Morningstar, Inc. (MORN) Quarterly Income Statement

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Morningstar, Inc. (MORN) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MORN Income Statement

Morningstar, Inc. (MORN) annual income statement — 26-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Net Interest Income	-13.6M	-13.7M	-8.8M	-7M	-7.4M	-5.4M	-7M	-8.9M	-10.3M	-11.5M	-11.5M	-12.8M	-14.1M	-13.3M	-11.1M	-10.5M	-4.4M	-2.4M	-1.4M	-2.3M
NII Growth %	-83.78%	-153.7%	-25.71%	21.35%	28.16%	53.04%	39.13%	30.47%	26.95%	13.53%	-3.6%	-21.9%	-220.45%	-454.17%	-692.86%	-356.52%	-100%	14.29%	53.33%	-64.29%
Net Interest Margin %	-0.34%	-0.34%	-0.25%	-0.2%	-0.2%	-0.15%	-0.2%	-0.25%	-0.3%	-0.34%	-0.34%	-0.38%	-0.41%	-0.39%	-0.32%	-0.31%	-0.13%	-0.08%	-0.05%	-0.08%
Interest Income	3.5M	1.9M	2.6M	2.4M	2.9M	3.5M	3.7M	3.2M	2.8M	2.5M	3.1M	3M	1.7M	1.2M	1.3M	100K	100K	200K	900K	200K
Interest Expense	17.1M	15.6M	11.4M	9.4M	10.3M	8.9M	10.7M	12.1M	13.1M	14M	14.6M	15.8M	15.8M	14.5M	12.4M	10.6M	4.5M	2.6M	2.3M	2.5M
Loan Loss Provision	222.2M	223.3M	237.8M	232.3M	220.3M	222.5M	221.5M	210.6M	209.6M	204.1M	190.8M	187.1M	200.6M	204.3M	182.6M	184.8M	193.1M	188.7M	187.3M	180.6M
Non-Interest Income	659.7M	642.9M	638.5M	615M	602.2M	578.4M	587.3M	566.2M	569.1M	540.3M	535.6M	512.5M	503M	478.5M	473.7M	468.1M	470.3M	456.8M	461.3M	428.7M
Non-Interest Income %	102.1%	102.18%	101.4%	101.15%	101.24%	100.94%	101.21%	101.6%	101.84%	102.17%	102.19%	102.56%	102.88%	102.86%	102.4%	102.29%	100.94%	100.53%	100.3%	100.54%
Total Net Revenue	646.1M	629.2M	629.7M	608M	594.8M	573M	580.3M	557.3M	558.8M	528.8M	524.1M	499.7M	488.9M	465.2M	462.6M	457.6M	465.9M	454.4M	459.9M	426.4M
Revenue Growth %	8.62%	9.81%	8.51%	9.1%	6.44%	8.36%	10.72%	11.53%	14.3%	13.67%	13.29%	9.2%	4.94%	2.38%	0.59%	7.32%	12.84%	16.6%	21.99%	20.01%
Non-Interest Expense	263.3M	250M	232.3M	247.9M	249.4M	236.4M	190.6M	231.2M	240.7M	232.1M	238.9M	242.6M	246.6M	236.4M	244.5M	250.8M	218.9M	209.3M	197.8M	178M
Efficiency Ratio	40.75%	39.73%	36.89%	40.77%	41.93%	41.26%	32.85%	41.49%	43.07%	43.89%	45.58%	48.55%	50.44%	50.82%	52.85%	54.81%	46.98%	46.06%	43.01%	41.74%
Operating Income	160.6M	155.9M	159.6M	127.8M	125.1M	114.1M	168.2M	115.5M	108.5M	92.6M	94.4M	70M	41.7M	24.5M	35.5M	22M	53.9M	56.4M	74.8M	67.8M
Operating Margin %	24.86%	24.78%	25.35%	21.02%	21.03%	19.91%	28.99%	20.72%	19.42%	17.51%	18.01%	14.01%	8.53%	5.27%	7.67%	4.81%	11.57%	12.41%	16.26%	15.9%
Operating Income Growth %	28.38%	36.63%	-5.11%	10.65%	15.3%	23.22%	78.18%	65%	160.19%	277.96%	165.92%	218.18%	-22.63%	-56.56%	-52.54%	-67.55%	14.19%	-16.07%	14.9%	53.05%
Pretax Income	147M	141.7M	151.5M	123M	115.3M	105.9M	150.8M	149.3M	88.3M	85.5M	87.6M	55.8M	29.9M	800K	29.7M	-3.6M	37.5M	63.4M	75M	65.1M
Pretax Margin %	22.75%	22.52%	24.06%	20.23%	19.38%	18.48%	25.99%	26.79%	15.8%	16.17%	16.71%	11.17%	6.12%	0.17%	6.42%	-0.79%	8.05%	13.95%	16.31%	15.27%
Income Tax	38.3M	34.6M	36.4M	31.4M	26.3M	27.4M	33.9M	29.6M	19.2M	21.3M	14.1M	16.7M	-6.2M	8.4M	26.4M	5.4M	7.4M	17.3M	18.5M	16.1M
Effective Tax Rate %	26.05%	24.42%	24.03%	25.53%	22.81%	25.87%	22.48%	19.83%	21.74%	24.91%	16.1%	29.93%	-20.74%	1050%	88.89%	-150%	19.73%	27.29%	24.67%	24.73%
Net Income	107.8M	107.1M	115.1M	91.6M	89M	78.5M	116.9M	119.7M	69.1M	64.2M	73.5M	39.1M	36.1M	-7.6M	3.3M	-9M	30.1M	46.1M	56.5M	49M
Net Margin %	16.68%	17.02%	18.28%	15.07%	14.96%	13.7%	20.14%	21.48%	12.37%	12.14%	14.02%	7.82%	7.38%	-1.63%	0.71%	-1.97%	6.46%	10.15%	12.29%	11.49%
Net Income Growth %	21.12%	36.43%	-1.54%	-23.48%	28.8%	22.27%	59.05%	206.14%	91.41%	944.74%	2127.27%	534.44%	19.93%	-116.49%	-94.16%	-118.37%	-8.51%	-16.03%	-24.97%	-35.7%
Net Income (Continuing)	108.7M	107.1M	115.1M	91.6M	89M	78.5M	116.9M	119.7M	69.1M	64.2M	73.5M	39.1M	36.1M	-7.6M	3.3M	-9M	30.1M	46.1M	56.5M	49M
EPS (Diluted)	2.83	2.73	2.83	2.17	2.09	1.82	2.71	2.77	1.60	1.49	1.71	0.91	0.84	-0.15	0.08	-0.18	0.70	1.06	1.30	1.13
EPS Growth %	35.41%	50%	4.43%	-21.66%	30.63%	22.15%	58.48%	204.4%	90.48%	1093.33%	2037.5%	605.56%	20%	-114.15%	-93.85%	-115.93%	-7.89%	-16.54%	-25.29%	-35.8%
EPS (Basic)	2.85	2.74	2.84	2.18	2.11	1.83	2.72	2.79	1.61	1.50	1.72	0.92	0.85	-0.15	0.08	-0.18	0.71	1.06	1.31	1.14
Diluted Shares Outstanding	38.1M	39.3M	40.7M	42.6M	42.8M	43.1M	43.1M	43.2M	43.1M	43M	43M	42.9M	42.8M	42.8M	42.7M	42.7M	42.9M	43.3M	43.4M	43.4M