Morningstar's Revenue
- Morningstar's annual revenue was $2.46 B in fiscal year 2025. The annual revenue increased $183.10 M from $2.28 B (in 2024) to $2.46 B (in 2025), representing a 8.05% year-over-year growth.
- Morningstar's quarterly revenue was $653.80 M in the quarter ending Dec 2025. The quarterly revenue increased $62.80 M from $591.00 M (in Q4: Sept 2024) to $653.80 M (in Q4: Sept 2025), representing a 10.63% year-over-year growth.
- The highest annual revenue for Morningstar was $2.46 B in fiscal year 2025.
- The lowest annual revenue was $798.60 M in fiscal year 2016.
- The average revenue was $1.56 B.
- Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
Over the past 10 years (2016 - 2025):
Learn more about Morningstar's Revenue by Segment and Revenue by Region.
Check out competitors to Morningstar in a side-by-side comparison.
Explore additional financial metrics for Morningstar.
Definition of Revenue :
Morningstar's Revenue Trend
| 2015 | 788800000.00 |
|---|---|
| 2016 | 798600000.00 |
| 2017 | 911700000.00 |
| 2018 | 1019900000.00 |
| 2019 | 1179000000.00 |
| 2020 | 1389500000.00 |
| 2021 | 1699300000.00 |
| 2022 | 1870600000.00 |
| 2023 | 2038600000.00 |
| 2024 | 2275100000.00 |
| 2025 | 2458200000.00 |
| Mar 2016 | 192100000.00 |
|---|---|
| Jun 2016 | 198200000.00 |
| Sep 2016 | 196100000.00 |
| Dec 2016 | 212200000.00 |
| Mar 2017 | 209500000.00 |
| Jun 2017 | 229200000.00 |
| Sep 2017 | 229900000.00 |
| Dec 2017 | 243100000.00 |
| Mar 2018 | 243500000.00 |
| Jun 2018 | 252400000.00 |
| Sep 2018 | 261300000.00 |
| Dec 2018 | 262700000.00 |
| Mar 2019 | 258900000.00 |
| Jun 2019 | 273900000.00 |
| Sep 2019 | 313800000.00 |
| Dec 2019 | 332400000.00 |
| Mar 2020 | 324000000.00 |
| Jun 2020 | 327900000.00 |
| Sep 2020 | 357200000.00 |
| Dec 2020 | 380400000.00 |
| Mar 2021 | 392800000.00 |
| Jun 2021 | 415400000.00 |
| Sep 2021 | 428900000.00 |
| Dec 2021 | 462200000.00 |
| Mar 2022 | 457000000.00 |
| Jun 2022 | 470400000.00 |
| Sep 2022 | 468200000.00 |
| Dec 2022 | 475000000.00 |
| Mar 2023 | 479700000.00 |
| Jun 2023 | 504700000.00 |
| Sep 2023 | 515500000.00 |
| Dec 2023 | 538700000.00 |
| Mar 2024 | 542800000.00 |
| Jun 2024 | 571900000.00 |
| Sep 2024 | 569400000.00 |
| Dec 2024 | 591000000.00 |
| Mar 2025 | 581900000.00 |
| Jun 2025 | 605100000.00 |
| Sep 2025 | 617400000.00 |
| Dec 2025 | 653800000.00 |
2025
Morningstar's annual revenue was $2.46 B in fiscal year 2025.
Morningstar's quarterly revenue was $581.90 M(Q1: Mar 2025), $605.10 M(Q2: Jun 2025), $617.40 M(Q3: Sep 2025), $653.80 M(Q4: Dec 2025) in fiscal year 2025.
2024
Morningstar's annual revenue was $2.28 B in fiscal year 2024.
Morningstar's quarterly revenue was $542.80 M(Q1: Mar 2024), $571.90 M(Q2: Jun 2024), $569.40 M(Q3: Sep 2024), $591.00 M(Q4: Dec 2024) in fiscal year 2024.
2023
Morningstar's annual revenue was $2.04 B in fiscal year 2023.
Morningstar's quarterly revenue was $479.70 M(Q1: Mar 2023), $504.70 M(Q2: Jun 2023), $515.50 M(Q3: Sep 2023), $538.70 M(Q4: Dec 2023) in fiscal year 2023.
2022
Morningstar's annual revenue was $1.87 B in fiscal year 2022.
Morningstar's quarterly revenue was $457.00 M(Q1: Mar 2022), $470.40 M(Q2: Jun 2022), $468.20 M(Q3: Sep 2022), $475.00 M(Q4: Dec 2022) in fiscal year 2022.
2021
Morningstar's annual revenue was $1.70 B in fiscal year 2021.
Morningstar's quarterly revenue was $392.80 M(Q1: Mar 2021), $415.40 M(Q2: Jun 2021), $428.90 M(Q3: Sep 2021), $462.20 M(Q4: Dec 2021) in fiscal year 2021.
2020
Morningstar's annual revenue was $1.39 B in fiscal year 2020.
Morningstar's quarterly revenue was $324.00 M(Q1: Mar 2020), $327.90 M(Q2: Jun 2020), $357.20 M(Q3: Sep 2020), $380.40 M(Q4: Dec 2020) in fiscal year 2020.
2019
Morningstar's annual revenue was $1.18 B in fiscal year 2019.
Morningstar's quarterly revenue was $258.90 M(Q1: Mar 2019), $273.90 M(Q2: Jun 2019), $313.80 M(Q3: Sep 2019), $332.40 M(Q4: Dec 2019) in fiscal year 2019.
2018
Morningstar's annual revenue was $1.02 B in fiscal year 2018.
Morningstar's quarterly revenue was $243.50 M(Q1: Mar 2018), $252.40 M(Q2: Jun 2018), $261.30 M(Q3: Sep 2018), $262.70 M(Q4: Dec 2018) in fiscal year 2018.
2017
Morningstar's annual revenue was $911.70 M in fiscal year 2017.
Morningstar's quarterly revenue was $209.50 M(Q1: Mar 2017), $229.20 M(Q2: Jun 2017), $229.90 M(Q3: Sep 2017), $243.10 M(Q4: Dec 2017) in fiscal year 2017.
2016
Morningstar's annual revenue was $798.60 M in fiscal year 2016.
Morningstar's quarterly revenue was $192.10 M(Q1: Mar 2016), $198.20 M(Q2: Jun 2016), $196.10 M(Q3: Sep 2016), $212.20 M(Q4: Dec 2016) in fiscal year 2016.
Morningstar's Revenue (Year-over-Year Change)
| 2015 | 0 |
|---|---|
| 2016 | +1.24 |
| 2017 | +14.16 |
| 2018 | +11.87 |
| 2019 | +15.60 |
| 2020 | +17.85 |
| 2021 | +22.30 |
| 2022 | +10.08 |
| 2023 | +8.98 |
| 2024 | +11.60 |
| 2025 | +8.05 |
| Q1: Mar 16 | 1.21 |
|---|---|
| Q2: Jun 16 | -1.93 |
| Q3: Sep 16 | 0.41 |
| Q4: Dec 16 | 5.26 |
| Q1: Mar 17 | 9.06 |
| Q2: Jun 17 | 15.64 |
| Q3: Sep 17 | 17.24 |
| Q4: Dec 17 | 14.56 |
| Q1: Mar 18 | 16.23 |
| Q2: Jun 18 | 10.12 |
| Q3: Sep 18 | 13.66 |
| Q4: Dec 18 | 8.06 |
| Q1: Mar 19 | 6.32 |
| Q2: Jun 19 | 8.52 |
| Q3: Sep 19 | 20.09 |
| Q4: Dec 19 | 26.53 |
| Q1: Mar 20 | 25.14 |
| Q2: Jun 20 | 19.72 |
| Q3: Sep 20 | 13.83 |
| Q4: Dec 20 | 14.44 |
| Q1: Mar 21 | 21.23 |
| Q2: Jun 21 | 26.68 |
| Q3: Sep 21 | 20.07 |
| Q4: Dec 21 | 21.50 |
| Q1: Mar 22 | 16.34 |
| Q2: Jun 22 | 13.24 |
| Q3: Sep 22 | 9.16 |
| Q4: Dec 22 | 2.77 |
| Q1: Mar 23 | 4.97 |
| Q2: Jun 23 | 7.29 |
| Q3: Sep 23 | 10.10 |
| Q4: Dec 23 | 13.41 |
| Q1: Mar 24 | 13.15 |
| Q2: Jun 24 | 13.31 |
| Q3: Sep 24 | 10.46 |
| Q4: Dec 24 | 9.71 |
| Q1: Mar 25 | 7.20 |
| Q2: Jun 25 | 5.81 |
| Q3: Sep 25 | 8.43 |
| Q4: Dec 25 | 10.63 |
2025
Morningstar’s annual revenue increased +8.05% during fiscal year 2025 compared to 2024. It represents a growth of $183.10 M from $2.28 B (in 2024) to $2.46 B (in 2025).
2024
Morningstar’s annual revenue increased +11.60% during fiscal year 2024 compared to 2023. It represents a growth of $236.50 M from $2.04 B (in 2023) to $2.28 B (in 2024).
2023
Morningstar’s annual revenue increased +8.98% during fiscal year 2023 compared to 2022. It represents a growth of $168.00 M from $1.87 B (in 2022) to $2.04 B (in 2023).
2022
Morningstar’s annual revenue increased +10.08% during fiscal year 2022 compared to 2021. It represents a growth of $171.30 M from $1.70 B (in 2021) to $1.87 B (in 2022).
2021
Morningstar’s annual revenue increased +22.30% during fiscal year 2021 compared to 2020. It represents a growth of $309.80 M from $1.39 B (in 2020) to $1.70 B (in 2021).
2020
Morningstar’s annual revenue increased +17.85% during fiscal year 2020 compared to 2019. It represents a growth of $210.50 M from $1.18 B (in 2019) to $1.39 B (in 2020).
2019
Morningstar’s annual revenue increased +15.60% during fiscal year 2019 compared to 2018. It represents a growth of $159.10 M from $1.02 B (in 2018) to $1.18 B (in 2019).
2018
Morningstar’s annual revenue increased +11.87% during fiscal year 2018 compared to 2017. It represents a growth of $108.20 M from $911.70 M (in 2017) to $1.02 B (in 2018).
2017
Morningstar’s annual revenue increased +14.16% during fiscal year 2017 compared to 2016. It represents a growth of $113.10 M from $798.60 M (in 2016) to $911.70 M (in 2017).
2016
Morningstar’s annual revenue increased +1.24% during fiscal year 2016 compared to 2015. It represents a growth of $9.80 M from $788.80 M (in 2015) to $798.60 M (in 2016).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2025 | $2.46 B | +8.05% |
| 2024 | $2.28 B | +11.60% |
| 2023 | $2.04 B | +8.98% |
| 2022 | $1.87 B | +10.08% |
| 2021 | $1.70 B | +22.30% |
| 2020 | $1.39 B | +17.85% |
| 2019 | $1.18 B | +15.60% |
| 2018 | $1.02 B | +11.87% |
| 2017 | $911.70 M | +14.16% |
| 2016 | $798.60 M | +1.24% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q4: Dec 25 | $653.80 M | 10.63% |
| Q3: Sep 25 | $617.40 M | 8.43% |
| Q2: Jun 25 | $605.10 M | 5.81% |
| Q1: Mar 25 | $581.90 M | 7.20% |
| Q4: Dec 24 | $591.00 M | 9.71% |
| Q3: Sep 24 | $569.40 M | 10.46% |
| Q2: Jun 24 | $571.90 M | 13.31% |
| Q1: Mar 24 | $542.80 M | 13.15% |
| Q4: Dec 23 | $538.70 M | 13.41% |
| Q3: Sep 23 | $515.50 M | 10.10% |
| Q2: Jun 23 | $504.70 M | 7.29% |
| Q1: Mar 23 | $479.70 M | 4.97% |
| Q4: Dec 22 | $475.00 M | 2.77% |
| Q3: Sep 22 | $468.20 M | 9.16% |
| Q2: Jun 22 | $470.40 M | 13.24% |
| Q1: Mar 22 | $457.00 M | 16.34% |
| Q4: Dec 21 | $462.20 M | 21.50% |
| Q3: Sep 21 | $428.90 M | 20.07% |
| Q2: Jun 21 | $415.40 M | 26.68% |
| Q1: Mar 21 | $392.80 M | 21.23% |
| Q4: Dec 20 | $380.40 M | 14.44% |
| Q3: Sep 20 | $357.20 M | 13.83% |
| Q2: Jun 20 | $327.90 M | 19.72% |
| Q1: Mar 20 | $324.00 M | 25.14% |
| Q4: Dec 19 | $332.40 M | 26.53% |
| Q3: Sep 19 | $313.80 M | 20.09% |
| Q2: Jun 19 | $273.90 M | 8.52% |
| Q1: Mar 19 | $258.90 M | 6.32% |
| Q4: Dec 18 | $262.70 M | 8.06% |
| Q3: Sep 18 | $261.30 M | 13.66% |
| Q2: Jun 18 | $252.40 M | 10.12% |
| Q1: Mar 18 | $243.50 M | 16.23% |
| Q4: Dec 17 | $243.10 M | 14.56% |
| Q3: Sep 17 | $229.90 M | 17.24% |
| Q2: Jun 17 | $229.20 M | 15.64% |
| Q1: Mar 17 | $209.50 M | 9.06% |
| Q4: Dec 16 | $212.20 M | 5.26% |
| Q3: Sep 16 | $196.10 M | 0.41% |
| Q2: Jun 16 | $198.20 M | -1.93% |
| Q1: Mar 16 | $192.10 M | 1.21% |
