Quarterly ResultJul 29, 2026, 04:34 PM
Morningstar Q2 Revenue +9.6% to $663.2M; Diluted EPS +35.4% to $2.83
AI Summary
Morningstar, Inc. reported strong financial results for the second quarter of 2026, with reported revenue increasing 9.6% to $663.2 million and diluted net income per share rising 35.4% to $2.83. The company achieved significant growth in operating income and free cash flow, while also repurchasing $100 million in shares. CEO Kunal Kapoor highlighted continued profitable growth, strategic acceleration in AI-driven workflows, and efforts to bridge public and private markets, including strength in Morningstar Credit and new collaborations in Morningstar Wealth. The integration of the CRSP acquisition also contributed to results.
Key Highlights
- Reported revenue increased 9.6% to $663.2 million in Q2 2026.
- Organic revenue grew 6.8%, or 8.2% excluding product sunsetting impacts.
- Reported operating income rose 28.4% to $160.6 million.
- Diluted net income per share increased 35.4% to $2.83.
- Cash provided by operating activities surged 57.3% to $155.7 million.
- Free cash flow increased 96.3% to $122.5 million.
- Share repurchases totaled $100.0 million for 567,844 shares.
- Morningstar Credit revenue grew 23.4% to $104.9 million.
Price Impact
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