Morningstar (MORN) Revenue & Revenue Breakdown
Morningstar Revenue Highlights
Latest Revenue (Y)
$2.28B
Latest Revenue (Q)
$581.90M
Main Segment (Y)
Licensed-Based
Main Geography (Y)
UNITED STATES
Morningstar Revenue by Period
Morningstar Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-12-31 | $2.28B | 11.60% |
| 2023-12-31 | $2.04B | 8.98% |
| 2022-12-31 | $1.87B | 10.08% |
| 2021-12-31 | $1.70B | 22.30% |
| 2020-12-31 | $1.39B | 17.85% |
| 2019-12-31 | $1.18B | 15.60% |
| 2018-12-31 | $1.02B | 11.87% |
| 2017-12-31 | $911.70M | 14.16% |
| 2016-12-31 | $798.60M | 1.24% |
| 2015-12-31 | $788.80M | 3.78% |
| 2014-12-31 | $760.07M | 8.85% |
| 2013-12-31 | $698.27M | 6.07% |
| 2012-12-31 | $658.29M | 4.26% |
| 2011-12-31 | $631.40M | 13.69% |
| 2010-12-31 | $555.35M | 15.94% |
| 2009-12-31 | $479.00M | -4.67% |
| 2008-12-31 | $502.46M | 15.48% |
| 2007-12-31 | $435.11M | 38.05% |
| 2006-12-31 | $315.18M | 38.77% |
| 2005-12-31 | $227.11M | 26.41% |
| 2004-12-31 | $179.66M | 28.79% |
| 2003-12-31 | $139.50M | 27.26% |
| 2002-12-31 | $109.62M | 20.16% |
| 2001-12-31 | $91.23M | 21.68% |
| 2000-12-31 | $74.97M | - |
Morningstar generated $2.28B in revenue during NA 2024, up 11.60% compared to the previous quarter, and up 192.97% compared to the same period a year ago.
Morningstar Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2025-03-31 | $581.90M | -1.54% |
| 2024-12-31 | $591.00M | 3.79% |
| 2024-09-30 | $569.40M | -0.19% |
| 2024-06-30 | $570.50M | 4.87% |
| 2024-03-31 | $544.00M | 0.29% |
| 2023-12-31 | $542.40M | 5.22% |
| 2023-09-30 | $515.50M | 2.14% |
| 2023-06-30 | $504.70M | 5.21% |
| 2023-03-31 | $479.70M | 0.99% |
| 2022-12-31 | $475.00M | 1.45% |
| 2022-09-30 | $468.20M | -0.47% |
| 2022-06-30 | $470.40M | 2.93% |
| 2022-03-31 | $457.00M | -1.13% |
| 2021-12-31 | $462.20M | 7.76% |
| 2021-09-30 | $428.90M | 3.25% |
| 2021-06-30 | $415.40M | 5.75% |
| 2021-03-31 | $392.80M | 3.26% |
| 2020-12-31 | $380.40M | 6.49% |
| 2020-09-30 | $357.20M | 8.94% |
| 2020-06-30 | $327.90M | 1.20% |
| 2020-03-31 | $324.00M | -2.53% |
| 2019-12-31 | $332.40M | 5.93% |
| 2019-09-30 | $313.80M | 14.57% |
| 2019-06-30 | $273.90M | 5.79% |
| 2019-03-31 | $258.90M | -1.45% |
| 2018-12-31 | $262.70M | 0.54% |
| 2018-09-30 | $261.30M | 3.53% |
| 2018-06-30 | $252.40M | 3.66% |
| 2018-03-31 | $243.50M | 0.16% |
| 2017-12-31 | $243.10M | 5.74% |
| 2017-09-30 | $229.90M | 0.31% |
| 2017-06-30 | $229.20M | 9.40% |
| 2017-03-31 | $209.50M | -1.27% |
| 2016-12-31 | $212.20M | 8.21% |
| 2016-09-30 | $196.10M | -1.06% |
| 2016-06-30 | $198.20M | 3.18% |
| 2016-03-31 | $192.10M | -4.71% |
| 2015-12-31 | $201.60M | 3.23% |
| 2015-09-30 | $195.30M | -3.36% |
| 2015-06-30 | $202.10M | 6.48% |
| 2015-03-31 | $189.80M | -3.37% |
| 2014-12-31 | $196.41M | 1.71% |
| 2014-09-30 | $193.11M | 1.96% |
| 2014-06-30 | $189.38M | 4.54% |
| 2014-03-31 | $181.16M | 0.37% |
| 2013-12-31 | $180.50M | 4.05% |
| 2013-09-30 | $173.48M | -1.11% |
| 2013-06-30 | $175.43M | 3.89% |
| 2013-03-31 | $168.86M | -1.03% |
| 2012-12-31 | $170.61M | 6.00% |
| 2012-09-30 | $160.95M | -3.02% |
| 2012-06-30 | $165.97M | 3.24% |
| 2012-03-31 | $160.76M | 1.38% |
| 2011-12-31 | $158.57M | -0.92% |
| 2011-09-30 | $160.05M | -0.60% |
| 2011-06-30 | $161.01M | 6.09% |
| 2011-03-31 | $151.77M | 0.41% |
| 2010-12-31 | $151.15M | 8.11% |
| 2010-09-30 | $139.82M | 2.74% |
| 2010-06-30 | $136.09M | 6.08% |
| 2010-03-31 | $128.29M | 4.60% |
| 2009-12-31 | $122.64M | 2.13% |
| 2009-09-30 | $120.09M | 0.46% |
| 2009-06-30 | $119.53M | 2.40% |
| 2009-03-31 | $116.73M | -2.13% |
| 2008-12-31 | $119.27M | -4.97% |
| 2008-09-30 | $125.50M | -5.09% |
| 2008-06-30 | $132.24M | 5.42% |
| 2008-03-31 | $125.44M | 6.20% |
| 2007-12-31 | $118.12M | - |
Morningstar generated $581.90M in revenue during Q1 2025, up -1.54% compared to the previous quarter, and up 107.28% compared to the same period a year ago.
Morningstar Revenue Breakdown
Morningstar Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 24 | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|---|
| Licensed-Based | $1.63B | $1.52B | $1.33B | $1.13B | $934.90M |
| Transaction-Based | $316.80M | $241.50M | $269.50M | $302.70M | $230.80M |
| Asset-Based | $333.20M | $279.60M | $269.40M | $264.90M | $223.80M |
Morningstar's latest annual revenue breakdown by segment (product or service), as of Dec 24: Licensed-Based (71.43%), Asset-Based (14.65%), and Transaction-Based (13.92%).
Quarterly Revenue by Product
| Product/Service | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transaction-Based | $78.20M | $88.90M | $76.80M | $85.50M | $65.60M | $70.20M | $59.50M | $61.40M | $50.40M | $59.30M | $58.30M | $75.30M | $76.60M | $90.50M | $73.50M | $73.40M | $65.30M | $66.10M | $58.90M | $55.00M |
| Licensed-Based | $418.00M | $414.40M | $408.80M | $401.70M | $400.20M | $393.00M | $384.50M | $376.00M | $364.00M | $349.70M | $342.60M | $327.50M | $311.90M | $301.40M | $287.00M | $277.20M | $266.10M | $254.90M | $242.90M | $221.10M |
| Asset-Based | $85.70M | $87.70M | $83.80M | $84.70M | $77.00M | $75.50M | $71.50M | $67.30M | $65.30M | $66.00M | $67.30M | $67.60M | $68.50M | $70.30M | $68.40M | $64.80M | $61.40M | $59.40M | $55.40M | $51.80M |
Morningstar's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Licensed-Based (71.83%), Asset-Based (14.73%), and Transaction-Based (13.44%).
Morningstar Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 24 | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|---|
| UNITED STATES | $1.64B | $1.47B | $1.35B | $1.18B | $970.80M |
| Segment, Geographical, Group of Other Countries | $12.70M | $10.50M | $9.80M | $9.30M | $6.70M |
| Non United States | $636.30M | $568.00M | $516.70M | $515.00M | $418.70M |
| Asia | $49.60M | $49.30M | $44.80M | $41.10M | $33.60M |
| AUSTRALIA | $62.40M | $58.40M | $55.80M | $56.90M | $45.60M |
| Europe excluding the United Kingdom | $203.80M | $185.50M | $162.90M | $159.10M | $113.80M |
| CANADA | $140.40M | $116.30M | $109.80M | $112.90M | $101.50M |
Morningstar's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (59.72%), Non United States (23.19%), Europe excluding the United Kingdom (7.43%), CANADA (5.12%), AUSTRALIA (2.27%), Asia (1.81%), and Segment, Geographical, Group of Other Countries (0.46%).
Quarterly Revenue by Country
| Country | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment, Geographical, Group of Other Countries | $3.00M | $3.50M | $3.20M | $3.00M | $3.00M | $2.70M | $2.80M | $2.60M | $2.40M | $2.20M | $2.60M | $2.50M | $2.50M | $2.30M | $2.60M | $2.30M | $2.10M | $1.90M | $1.60M | $1.70M |
| CANADA | $33.10M | $37.00M | $33.00M | $37.80M | $32.60M | $30.10M | $28.80M | $30.10M | $27.30M | $26.00M | $27.20M | $29.50M | $27.10M | $28.80M | $25.90M | $30.80M | $27.40M | $27.50M | $25.00M | $28.30M |
| Non United States | $157.40M | $164.70M | $158.10M | $161.60M | $151.90M | $151.60M | $144.80M | $139.20M | $132.40M | $128.30M | $127.30M | $132.30M | $128.80M | $134.60M | $126.30M | $130.80M | $123.30M | $120.30M | $109.40M | $99.60M |
| Asia | $11.90M | $12.00M | $11.90M | $13.00M | $12.70M | $12.60M | $13.00M | $11.60M | $12.10M | $11.30M | $11.20M | $11.50M | $10.80M | $10.80M | $10.60M | $9.70M | $10.00M | $9.10M | $8.60M | $8.30M |
| AUSTRALIA | $15.10M | $15.40M | $16.30M | $15.70M | $15.00M | $14.90M | $14.50M | $14.60M | $14.40M | $13.50M | $13.60M | $14.70M | $14.00M | $14.70M | $14.00M | $14.70M | $13.50M | $12.70M | $11.90M | $10.40M |
| Europe excluding the United Kingdom | $50.60M | $52.40M | $51.60M | $50.10M | $49.70M | $49.50M | $47.30M | $45.60M | $43.10M | $41.30M | $39.10M | $41.20M | $41.30M | $42.90M | $41.10M | $38.90M | $36.20M | $34.60M | $32.30M | $23.90M |
| UNITED STATES | $424.50M | $426.30M | $411.30M | $410.30M | $390.90M | $387.10M | $370.70M | $365.50M | $347.30M | $346.70M | $340.90M | $338.10M | $328.20M | $327.60M | $302.60M | $284.60M | $269.50M | $260.10M | $247.80M | $228.30M |
Morningstar's latest quarterly revenue breakdown by geography, as of Mar 25: UNITED STATES (61.03%), Non United States (22.63%), Europe excluding the United Kingdom (7.27%), CANADA (4.76%), AUSTRALIA (2.17%), Asia (1.71%), and Segment, Geographical, Group of Other Countries (0.43%).