Income Statement - Morningstar, Inc. (MORN)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,445.50 | 2,275.10 | 2,038.60 | 1,870.60 | 1,699.30 | 1,389.50 | 1,179.00 | 1,019.90 | 911.70 | 798.60 | 788.80 | 760.10 | 698.30 | 658.29 | 631.40 | 555.35 | 479.00 | 502.46 | 435.11 | 315.18 |
| Cost of revenue | 952.90 | 895.70 | 843.50 | 779.30 | 698.40 | 556.40 | 483.10 | 411.10 | 386.60 | 344.30 | 330.10 | 318.60 | 271.40 | 246.78 | 235.29 | 157.07 | 128.62 | 130.09 | 113.78 | 86.98 |
| Gross profit | 1,492.60 | 1,379.40 | 1,195.10 | 1,091.30 | 1,000.90 | 833.10 | 695.90 | 608.80 | 525.10 | 454.30 | 458.70 | 441.50 | 426.90 | 411.51 | 396.11 | 398.28 | 350.38 | 372.37 | 321.33 | 228.20 |
| Total operating expenses | 966.00 | 894.60 | 964.50 | 923.50 | 743.90 | 617.90 | 506.30 | 393.00 | 355.30 | 273.50 | 268.10 | 335.90 | 256.20 | 260.84 | 257.70 | 277.22 | 225.71 | 233.25 | 204.08 | 150.67 |
| Operating income | 526.60 | 484.80 | 230.60 | 167.80 | 257.00 | 215.20 | 189.60 | 215.80 | 169.80 | 180.80 | 190.60 | 105.60 | 170.70 | 150.67 | 138.42 | 121.06 | 124.67 | 139.12 | 117.25 | 77.53 |
| Non-operating income (net) | -30.90 | -10.90 | -56.50 | -40.80 | -1.10 | 68.10 | 8.00 | 15.00 | 10.00 | 43.90 | 4.90 | 8.40 | 8.70 | 4.98 | 3.56 | 8.15 | 4.10 | 5.57 | 7.92 | 4.16 |
| Income before tax | 495.70 | 473.90 | 174.10 | 127.00 | 255.90 | 283.30 | 197.60 | 230.80 | 179.80 | 224.70 | 195.50 | 114.00 | 179.40 | 155.65 | 141.97 | 129.21 | 128.77 | 144.69 | 125.18 | 81.69 |
| Income tax expense | 121.50 | 104.00 | 33.00 | 56.50 | 62.60 | 59.70 | 45.60 | 47.80 | 42.90 | 63.70 | 62.70 | 35.70 | 56.00 | 52.88 | 43.66 | 42.76 | 47.10 | 51.76 | 51.26 | 32.98 |
| Net income | 374.20 | 369.90 | 141.10 | 70.50 | 193.30 | 223.60 | 152.00 | 183.00 | 136.90 | 161.00 | 132.60 | 78.30 | 123.50 | 108.08 | 98.36 | 86.37 | 82.46 | 92.53 | 73.92 | 51.76 |
Show Quarterly Income Statement
Income Statement - Morningstar, Inc. (MORN)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 644.80 | 641.10 | 617.40 | 605.10 | 581.90 | 591.00 | 569.40 | 571.90 | 542.80 | 538.70 | 515.50 | 504.70 | 479.70 | 475.00 | 468.20 | 470.40 | 457.00 | 462.20 | 428.90 | 415.40 | 392.80 | 380.40 | 357.20 | 327.90 | 324.00 | 332.40 | 313.80 | 273.90 | 258.90 | 262.70 | 261.30 | 252.40 | 243.50 | 243.10 | 229.90 | 229.20 | 209.50 | 212.20 | 196.10 | 198.20 | 192.10 | 201.60 | 195.30 | 202.10 | 189.80 | 196.42 | 193.10 | 189.40 | 181.20 | 180.50 | 173.48 | 175.43 | 168.86 | 170.61 | 160.95 | 165.97 | 160.76 | 158.57 | 160.05 | 161.01 | 151.77 | 151.15 | 139.82 | 136.09 | 128.29 | 122.64 | 120.09 | 119.53 | 116.73 | 119.27 | 125.51 | 132.24 | 125.44 | 118.12 | 111.86 | 109.69 | 95.45 | 87.04 | 81.82 | 76.26 | 70.06 |
| Cost of revenue | 238.90 | 249.20 | 241.70 | 230.60 | 231.40 | 232.20 | 222.70 | 222.70 | 218.10 | 205.40 | 202.90 | 216.40 | 218.80 | 195.00 | 195.40 | 197.60 | 191.30 | 189.60 | 183.10 | 168.40 | 157.30 | 149.60 | 138.70 | 131.10 | 137.00 | 142.10 | 128.40 | 107.50 | 105.10 | 108.90 | 100.00 | 99.80 | 102.40 | 103.40 | 90.90 | 95.30 | 97.00 | 88.00 | 84.90 | 86.10 | 85.30 | 84.90 | 83.40 | 83.20 | 78.70 | 81.40 | 80.00 | 81.50 | 75.80 | 72.94 | 72.42 | 64.43 | 61.65 | 47.87 | 60.57 | 49.45 | 50.32 | 48.20 | 48.07 | 45.19 | 40.67 | 42.30 | 40.71 | 39.74 | 34.32 | 35.72 | 31.95 | 30.69 | 30.25 | 31.16 | 32.83 | 33.16 | 32.94 | 30.23 | 28.67 | 29.02 | 25.86 | 23.86 | 22.39 | 22.05 | 18.67 |
| Gross profit | 405.90 | 391.90 | 375.70 | 374.50 | 350.50 | 358.80 | 346.70 | 349.20 | 324.70 | 333.30 | 312.60 | 288.30 | 260.90 | 280.00 | 272.80 | 272.80 | 265.70 | 272.60 | 245.80 | 247.00 | 235.50 | 230.80 | 218.50 | 196.80 | 187.00 | 190.30 | 185.40 | 166.40 | 153.80 | 153.80 | 161.30 | 152.60 | 141.10 | 139.70 | 139.00 | 133.90 | 112.50 | 124.20 | 111.20 | 112.10 | 106.80 | 116.70 | 111.90 | 118.90 | 111.10 | 115.02 | 113.10 | 107.90 | 105.40 | 107.56 | 101.06 | 111.00 | 107.21 | 122.74 | 100.38 | 116.52 | 110.44 | 110.37 | 111.98 | 115.83 | 111.10 | 108.85 | 99.10 | 96.35 | 93.97 | 86.93 | 88.13 | 88.84 | 86.48 | 88.12 | 92.68 | 99.07 | 92.51 | 87.89 | 83.19 | 80.67 | 69.59 | 63.18 | 59.43 | 54.21 | 51.39 |
| Total operating expenses | 250.00 | 232.30 | 247.90 | 249.40 | 236.40 | 190.60 | 231.20 | 240.70 | 232.10 | 238.90 | 242.60 | 246.60 | 236.40 | 244.50 | 250.80 | 218.90 | 209.30 | 197.80 | 178.00 | 199.80 | 168.30 | 165.70 | 174.20 | 135.50 | 142.50 | 150.60 | 135.80 | 115.60 | 104.30 | 104.50 | 95.90 | 99.00 | 93.60 | 97.10 | 86.20 | 87.90 | 84.10 | 74.30 | 67.00 | 67.70 | 64.50 | 66.60 | 65.70 | 69.20 | 66.60 | 68.44 | 67.80 | 132.70 | 66.90 | 65.67 | 56.45 | 67.42 | 66.65 | 83.47 | 60.52 | 75.38 | 80.04 | 76.23 | 78.11 | 77.22 | 79.29 | 76.56 | 68.94 | 68.69 | 63.03 | 62.60 | 54.45 | 56.15 | 51.86 | 59.43 | 58.50 | 57.50 | 57.82 | 54.55 | 51.74 | 52.22 | 45.57 | 42.84 | 38.90 | 36.75 | 32.19 |
| Operating income | 155.90 | 159.60 | 127.80 | 125.10 | 114.10 | 168.20 | 115.50 | 108.50 | 92.60 | 94.40 | 70.00 | 41.70 | 24.50 | 35.50 | 22.00 | 53.90 | 56.40 | 74.80 | 67.80 | 47.20 | 67.20 | 65.10 | 44.30 | 61.30 | 44.50 | 39.70 | 49.60 | 50.80 | 49.50 | 49.30 | 65.40 | 53.60 | 47.50 | 42.60 | 52.80 | 46.00 | 28.40 | 49.90 | 44.20 | 44.40 | 42.30 | 50.10 | 46.20 | 49.70 | 44.50 | 46.58 | 45.30 | -24.80 | 38.50 | 41.90 | 44.61 | 43.58 | 40.56 | 39.27 | 39.86 | 41.14 | 30.40 | 34.14 | 33.86 | 38.61 | 31.81 | 32.29 | 30.16 | 27.67 | 30.94 | 24.32 | 33.68 | 32.69 | 34.63 | 28.69 | 34.18 | 41.57 | 34.69 | 33.34 | 31.45 | 28.45 | 24.03 | 20.33 | 20.54 | 17.46 | 19.20 |
| Non-operating income (net) | -14.20 | -8.10 | -4.80 | -9.80 | -8.20 | -17.40 | 33.80 | -20.20 | -7.10 | -6.80 | -14.20 | -11.80 | -23.70 | -5.80 | -25.60 | -16.40 | 7.00 | 0.20 | -2.70 | -0.40 | 1.80 | 29.30 | 48.80 | 2.10 | -12.10 | -3.00 | 12.80 | 3.00 | -4.80 | -1.40 | 7.60 | 1.00 | 7.80 | -1.00 | -2.00 | 15.10 | -2.10 | 37.60 | 2.50 | 2.80 | 1.00 | 1.70 | 1.90 | 1.20 | 0.10 | 0.45 | 0.00 | 6.40 | 1.50 | 2.79 | 1.09 | 3.47 | 1.44 | -0.09 | 2.36 | 1.49 | 1.23 | 1.96 | -0.15 | 0.60 | 1.15 | 0.93 | 6.54 | 0.48 | 0.21 | 0.01 | 1.22 | 1.95 | 0.92 | -0.04 | 1.60 | 1.59 | 2.14 | 1.13 | 2.22 | 1.37 | 1.51 | 1.42 | 1.14 | 0.67 | 0.93 |
| Income before tax | 141.70 | 151.50 | 123.00 | 115.30 | 105.90 | 150.80 | 149.30 | 88.30 | 85.50 | 87.60 | 55.80 | 29.90 | 0.80 | 29.70 | -3.60 | 37.50 | 63.40 | 75.00 | 65.10 | 46.80 | 69.00 | 94.40 | 93.10 | 63.40 | 32.40 | 36.70 | 62.40 | 53.80 | 44.70 | 47.90 | 73.00 | 54.60 | 55.30 | 41.60 | 50.80 | 61.10 | 26.30 | 87.50 | 46.70 | 47.20 | 43.30 | 51.80 | 48.10 | 50.90 | 44.60 | 47.03 | 45.30 | -18.40 | 40.00 | 44.68 | 45.70 | 47.06 | 42.00 | 39.18 | 42.22 | 42.63 | 31.62 | 36.09 | 33.71 | 39.21 | 32.96 | 33.22 | 36.70 | 28.14 | 31.15 | 24.33 | 34.91 | 34.64 | 35.54 | 28.65 | 35.77 | 43.16 | 36.83 | 34.46 | 33.67 | 29.81 | 25.54 | 21.75 | 21.68 | 18.13 | 20.13 |
| Income tax expense | 34.60 | 36.40 | 31.40 | 26.30 | 27.40 | 33.90 | 29.60 | 19.20 | 21.30 | 14.10 | 16.70 | -6.20 | 8.40 | 26.40 | 5.40 | 7.40 | 17.30 | 18.50 | 16.10 | 13.90 | 14.10 | 19.10 | 16.90 | 15.20 | 8.50 | 9.10 | 13.30 | 11.70 | 11.50 | 5.50 | 16.10 | 12.80 | 13.40 | 2.70 | 16.90 | 15.00 | 8.30 | 17.20 | 16.50 | 15.40 | 14.60 | 14.50 | 14.60 | 18.70 | 14.80 | 15.49 | 15.10 | -8.60 | 13.70 | 13.38 | 14.27 | 15.96 | 12.43 | 11.44 | 15.19 | 14.74 | 11.51 | 8.07 | 12.34 | 12.72 | 10.52 | 5.73 | 11.92 | 10.23 | 11.00 | 10.00 | 12.41 | 14.02 | 10.67 | 9.64 | 13.55 | 15.08 | 13.50 | 14.74 | 14.23 | 12.00 | 10.29 | 8.53 | 9.23 | 7.62 | 7.60 |
| Net income | 107.10 | 115.10 | 91.60 | 89.00 | 78.50 | 116.90 | 119.70 | 69.10 | 64.20 | 73.50 | 39.10 | 36.10 | -7.60 | 3.30 | -9.00 | 30.10 | 46.10 | 56.50 | 49.00 | 32.90 | 54.90 | 75.30 | 76.20 | 48.20 | 23.90 | 27.60 | 49.10 | 42.10 | 33.20 | 42.40 | 56.90 | 41.80 | 41.90 | 38.90 | 33.90 | 46.10 | 18.00 | 70.30 | 30.20 | 31.80 | 28.70 | 37.30 | 33.50 | 32.20 | 29.70 | 31.51 | 30.20 | -9.80 | 26.40 | 31.33 | 31.46 | 31.12 | 29.62 | 32.98 | 27.07 | 27.89 | 20.14 | 27.96 | 21.38 | 26.49 | 22.54 | 27.39 | 24.68 | 18.00 | 20.19 | 14.43 | 22.52 | 20.62 | 24.96 | 19.27 | 22.19 | 28.00 | 23.08 | 20.01 | 19.85 | 18.27 | 15.79 | 13.61 | 13.55 | 11.17 | 13.44 |