| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 617,400 | 605,100 | 581,900 | 569,400 |
| Cost of revenue | 241,700 | 230,600 | 231,400 | 222,700 |
| Sales and marketing | 115,500 | 119,700 | 112,600 | 107,900 |
| General and administrative | 85,900 | 82,000 | 76,500 | 77,600 |
| Depreciation and amortization | 47,000 | 48,500 | 47,300 | 45,700 |
| Total operating expense | 490,100 | 480,800 | 467,800 | 453,900 |
| Other operating income | 500 | 800 | - | - |
| Operating income | 127,800 | 125,100 | 114,100 | 115,500 |
| Net realized gains on sale of investments, reclassified from other comprehensive income | - | 1,900 | 300 | 500 |
| Interest expense, net | -7,000 | -7,400 | -5,400 | -8,900 |
| Gain on sale of business | 0 | - | - | 45,300 |
| Other income (expense), net | 2,300 | -3,100 | -500 | -500 |
| Non-operating income (expense), net | -4,700 | -8,600 | -5,600 | 36,400 |
| Income before income taxes and equity in investments of unconsolidated entities | 123,100 | 116,500 | 108,500 | 151,900 |
| Equity in investments of unconsolidated entities | -100 | -1,200 | -2,600 | -2,600 |
| Income tax expense | 31,400 | 26,300 | 27,400 | 29,600 |
| Consolidated net income | 91,600 | 89,000 | 78,500 | 119,700 |
| Basic (in dollars per share) | 2.18 | 2.11 | 1.83 | 2.79 |
| Basic (in shares) | 42,100,000 | 42,200,000 | 42,800,000 | 42,900,000 |
| Diluted (in dollars per share) | 2.17 | 2.09 | 1.82 | 2.77 |
| Diluted (in shares) | 42,300,000 | 42,500,000 | 43,100,000 | 43,200,000 |
Morningstar, Inc. (MORN)
Morningstar, Inc. (MORN)