Morningstar Inc
MORN215.410USD
+6.480+3.10%
Close 12/19, 16:00（ET）Quotes delayed by 15 min
8.94BMarket Cap
24.36P/E TTM
More Details of Morningstar Inc Company
Morningstar, Inc. is a provider of independent investment insights in North America, Europe, Australia, and Asia. Its segments include Morningstar Data and Analytics, PitchBook, Morningstar Wealth, Morningstar Credit, and Morningstar Retirement. The Morningstar Data and Analytics segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. The PitchBook segment provides investors with access to a broad collection of data and research covering the private capital markets. Morningstar Wealth segment brings together its model portfolios and wealth platform; practice and portfolio management software for registered investment advisers; data aggregation and enrichment capabilities; and others. Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals.
Morningstar Inc Info
Ticker SymbolMORN
Company nameMorningstar Inc
IPO dateMay 03, 2005
CEOKapoor (Kunal)
Number of employees11085
Security typeOrdinary Share
Fiscal year-endMay 03
Address22 West Washington Street
CityCHICAGO
Stock exchangeNASDAQ OMX - NASDAQ BASIC
CountryUnited States of America
Postal code60602
Phone13126966000
Websitehttps://www.morningstar.com/
Ticker SymbolMORN
IPO dateMay 03, 2005
CEOKapoor (Kunal)
Company Executives of Morningstar Inc
Name
Name/Position
Position
Shareholding
Change
Mr. Kunal Kapoor
Mr. Kunal Kapoor
Chief Executive Officer, Director
Chief Executive Officer, Director
126.56K
+0.82%
Dr. Steven N. (Steve) Kaplan, Ph.D.
Dr. Steven N. (Steve) Kaplan, Ph.D.
Independent Director
Independent Director
40.49K
+1.56%
Ms. Cheryl A. Francis
Ms. Cheryl A. Francis
Independent Director
Independent Director
34.34K
+1.84%
Mr. William M. (Bill) Lyons, J.D.
Mr. William M. (Bill) Lyons, J.D.
Independent Director
Independent Director
11.65K
+5.62%
Ms. Robin Diamonte
Ms. Robin Diamonte
Independent Director
Independent Director
8.75K
+7.63%
Mr. Stephen (Steve) Joynt
Mr. Stephen (Steve) Joynt
Independent Director
Independent Director
3.69K
+20.18%
Ms. Caroline J. Tsay
Ms. Caroline J. Tsay
Independent Director
Independent Director
2.82K
+17.51%
Ms. Gail Landis
Ms. Gail Landis
Independent Director
Independent Director
--
--
Mr. Joe Mansueto
Mr. Joe Mansueto
Executive Chairman of the Board
Executive Chairman of the Board
--
--
Mr. Conan Wiersema
Mr. Conan Wiersema
Principal Accounting Officer
Principal Accounting Officer
--
--
View more
Name
Name/Position
Position
Shareholding
Change
Mr. Kunal Kapoor
Mr. Kunal Kapoor
Chief Executive Officer, Director
Chief Executive Officer, Director
126.56K
+0.82%
Dr. Steven N. (Steve) Kaplan, Ph.D.
Dr. Steven N. (Steve) Kaplan, Ph.D.
Independent Director
Independent Director
40.49K
+1.56%
Ms. Cheryl A. Francis
Ms. Cheryl A. Francis
Independent Director
Independent Director
34.34K
+1.84%
Mr. William M. (Bill) Lyons, J.D.
Mr. William M. (Bill) Lyons, J.D.
Independent Director
Independent Director
11.65K
+5.62%
Ms. Robin Diamonte
Ms. Robin Diamonte
Independent Director
Independent Director
8.75K
+7.63%
Mr. Stephen (Steve) Joynt
Mr. Stephen (Steve) Joynt
Independent Director
Independent Director
3.69K
+20.18%
Revenue Breakdown
Currency: USDUpdated: Mon, Oct 6
Currency: USDUpdated: Mon, Oct 6
FY2025Q2
FY2025Q1
FY2024
FY2024Q4
FY2024Q3
FY2024Q2
FY2024Q1
FY2023
FY2023Q4
FY2023Q3
FY2023Q2
FY2023Q1
FY2022
FY2022Q4
FY2022Q3
FY2022Q2
FY2022Q1
FY2021
FY2020
FY2019
FY2018
By BusinessUSD
Name
Revenue
Proportion
License-based
428.40M
70.80%
Transaction-based
94.30M
15.58%
Asset-based
82.40M
13.62%
By RegionUSD
Name
Revenue
Proportion
United States
431.60M
71.33%
Continental Europe
55.00M
9.09%
United Kingdom
48.20M
7.97%
Canada
38.60M
6.38%
Australia
16.20M
2.68%
Other
15.50M
2.56%
By Business
By Region
By BusinessUSD
Name
Revenue
Proportion
License-based
428.40M
70.80%
Transaction-based
94.30M
15.58%
Asset-based
82.40M
13.62%
Shareholding Stats
Updated: Sun, Nov 16
Updated: Sun, Nov 16
Shareholders
Shareholder Types
Shareholders
Shareholders
Proportion
Mansueto (Joseph D)
36.25%
Mansueto (Daniel)
8.32%
The Vanguard Group, Inc.
6.33%
BlackRock Institutional Trust Company, N.A.
5.19%
Select Equity Group, L.P.
5.11%
Other
38.79%
Shareholders
Shareholders
Proportion
Mansueto (Joseph D)
36.25%
Mansueto (Daniel)
8.32%
The Vanguard Group, Inc.
6.33%
BlackRock Institutional Trust Company, N.A.
5.19%
Select Equity Group, L.P.
5.11%
Other
38.79%
Shareholder Types
Shareholders
Proportion
Individual Investor
45.22%
Investment Advisor
30.24%
Investment Advisor/Hedge Fund
23.70%
Hedge Fund
5.33%
Research Firm
1.14%
Pension Fund
1.02%
Sovereign Wealth Fund
0.77%
Bank and Trust
0.41%
Family Office
0.05%
Institutional Shareholding
Updated: Wed, Oct 1
Updated: Wed, Oct 1
Reporting Period
No. of institutions
Shares Held
Proportion
Change
2025Q3
840
25.62M
62.30%
-457.63K
2025Q2
832
44.53M
105.52%
+443.64K
2025Q1
838
44.97M
105.97%
-3.02K
2024Q4
798
45.39M
105.93%
-28.29K
2024Q3
762
43.31M
101.10%
-2.17M
2024Q2
752
43.36M
101.43%
-2.27M
2024Q1
743
43.39M
101.49%
-1.97M
2023Q4
721
43.08M
100.90%
-3.67M
2023Q3
708
45.47M
106.63%
+2.75M
2023Q2
679
43.81M
102.97%
+1.66M
View more
Shareholder Activity
Name
Shares Held
Proportion
Change
Chg %
Date
Mansueto (Joseph D)
15.02M
35.62%
-100.00K
-0.66%
Aug 27, 2025
Mansueto (Daniel)
2.39M
5.67%
+2.39M
--
Dec 04, 2024
The Vanguard Group, Inc.
2.63M
6.23%
-26.66K
-1.00%
Jun 30, 2025
BlackRock Institutional Trust Company, N.A.
2.26M
5.36%
-175.14K
-7.19%
Jun 30, 2025
Select Equity Group, L.P.
1.11M
2.64%
-59.27K
-5.05%
Jun 30, 2025
Atlanta Capital Management Company, L.L.C.
1.89M
4.47%
-25.23K
-1.32%
Jun 30, 2025
Baron Capital Management, Inc.
1.30M
3.07%
-4.18K
-0.32%
Jun 30, 2025
Kayne Anderson Rudnick Investment Management, LLC
848.57K
2.01%
-61.59K
-6.77%
Jun 30, 2025
State Street Investment Management (US)
784.17K
1.86%
-65.83K
-7.74%
Jun 30, 2025
Geode Capital Management, L.L.C.
626.94K
1.49%
+11.41K
+1.85%
Jun 30, 2025
View more
Related ETFs
Updated: Sat, Dec 6
Updated: Sat, Dec 6
Name
Proportion
Congress SMid Growth ETF
1.42%
Motley Fool Mid-Cap Growth ETF
1.41%
SPDR S&P Capital Markets ETF
1.4%
First Trust Small Cap US Equity Select ETF
1.02%
First Trust Mid Cap US Equity Select ETF
1%
Invesco S&P MidCap Low Volatility ETF
0.88%
Invesco S&P MidCap Quality ETF
0.85%
Pacer Lunt MidCap Multi-Factor Alternator ETF
0.85%
First Trust Financials AlphaDEX Fund
0.57%
First Trust Horizon Managed Vol Small/Mid ETF
0.57%
View more
Congress SMid Growth ETF
Proportion1.42%
Motley Fool Mid-Cap Growth ETF
Proportion1.41%
SPDR S&P Capital Markets ETF
Proportion1.4%
First Trust Small Cap US Equity Select ETF
Proportion1.02%
First Trust Mid Cap US Equity Select ETF
Proportion1%
Invesco S&P MidCap Low Volatility ETF
Proportion0.88%
Invesco S&P MidCap Quality ETF
Proportion0.85%
Pacer Lunt MidCap Multi-Factor Alternator ETF
Proportion0.85%
First Trust Financials AlphaDEX Fund
Proportion0.57%
First Trust Horizon Managed Vol Small/Mid ETF
Proportion0.57%
Dividend
A total of
300.30M
USD has been distributed in dividends over the past 5 years.
Date
Dividend
Record Date
Payment Date
Ex-dividend Date
Dec 05, 2025
MORN.NB Final Cash Dividend of gross USD 0.5 paid on Jan 30, 2026 going ex on Jan 02, 2026
Jan 02, 2026
Jan 30, 2026
Jan 02, 2026
Dec 06, 2024
MORN.NB Interim Cash Dividend of gross USD 0.455 paid on Jul 31, 2025 going ex on Jul 11, 2025
Jul 11, 2025
Jul 31, 2025
Jul 11, 2025
Dec 06, 2024
MORN.NB Interim Cash Dividend of gross USD 0.455 paid on Apr 30, 2025 going ex on Apr 04, 2025
Apr 04, 2025
Apr 30, 2025
Apr 04, 2025
Dec 06, 2024
MORN.NB Interim Cash Dividend of gross USD 0.455 paid on Oct 31, 2025 going ex on Oct 03, 2025
Oct 03, 2025
Oct 31, 2025
Oct 03, 2025
Dec 06, 2024
MORN.NB Final Cash Dividend of gross USD 0.455 paid on Jan 31, 2025 going ex on Jan 03, 2025
Jan 03, 2025
Jan 31, 2025
Jan 03, 2025
Dec 01, 2023
MORN.NB Interim Cash Dividend of gross USD 0.405 paid on Oct 31, 2024 going ex on Oct 04, 2024
Oct 04, 2024
Oct 31, 2024
Oct 04, 2024
Dec 01, 2023
MORN.NB Interim Cash Dividend of gross USD 0.405 paid on Jul 31, 2024 going ex on Jul 12, 2024
Jul 12, 2024
Jul 31, 2024
Jul 12, 2024
Dec 01, 2023
MORN.NB Interim Cash Dividend of gross USD 0.405 paid on Apr 30, 2024 going ex on Apr 04, 2024
Apr 05, 2024
Apr 30, 2024
Apr 04, 2024
Dec 01, 2023
MORN.NB Final Cash Dividend of gross USD 0.405 paid on Jan 31, 2024 going ex on Jan 04, 2024
Jan 05, 2024
Jan 31, 2024
Jan 04, 2024
Dec 06, 2022
MORN.NB Interim Cash Dividend of gross USD 0.375 paid on Jul 31, 2023 going ex on Jul 06, 2023
Jul 07, 2023
Jul 31, 2023
Jul 06, 2023
View more
Stock Split
Date
Type
Ratio
No Data
Date
Type
Ratio
No Data
FAQs
Who are the top five shareholders of Morningstar Inc?
The top five shareholders of Morningstar Inc are:
Mansueto (Joseph D) holds 15.02M shares, accounting for 35.62% of the total shares.
Mansueto (Daniel) holds 2.39M shares, accounting for 5.67% of the total shares.
The Vanguard Group, Inc. holds 2.63M shares, accounting for 6.23% of the total shares.
BlackRock Institutional Trust Company, N.A. holds 2.26M shares, accounting for 5.36% of the total shares.
Select Equity Group, L.P. holds 1.11M shares, accounting for 2.64% of the total shares.
Mansueto (Joseph D) holds 15.02M shares, accounting for 35.62% of the total shares.
Mansueto (Daniel) holds 2.39M shares, accounting for 5.67% of the total shares.
The Vanguard Group, Inc. holds 2.63M shares, accounting for 6.23% of the total shares.
BlackRock Institutional Trust Company, N.A. holds 2.26M shares, accounting for 5.36% of the total shares.
Select Equity Group, L.P. holds 1.11M shares, accounting for 2.64% of the total shares.
What are the top three shareholder types of Morningstar Inc?
The top three shareholder types of Morningstar Inc are:
Mansueto (Joseph D)
Mansueto (Daniel)
The Vanguard Group, Inc.
Mansueto (Joseph D)
Mansueto (Daniel)
The Vanguard Group, Inc.
How many institutions hold shares of Morningstar Inc (MORN)?
As of 2025Q3, 840 institutions hold shares of Morningstar Inc, with a combined market value of approximately 25.62M, accounting for 62.30% of the total shares. Compared to 2025Q2, institutional shareholding has increased by -43.22%.
What is the biggest source of revenue for Morningstar Inc?
In FY2025Q2, the License-based business generated the highest revenue for Morningstar Inc, amounting to 428.40M and accounting for 70.80% of total revenue.
