AcquisitionsApr 29, 2026, 04:55 PM
MORN Acquires CRSP for $363M; Q1 Revenue +10.8% to $644.8M; EPS $2.73
AI Summary
Morningstar, Inc. completed the acquisition of the Center for Research in Security Prices (CRSP) for $363.0 million on February 2, 2026, strengthening its market position in index providers. For the first quarter of 2026, the company reported a 10.8% increase in revenue to $644.8 million and a 36.4% rise in consolidated net income to $107.1 million year-over-year. Diluted earnings per share significantly grew by 50.0% to $2.73. The company also declared a quarterly dividend of $0.50 per share and repurchased $300.0 million of common shares.
Key Highlights
- Acquired Center for Research in Security Prices (CRSP) for $363.0M on February 2, 2026.
- Q1 2026 revenue increased 10.8% to $644.8M from $581.9M YoY.
- Q1 2026 consolidated net income rose 36.4% to $107.1M from $78.5M YoY.
- Diluted EPS for Q1 2026 grew 50.0% to $2.73 from $1.82 YoY.
- Declared a quarterly dividend of $0.50 per common share.
- Repurchased $300.0M in common shares during Q1 2026.
- Morningstar Direct Platform revenue was $215.2M in Q1 2026.
- PitchBook revenue reached $172.4M in Q1 2026.
Price Impact
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