Morningstar (MORN) Revenue (2009 - 2026)
Morningstar (MORN) posted Revenue of $663.2 million for Q2 2026, up 9.6% from $605.1 million a year earlier and up 2.9% from the prior quarter.
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Analysis
Morningstar (MORN) Revenue (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Revenue at Morningstar was $2.57 billion, up 9.3% year-over-year; for FY2025, it was $2.45 billion, up 7.5% from FY2024.
- Annual Revenue has increased for 16 consecutive years, with a five-year compound annual growth rate of 12.0% (FY2020 to FY2025).
- In prior years, Morningstar's Revenue was $2.28 billion in FY2024 (+11.6%), $2.04 billion in FY2023 (+9.0%), $1.87 billion in FY2022 (+10.1%) and $1.7 billion in FY2021 (+22.3%).
- The Q2 2026 figure stands as the highest quarterly Revenue in data going back to Q2 2009.
- On a year-over-year basis, Revenue has increased in each of the last 40 quarters, with growth averaging 8.8% over the last eight quarters.
- The year-over-year growth in Revenue has ranged between 2.8% (Q4 2022) and 21.5% (Q4 2021) over the last five years.
- According to Business Quant data, Revenue for the three prior quarters was $644.8 million (Q1 2026), $641.1 million (Q4 2025) and $617.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 4.15 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 2.19 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 867.00 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 806.30 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 1.70 Bn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 1.31 Bn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 622.92 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 663.20 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 9.28 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 1.71 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 663.20 Mn |
| Mar 31, 2026 | 644.80 Mn |
| Dec 31, 2025 | 641.10 Mn |
| Sep 30, 2025 | 617.40 Mn |
| Jun 30, 2025 | 605.10 Mn |
| Mar 31, 2025 | 581.90 Mn |
| Dec 31, 2024 | 591.00 Mn |
| Sep 30, 2024 | 569.40 Mn |
| Jun 30, 2024 | 571.90 Mn |
| Mar 31, 2024 | 542.80 Mn |
| Dec 31, 2023 | 538.70 Mn |
| Sep 30, 2023 | 515.50 Mn |
| Jun 30, 2023 | 504.70 Mn |
| Mar 31, 2023 | 479.70 Mn |
| Dec 31, 2022 | 475.00 Mn |
| Sep 30, 2022 | 468.20 Mn |
| Jun 30, 2022 | 470.40 Mn |
| Mar 31, 2022 | 457.00 Mn |
| Dec 31, 2021 | 462.20 Mn |
| Sep 30, 2021 | 428.90 Mn |
API Access
Morningstar Revenue 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=revenue&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();