106.1	116.9	87.1	90.3
Depreciation & Amortization	51.7	47.1	47.0	48.5	47.3	48.4	45.7	49.1	47.2	46.5	46.6	47.0	44.8	44.8	44.2	40.0
Amortization of Intangibles	19.0	15.0	15.1	15.3	14.4	14.6	14.7	17.5	17.7	17.6	17.7	17.7	17.5	18.3	18.7	15.6
Other Operating Expenses	0.9	23.6	0.5	0.8	0.0	-	0.0	0.0	-	-	-	-	-	-	-	-	-
Total Operating Expenses	489.8	505.1	490.1	480.8	467.8	486.8	453.9	463.4	450.2	444.3	445.5	463.0	455.2	439.5	446.2	416.5

Operating Income
Operating Income	155.9	159.6	127.8	125.1	114.1	168.2	115.5	108.5	92.6	94.4	70.0	41.7	24.5	35.5	22.0	53.9	56.4	74.8	67.8	47.2	67.2	65.1	44.3	61.3	44.5	39.7	49.6	50.8	49.5	49.3	65.4	53.6	47.5	42.6	52.8	46.0	28.4	49.9	44.2	44.4

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income From Equity Investments	(0.1)	0.6	(0.1)	(1.2)	(2.6)	(12.1)	(2.6)	(1.2)	(1.5)	(2.7)	(1.6)	(1.8)	(1.3)	(0.9)	(1.3)	(1.8)
Other Non-Operating Income	(14.1)	(8.7)	(4.7)	(8.6)	(5.6)	(5.3)	36.4	(19.0)	(5.6)	(4.1)	(12.6)	(10.0)	(22.4)	(4.9)	(24.3)	(14.6)	6.6
Pre-Tax Income	141.8	147.6	123.1	116.5	108.5	145.5	151.9	89.5	87.0	82.9	57.4	31.7	2.1	30.6	(2.3)	39.3

Tax & Net
Income Tax Expense	34.6	36.4	31.4	26.3	27.4	33.9	29.6	19.2	21.3	14.1	16.7	(6.2)	8.4	26.4	5.4	7.4	17.3	18.5	16.1	13.9	14.1	19.1	16.9	15.2	8.5	9.1	13.3	11.7	11.5	5.5	16.1	12.8	13.4	2.7	16.9	15.0	8.3	17.2	16.5	15.4
Net Income From Continuing Ops	107.1	115.1	91.6	89.0	78.5	116.9	119.7	69.1	64.2	73.5	39.1	36.1	(7.6)	3.3	(9.0)	30.1	46.1
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	107.1	115.1	91.6	89.0	78.5	116.9	119.7	69.1	64.2	73.5	39.1	36.1	(7.6)	3.3	(9.0)	30.1	46.1
Net Income Attributable To Parent	107.1	115.1	91.6	89.0	78.5	116.9	119.7	69.1	64.2	73.5	39.1	36.1	(7.6)	3.3	(9.0)	30.1
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	107.1	115.1	91.6	89.0	78.5	116.9	119.7	69.1	64.2	73.5	39.1	36.1	(7.6)	3.3	(9.0)

Per Share
EPS Basic	2.74	-	2.18	2.11	1.83	-	2.79	1.61	1.50	-	0.92	0.85	(0.18)	-	(0.21)	0.71	1.07	-	1.14	0.77	1.28	-	1.78	1.13	0.56	-	1.15	0.99	0.78	-	1.33	0.98	0.99	-	0.80	1.07	0.42	-	0.70	0.74
EPS Diluted	2.73	-	2.17	2.09	1.82	-	2.77	1.60	1.49	-	0.91	0.84	(0.18)	-	(0.21)	0.70	1.06	-
Shares Basic	39.1	-	42.1	42.2	42.8	-	42.9	42.8	42.7	-	42.7	42.6	42.5	-	42.5	42.6	43.0	-
Shares Diluted	39.3	-	42.3	42.5	43.1	-	43.2	43.1	43.0	-	42.9	42.8	42.5	-	42.7	42.9	43.3	-

Supplementary Data
EBITDA	207.6	206.7	174.8	173.6	161.4	216.6	161.2	157.6	139.8	140.9	116.6	88.7	69.3	80.3	66.2	93.9	94.0	113.2	105.9	84.8	103.8	100.9	80.1	95.0	78.7	73.4	84.2	76.7	73.0	74.8	90.1	77.2	70.4	69.0	74.6	67.5	49.9	68.6	62.3	61.7
EBIT	155.9	159.6	127.8	125.1	114.1	168.2	115.5	108.5	92.6	94.4	70.0	41.7	24.5	35.5	22.0	53.9	56.4	74.8	67.8