Headquartered in Chicago, IL Fiscal year ends December NASDAQ: MORN morningstar.com
Morningstar, Inc. provides independent investment data, analytics, research, credit ratings, indexes, and investment management services. Its clients span the investment ecosystem, including individual investors, financial advisors, asset managers, retirement plan providers, institutions, and fixed-income issuers.
The company reports five segments:
- **Morningstar Direct Platform**: Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation, including the new agentic Direct AI.
- **PitchBook**: private capital markets data via the PitchBook platform, direct data feeds, and the PitchBook Data Premium Connector, with PitchBook AI in preview.
- **Morningstar Credit**: credit ratings and analytics under Morningstar DBRS, covering structured finance, corporates, financial institutions, and sovereigns.
- **Morningstar Wealth**: model portfolios, separately managed accounts, the International Wealth Platform, and Morningstar Investor.
- **Morningstar Retirement**: managed accounts, including advisor managed accounts, fiduciary services, and custom models/CITs.
Morningstar Sustainalytics (ESG research and data) and Morningstar Indexes, which now include CRSP indexes, are reported within Corporate and All Other.
Revenue comes mainly from license-based subscriptions, with asset-based fees and transaction-based fees (largely credit ratings) also contributing. As of Sept. 30, 2026, more than $3.6 trillion in assets were linked to Morningstar indexes, and its advisory subsidiaries had about $398.7 billion in AUMA. The company is expanding AI-native products and model context protocol (MCP) data distribution into third-party and client AI tools. It is also building capabilities around the convergence of public and private markets. Updated
Credit ratings revenue jumped 18.3% on heavy corporate and ABS/RMBS issuance, lifting adjusted operating margin to 28.3% and beating expectations. That is the operating leverage the market has been waiting on.
Cisco leads today's dividend payers with about $1.66 billion in cash going to shareholders on October 21, at 42 cents a share. Roper Technologies, Gentherm, Royal Gold and Morningstar round out the group, with payments landing between October 7 and October 30.
A $63 billion financing deal just handed Broadcom a funded customer for its most ambitious revenue forecast yet, but Wall Street is still waiting to see if the chipmaker can actually deliver…
A tax bill can arrive for gains you never chose to take, and the window to fight back closes December 31. Knowing which moves to make before year-end, and which ones quietly…
Vilma Rios Dave Ramsey and Morningstar sit on opposite ends of retirement math, and the gap between their withdrawal rates could mean the difference between a comfortable retirement and a depleted portfolio. Where dividends…
Chris Lange Leveraged ETFs charge a management fee you can see on the fact sheet, but a second party quietly collects a separate financing fee. A familiar name from the crypto world just bought…
Retiring at 63 with $1.1 million and no pension sounds comfortable until you see how badly the timing of one decision can erode your guaranteed income for life. The path most people…
Jake FitzGerald Earning $10,000 a month sounds like retirement comfort, but a single renter at 67 faces a slow-moving financial squeeze where the biggest bill never gets paid off and keeps growing every year.
Jake FitzGerald DA Davidson just issued the most bullish price target on Wall Street for Micron, and the math behind it hinges on something that has never lasted this long in any previous memory…
Micron Technology (NASDAQ:MU | MU Price Prediction) stock fell 1.72% to $1,046.79 despite record fiscal Q4 results and analyst price target increases. Goldman Sachs (NYSE:GS) raised its target to $1,250 from $1,100,…
Three separate data sources measuring millionaire retirees reveal a pattern that contradicts nearly everything conventional wisdom says about accumulating more wealth, and the math behind it comes down to forces most pre-retirees…
Famed value investor Bruce Berkowitz is the founder and chief investment officer of Fairholme Capital Management. He was once named by Morningstar (NASDAQ:MORN | MORN Price Prediction) as the stock fund manager…
Subject: Ten Ways You’ll Know The Recession Is Over When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company…
Morningstar (NASDAQ: MORN) founder and CEO Joe Mansueto did more than any other person to change the equity and mutual fund research business when he founded the company in 1984 and shepherded it through a rapid period…
Douglas A. McIntyre Moody’s Corp. (NYSE: MCO) has had the benefit of having Warren Buffett behind the company as the largest shareholder via Berkshire Hathaway Inc. (NYSE: BRK-B). What is interesting is how the bond…
These are some of the early analyst downgrades we are seeing from Wall Street this Friday morning with about two and a half hours until the open: Diamond Offshore (DO) Cut to…
These are ten of the analyst calls we see impacting shares this Friday morning: Allergan (NYSE: AGN) cut to Hold at Jefferies. ComScore (NASDAQ: SCOR) raised to Outperform at Oppenheimer. Dynamic Materials…
Morningstar, Inc. provides independent investment data, analytics, research, credit ratings, indexes, and investment management services. Its clients span the investment ecosystem, including individual investors, financial advisors, asset managers, retirement plan providers, institutions, and fixed-income issuers.
24/7 Wall St.'s 12-month price target for MORN is $273.10, rated Buy. The Wall Street consensus target is $239.00. MORN price prediction →
