Morningstar, Inc. (MORN) Earnings History
Growth Compounder26 years of earnings data (2000–2025) · Consistent double-digit EPS growth over 5 years
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Morningstar, Inc. (MORN) Earnings Overview
As of November 8, 2026, Morningstar, Inc. (MORN) reported trailing twelve-month net income of $446M, reflecting +3.4% year-over-year growth. The company earned $11.79 per diluted share over the past four quarters, with a net profit margin of 15.6%.
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 62.0%, operating margin of 21.9%, and net margin of 15.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MSCI ($1.38B net income, 41.1% margin), SPGI ($4.99B net income, 29.7% margin), MCO ($2.88B net income, 32.7% 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 | 15.6% | 21.9% |
| 2024 | $370M | +162.2% | $485M | $8.58 | 16.6% | 21.8% |
| 2023 | $141M | +100.1% | $231M | $3.29 | 7.1% | 11.6% |
| 2022 | $71M | -63.5% | $168M | $1.64 | 3.8% | 9.1% |
| 2021 | $193M | -13.6% | $257M | $4.45 | 11.4% | 15.2% |
| 2020 | $224M | +47.1% | $215M | $5.18 | 16.2% | 15.6% |
| 2019 | $152M | -16.9% | $190M | $3.52 | 13.0% | 16.2% |
| 2018 | $183M | +33.7% | $216M | $4.26 | 18.0% | 21.2% |
| 2017 | $137M | -15.0% | $170M | $3.18 | 15.1% | 18.7% |
| 2016 | $161M | +21.4% | $181M | $3.72 | 20.2% | 22.7% |
| 2015 | $133M | +69.3% | $191M | $3.00 | 16.8% | 24.2% |
| 2014 | $78M | -36.6% | $106M | $1.74 | 10.3% | 13.9% |
| 2013 | $124M | +14.3% | $171M | $2.66 | 17.7% | 24.5% |
| 2012 | $108M | +9.9% | $151M | $2.20 | 16.4% | 22.9% |
| 2011 | $98M | +13.9% | $138M | $1.92 | 15.6% | 22.0% |
| 2010 | $86M | +4.7% | $121M | $1.70 | 15.6% | 21.8% |
| 2009 | $82M | -10.9% | $125M | $1.65 | 17.2% | 26.0% |
| 2008 | $93M | +25.2% | $139M | $1.88 | 18.4% | 27.7% |
| 2007 | $74M | +42.8% | $117M | $1.53 | 17.0% | 26.9% |
| 2006 | $52M | +66.3% | $78M | $1.11 | 16.4% | 24.6% |
| 2005 | $31M | +253.2% | $46M | $0.70 | 13.7% | 20.5% |
| 2004 | $9M | +174.0% | $18M | $0.21 | 4.9% | 9.9% |
| 2003 | -$12M | -2767.5% | -$11M | $-0.31 | -8.5% | -7.7% |
| 2002 | $446,000 | +104.8% | -$8M | $-0.09 | 0.4% | -7.6% |
| 2001 | -$9M | +67.5% | -$16M | $-0.22 | -10.2% | -18.0% |
| 2000 | -$29M | - | -$62M | $-0.75 | -38.2% | -82.8% |
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MORN — Frequently Asked Questions
Quick answers to the most common questions about buying MORN stock.
What is MORN earnings per share (EPS)?
MORN trailing twelve-month (TTM) diluted EPS is $11.79, reflecting +3.4% year-over-year growth. The 5-year EPS CAGR is +11.4%. Complete EPS history from 2000 to 2025 is available in the table on this page.
What is Morningstar, Inc.'s net income?
Morningstar, Inc. (MORN) trailing twelve-month net income is $446M as of 2025. Earnings grew +3.4% year-over-year. Morningstar, Inc. has been profitable for 22 consecutive years.
Is MORN profitable?
Yes, MORN is profitable with a TTM net income of $446M and a net profit margin of +15.6%. Morningstar, Inc. has generated profits for 22 consecutive years.
What is MORN's earnings growth rate?
MORN compound annual EPS growth rates (CAGR): 1-Year: +3.4%, 3-Year: +75.5%, 5-Year: +11.4%, 10-Year: +11.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2000 to 2025.
What are MORN's profit margins?
Morningstar, Inc. net profit margin is +15.6%, operating margin is +21.9%, and gross margin is +62.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +26.3%.
Is MORN growing earnings?
MORN earnings growth is slowing. Current YoY EPS growth of +3.4% trails the 5-year CAGR of +11.4%. TTM net income is $446M.
What was MORN's best earnings year?
Morningstar, Inc.'s highest annual net income on record is $374M, achieved in fiscal year 2025. Earnings history on this page spans 2000 to 2025 and includes all annual and quarterly figures.
What were MORN's earnings last quarter?
MORN's most recent reported quarter was Q3 2026. Net income was $116M with diluted EPS of $3.06. For a full breakdown of all quarters, see the quarterly earnings table on this page.