Quarterly ResultApr 29, 2026, 04:53 PM
MORN Q1 Revenue $644.8M, Net Income $107.1M; Acquires CRSP for $363M
AI Summary
Morningstar, Inc. reported strong first-quarter 2026 results with revenue increasing 10.8% to $644.8 million and consolidated net income rising 36.4% to $107.1 million. Diluted EPS grew 50% to $2.73. The company also completed the acquisition of the Center for Research in Security Prices (CRSP) for $363.0 million, expanding its Morningstar Indexes segment. The company increased its debt to fund the acquisition and other corporate purposes, while also repurchasing a significant amount of common shares.
Key Highlights
- Acquired Center for Research in Security Prices (CRSP) for $363.0 million cash on Feb 2, 2026.
- Q1 2026 Revenue increased 10.8% to $644.8 million from $581.9 million YoY.
- Q1 2026 Consolidated Net Income rose 36.4% to $107.1 million from $78.5 million YoY.
- Diluted EPS for Q1 2026 increased 50.0% to $2.73 from $1.82 YoY.
- Dividends declared per common share increased 8.7% to $0.50 from $0.46 YoY.
- Repurchased $300.0 million of common shares in Q1 2026.
- Total debt increased to $1,712.8 million as of March 31, 2026, from $1,072.6 million.
- Morningstar Credit segment revenue grew 38.4% to $101.0 million.