Morningstar, Inc.

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.

Morningstar, Inc. reported strong second-quarter 2026 results with revenue increasing 9.6% to $663.2 million and diluted EPS rising 35.4% to $2.83. The company also completed the acquisition of CRSP for $363.0 million in February 2026, expanding its market presence. Total debt increased to $1,713.3 million as of June 30, 2026, partly to finance the acquisition and refinance existing debt.

Morningstar, Inc. released an Investor Q&A providing updates on its business operations. The company detailed the widespread use of its Star and Medalist Ratings in investment due diligence, including an agreement with a major US wealth manager. Morningstar also provided a breakdown of PitchBook clients by firm type as of March 2026 and reported encouraging adoption of its Model Context Protocol (MCP) connectors for AI tools, with 17% of PitchBook client accounts accessing the connector.

Morningstar, Inc. announced that its Board of Directors has declared a quarterly cash dividend of 50 cents per share. This dividend is consistent with the amount paid in April and will be payable on July 31, 2026, to shareholders of record as of July 10, 2026.

Morningstar, Inc. disclosed its Remaining Performance Obligations (RPO) grew to approximately $1.7 billion as of March 31, 2026, up from $1.489 billion in Q1 2025. The company provided updates on its PitchBook strategy, including AI-enabled product experiences, new access models, and the StepStone partnership. Morningstar also detailed its CRSP index business model and explained its 2025 bonus targets, which reflected strategic investments and portfolio optimization, leading to reported adjusted operating income of $582.9 million and revenue of $2.4 billion in 2025.

Morningstar, Inc. held its Annual Shareholders' Meeting on May 7, 2026, where shareholders elected all director nominees, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent registered public accounting firm for 2026. Additionally, Director Gail Landis retired from the Board due to reaching the mandatory retirement age, and the Board size was set at 10 directors.

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.

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.

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.