Morningstar, Inc. MORN 77.67
Financials · NASDAQ · Data as of 2026-10-28
Morningstar, Inc. (MORN) has delivered +13.9% annualized revenue growth, +6.8% earnings growth, and +8.3% dividend growth over 10 years of data. Ranked #138 of 1968 stocks overall and #36 of 212 in the Financials sector by Steady Score.
About Morningstar, Inc.
Company Overview
Morningstar provides independent investment data, research, ratings and software to individual investors, advisers, asset managers and institutions. Its businesses include Morningstar Data and Direct, PitchBook private-market information, Morningstar Credit, retirement and wealth solutions, indexes and investment management. Customers use its databases, analytics and intellectual property to evaluate securities, build portfolios, conduct due diligence and support complex regulated investment workflows worldwide.
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Business Model & Revenue
Revenue comes largely from subscriptions and license agreements for data, research, software, ratings and indexes, supplemented by asset-based fees from investment-management and retirement services. Proprietary databases and analyst methodologies are delivered through digital platforms and embedded in client processes. Recurring contracts support visibility, while financial markets affect asset-based revenue. Product investment, renewals, seat growth, private-market activity and data acquisition costs drive results.
Key Facts & Market Position
Morningstar combines public-market research, PitchBook's private-market data and credit- ratings capabilities within one information company. Recognized methodologies, accumulated datasets and workflow integration support its position. The franchise depends on perceived independence, data quality and technology reliability, while competition, regulation, market levels and the cost of expanding content and sales capacity influence profitability.