NASDAQ:MORN | Income Statement | Morningstar, Inc.

Complete source-backed income-statement history.

Available history
2008-12-31 to 2026-06-30
Data captured

Historical Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2026-06-30$663.2M$239.3M$160.6M-$13.6M$147M$38.3M$107.8M$2.85$2.8337,800,00038,100,000
2026-03-31$644.8M$238.9M$155.9M-$14.1M$141.8M$34.6M$107.1M$2.74$2.7339,100,00039,300,000
2025-12-31$641.1M$249.2M$159.6M-$8.7M$147.6M$36.4M$115.1M$2.81$2.79-500,000-400,000
2025-09-30$617.4M$241.7M$127.8M-$4.7M$123.1M$31.4M$91.6M$2.18$2.1742,100,00042,300,000
2025-06-30$605.1M$230.6M$125.1M-$8.6M$116.5M$26.3M$89M$2.11$2.0942,200,00042,500,000
2025-03-31$581.9M$231.4M$114.1M-$5.6M$108.5M$27.4M$78.5M$1.83$1.8242,800,00043,100,000
2024-12-31$591M$232.2M$168.2M-$5.3M$145.5M$33.9M$116.9M$2.73$2.7100
2024-09-30$569.4M$222.7M$115.5M$36.4M$151.9M$29.6M$119.7M$2.79$2.7742,900,00043,200,000
2024-06-30$571.9M$222.7M$108.5M-$19M$89.5M$19.2M$69.1M$1.61$1.6042,800,00043,100,000
2024-03-31$542.8M$218.1M$92.6M-$5.6M$87M$21.3M$64.2M$1.50$1.4942,700,00043,000,000
2023-12-31$538.7M$205.4M$94.4M-$4.1M$82.9M$14.1M$73.5M$1.72$1.710100,000
2023-09-30$515.5M$202.9M$70M-$12.6M$57.4M$16.7M$39.1M$0.92$0.9142,700,00042,900,000
2023-06-30$504.7M$216.4M$41.7M-$10M$31.7M-$6.2M$36.1M$0.85$0.8442,600,00042,800,000
2023-03-31$479.7M$218.8M$24.5M-$22.4M$2.1M$8.4M-$7.6M-$0.18-$0.1842,500,00042,500,000
2022-12-31$475M$195M$35.5M-$4.9M$30.6M$26.4M$3.3M$0.08$0.08-100,000-100,000
2022-09-30$468.2M$195.4M$22M-$24.3M-$2.3M$5.4M-$9M-$0.21-$0.2142,500,00042,700,000
2022-06-30$470.4M$197.6M$53.9M-$14.6M$39.3M$7.4M$30.1M$0.71$0.7042,600,00042,900,000
2022-03-31$457M$191.3M$56.4M$6.6M$63M$17.3M$46.1M$1.07$1.0643,000,00043,300,000
2021-12-31$462.2M$189.6M$74.8M-$600,000.00$74.2M$18.5M$56.5M$1.32$1.290100,000
2021-09-30$428.9M$183.1M$67.8M-$4.6M$63.2M$16.1M$49M$1.14$1.1343,100,00043,400,000
2021-06-30$415.4M$168.4M$47.2M-$1.4M$45.8M$13.9M$32.9M$0.77$0.7643,000,00043,300,000
2021-03-31$392.8M$157.3M$67.2M$100,000.00$67.3M$14.1M$54.9M$1.28$1.2742,900,00043,300,000
2020-12-31$380.4M$149.6M$65.1M$28.3M$93.4M$19.1M$75.3M$1.76$1.7500
2020-09-30$357.2M$138.7M$44.3M$48.2M$92.5M$16.9M$76.2M$1.78$1.7642,900,00043,200,000
2020-06-30$327.9M$131.1M$61.3M$2.6M$63.9M$15.2M$48.2M$1.13$1.1242,900,00043,200,000
2020-03-31$324M$137M$44.5M-$11.3M$33.2M$8.5M$23.9M$0.56$0.5542,900,00043,300,000
2019-12-31$332.4M$142.1M$39.7M-$4M$35.7M$9.1M$27.6M$0.65$0.630100,000
2019-09-30$313.8M$128.4M$49.6M$13.9M$63.5M$13.3M$49.1M$1.15$1.1442,800,00043,200,000
2019-06-30$273.9M$107.5M$50.8M$2.3M$53.1M$11.7M$42.1M$0.99$0.9842,700,00043,100,000
2019-03-31$258.9M$105.1M$49.5M-$3.3M$46.2M$11.5M$33.2M$0.78$0.7742,600,00043,000,000
2018-12-31$262.7M$108.9M$49.3M-$900,000.00$48.4M$5.5M$42.4M$1.00$0.9800
2018-09-30$261.3M$100M$65.4M$7.3M$72.7M$16.1M$56.9M$1.33$1.3242,600,00043,100,000
2018-06-30$252.4M$99.8M$53.6M$1.4M$55M$12.8M$41.8M$0.98$0.9742,600,00043,000,000
2018-03-31$243.5M$102.4M$47.5M$9.3M$56.8M$13.4M$41.9M$0.99$0.9842,500,00042,900,000
2017-12-31$243.1M$103.4M$42.6M-$700,000.00$41.9M$2.7M$38.9M$0.92$0.90-100,000-100,000
2017-09-30$229.9M$90.9M$52.8M-$2M$50.8M$16.9M$33.9M$0.80$0.7942,500,00042,800,000
2017-06-30$229.2M$95.3M$46M$15.3M$61.3M$15M$46.1M$1.07$1.0742,900,00043,100,000
2017-03-31$209.5M$97M$28.4M-$1.3M$27.1M$8.3M$18M$0.42$0.4242,900,00043,200,000
2016-12-31$212.2M$88M$49.9M$38.5M$88.4M$17.2M$70.3M$1.63$1.6300
2016-09-30$196.1M$84.9M$44.2M$2.1M$46.3M$16.5M$30.2M$0.70$0.7043,100,00043,300,000
2016-06-30$198.2M$86.1M$44.4M$3M$47.4M$15.4M$31.8M$0.74$0.7343,000,00043,300,000
2016-03-31$192.1M$85.3M$42.3M$500,000.00$42.8M$14.6M$28.7M$0.67$0.6743,000,00043,100,000
2015-12-31$201.6M$84.9M$50.1M$1.4M$51.5M$14.5M$37.3M$0.85$0.85-100,000-100,000
2015-09-30$195.3M$83.4M$46.2M$1.4M$47.6M$14.6M$33.5M$0.76$0.7644,200,00044,300,000
2015-06-30$202.1M$83.2M$49.7M$600,000.00$50.3M$18.7M$32.2M$0.73$0.7244,300,00044,400,000
2015-03-31$189.8M$78.7M$44.5M-$400,000.00$44.1M$14.8M$29.7M$0.67$0.6744,300,00044,500,000
2014-12-31$196.4M$81.2M$46.6M$1.9M$48.5M$15.5M$31.5M$0.71$0.70-100,000-100,000
2014-09-30$193.1M$80M$45.3M-$300,000.00$45M$15.1M$30.2M$0.67$0.6744,700,00044,900,000
2014-06-30$189.4M$81.5M-$24.8M$5.9M-$18.9M-$8.6M-$9.8M-$0.22-$0.2244,800,00044,800,000
2014-03-31$181.2M$75.8M$38.5M$900,000.00$39.4M$13.7M$26.4M$0.59$0.5844,800,00045,100,000
2013-12-31$180.53M$72.9M$41.94M$2.47M$44.42M$13.35M$31.3M$0.69$0.68-93,000-135,000
2013-09-30$173.48M$72.42M$44.61M$771,000.00$45.38M$14.27M$31.46M$0.68$0.6846,080,00046,519,000
2013-06-30$175.43M$64.43M$14.15M$43.58M$3.11M$46.7M$15.96M$31.12M$0.67$0.6646,400,00046,853,000
2013-03-31$168.86M$61.65M$13.64M$40.56M$945,000.00$41.51M$12.43M$29.62M$0.64$0.6346,406,00046,814,000
2012-12-31$170.61M$60.64M$12.77M$39.27M-$577,000.00$38.69M$11.44M$32.98M$0.70$0.69-531,000-516,000
2012-09-30$160.95M$60.57M$12.86M$39.86M$1.88M$41.74M$15.19M$27.07M$0.56$0.5647,975,00048,481,000
2012-06-30$165.97M$49.45M$12.44M$41.14M$995,000.00$42.13M$14.74M$27.89M$0.57$0.5649,195,00049,856,000
2012-03-31$160.76M$50.32M$13.37M$30.4M$659,000.00$31.06M$11.51M$20.14M$0.40$0.4049,938,00050,758,000
2011-12-31$158.57M$101.36M$14.01M$34.14M$1.51M$35.64M$8.07M$27.96M$0.56$0.55-50,000-83,000
2011-09-30$160.05M$48.07M$13.48M$33.86M-$579,000.00$33.29M$12.34M$21.38M$0.42$0.4250,278,00051,123,000
2011-06-30$161.01M$45.19M$13.68M$38.61M$9,000.00$38.62M$12.72M$26.49M$0.53$0.5250,165,00051,142,000
2011-03-31$151.77M$40.67M$11.99M$31.81M$774,000.00$32.58M$10.52M$22.54M$0.45$0.4449,800,00050,953,000
2010-12-31$151.15M$42.3M$13.75M$32.29M$684,000.00$32.97M$9.62M$23.5M$0.48$0.4692,000102,000
2010-09-30$139.82M$40.71M$12.7M$30.16M$6.21M$36.37M$11.92M$24.68M$0.50$0.4949,401,00050,544,000
2010-06-30$136.09M$39.74M$11.9M$27.67M$21,000.00$27.69M$10.23M$18M$0.37$0.3649,234,00050,533,000
2010-03-31$128.29M$34.32M$10.89M$30.94M-$179,000.00$30.76M$11M$20.19M$0.41$0.4048,828,00050,332,000
2009-12-31$122.64M$35.72M$10.19M$23.68M-$365,000.00$23.31M$9.68M$14.1M$0.29$0.28182,000170,000
2009-09-30$120.09M$31.95M$9.45M$33.68M$793,000.00$34.48M$12.41M$22.52M$0.46$0.4548,457,00050,048,000
2009-06-30$119.53M$30.69M$9.44M$32.69M$1.97M$34.66M$14.02M$20.54M$0.43$0.4147,941,00049,631,000

Annual Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2025-12-31$2.45B$952.9M$526.6M-$27.6M$495.7M$121.5M$374.2M$8.93$8.8741,900,00042,200,000
2024-12-31$2.28B$895.7M$484.8M$6.5M$473.9M$104M$369.9M$8.64$8.5842,800,00043,100,000
2023-12-31$2.04B$843.5M$230.6M-$49.1M$174.1M$33M$141.1M$3.31$3.2942,600,00042,900,000
2022-12-31$1.87B$779.3M$167.8M-$37.2M$130.6M$56.5M$70.5M$1.65$1.6442,600,00042,900,000
2021-12-31$1.7B$698.4M$257M-$6.5M$250.5M$62.6M$193.3M$4.50$4.4543,000,00043,400,000
2020-12-31$1.39B$556.4M$215.2M$67.8M$283M$59.7M$223.6M$5.22$5.1842,900,00043,200,000
2019-12-31$1.18B$483.1M$189.6M$8.9M$198.5M$45.6M$152M$3.56$3.5242,700,00043,200,000
2018-12-31$1.02B$411.1M$215.8M$17.1M$232.9M$47.8M$183M$4.30$4.2542,600,00043,000,000
2017-12-31$911.7M$386.6M$169.8M$11.3M$181.1M$42.9M$136.9M$3.21$3.1842,700,00043,000,000
2016-12-31$798.6M$344.3M$180.8M$44.1M$224.9M$63.7M$161M$3.74$3.7243,000,00043,300,000
2015-12-31$788.8M$330.1M$190.6M$3.1M$193.7M$62.7M$132.6M$3.00$3.0044,200,00044,300,000
2014-12-31$760.1M$318.6M$105.6M$8.4M$114M$35.7M$78.3M$1.75$1.7444,700,00044,900,000
2013-12-31$698.3M$271.4M$170.7M$7.3M$178M$56M$123.5M$2.68$2.6646,200,00046,500,000
2012-12-31$658.29M$246.78M$51.44M$150.67M$2.96M$153.63M$52.88M$108.08M$2.23$2.2048,497,00049,148,000
2011-12-31$631.4M$235.29M$53.16M$138.42M$1.71M$140.12M$43.66M$98.36M$1.96$1.9250,032,00050,988,000
2010-12-31$555.35M$157.07M$49.24M$121.06M$6.73M$127.79M$42.76M$86.37M$1.75$1.7049,249,00050,555,000
2009-12-31$479M$128.62M$38.38M$124.67M$2.93M$127.61M$46.78M$82.13M$1.71$1.6548,112,00049,793,000
2008-12-31$502.46M$130.09M$40.34M$138.88M$4.25M$143.13M$54.42M$89.63M$1.94$1.8246,139,00049,213,000