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NASDAQ · Financial Data & Stock Exchanges · USD

Morningstar, Inc. (MORN) Stock Analysis

Morningstar, Inc. (MORN) is a Financial Data & Stock Exchanges stock listed on NASDAQ and quoted in US Dollar.

MORN

$209.40

−$6.36 (−2.95%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MORN Key Statistics

As of Sep 4, 2026
Trading
Open
$211.22
Previous Close
$215.76
Day's Range
206.30–212.17
52-Week Range
141.49–261.37
Volume
269.20K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.00
Valuation
Market Cap
$7.86B
P/E Ratio
20.53
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
15.02
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.31
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.06
EPS (ttm)Profit attributable to each share over the last twelve months.
10.20
Financials (FY)
Revenue (FY)
$2.45B+7.49%
Net Income (FY)
$374.20M+1.16%
Profit marginThe share of revenue left as profit after all costs and taxes.
16.43%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
37.51M
1-Year Return
−18.03%
Dividend and dates
Dividend
$2.00+0.93%
Ex-Dividend Date
October 2, 2026
Earnings Date
October 28, 2026estimated
Avg Volume
402.28K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MORN Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−2.84%
2025−35.05%
2024+18.29%
2023+33.10%
2022−36.31%
2021+48.23%
2020+54.54%
2019+38.93%
2018+14.34%
2017+33.38%
2016 (partial year)−10.71%

As of September 4, 2026.

MORN Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.45B$374.20M15.3%
2024$2.28B$369.90M16.3%
2023$2.04B$141.10M6.9%
2022$1.87B$70.50M3.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.45B$1.49B$503.90M$374.20M15.3%
2024$2.28B$1.38B$420.80M$369.90M16.3%
2023$2.04B$1.20B$230.60M$141.10M6.9%
2022$1.87B$1.09B$167.80M$70.50M3.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MORN Dividend History

$1.82+12.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.503—
2025$1.824+12.3%
2024$1.624+8.0%
2023$1.504+4.2%
YearDividends per sharePaymentsChange
2026 (partial year)$1.503—
2025$1.824+12.3%
2024$1.624+8.0%
2023$1.504+4.2%
2022$1.444+52.4%
2021$0.953−37.6%
2020$1.525+35.3%
2019$1.124+12.0%
2018$1.004+8.7%
2017$0.924+318.2%
2016$0.221—

Most recent payment: $0.50 per share, ex-dividend July 10, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MORN Valuation vs Financial Data & Stock Exchanges Median

Median of 16 stocks
MetricMORNFinancial Data & Stock Exchanges medianvs median
P/E20.5323.2412% below
P/S ratio3.068.3463% below
Profit margin16.43%28.63%12.2 pts below

Medians across 16 Financial Data & Stock Exchanges stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Morningstar, Inc. (MORN) is capitalised at $7.86B on the latest close. It is classified in the Financial Data & Stock Exchanges industry, within the Financial Services sector. Headcount on file is 10,973.

Over the past 52 weeks the price has ranged from $141.49 to $261.37. The most recent close on file for MORN is $209.40, dated September 4, 2026. That is −$6.36 (−2.95%) against the previous close. The latest close sits 48% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $2.45B. That is +7.49% against the prior fiscal year, when revenue was $2.28B. The same year closed with net income of $374.20M. That is +1.16% against the prior fiscal year. The reported profit margin is 16.43%. That is 12.2 percentage points below the Financial Data & Stock Exchanges median of 28.64%. Earnings per share on a trailing basis come to 10.2.

Across the 4 fiscal years on file, revenue moves from $1.87B in 2022 to $2.45B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 20.53 times earnings. That is 11.66% below the Financial Data & Stock Exchanges median of 23.24. The forward P/E on file is 15.02. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.31. Measured against sales, the shares trade at 3.06 times revenue. On price-to-sales that is 63.31% below the Financial Data & Stock Exchanges median of 8.34. 16 Financial Data & Stock Exchanges companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is −18.03%. Across 10 years the annualized return works out at +10.38%. The reported beta is 1. Annualized volatility over the trailing 10 years is 28.58%.

Growth & Income

MORN pays a dividend yielding 0.93%. That is 0.3 percentage points below the Financial Data & Stock Exchanges median yield of 1.26%. At the indicated rate that is $2.00 a share a year. The ex-dividend date on file is October 2, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.50 a share. The year before, 2025, totalled $1.82 a share.

So far in 2026 the price is −2.84%. The strongest complete calendar year on file is 2020 at +54.54%; the weakest is 2022 at −36.31%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Morningstar, Inc. (MORN) operates in the Financial Data & Stock Exchanges industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Morningstar, Inc. MORN $7.86B 20.5
S&P Global Inc. SPGI $130.75B 27.4
CME Group Inc. CME $101.15B 23.9
Intercontinental Exchange, Inc. ICE $90.53B 22.7

The Financial Data & Stock Exchanges industry average P/E ratio is 23.2x. Morningstar, Inc. trades at a P/E of 20.5.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Morningstar, Inc.

Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-income securities; Morningstar Direct, an investment analysis and reporting application; and Morningstar Advisor Workstation, a suite of tools to provide advice to clients. It also provides PitchBook that offers data and research covering the private capital markets comprising venture capital, private equity and credit, bank loans, and merger and acquisition activities through the PitchBook platform; Morningstar Model Portfolios, an advisor service with model portfolios for fee-based financial advisors; Morningstar International Wealth Platform, which offers discretionary asset management services; and Morningstar Investor/Morningstar.com, an individual investor platform and media site. In addition, the company offers credit ratings, research, data, and credit analytics solutions through Morningstar DBRS and Morningstar Credit Analytics agencies. Further, it provides managed retirement accounts, fiduciary services, and custom models; Morningstar Sustainalytics that provides environmental, social and governance data, research, and ratings; and Morningstar Indexes that offers market indexes used for performance benchmarks and as the basis for investment products and other portfolio strategies. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

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