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MORN

01Multicharts 02Comparables 03Price target

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MORN · Morningstar, Inc. fundamentals · vpside

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MORNMarket cap $8.5B/Last filing 10-Q, Q3 FY26 · 28 Oct 2026/MORNMarket cap $8.5B/Last filing 10-Q, Q3 FY26 · 28 Oct 2026/MORNMarket cap $8.5B/Last filing 10-Q, Q3 FY26 · 28 Oct 2026/MORNMarket cap $8.5B/Last filing 10-Q, Q3 FY26 · 28 Oct 2026/

Filings synced 13:22 · Prices: prior close 30 Oct

MORN

Morningstar, Inc.

Nasdaq · Investment advice (SIC 6282) · FY ends 31 Dec

01Multicharts 02Comparables 03Price target

Add a metric37 metrics

Revenue, quarterly

$672M+8.9% year on year

$750M$500M$250M$0

vpside.com

Q4 ’21Q1 ’23Q2 ’24Q2 ’25Q3 ’26

Company filings · 10-Q filed 28 Oct 2026 · Q4 = FY − 9Mvpside.com

Gross margin, trailing twelve months

63.1%+2.1 pp year on year

64%62%60%58%56%

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Q4 ’21Q1 ’23Q2 ’24Q2 ’25Q3 ’26

Company filings · 10-Q filed 28 Oct 2026 · TTM = last four quartersvpside.com

Cash and cash equivalents, quarter-end

$497M+4.7% year on year

$600M$400M$200M$0

vpside.com

Q4 ’21Q1 ’23Q2 ’24Q2 ’25Q3 ’26

Company filings · 10-Q filed 28 Oct 2026 · balance sheet, period-endvpside.com

Free cash flow, trailing twelve months

$493M+25.0% year on year

$600M$400M$200M$0

vpside.com

Q4 ’21Q1 ’23Q2 ’24Q2 ’25Q3 ’26

Company filings · 10-Q filed 28 Oct 2026 · TTM = last four quartersvpside.com

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Fundamentals: company filings · Q4 = full year − nine months · TTM = last four quarters