Morningstar, Inc. (MORN) stock
Close on Nov 13, 2026Market cap $9.14BP/E –Yield 0.74%
Morningstar, Inc. grew revenue 9.4% to $2.62B over the twelve months to Sep 30, 2026. Operating income rose 20.2% to $643.50M, moving the operating margin from 22.3% to 24.5%. Free cash flow was $492.80M, up 25.0% from a year earlier. At the latest close the market valued the company at $9.14B.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $9.14B
- P/E ratio
- –
- Price to sales
- 3.49
- Price to book
- –
- Dividend yield
- 0.74%
- Free cash flow yield
- 5.39%
Fundamentals
- Revenue
- $2.62B
- EPS, diluted
- $8.87
- Free cash flow
- $492.80M
- Diluted shares
- 38M
Trading
- Next earnings
- Feb 11, 2027 (estimated, after the close)
- Previous close
- $246.08
- Open
- $247.30
- Day's range
- $244.81 – $249.00
- Volume
- 246,458
- Average volume (20 days)
- 273,670
- Index membership
- S&P MidCap 400 (since Nov 2023), Russell 1000, Russell 3000
- Beta (5 years)
- 0.99
- 52-week range
- $141.49 – $251.04
- RSI (14 days)
- 70.2
- Volatility (1 year)
- 41.6%
- Relative volume
- 0.78×
- WACC
- 9.3%
On 2 of our idea lists: Buyback cannibals, Shareholder yield
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.
| Period | MORN | S&P 500 | Difference | MORN per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +20.5% | -3.0% | +23.5 pts | ||
| 3 months | +19.3% | -2.8% | +22.1 pts | ||
| Year to date | +14.6% | +11.5% | +3.1 pts | ||
| 1 year | +16.3% | +13.5% | +2.9 pts | ||
| 3 years | -5.1% | +77.7% | −82.8 pts | -1.7% | +21.1% |
| 5 years | -19.4% | +72.6% | −92.0 pts | -4.2% | +11.5% |
| 10 years | +274.4% | +308.2% | −33.7 pts | +14.1% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Morningstar filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Update
- News
- Update
About Morningstar
Investment Advice
Morningstar, Inc. provides independent investment insights, financial data, research, and portfolio tools. The company operates through five reportable segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement, alongside Corporate and All Other activities including Morningstar Sustainalytics and Morningstar Indexes. Its offerings encompass software platforms, data feeds, application programming interfaces, credit ratings, index benchmarking, managed portfolios, and retirement account services. Customers include asset managers, financial advisors, wealth managers, institutional investors, plan sponsors, private equity and venture capital firms, corporations, and individual investors.
Company profile, executives and historyMorningstar stock: common questions
What is Morningstar's stock price?
MORN closed at $246.26 on Nov 13, 2026, up 0.07% on the day. Over the past 52 weeks it traded between $141.49 and $251.04.
What is Morningstar's market cap?
Morningstar was worth $9.14B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.
How much revenue does Morningstar make?
Morningstar reported revenue of $2.62B for the twelve months to Sep 30, 2026, up 9.4% from a year earlier.
Does Morningstar pay a dividend?
Yes. Morningstar paid $1.82 per share over the last twelve months, a yield of 0.74% at the latest price, and has raised its annual dividend 12 years in a row.
When does Morningstar report earnings next?
Morningstar is expected to report Q4 FY2026 results on Feb 11, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has MORN stock performed over the past year?
Including dividends, MORN returned +16.3% over the past year, against +13.5% for the S&P 500.
How many MORN shares are sold short?
1M shares were sold short at the latest FINRA report, 5.98% of the float, or 4.5 days of average trading volume.
Who are Morningstar's competitors?
Companies most similar to Morningstar by business, industry and size include STEP, VCTR, TROW, FHI, APAM.
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