Last year, Morningstar Inc generated 1.72B USD for its biggest-performing segment, License-based. The United States made the largest contribution, accounting for 1.75B USD last year. For the latest quarter, Morningstar Inc reported the revenue of 455.10M USD for the period ending 2026-06-30, which came from the top-performing segment, License-based. United States contributed the highest revenue, at 479.10M USD.

By Business

Revenue

Proportion

Annual

Annual

Quarterly

License-based

Transaction-based

Asset-based

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

License-based

1.72B(70.30%)

1.63B(71.43%)

1.52B(74.44%)

1.33B(71.19%)

1.13B(66.60%)

934.90M(67.28%)

812.70M(68.93%)

751.60M(73.69%)

Transaction-based

383.30M(15.67%)

316.80M(13.92%)

241.50M(11.85%)

269.50M(14.41%)

302.70M(17.81%)

230.80M(16.61%)

154.70M(13.12%)

67.90M(6.66%)

Asset-based

343.00M(14.03%)

333.20M(14.65%)

279.60M(13.72%)

269.40M(14.40%)

264.90M(15.59%)

223.80M(16.11%)

211.60M(17.95%)

200.40M(19.65%)

By Region

Revenue

Proportion

Annual

Annual

Quarterly

United States

Continental Europe

United Kingdom

Canada

Australia

Asia

Other Foreign

Non - U.S

Japan

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

United States

1.75B(71.76%)

1.64B(72.03%)

1.47B(72.14%)

1.35B(72.38%)

1.18B(69.69%)

970.80M(69.87%)

866.40M(73.49%)

764.20M(74.93%)

687.00M(75.35%)

590.50M(73.94%)

585.10M(74.18%)

550.74M(72.46%)

500.73M(71.71%)

466.95M(70.93%)

446.47M(70.71%)

Continental Europe

219.60M(8.98%)

203.80M(8.96%)

185.50M(9.10%)

162.90M(8.71%)

159.10M(9.36%)

113.80M(8.19%)

88.00M(7.46%)

81.20M(7.96%)

69.90M(7.67%)

62.60M(7.84%)

58.80M(7.45%)

62.68M(8.25%)

57.58M(8.25%)

49.84M(7.57%)

49.51M(7.84%)

United Kingdom

189.80M(7.76%)

167.40M(7.36%)

148.00M(7.26%)

133.60M(7.14%)

135.70M(7.99%)

117.50M(8.46%)

93.90M(7.96%)

72.40M(7.10%)

64.70M(7.10%)

61.10M(7.65%)

64.20M(8.14%)

61.84M(8.14%)

56.30M(8.06%)

56.79M(8.63%)

53.43M(8.46%)

Canada

154.90M(6.33%)

140.40M(6.17%)

116.30M(5.70%)

109.80M(5.87%)

112.90M(6.64%)

101.50M(7.30%)

56.90M(4.83%)

30.70M(3.01%)

29.40M(3.22%)

28.20M(3.53%)

27.90M(3.54%)

30.79M(4.05%)

31.84M(4.56%)

30.66M(4.66%)

27.81M(4.40%)

Australia

65.30M(2.67%)

62.40M(2.74%)

58.40M(2.86%)

55.80M(2.98%)

56.90M(3.35%)

45.60M(3.28%)

39.50M(3.35%)

40.90M(4.01%)

34.60M(3.80%)

32.20M(4.03%)

30.50M(3.87%)

34.98M(4.60%)

35.29M(5.05%)

38.23M(5.81%)

39.76M(6.30%)

Asia

48.00M(1.96%)

49.60M(2.18%)

49.30M(2.42%)

44.80M(2.39%)

41.10M(2.42%)

33.60M(2.42%)

27.90M(2.37%)

24.50M(2.40%)

21.20M(2.33%)

20.00M(2.50%)

18.50M(2.35%)

15.83M(2.08%)

13.86M(1.98%)

9.93M(1.51%)

9.24M(1.46%)

Other Foreign

13.00M(0.53%)

--(--)

Non - U.S

--(--)

12.70M(0.56%)

10.50M(0.52%)

9.80M(0.52%)

9.30M(0.55%)

6.70M(0.48%)

6.40M(0.54%)

6.00M(0.59%)

4.90M(0.54%)

4.00M(0.50%)

3.80M(0.48%)

--(--)

2.04M(0.31%)

1.24M(0.20%)

Japan

--(--)

3.21M(0.42%)

2.66M(0.38%)

3.83M(0.58%)

3.95M(0.63%)