Morningstar, Inc. (MORN) Earnings History
Annual and quarterly earnings data from 2000 to 2025
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MORN EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MORN Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 61.0% | 21.5% | 15.3% |
| 2024 | 60.6% | 21.3% | 16.3% |
| 2023 | 58.6% | 11.3% | 6.9% |
| 2022 | 58.3% | 9.0% | 3.8% |
| 2021 | 58.9% | 15.1% | 11.4% |
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Morningstar, Inc. (MORN) Earnings Overview
As of May 8, 2026, Morningstar, Inc. (MORN) reported trailing twelve-month net income of $403M, reflecting +3.4% year-over-year growth. The company earned $10.25 per diluted share over the past four quarters, with a net profit margin of 15.3%.
Looking at the long-term picture, MORN's 5-year EPS compound annual growth rate (CAGR) stands at +11.4%, showing solid earnings momentum. The company achieved its highest annual net income of $374M in fiscal 2025, representing a new all-time high.
Morningstar, Inc. maintains industry-leading profitability with a gross margin of 61.0%, operating margin of 21.5%, and net margin of 15.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MSCI ($1.32B net income, 38.4% margin), SPGI ($4.78B net income, 29.2% margin), MCO ($2.50B net income, 31.9% margin), MORN has room to improve margins relative to the peer group. Compare MORN vs MSCI →
MORN Earnings vs Peers
Earnings metrics vs comparable public companies
MORN Historical Earnings Data (2000–2025)
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $374M | +1.2% | $527M | $8.87 | 15.3% | 21.5% |
| 2024 | $370M | +162.2% | $485M | $8.58 | 16.3% | 21.3% |
| 2023 | $141M | +100.1% | $231M | $3.29 | 6.9% | 11.3% |
| 2022 | $71M | -63.5% | $168M | $1.64 | 3.8% | 9.0% |
| 2021 | $193M | -13.6% | $257M | $4.45 | 11.4% | 15.1% |
| 2020 | $224M | +47.1% | $215M | $5.18 | 16.1% | 15.5% |
| 2019 | $152M | -16.9% | $190M | $3.52 | 12.9% | 16.1% |
| 2018 | $183M | +33.7% | $216M | $4.26 | 17.9% | 21.2% |
| 2017 | $137M | -15.0% | $170M | $3.18 | 15.0% | 18.6% |
| 2016 | $161M | +21.4% | $181M | $3.72 | 20.2% | 22.6% |
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Start ComparisonMORN — Frequently Asked Questions
Quick answers to the most common questions about buying MORN stock.
Is MORN growing earnings?
MORN EPS of $10.25 reflects slowing growth at +3.4%, below the 5-year CAGR of +11.4%. TTM net income is $403M. Expansion rate has moderated.
What are MORN's profit margins?
Morningstar, Inc. net margin is +15.3%, with operating margin at +21.5%. Above-average margins indicate pricing power.
How consistent are MORN's earnings?
MORN earnings data spans 2000-2025. The current earnings trend is +3.4% YoY. Historical data enables comparison across business cycles.