Morningstar Quarterly Income Statement
NASDAQ: MORNFinancial ServicesFinancial Data & Stock ExchangesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Morningstar revenue and earnings
In the quarter ended Jun 30, 2026, Morningstar generated $663.2 million in revenue, up 9.6% from the same quarter a year earlier. Net income was $107.8 million (+21.1% year over year), for a net margin of 16.3% versus a median of 14.8% in the prior 5 quarters. Gross margin was 63.9% (up from 61.9%) and operating margin 24.2%.
Diluted earnings per share came in at $2.83, up from $2.09.
Summary generated from market data by MetaCap's automated system. Methodology
Morningstar income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 663.20M | 644.80M | 641.10M | 617.40M | 605.10M | 581.90M | 591.00M | 569.40M | 571.90M | 542.80M | 538.70M | 515.50M |
| Revenue growth (YoY) | +9.60% | +10.81% | +8.48% | +8.43% | +5.81% | +7.20% | +9.71% | +10.46% | +13.31% | +13.15% | +13.41% | +10.10% |
| Cost of Revenue | 239.30M | 238.90M | 249.20M | 241.70M | 230.60M | 231.40M | 232.20M | 222.70M | 222.70M | 218.10M | 205.40M | 202.90M |
| Gross Profit | 423.90M | 405.90M | 391.90M | 375.70M | 374.50M | 350.50M | 358.80M | 346.70M | 349.20M | 324.70M | 333.30M | 312.60M |
| Operating Expenses | 263.30M | 250.00M | 232.30M | 247.90M | 249.40M | 236.40M | 190.60M | 231.20M | 240.70M | 232.10M | 238.90M | 242.60M |
| Selling, General & Admin | 216.60M | 199.20M | 208.80M | 201.40M | 201.70M | 189.10M | 206.20M | 185.50M | 191.60M | 184.90M | 192.40M | 196.00M |
| Operating Income | 160.60M | 155.90M | 159.60M | 127.80M | 125.10M | 114.10M | 168.20M | 115.50M | 108.50M | 92.60M | 94.40M | 70.00M |
| Other Income (Expense) | -13.60M | -14.10M | -8.70M | -4.70M | -8.60M | -5.60M | -5.30M | 36.40M | -19.00M | -5.60M | -4.10M | -12.60M |
| Pretax Income | 147.00M | 141.80M | 150.90M | 123.10M | 116.50M | 108.50M | 162.90M | 151.90M | 89.50M | 87.00M | 90.30M | 57.40M |
| Income Tax | 38.30M | 34.60M | 36.40M | 31.40M | 26.30M | 27.40M | 33.90M | 29.60M | 19.20M | 21.30M | 14.10M | 16.70M |
| Net Income | 107.80M | 107.10M | 115.10M | 91.60M | 89.00M | 78.50M | 116.90M | 119.70M | 69.10M | 64.20M | 73.50M | 39.10M |
| Net Income growth (YoY) | +21.12% | +36.43% | -1.54% | -23.48% | +28.80% | +22.27% | +59.05% | +206.14% | +91.41% | — | +2127.27% | — |
| EPS (Basic) | 2.85 | 2.74 | 2.81 | 2.18 | 2.11 | 1.83 | 2.74 | 2.79 | 1.61 | 1.50 | 1.72 | 0.92 |
| EPS (Diluted) | 2.83 | 2.73 | 2.79 | 2.17 | 2.09 | 1.82 | 2.72 | 2.77 | 1.60 | 1.49 | 1.72 | 0.91 |
| Shares Outstanding (Basic) | 37.80M | 39.10M | — | 42.10M | 42.20M | 42.80M | — | 42.90M | 42.80M | 42.70M | — | 42.70M |
| Shares Outstanding (Diluted) | 38.10M | 39.30M | — | 42.30M | 42.50M | 43.10M | — | 43.20M | 43.10M | 43.00M | — | 42.90M |
| EBITDA | 214.10M | 207.60M | 206.70M | 174.80M | 173.60M | 161.40M | 216.60M | 161.20M | 157.60M | 139.80M | 140.90M | 116.60M |
| Gross Margin | 63.92% | 62.95% | 61.13% | 60.85% | 61.89% | 60.23% | 60.71% | 60.89% | 61.06% | 59.82% | 61.87% | 60.64% |
| Operating Margin | 24.22% | 24.18% | 24.89% | 20.70% | 20.67% | 19.61% | 28.46% | 20.28% | 18.97% | 17.06% | 17.52% | 13.58% |
| Net Margin | 16.25% | 16.61% | 17.95% | 14.84% | 14.71% | 13.49% | 19.78% | 21.02% | 12.08% | 11.83% | 13.64% | 7.58% |
This table shows 12 quarterly periods of Morningstar's income statement, from Q2 2026 back to Q3 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MORN's reporting calendar. What is a income statement?