Morningstar (MORN) Net Income (2009 - 2026)
Morningstar (MORN) posted quarterly Net Income of $108.7 million for Q2 2026, up 20.51% year-over-year from $90.2 million in Q2 2025, and up 1.4% quarter-over-quarter from $107.2 million in Q1 2026.
Morningstar (MORN) Net Income (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Net Income for 16 consecutive years, with $108.7 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Income rose 20.51% year-over-year to $108.7 million; the TTM figure through Jun 2026 stood at $422.1 million (changed 0.12% YoY), while the FY2025 annual figure was $377.5 million, down 2.53% from the prior year.
- Net Income improved to $108.7 million in Q2 2026 per MORN's latest filing, from $107.2 million in the prior quarter.
- Across five years, Net Income topped out at $129.0 million in Q4 2024 and bottomed at -$7.7 million in Q3 2022.
- Historically, Net Income has averaged $66.8 million across 5 years, with a median of $73.2 million in 2023.
- Annual changes were most pronounced in 2022 — Net Income tumbled 116.35% — and 2023, when it surged 1714.29%.
- Morningstar's Net Income stood at $4.2 million in 2022, then soared by 1714.29% to $76.2 million in 2023, then soared by 69.29% to $129.0 million in 2024, then decreased by 11.24% to $114.5 million in 2025, then slipped by 5.07% to $108.7 million in 2026.
- Business Quant data shows MORN's Net Income at $108.7 million in Q2 2026, $107.2 million in Q1 2026, and $114.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.32 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 1.04 Bn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 975.00 Mn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 879.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 507.00 Mn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | -359.47 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 342.00 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 353.10 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 146.70 Mn |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 108.70 Mn |
Historic Data
Download 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 |