Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investme… Read full Trend Edge analysis →
Sector: Financial Services
Industry: Financial Data & Stock Exchanges
Exchange: NASDAQ
IPO Date: May 3, 2005
Headquarters: 22 West Washington Street, Chicago, IL, United States, 60602
Founder-Led: Yes — Joe Mansueto (Executive Chairman)
Key Metrics
Current Price
$217.50
Market Cap
$8.16B
Float
18.9M
Shares Outstanding
37.5M
P/E (Forward)
16.29
P/E (TTM)
20.69
Price/Sales (TTM)
3.18
vs. Analyst Target
+8.8% to analyst PT
Profit Margin
16.43%
Operating Margin (TTM)
24.22%
Revenue (TTM)
$2.57B
Earnings Growth (YoY)
35.40%
Dividend Rate
2.0%
Analyst Target Price
$236.67 (3 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$1.39B
$224M
$833M
$434M
2021
$1.70B
$193M
$1.00B
$410M
2022
$1.87B
$70.5M
$1.09B
$326M
2023
$2.04B
$141M
$1.20B
$418M
2024
$2.28B
$370M
$1.38B
$732M
2025
$2.45B
$374M
$1.49B
$729M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Sep 2025
$617M
$91.6M
Dec 2025
$641M
$115M
Mar 2026
$645M
$107M
Jun 2026
$663M
$108M
Ownership & Float
Insider Ownership
49.7%
Institutional Ownership
66.5%
Short Float
7.7%
% of All Funds Holding
4.73%
Number of Funds Holding
416
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$186.50
Near-term / short-term trend
Weekly
40-Week SMA
$186.79
Medium-term trend
Weekly
80-Week SMA
$229.18
Cyclical trend (business cycle)
Weekly
200-Week SMA
$252.99
Secular trend (multi-year)
Monthly
10-Month SMA
$190.33
Near-term monthly trend
Monthly
20-Month SMA
$236.79
Medium-term monthly trend
Monthly
40-Month SMA
$259.48
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$232.00
resistance
1.52x
9 months ago
$261.00
resistance
1.97x
10 months ago
$312.00
resistance
1.82x
12 months ago
Historical Earnings Reactions (86 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-0.24%
0.03%
51.16%
2.86%
-7.37%
1 Day
-0.17%
-0.32%
41.86%
5.23%
-10.07%
1 Week
-0.98%
-1.04%
41.86%
11.06%
-15.09%
2 Weeks
-0.93%
-1.17%
40.70%
18.38%
-20.83%
1 Month
0.87%
-0.31%
47.06%
31.50%
-27.41%
Next earnings: October 17, 2026 (53 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
0.3%
47.6%
21
Feb
-0.1%
47.6%
21
Mar
0.5%
52.4%
21
Apr
0.8%
33.3%
21
May
2.7%
66.7%
21
Jun
1.3%
59.1%
22
Jul
3.3%
68.2%
22
Aug
1.3%
57.1%
21
Sep
-1.7%
47.6%
21
Oct
3.2%
76.2%
21
Nov
2.1%
66.7%
21
Dec
0.9%
52.4%
21
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.05%
48.1%
1003
Tuesday
0.04%
49.6%
1100
Wednesday
0.10%
50.7%
1101
Thursday
0.12%
50.4%
1080
Friday
0.10%
52.5%
1075
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 66.5%
Insider Transactions — Smart Summary
Total insider ownership: 49.7%
Founder-led management: Joe Mansueto (Executive Chairman)
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