Morningstar annual revenue
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Morningstar Revenue Growth & History (MORN)
Morningstar reported $2.45B in revenue for fiscal 2025, an increase of 7.49% from the previous fiscal year.
View full Morningstar company overviewMorningstar annual revenue and growth
| Fiscal year | Period ended | Revenue | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.45B | $170.4M | +7.49% |
| 2024 | 2024-12-31 | $2.28B | $236.5M | +11.60% |
| 2023 | 2023-12-31 | $2.04B | $168.0M | +8.98% |
| 2022 | 2022-12-31 | $1.87B | $171.3M | +10.08% |
| 2021 | 2021-12-31 | $1.70B | $309.8M | +22.30% |
| 2020 | 2020-12-31 | $1.39B | $210.5M | +17.85% |
| 2019 | 2019-12-31 | $1.18B | $159.1M | +15.60% |
| 2018 | 2018-12-31 | $1.02B | $108.2M | +11.87% |
| 2017 | 2017-12-31 | $911.7M | $113.1M | +14.16% |
| 2016 | 2016-12-31 | $798.6M | $9.8M | +1.24% |
| 2015 | 2015-12-31 | $788.8M | $28.7M | +3.78% |
| 2014 | 2014-12-31 | $760.1M | $61.8M | +8.85% |
| 2013 | 2013-12-31 | $698.3M | $40.0M | +6.08% |
| 2012 | 2012-12-31 | $658.3M | $26.9M | +4.26% |
| 2011 | 2011-12-31 | $631.4M | $76.0M | +13.69% |
| 2010 | 2010-12-31 | $555.4M | $76.4M | +15.94% |
| 2009 | 2009-12-31 | $479.0M | −$23.5M | −4.67% |
| 2008 | 2008-12-31 | $502.5M | — | — |
Morningstar quarterly revenue
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| Fiscal quarter | Period ended | Revenue | Change | YoY growth |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $663.2M | $58.1M | +9.60% |
| Q1 2026 | 2026-03-31 | $644.8M | $62.9M | +10.81% |
| Q4 2025 | 2025-12-31 | $641.1M | $50.1M | +8.48% |
| Q3 2025 | 2025-09-30 | $617.4M | $48.0M | +8.43% |
| Q2 2025 | 2025-06-30 | $605.1M | $33.2M | +5.81% |
| Q1 2025 | 2025-03-31 | $581.9M | $39.1M | +7.20% |
| Q4 2024 | 2024-12-31 | $591.0M | $52.3M | +9.71% |
| Q3 2024 | 2024-09-30 | $569.4M | $53.9M | +10.46% |
| Q2 2024 | 2024-06-30 | $571.9M | $67.2M | +13.31% |
| Q1 2024 | 2024-03-31 | $542.8M | $63.1M | +13.15% |
| Q4 2023 | 2023-12-31 | $538.7M | $63.7M | +13.41% |
| Q3 2023 | 2023-09-30 | $515.5M | $47.3M | +10.10% |
| Q2 2023 | 2023-06-30 | $504.7M | $34.3M | +7.29% |
| Q1 2023 | 2023-03-31 | $479.7M | $22.7M | +4.97% |
| Q4 2022 | 2022-12-31 | $475.0M | $12.8M | +2.77% |
| Q3 2022 | 2022-09-30 | $468.2M | $39.3M | +9.16% |
| Q2 2022 | 2022-06-30 | $470.4M | $55.0M | +13.24% |
| Q1 2022 | 2022-03-31 | $457.0M | $64.2M | +16.34% |
| Q4 2021 | 2021-12-31 | $462.2M | $81.8M | +21.50% |
| Q3 2021 | 2021-09-30 | $428.9M | $71.7M | +20.07% |
| Q2 2021 | 2021-06-30 | $415.4M | $87.5M | +26.68% |
| Q1 2021 | 2021-03-31 | $392.8M | $68.8M | +21.23% |
| Q4 2020 | 2020-12-31 | $380.4M | $48.0M | +14.44% |
| Q3 2020 | 2020-09-30 | $357.2M | $43.4M | +13.83% |
| Q2 2020 | 2020-06-30 | $327.9M | $54.0M | +19.72% |
| Q1 2020 | 2020-03-31 | $324.0M | $65.1M | +25.14% |
| Q4 2019 | 2019-12-31 | $332.4M | $69.7M | +26.53% |
| Q3 2019 | 2019-09-30 | $313.8M | $52.5M | +20.09% |
| Q2 2019 | 2019-06-30 | $273.9M | $21.5M | +8.52% |
| Q1 2019 | 2019-03-31 | $258.9M | $15.4M | +6.32% |
| Q4 2018 | 2018-12-31 | $262.7M | $19.6M | +8.06% |
| Q3 2018 | 2018-09-30 | $261.3M | $31.4M | +13.66% |
| Q2 2018 | 2018-06-30 | $252.4M | $23.2M | +10.12% |
| Q1 2018 | 2018-03-31 | $243.5M | $34.0M | +16.23% |
| Q4 2017 | 2017-12-31 | $243.1M | $30.9M | +14.56% |
| Q3 2017 | 2017-09-30 | $229.9M | $33.8M | +17.24% |
| Q2 2017 | 2017-06-30 | $229.2M | $31.0M | +15.64% |
| Q1 2017 | 2017-03-31 | $209.5M | $17.4M | +9.06% |
| Q4 2016 | 2016-12-31 | $212.2M | $10.6M | +5.26% |
| Q3 2016 | 2016-09-30 | $196.1M | $800,000 | +0.41% |
| Q2 2016 | 2016-06-30 | $198.2M | −$3.9M | −1.93% |
| Q1 2016 | 2016-03-31 | $192.1M | $2.3M | +1.21% |
| Q4 2015 | 2015-12-31 | $201.6M | $5.2M | +2.65% |
| Q3 2015 | 2015-09-30 | $195.3M | $2.2M | +1.14% |
| Q2 2015 | 2015-06-30 | $202.1M | $12.7M | +6.71% |
| Q1 2015 | 2015-03-31 | $189.8M | $8.6M | +4.75% |
| Q4 2014 | 2014-12-31 | $196.4M | $15.9M | +8.81% |
| Q3 2014 | 2014-09-30 | $193.1M | $19.6M | +11.31% |
| Q2 2014 | 2014-06-30 | $189.4M | $14.0M | +7.96% |
| Q1 2014 | 2014-03-31 | $181.2M | $12.3M | +7.31% |
| Q4 2013 | 2013-12-31 | $180.5M | $9.9M | +5.80% |
| Q3 2013 | 2013-09-30 | $173.5M | $12.5M | +7.78% |
| Q2 2013 | 2013-06-30 | $175.4M | $9.5M | +5.70% |
| Q1 2013 | 2013-03-31 | $168.9M | $8.1M | +5.04% |
| Q4 2012 | 2012-12-31 | $170.6M | $12.0M | +7.59% |
| Q3 2012 | 2012-09-30 | $161.0M | $901,000 | +0.56% |
| Q2 2012 | 2012-06-30 | $166.0M | $5.0M | +3.08% |
| Q1 2012 | 2012-03-31 | $160.8M | $9.0M | +5.92% |
| Q4 2011 | 2011-12-31 | $158.6M | $7.4M | +4.91% |
| Q3 2011 | 2011-09-30 | $160.1M | $20.2M | +14.47% |
| Q2 2011 | 2011-06-30 | $161.0M | $24.9M | +18.31% |
| Q1 2011 | 2011-03-31 | $151.8M | $23.5M | +18.30% |
| Q4 2010 | 2010-12-31 | $151.2M | — | — |
| Q3 2010 | 2010-09-30 | $139.8M | $19.7M | +16.43% |
| Q2 2010 | 2010-06-30 | $136.1M | $16.6M | +13.85% |
| Q1 2010 | 2010-03-31 | $128.3M | — | — |
| Q3 2009 | 2009-09-30 | $120.1M | — | — |
| Q2 2009 | 2009-06-30 | $119.5M | — | — |
Morningstar revenue growth trends
Over the last five reported fiscal years, revenue grew from $1.39B to $2.45B, a compound annual growth rate of 11.97%. Morningstar's latest reported quarter, Q2 2026, generated $663.2M in revenue, an increase of 9.60% year over year.
About the data
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Revenue is the top-line amount a company reports from selling goods and services before expenses are deducted. Fiscal periods can differ from calendar years, so each table includes the exact period end date.
Financial data
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