Morningstar, Inc.'s SEC filings document formal disclosures for a public investment-research, data, ratings, indexes, and advisory-services company. Recent 8-K reports cover operating results, supplemental presentations, shareholder letters, Regulation FD investor Q&A materials, quarterly dividend declarations, and other material-event reporting.
Proxy and annual meeting filings document board composition, director elections, advisory executive-compensation votes, auditor ratification, and related governance matters. The company's filings also discuss capital-structure items, material agreements, and risk factors tied to brand independence, cybersecurity, data and information liability, artificial intelligence, strategic transactions, indebtedness, regulatory conditions, and business continuity.
Morningstar, Inc. Executive Chairman and major shareholder Joseph D. Mansueto reported open-market sales of a total of 14,500 shares of Morningstar common stock on May 14–15, 2026. The trades were executed at weighted average prices ranging from about $165.60 to $171.47 per share.
These sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025. Following the reported transactions, Mansueto directly holds 8,074,240 Morningstar shares and has additional indirect holdings through trusts totaling 150,000 shares in grantor retained annuity trusts and 6,277,675 shares in trusts for his children.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open‑market sales of a total of 18,502 shares of Morningstar common stock on May 8, 11 and 12, 2026, at prices around $176–$178 per share, under a pre‑arranged Rule 10b5‑1 trading plan.
Morningstar, Inc. reported the results of its Annual Shareholders’ Meeting held on May 7, 2026. Director Gail Landis, who reached the mandatory retirement age under the company’s director retirement policy, did not stand for re-election, and the Board size was set at 10 directors.
All director nominees listed in the proxy were elected, including Joe Mansueto with 33,192,034 votes for and Kunal Kapoor with 33,502,488 votes for. Shareholders approved Morningstar’s executive compensation on an advisory basis with 32,474,755 votes for and ratified KPMG LLP as independent registered public accounting firm for 2026 with 34,861,651 votes for.
Morningstar, Inc. executive chairman Joseph D. Mansueto reported open-market sales of 21,750 shares of Morningstar common stock. The sales occurred over May 5–7, 2026 at prices generally between about $166 and $180 per share. These transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025. After the direct sales, he continues to hold about 8.1 million shares directly, plus additional indirect holdings through grantor retained annuity trusts and trusts for his children.
Morningstar, Inc. executive chairman Joseph Mansueto reported planned stock sales. On May 1 and May 4, 2026, he sold a total of 14,500 shares of Morningstar common stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025.
The sales were executed at weighted average prices around $169–$174 per share. After these transactions, Mansueto continues to hold 8,128,992 Morningstar shares directly, plus additional indirect holdings through grantor retained annuity trusts for himself and his children.
Morningstar, Inc. reported multiple Form 144 sales by Joseph D. Mansueto of Class A/Common shares, listing specific sell transactions and proceeds on various dates in February–March 2026. The entries show repeated blocks of 7,250 shares sold on several dates with proceeds listed in the filing.
Morningstar, Inc. reported strong first-quarter 2026 results with broad-based growth and margin expansion. Revenue rose 10.8% to $644.8 million, or 7.6% on an organic basis. Operating income increased 36.6% to $155.9 million, and adjusted operating income grew 31.9% to $178.6 million, lifting the adjusted operating margin to 27.7% from 23.3%.
Diluted net income per share climbed 50.0% to $2.73, while adjusted diluted EPS increased 42.6% to $3.18. Morningstar Credit led segment growth with 38.4% higher revenue and a 40.8% adjusted operating margin. Morningstar Retirement revenue grew 17.9% with a 51.0% adjusted margin, and Morningstar Direct Platform and PitchBook continued to drive scale, despite softer growth at PitchBook.
Free cash flow declined 8.8% to $53.6 million as capital expenditures rose, and debt increased to $1,712.8 million partly to fund the Center for Research in Security Prices acquisition. Morningstar returned substantial capital, repurchasing 1.72 million shares for $300.0 million and paying $19.9 million in dividends.
Morningstar, Inc. reported strong first-quarter 2026 results with broad-based growth and margin expansion. Revenue rose 10.8% to $644.8 million, or 7.6% on an organic basis. Operating income increased 36.6% to $155.9 million, and adjusted operating income grew 31.9% to $178.6 million, lifting the adjusted operating margin to 27.7% from 23.3%.
Diluted net income per share climbed 50.0% to $2.73, while adjusted diluted EPS increased 42.6% to $3.18. Morningstar Credit led segment growth with 38.4% higher revenue and a 40.8% adjusted operating margin. Morningstar Retirement revenue grew 17.9% with a 51.0% adjusted margin, and Morningstar Direct Platform and PitchBook continued to drive scale, despite softer growth at PitchBook.
Free cash flow declined 8.8% to $53.6 million as capital expenditures rose, and debt increased to $1,712.8 million partly to fund the Center for Research in Security Prices acquisition. Morningstar returned substantial capital, repurchasing 1.72 million shares for $300.0 million and paying $19.9 million in dividends.
Morningstar, Inc. reported strong Q1 2026 results, with revenue rising 10.8% to $644.8 million and operating income up 36.6% to $155.9 million, lifting operating margin to 24.2% from 19.6%. Growth was broad-based, led by Morningstar Credit’s 38.4% revenue increase and solid gains in Morningstar Direct Platform and Retirement.
Net income climbed to $107.1 million, and diluted EPS reached $2.73. Organic revenue grew 7.6%, while adjusted operating margin improved to 27.7%, reflecting operating leverage despite higher compensation and technology costs.
The company closed the $363.0 million acquisition of CRSP, adding significant intangible assets and goodwill, funded largely through its 2025 Credit Agreement. Total debt increased to $1.71 billion, with funded indebtedness to EBITDA at about 2.0x, while Morningstar returned $300.0 million via share repurchases and paid $19.9 million in dividends.
Morningstar, Inc. reported strong Q1 2026 results, with revenue rising 10.8% to $644.8 million and operating income up 36.6% to $155.9 million, lifting operating margin to 24.2% from 19.6%. Growth was broad-based, led by Morningstar Credit’s 38.4% revenue increase and solid gains in Morningstar Direct Platform and Retirement.
Net income climbed to $107.1 million, and diluted EPS reached $2.73. Organic revenue grew 7.6%, while adjusted operating margin improved to 27.7%, reflecting operating leverage despite higher compensation and technology costs.
The company closed the $363.0 million acquisition of CRSP, adding significant intangible assets and goodwill, funded largely through its 2025 Credit Agreement. Total debt increased to $1.71 billion, with funded indebtedness to EBITDA at about 2.0x, while Morningstar returned $300.0 million via share repurchases and paid $19.9 million in dividends.
Morningstar, Inc. reported 2025 results showing revenue of $2,445.5 million and reported revenue growth of 7.5% (8.0% organic).
The company posted higher operating and adjusted operating income (up 8.6% and 18.0%), net income per diluted share $8.87, and adjusted net income per diluted share $9.86. Free cash flow was $442.6 million. Morningstar repurchased 3,276,578 shares for $787.0 million (avg $240.17) and reduced shares outstanding by 7.3% in 2025. Debt increased $374.0 million, net, and a multicurrency credit agreement provides up to $1.5 billion of borrowing capacity.
Strategic activity included acquisitions (Lumonic, DealX, CRSP acquisition closed Feb 2026), expansion of AI integrations and product initiatives, and 10,973 permanent full-time employees as of Dec. 31, 2025.