Morningstar (MORN) Net Income (2009 - 2026)
Morningstar's Net Income was $115.5 million in Q3 2026, up 26.1% from $91.6 million a year earlier and up 7.1% from the prior quarter.
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Analysis
Morningstar (MORN) Net Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Morningstar's Net Income was $445.5 million through Sep 30, 2026, up 18.5% year-over-year; for FY2025, it came in at $374.2 million, up 1.2% from FY2024.
- Net Income has now increased for three consecutive years, with a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- In earlier years, Net Income was $369.9 million in FY2024 (+162.2%), $141.1 million in FY2023 (+100.1%), $70.5 million in FY2022 (-63.5%) and $193.3 million in FY2021 (-13.6%).
- The Q3 2026 figure marks the highest quarterly Net Income since Q4 2024.
- Compared with a year earlier, Net Income has increased for three straight quarters, with growth averaging 21.1% over the last eight quarters.
- The best year-over-year quarter for Net Income over five years was Q3 2024 (growth of 206.1%); the worst was Q4 2022 (a decline of 94.2%).
- Per Business Quant data, MORN's Net Income in the three quarters before Q3 2026 was $107.8 million (Q2 2026), $107.1 million (Q1 2026) and $115.1 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | 351.00 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 1.35 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 736.00 Mn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | 219.20 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 213.40 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 160.50 Mn |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 121.13 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 115.50 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 4.63 Bn |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 115.50 Mn |
| Jun 30, 2026 | 107.80 Mn |
| Mar 31, 2026 | 107.10 Mn |
| Dec 31, 2025 | 115.10 Mn |
| Sep 30, 2025 | 91.60 Mn |
| Jun 30, 2025 | 89.00 Mn |
| Mar 31, 2025 | 78.50 Mn |
| Dec 31, 2024 | 116.90 Mn |
| Sep 30, 2024 | 119.70 Mn |
| Jun 30, 2024 | 69.10 Mn |
| Mar 31, 2024 | 64.20 Mn |
| Dec 31, 2023 | 73.50 Mn |
| Sep 30, 2023 | 39.10 Mn |
| Jun 30, 2023 | 36.10 Mn |
| Mar 31, 2023 | -7.60 Mn |
| Dec 31, 2022 | 3.30 Mn |
| Sep 30, 2022 | -9.00 Mn |
| Jun 30, 2022 | 30.10 Mn |
| Mar 31, 2022 | 46.10 Mn |
| Dec 31, 2021 | 56.50 Mn |
API Access
Morningstar Net Income 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=net-income&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();