Quarterly ResultApr 29, 2026, 04:53 PM
MORN Q1 Revenue +10.8% to $644.8M; EPS $2.73; Buyback $300M
AI Summary
Morningstar, Inc. reported strong first-quarter 2026 financial results, with reported revenue increasing 10.8% to $644.8 million and diluted net income per share rising 50.0% to $2.73. The company also saw significant growth in operating income, up 36.6% to $155.9 million, and repurchased $300.0 million in shares. CEO Kunal Kapoor highlighted the creation of significant value and the introduction of new proprietary intellectual property, including PitchBook's daily valuation estimates.
Key Highlights
- Reported revenue increased 10.8% to $644.8 million; organic revenue grew 7.6%.
- Diluted net income per share increased 50.0% to $2.73.
- Reported operating income increased 36.6% to $155.9 million.
- Share repurchases totaled $300.0 million for 1,723,412 shares.
- Morningstar Credit revenue surged 38.4% to $101.0 million.
- Morningstar Direct Platform revenue increased 8.0% to $215.2 million.
- PitchBook revenue grew 5.3% to $172.4 million.
- Cash provided by operating activities was $91.5 million.
Price Impact
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