Morningstar (MORN) Income from Continuing Operations (2009 - 2026)
Morningstar (MORN) recorded Income from Continuing Operations of $108.7 million in Q2 2026, up 20.5% from $90.2 million a year earlier and up 1.4% from the prior quarter.
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Analysis
Morningstar (MORN) Income from Continuing Operations (2009 - 2026) Analysis & Trends
On a TTM basis, Morningstar's Income from Continuing Operations came in at $422.1 million as of Jun 30, 2026, down 0.1% year-over-year; for FY2025, it was $377.5 million, down 2.5% from FY2024.
- Annual Income from Continuing Operations has a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- Across earlier years, Income from Continuing Operations came in at $387.3 million in FY2024 (+160.8%), $148.5 million in FY2023 (+100.4%), $74.1 million in FY2022 (-60.6%) and $187.9 million in FY2021 (-15.9%).
- Quarterly Income from Continuing Operations has ranged from -$7.7 million in Q3 2022 to $129 million in Q4 2024 over the past five years.
- On a year-over-year basis, Income from Continuing Operations rose in six of the last eight quarters, with growth averaging 42.2%.
- Peak year-over-year performance for Income from Continuing Operations in the last five years was growth of 200.5% in Q3 2024, against a decline of 92.5% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $107.2 million (Q1 2026), $114.5 million (Q4 2025) and $91.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 1.32 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 879.00 Mn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 342.00 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 228.60 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 185.10 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 146.70 Mn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 126.72 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 108.70 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 4.39 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 108.70 Mn |
| Mar 31, 2026 | 107.20 Mn |
| Dec 31, 2025 | 114.50 Mn |
| Sep 30, 2025 | 91.70 Mn |
| Jun 30, 2025 | 90.20 Mn |
| Mar 31, 2025 | 81.10 Mn |
| Dec 31, 2024 | 129.00 Mn |
| Sep 30, 2024 | 122.30 Mn |
| Jun 30, 2024 | 70.30 Mn |
| Mar 31, 2024 | 65.70 Mn |
| Dec 31, 2023 | 76.20 Mn |
| Sep 30, 2023 | 40.70 Mn |
| Jun 30, 2023 | 37.90 Mn |
| Mar 31, 2023 | -6.30 Mn |
| Dec 31, 2022 | 4.20 Mn |
| Sep 30, 2022 | -7.70 Mn |
| Jun 30, 2022 | 31.90 Mn |
| Mar 31, 2022 | 45.70 Mn |
| Dec 31, 2021 | 55.70 Mn |
| Sep 30, 2021 | 47.10 Mn |
API Access
Morningstar Income from Continuing Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-continuing-operations", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();