Provides investment data and research to asset managers and wealth managers.
Jun 2026Revenue $2.57B/yrExpenses $1.96B/yr
No trend
Figures by year
Is Morningstar profitable?
Yes. In the 12 months to Jun 2026, revenue was $2.57B and expenses $1.96B.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $2.45B | $1.92B | $527M |
| Dec 2024 | $2.28B | $1.79B | $485M |
| Dec 2023 | $2.04B | $1.81B | $231M |
| Dec 2022 | $1.87B | $1.70B | $168M |
| Dec 2021 | $1.70B | $1.44B | $257M |
| Dec 2020 | $1.39B | $1.17B | $215M |
| Dec 2019 | $1.18B | $989M | $190M |
| Dec 2018 | $1.02B | $804M | $216M |
| Dec 2017 | $912M | $742M | $170M |
| Dec 2016 | $799M | $618M | $181M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.