NASDAQ:MORN | Profit Breakdown | Morningstar, Inc.

Complete filed revenue-to-profit bridge showing gross profit, operating income, pre-tax income and net income.

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

Historical Profit Breakdown

DateRevenueGross profitOperating incomePre-tax incomeNet income
2026-06-30$663.2M$160.6M$147M$107.8M
2026-03-31$644.8M$155.9M$141.8M$107.1M
2025-12-31$641.1M$159.6M$147.6M$115.1M
2025-09-30$617.4M$127.8M$123.1M$91.6M
2025-06-30$605.1M$125.1M$116.5M$89M
2025-03-31$581.9M$114.1M$108.5M$78.5M
2024-12-31$591M$168.2M$145.5M$116.9M
2024-09-30$569.4M$115.5M$151.9M$119.7M
2024-06-30$571.9M$108.5M$89.5M$69.1M
2024-03-31$542.8M$92.6M$87M$64.2M
2023-12-31$538.7M$94.4M$82.9M$73.5M
2023-09-30$515.5M$70M$57.4M$39.1M
2023-06-30$504.7M$41.7M$31.7M$36.1M
2023-03-31$479.7M$24.5M$2.1M-$7.6M
2022-12-31$475M$35.5M$30.6M$3.3M
2022-09-30$468.2M$22M-$2.3M-$9M
2022-06-30$470.4M$53.9M$39.3M$30.1M
2022-03-31$457M$56.4M$63M$46.1M
2021-12-31$462.2M$74.8M$74.2M$56.5M
2021-09-30$428.9M$67.8M$63.2M$49M
2021-06-30$415.4M$47.2M$45.8M$32.9M
2021-03-31$392.8M$67.2M$67.3M$54.9M
2020-12-31$380.4M$65.1M$93.4M$75.3M
2020-09-30$357.2M$44.3M$92.5M$76.2M
2020-06-30$327.9M$61.3M$63.9M$48.2M
2020-03-31$324M$44.5M$33.2M$23.9M
2019-12-31$332.4M$39.7M$35.7M$27.6M
2019-09-30$313.8M$49.6M$63.5M$49.1M
2019-06-30$273.9M$50.8M$53.1M$42.1M
2019-03-31$258.9M$49.5M$46.2M$33.2M
2018-12-31$262.7M$49.3M$48.4M$42.4M
2018-09-30$261.3M$65.4M$72.7M$56.9M
2018-06-30$252.4M$53.6M$55M$41.8M
2018-03-31$243.5M$47.5M$56.8M$41.9M
2017-12-31$243.1M$42.6M$41.9M$38.9M
2017-09-30$229.9M$52.8M$50.8M$33.9M
2017-06-30$229.2M$46M$61.3M$46.1M
2017-03-31$209.5M$28.4M$27.1M$18M
2016-12-31$212.2M$49.9M$88.4M$70.3M
2016-09-30$196.1M$44.2M$46.3M$30.2M
2016-06-30$198.2M$44.4M$47.4M$31.8M
2016-03-31$192.1M$42.3M$42.8M$28.7M
2015-12-31$201.6M$50.1M$51.5M$37.3M
2015-09-30$195.3M$46.2M$47.6M$33.5M
2015-06-30$202.1M$49.7M$50.3M$32.2M
2015-03-31$189.8M$44.5M$44.1M$29.7M
2014-12-31$196.4M$46.6M$48.5M$31.5M
2014-09-30$193.1M$45.3M$45M$30.2M
2014-06-30$189.4M-$24.8M-$18.9M-$9.8M
2014-03-31$181.2M$38.5M$39.4M$26.4M
2013-12-31$180.53M$41.94M$44.42M$31.3M
2013-09-30$173.48M$44.61M$45.38M$31.46M
2013-06-30$175.43M$43.58M$46.7M$31.12M
2013-03-31$168.86M$40.56M$41.51M$29.62M
2012-12-31$170.61M$39.27M$38.69M$32.98M
2012-09-30$160.95M$39.86M$41.74M$27.07M
2012-06-30$165.97M$41.14M$42.13M$27.89M
2012-03-31$160.76M$30.4M$31.06M$20.14M
2011-12-31$158.57M$34.14M$35.64M$27.96M
2011-09-30$160.05M$33.86M$33.29M$21.38M
2011-06-30$161.01M$38.61M$38.62M$26.49M
2011-03-31$151.77M$31.81M$32.58M$22.54M
2010-12-31$151.15M$32.29M$32.97M$23.5M
2010-09-30$139.82M$30.16M$36.37M$24.68M
2010-06-30$136.09M$27.67M$27.69M$18M
2010-03-31$128.29M$30.94M$30.76M$20.19M
2009-12-31$122.64M$23.68M$23.31M$14.1M
2009-09-30$120.09M$33.68M$34.48M$22.52M
2009-06-30$119.53M$32.69M$34.66M$20.54M

Annual Profit Breakdown

DateRevenueGross profitOperating incomePre-tax incomeNet income
2025-12-31$2.45B$526.6M$495.7M$374.2M
2024-12-31$2.28B$484.8M$473.9M$369.9M
2023-12-31$2.04B$230.6M$174.1M$141.1M
2022-12-31$1.87B$167.8M$130.6M$70.5M
2021-12-31$1.7B$257M$250.5M$193.3M
2020-12-31$1.39B$215.2M$283M$223.6M
2019-12-31$1.18B$189.6M$198.5M$152M
2018-12-31$1.02B$215.8M$232.9M$183M
2017-12-31$911.7M$169.8M$181.1M$136.9M
2016-12-31$798.6M$180.8M$224.9M$161M
2015-12-31$788.8M$190.6M$193.7M$132.6M
2014-12-31$760.1M$105.6M$114M$78.3M
2013-12-31$698.3M$170.7M$178M$123.5M
2012-12-31$658.29M$150.67M$153.63M$108.08M
2011-12-31$631.4M$138.42M$140.12M$98.36M
2010-12-31$555.35M$121.06M$127.79M$86.37M
2009-12-31$479M$124.67M$127.61M$82.13M
2008-12-31$502.46M$138.88M$143.13M$89.63M