Morningstar, Inc. (MORN)

Every figure below is the company's own, as filed. Nothing is estimated and nothing is smoothed — a period the filing does not support is left blank rather than drawn. Quarters are the company's own, counted from its financial year ending 12-31. Amounts in USD.

Revenue TTM

0 900M 1.8B 2.7B Q4 '09: 479M Q1 '10: 490.6M Q2 '10: 507.1M Q3 '10: 526.8M Q4 '10: 555.4M Q1 '11: 578.8M Q2 '11: 603.7M Q3 '11: 624M Q4 '11: 631.4M Q1 '12: 640.4M Q2 '12: 645.3M Q3 '12: 646.2M Q4 '12: 658.3M Q1 '13: 666.4M Q2 '13: 675.8M Q3 '13: 688.4M Q4 '13: 698.3M Q1 '14: 710.6M Q2 '14: 724.6M Q3 '14: 744.2M Q4 '14: 760.1M Q1 '15: 768.7M Q2 '15: 781.4M Q3 '15: 783.6M Q4 '15: 788.8M Q1 '16: 791.1M Q2 '16: 787.2M Q3 '16: 788M Q4 '16: 798.6M Q1 '17: 816M Q2 '17: 847M Q3 '17: 880.8M Q4 '17: 911.7M Q1 '18: 945.7M Q2 '18: 968.9M Q3 '18: 1B Q4 '18: 1B Q1 '19: 1B Q2 '19: 1.1B Q3 '19: 1.1B Q4 '19: 1.2B Q1 '20: 1.2B Q2 '20: 1.3B Q3 '20: 1.3B Q4 '20: 1.4B Q1 '21: 1.5B Q2 '21: 1.5B Q3 '21: 1.6B Q4 '21: 1.7B Q1 '22: 1.8B Q2 '22: 1.8B Q3 '22: 1.9B Q4 '22: 1.9B Q1 '23: 1.9B Q2 '23: 1.9B Q3 '23: 2B Q4 '23: 2B Q1 '24: 2.1B Q2 '24: 2.2B Q3 '24: 2.2B Q4 '24: 2.3B Q1 '25: 2.3B Q2 '25: 2.3B Q3 '25: 2.4B Q4 '25: 2.4B Q1 '26: 2.5B Q2 '26: 2.6B Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Gross Profit TTM

0 600M 1.2B 1.8B Q4 '10: 398.3M Q1 '11: 415.4M Q2 '11: 434.9M Q3 '11: 447.8M Q4 '11: 396.1M Q1 '12: 395.5M Q2 '12: 396.1M Q3 '12: 384.6M Q4 '12: 437.3M Q1 '13: 434.1M Q2 '13: 428.6M Q3 '13: 429.2M Q4 '13: 426.9M Q1 '14: 425.1M Q2 '14: 422M Q3 '14: 434M Q4 '14: 441.6M Q1 '15: 447.3M Q2 '15: 458.3M Q3 '15: 457.1M Q4 '15: 458.6M Q1 '16: 454.3M Q2 '16: 447.5M Q3 '16: 446.8M Q4 '16: 454.3M Q1 '17: 460M Q2 '17: 481.8M Q3 '17: 509.6M Q4 '17: 525.1M Q1 '18: 553.7M Q2 '18: 572.4M Q3 '18: 594.7M Q4 '18: 608.8M Q1 '19: 621.5M Q2 '19: 635.3M Q3 '19: 659.4M Q4 '19: 695.9M Q1 '20: 729.1M Q2 '20: 759.5M Q3 '20: 792.6M Q4 '20: 833.1M Q1 '21: 881.6M Q2 '21: 931.8M Q3 '21: 959.1M Q4 '21: 1B Q1 '22: 1B Q2 '22: 1.1B Q3 '22: 1.1B Q4 '22: 1.1B Q1 '23: 1.1B Q2 '23: 1.1B Q3 '23: 1.1B Q4 '23: 1.2B Q1 '24: 1.3B Q2 '24: 1.3B Q3 '24: 1.4B Q4 '24: 1.4B Q1 '25: 1.4B Q2 '25: 1.4B Q3 '25: 1.5B Q4 '25: 1.5B Q1 '26: 1.5B Q2 '26: 1.6B Q2 '12 Q2 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Revenue minus cost of sales. This filer tags no gross profit of its own..

Operating Income TTM

0 250M 500M 750M Q4 '09: 124.7M Q1 '10: 121M Q2 '10: 116M Q3 '10: 112.4M Q4 '10: 121.1M Q1 '11: 121.9M Q2 '11: 132.9M Q3 '11: 136.6M Q4 '11: 138.4M Q1 '12: 137M Q2 '12: 139.5M Q3 '12: 145.5M Q4 '12: 150.7M Q1 '13: 160.8M Q2 '13: 163.3M Q3 '13: 168M Q4 '13: 170.7M Q1 '14: 168.6M Q2 '14: 100.2M Q3 '14: 100.9M Q4 '14: 105.6M Q1 '15: 111.6M Q2 '15: 186.1M Q3 '15: 187M Q4 '15: 190.5M Q1 '16: 188.3M Q2 '16: 183M Q3 '16: 181M Q4 '16: 180.8M Q1 '17: 166.9M Q2 '17: 168.5M Q3 '17: 177.1M Q4 '17: 169.8M Q1 '18: 188.9M Q2 '18: 196.5M Q3 '18: 209.1M Q4 '18: 215.8M Q1 '19: 217.8M Q2 '19: 215M Q3 '19: 199.2M Q4 '19: 189.6M Q1 '20: 184.6M Q2 '20: 195.1M Q3 '20: 189.8M Q4 '20: 215.2M Q1 '21: 237.9M Q2 '21: 223.8M Q3 '21: 247.3M Q4 '21: 257M Q1 '22: 246.2M Q2 '22: 252.9M Q3 '22: 207.1M Q4 '22: 167.8M Q1 '23: 135.9M Q2 '23: 123.7M Q3 '23: 171.7M Q4 '23: 230.6M Q1 '24: 298.7M Q2 '24: 365.5M Q3 '24: 411M Q4 '24: 484.8M Q1 '25: 506.3M Q2 '25: 522.9M Q3 '25: 535.2M Q4 '25: 526.6M Q1 '26: 568.4M Q2 '26: 603.9M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Net Income TTM

0 150M 300M 450M Q4 '09: 82.1M Q1 '10: 77.4M Q2 '10: 74.8M Q3 '10: 77M Q4 '10: 86.4M Q1 '11: 88.7M Q2 '11: 97.2M Q3 '11: 93.9M Q4 '11: 98.4M Q1 '12: 96M Q2 '12: 97.4M Q3 '12: 103M Q4 '12: 108.1M Q1 '13: 117.6M Q2 '13: 120.8M Q3 '13: 125.2M Q4 '13: 123.5M Q1 '14: 120.3M Q2 '14: 79.4M Q3 '14: 78.1M Q4 '14: 78.3M Q1 '15: 81.6M Q2 '15: 123.6M Q3 '15: 126.9M Q4 '15: 132.7M Q1 '16: 131.7M Q2 '16: 131.3M Q3 '16: 128M Q4 '16: 161M Q1 '17: 150.3M Q2 '17: 164.6M Q3 '17: 168.3M Q4 '17: 136.9M Q1 '18: 160.8M Q2 '18: 156.5M Q3 '18: 179.5M Q4 '18: 183M Q1 '19: 174.3M Q2 '19: 174.6M Q3 '19: 166.8M Q4 '19: 152M Q1 '20: 142.7M Q2 '20: 148.8M Q3 '20: 175.9M Q4 '20: 224.5M Q1 '21: 255.5M Q2 '21: 240.2M Q3 '21: 213M Q4 '21: 193.3M Q1 '22: 184.5M Q2 '22: 181.7M Q3 '22: 123.7M Q4 '22: 70.5M Q1 '23: 16.8M Q2 '23: 22.8M Q3 '23: 70.9M Q4 '23: 141.1M Q1 '24: 212.9M Q2 '24: 245.9M Q3 '24: 326.5M Q4 '24: 369.9M Q1 '25: 384.2M Q2 '25: 404.1M Q3 '25: 376M Q4 '25: 374.2M Q1 '26: 402.8M Q2 '26: 421.6M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Cost of Revenue TTM

0 350M 700M 1.1B Q4 '09: 128.6M Q1 '10: 132.7M Q2 '10: 141.7M Q3 '10: 150.5M Q4 '10: 157.1M Q1 '11: 163.4M Q2 '11: 168.9M Q3 '11: 176.2M Q4 '11: 235.3M Q1 '12: 244.9M Q2 '12: 249.2M Q3 '12: 261.7M Q4 '12: 221M Q1 '13: 232.3M Q2 '13: 247.3M Q3 '13: 259.1M Q4 '13: 271.4M Q1 '14: 285.6M Q2 '14: 302.6M Q3 '14: 310.2M Q4 '14: 318.5M Q1 '15: 321.4M Q2 '15: 323.1M Q3 '15: 326.5M Q4 '15: 330.2M Q1 '16: 336.8M Q2 '16: 339.7M Q3 '16: 341.2M Q4 '16: 344.3M Q1 '17: 356M Q2 '17: 365.2M Q3 '17: 371.2M Q4 '17: 386.6M Q1 '18: 392M Q2 '18: 396.5M Q3 '18: 405.6M Q4 '18: 411.1M Q1 '19: 413.8M Q2 '19: 421.5M Q3 '19: 449.9M Q4 '19: 483.1M Q1 '20: 515M Q2 '20: 538.6M Q3 '20: 548.9M Q4 '20: 556.4M Q1 '21: 576.7M Q2 '21: 614M Q3 '21: 658.4M Q4 '21: 698.4M Q1 '22: 732.4M Q2 '22: 761.6M Q3 '22: 773.9M Q4 '22: 779.3M Q1 '23: 806.8M Q2 '23: 825.6M Q3 '23: 833.1M Q4 '23: 843.5M Q1 '24: 842.8M Q2 '24: 849.1M Q3 '24: 868.9M Q4 '24: 895.7M Q1 '25: 909M Q2 '25: 916.9M Q3 '25: 935.9M Q4 '25: 952.9M Q1 '26: 960.4M Q2 '26: 969.1M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Operating Cash Flow TTM

0 250M 500M 750M Q2 '10: 115M Q3 '10: 114.2M Q4 '10: 123.4M Q1 '11: 123.3M Q2 '11: 139.5M Q3 '11: 149.4M Q4 '11: 165M Q1 '12: 156.3M Q2 '12: 158.6M Q3 '12: 151M Q4 '12: 146M Q1 '13: 167M Q2 '13: 176.3M Q3 '13: 185.9M Q4 '13: 186.7M Q1 '14: 171.9M Q2 '14: 168.3M Q3 '14: 129.8M Q4 '14: 136.6M Q1 '15: 159.7M Q2 '15: 182.9M Q3 '15: 249.9M Q4 '15: 241.5M Q1 '16: 217.9M Q2 '16: 211.3M Q3 '16: 196.1M Q4 '16: 213.7M Q1 '17: 248.8M Q2 '17: 233.1M Q3 '17: 235.2M Q4 '17: 250.1M Q1 '18: 263.5M Q2 '18: 277.6M Q3 '18: 294.9M Q4 '18: 314.8M Q1 '19: 313.9M Q2 '19: 331.3M Q3 '19: 357.2M Q4 '19: 334.4M Q1 '20: 324.1M Q2 '20: 364.5M Q3 '20: 352.2M Q4 '20: 384.3M Q1 '21: 399.8M Q2 '21: 399.4M Q3 '21: 428.6M Q4 '21: 449.9M Q1 '22: 409.2M Q2 '22: 350.7M Q3 '22: 330.2M Q4 '22: 297.8M Q1 '23: 297.7M Q2 '23: 253.5M Q3 '23: 282.1M Q4 '23: 316.4M Q1 '24: 386.6M Q2 '24: 514.8M Q3 '24: 576M Q4 '24: 591.6M Q1 '25: 589M Q2 '25: 535.3M Q3 '25: 539.1M Q4 '25: 589.7M Q1 '26: 590.2M Q2 '26: 646.9M Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

Free Cash Flow TTM

0 200M 400M 600M Q2 '11: 120.2M Q3 '11: 127.7M Q4 '11: 141.7M Q1 '12: 129M Q2 '12: 125.8M Q3 '12: 119.5M Q4 '12: 116M Q1 '13: 136.9M Q2 '13: 145.3M Q3 '13: 150.8M Q4 '13: 153.1M Q1 '14: 126.6M Q2 '14: 122.7M Q3 '14: 81.3M Q4 '14: 78.3M Q1 '15: 107.8M Q2 '15: 127.8M Q3 '15: 194.5M Q4 '15: 184.2M Q1 '16: 161.5M Q2 '16: 152.2M Q3 '16: 131.2M Q4 '16: 150.9M Q1 '17: 185.2M Q2 '17: 166.4M Q3 '17: 173.5M Q4 '17: 183.5M Q1 '18: 193.6M Q2 '18: 208.7M Q3 '18: 219.5M Q4 '18: 238.7M Q1 '19: 236.7M Q2 '19: 253.8M Q3 '19: 279.2M Q4 '19: 254.4M Q1 '20: 247.7M Q2 '20: 289.4M Q3 '20: 274.6M Q4 '20: 307.6M Q1 '21: 315.5M Q2 '21: 313.4M Q3 '21: 335M Q4 '21: 348.1M Q1 '22: 302.1M Q2 '22: 230.6M Q3 '22: 206.6M Q4 '22: 168.3M Q1 '23: 166.7M Q2 '23: 123.9M Q3 '23: 156.9M Q4 '23: 197.3M Q1 '24: 262.9M Q2 '24: 389.5M Q3 '24: 443.9M Q4 '24: 448.9M Q1 '25: 448.2M Q2 '25: 389.8M Q3 '25: 394.1M Q4 '25: 442.6M Q1 '26: 437.4M Q2 '26: 497.5M Q2 '12 Q2 '14 Q2 '16 Q2 '18 Q2 '20 Q2 '22 Q2 '24 Q2 '26

Operating cash flow minus capital expenditure.

Shares Outstanding Quarterly

0 20M 40M 60M Q2 '09: 49.6M Q3 '09: 50M Q1 '10: 50.3M Q2 '10: 50.5M Q3 '10: 50.5M Q4 '10: 50.8M Q1 '11: 51M Q2 '11: 51.1M Q3 '11: 51.1M Q4 '11: 50.7M Q1 '12: 50.8M Q2 '12: 49.9M Q3 '12: 48.5M Q4 '12: 47.5M Q1 '13: 46.8M Q2 '13: 46.9M Q3 '13: 46.5M Q4 '13: 46.2M Q1 '14: 45.1M Q2 '14: 44.8M Q3 '14: 44.9M Q4 '14: 44.5M Q1 '15: 44.5M Q2 '15: 44.4M Q3 '15: 44.3M Q4 '15: 43.9M Q1 '16: 43.1M Q2 '16: 43.3M Q3 '16: 43.3M Q4 '16: 43.2M Q1 '17: 43.2M Q2 '17: 43.1M Q3 '17: 42.8M Q4 '17: 42.9M Q1 '18: 42.9M Q2 '18: 43M Q3 '18: 43.1M Q4 '18: 43.1M Q1 '19: 43M Q2 '19: 43.1M Q3 '19: 43.2M Q4 '19: 43.3M Q1 '20: 43.3M Q2 '20: 43.2M Q3 '20: 43.2M Q4 '20: 43.2M Q1 '21: 43.3M Q2 '21: 43.3M Q3 '21: 43.4M Q1 '22: 43.3M Q2 '22: 42.9M Q3 '22: 42.7M Q1 '23: 42.5M Q2 '23: 42.8M Q3 '23: 42.9M Q1 '24: 43M Q2 '24: 43.1M Q3 '24: 43.2M Q1 '25: 43.1M Q2 '25: 42.5M Q3 '25: 42.3M Q1 '26: 39.3M Q2 '26: 38.1M Q1 '11 Q1 '13 Q1 '15 Q1 '17 Q1 '19 Q1 '21 Q3 '23 Q2 '26

Weighted average diluted, as the filer reports it for each period. An average cannot be added across periods, so this one is always shown per period the filer tagged rather than as a trailing year.

EPS TTM

0.00 4.00 8.00 12.00 Q4 '09: 1.65 Q1 '10: 1.54 Q2 '10: 1.49 Q3 '10: 1.53 Q4 '10: 1.71 Q1 '11: 1.75 Q2 '11: 1.91 Q3 '11: 1.84 Q4 '11: 1.93 Q1 '12: 1.89 Q2 '12: 1.93 Q3 '12: 2.07 Q4 '12: 2.21 Q1 '13: 2.44 Q2 '13: 2.54 Q3 '13: 2.66 Q4 '13: 2.65 Q1 '14: 2.60 Q2 '14: 1.72 Q3 '14: 1.71 Q4 '14: 1.73 Q1 '15: 1.82 Q2 '15: 2.76 Q3 '15: 2.85 Q4 '15: 3.00 Q1 '16: 3.00 Q2 '16: 3.01 Q3 '16: 2.95 Q4 '16: 3.73 Q1 '17: 3.48 Q2 '17: 3.82 Q3 '17: 3.91 Q4 '17: 3.18 Q1 '18: 3.74 Q2 '18: 3.64 Q3 '18: 4.17 Q4 '18: 4.25 Q1 '19: 4.04 Q2 '19: 4.05 Q3 '19: 3.87 Q4 '19: 3.52 Q1 '20: 3.30 Q2 '20: 3.44 Q3 '20: 4.06 Q4 '20: 5.18 Q1 '21: 5.90 Q2 '21: 5.54 Q3 '21: 4.91 Q4 '21: 4.45 Q1 '22: 4.24 Q2 '22: 4.18 Q3 '22: 2.84 Q4 '22: 1.64 Q1 '23: 0.40 Q2 '23: 0.54 Q3 '23: 1.66 Q4 '23: 3.28 Q1 '24: 4.95 Q2 '24: 5.71 Q3 '24: 7.57 Q4 '24: 8.57 Q1 '25: 8.90 Q2 '25: 9.39 Q3 '25: 8.79 Q4 '25: 8.87 Q1 '26: 9.78 Q2 '26: 10.52 Q3 '10 Q4 '12 Q1 '15 Q2 '17 Q3 '19 Q4 '21 Q1 '24 Q2 '26

The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.