Every 8-K that Morningstar, Inc. (MORN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MORN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MORN filings page.
Morningstar, Inc. (MORN) furnished an investor Q&A addressing strategy, AI, pricing, capital allocation, and segment trends. Management explains how Model Context Protocol (MCP) connectors and AI-native tools are being integrated into platforms like Morningstar Direct and PitchBook, while preserving licensing relationships and exploring value- and consumption-based pricing models alongside traditional seat-based licenses.
The Q&A notes modest year-over-year compression in adjusted operating income margins in Q2 2026 for Direct Platform (45.2% vs. 46.0%) and PitchBook (30.3% vs. 31.7%) driven by ongoing investment, and details product sunsetting headwinds, including a $5.8 million negative organic revenue impact in Morningstar Wealth and $1.7 million in Morningstar Sustainalytics. Morningstar highlights continued AI and data investments, a capital allocation focus that has reduced shares outstanding by 5.6% year-to-date through June 2026, and more than 600 credit rating analysts and support staff in Morningstar Credit. Management reiterates its long-term focus on balancing platform, data, and connector monetization and assessing reportable segment structure under ASC 280.
Morningstar, Inc. reported strong second-quarter 2026 results, with revenue of $663.2 million, up 9.6% year over year and 6.8% on an organic basis; excluding product sunsets, organic growth would have been 8.2%. Operating income rose to $160.6 million, up 28.4%, and adjusted operating income reached $175.9 million, up 22.7%, lifting operating and adjusted operating margins to 24.2% and 26.5%, respectively.
Diluted EPS increased to $2.83, up 35.4%, while adjusted diluted EPS was $3.10, up 29.2%. Cash generation was notably stronger, with free cash flow of $122.5 million, up 96.3%. Morningstar Credit and Retirement delivered the fastest growth, with Credit revenue up 23.4% to $104.9 million and Retirement revenue up 17.0% to $37.9 million, both with expanding margins. Morningstar Wealth’s revenue declined 6.2% to $60.3 million, but adjusted margin improved to 13.1%.
Morningstar continued to invest in AI-enabled workflows and in its Indexes business, including integrating the CRSP acquisition, while returning capital via $100.0 million of share repurchases in the quarter and $400.0 million year to date. Total debt stood at $1.7 billion and cash, cash equivalents, and investments at $523.8 million as of June 30, 2026.
Morningstar, Inc. furnished an investor Q&A as part of a Regulation FD current report, giving more detail on how clients use its data, ratings, and platforms. The Q&A explains that Morningstar ratings and research are widely used in due diligence and can influence fund flows, supported by prior research on star ratings and the analyst-driven Medalist Rating.
Morningstar describes Essentials as usually part of a broader relationship in which asset managers also license additional managed investment or equity data and tools like Morningstar Direct. The Q&A highlights PitchBook’s client mix by segment and notes encouraging adoption of Model Context Protocol (MCP) connectors, with 17% of PitchBook client accounts accessing the connector in early 2026 and hundreds of Morningstar Direct clients doing the same. The MCP connectors are positioned as a strategically important distribution channel into AI workflows while preserving subscription-based access to premium content.
Morningstar, Inc. announced that its board of directors has declared a quarterly cash dividend of 50 cents per share. The dividend is payable on July 31, 2026, to shareholders of record as of July 10, 2026, and is consistent with the dividend paid in April.
Morningstar describes itself as a leading provider of independent investment insights serving investors and institutions globally, with approximately $370 billion in assets under management and advisement as of March 31, 2026.
Morningstar, Inc. furnished an investor Q&A that explains recent strategic, data, and financial topics. The company highlights its PitchBook integration with Perplexity, which lets paid Perplexity users with PitchBook subscriptions pull extensive private‑markets data into AI workflows, while non‑subscribers see only limited basic data.
The Q&A outlines CRSP’s index and data licensing business model, Morningstar’s data sourcing and cleaning processes, and how it gathers information on SMAs, CITs, and model portfolios. It also clarifies 2025 incentive targets and reports 2025 adjusted operating income of $582.9 million on revenue of $2.4 billion, up 7.5% (8.0% organic) versus 2024. Morningstar explains its remaining performance obligations, which rose from $1.489 billion as of March 31, 2025 to about $1.7 billion as of March 31, 2026.
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. 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. furnished an Investor Q&A that explains its strategy, risk factors, and governance ahead of the 2026 Annual Shareholders’ Meeting. The company emphasizes a long-term competitive moat built on large human‑curated datasets, analyst research, proprietary ratings frameworks, and software platforms increasingly enhanced with AI tools.
The Q&A notes diversified revenue streams, with Morningstar Retirement, Morningstar Credit, and Morningstar Wealth together providing roughly one third of 2025 revenue and adjusted operating income, growing revenue 7.4% versus 2024. Morningstar Credit’s 2025 revenue mix was 61% structured finance, 33% corporate and fundamental ratings, and 6% licensed data, with unpublished private ratings roughly one quarter of ratings revenue.
The company discusses margin and expense trends tied to an office‑focused culture with four in‑office days weekly, describes disciplined PitchBook pricing and growth driven by platform and direct data products, and highlights that senior leaders hold meaningful equity, with infrequent open‑market sales and a disclosed purchase of 1,000 shares by the CFO in early March.
Morningstar, Inc. announced that its board of directors has declared a quarterly cash dividend of 50 cents per share, the same level as the dividend paid in January. The dividend will be paid on April 30, 2026 to shareholders of record as of April 3, 2026.
Morningstar describes itself as a leading provider of independent investment insights with approximately $378 billion in assets under management and advisement as of December 31, 2025, operating through wholly-owned subsidiaries in 32 countries.
Morningstar, Inc. reported fourth-quarter 2025 revenue of $641.1 million, up 8.5%, with organic revenue up 8.1%. Operating income fell 5.1% to $159.6 million because last year included a larger one-time gain, but adjusted operating income rose 26.1% to $153.5 million and adjusted margin improved to 23.9%.
For full-year 2025, revenue grew 7.5% to $2.45 billion and adjusted diluted EPS increased 25.0% to $9.86. Free cash flow was $442.6 million. The company repurchased $787.0 million of stock, reducing diluted shares, and ended the year with $589.7 million of operating cash flow and $1.07 billion of debt after refinancing its credit facilities and funding the CRSP acquisition.
Morningstar, Inc. (MORN) filed a Form 8-K to share an updated Investor Q&A with the market. The company is furnishing, rather than filing, investor questions received through November 5, 2025, and its responses as Exhibit 99.1, meaning this information is provided for transparency but is not incorporated into its formal financial statements.
The filing is accompanied by an extensive forward-looking statements disclaimer. Morningstar highlights a wide range of business risks, including completing the Center for Research in Security Prices (CRSP) acquisition, protecting its brand and independence, cybersecurity and data protection, impacts of changing economic conditions and interest rates, regulatory and compliance risks, the effects of artificial intelligence on its products, execution of strategic transactions, indebtedness and rising interest rates, tax complexity, ESG-related liabilities, and the need to retain talent and maintain client relationships.
Morningstar, Inc. furnished an Investor Q&A under Item 7.01 (Regulation FD) as Exhibit 99.1. The Q&A compiles investor questions received primarily through September 30, 2025 and the company’s responses. It is expressly deemed furnished, not filed, and references to the company’s website are not incorporated by reference.
The filing includes a forward‑looking statements caution. Listed uncertainties span execution and integration risks related to the CRSP acquisition, brand and reputation, cybersecurity and data protection, macroeconomic and interest‑rate volatility affecting asset‑based businesses, compliance and regulatory changes, product innovation, potential impacts and legal considerations of AI technologies, product performance errors, talent retention, scaling and cost management, operational resilience, transaction outcomes, indebtedness and interest costs, ESG‑related liabilities, third‑party dependencies, insurance adequacy, tax complexities, vendor consolidation, renewal and new business dynamics, and protection of intellectual property.
Morningstar, Inc. entered a new multi-currency credit agreement providing up to $1.5 billion in borrowing capacity. The facility includes a five-year $750.0 million revolving credit facility, a five-year delayed draw term facility of up to $375.0 million (A-1), and a three-year $375.0 million term facility (A-2). It replaces the company’s May 2022 credit agreement.
As of October 31, 2025, $170.0 million was outstanding under the revolver, representing a rollover from the prior facility. Borrowings may be used to refinance existing debt, pay fees and expenses related to the facility, and for other lawful corporate purposes. Interest is based on SOFR, SONIA, EURIBOR, Term CORRA, or BBSY plus a margin of 1.05%–1.425% tied to the consolidated net leverage ratio.
Covenants include a maximum consolidated net leverage ratio of 3.50x (stepping to 4.00x for four quarters after a Material Acquisition) and a minimum consolidated interest coverage ratio of 3.00x. Certain subsidiaries guarantee the obligations, and dividend payments are restricted.
Morningstar, Inc. furnished its quarterly materials and announced a new share repurchase authorization. The company issued an Earnings Release for the quarter ended September 30, 2025 and a Supplemental Presentation, and published a Shareholder Letter; each is furnished as Exhibits 99.1, 99.2, and 99.3.
The Board approved termination of the prior three-year $500 million repurchase program, under which repurchases were completed in October 2025, and authorized a new three-year program to repurchase up to $1 billion of common stock, effective October 31, 2025.
Morningstar, Inc. announced a leadership transition in its revenue organization. Chief Revenue Officer Daniel Dunn informed the company on October 8, 2025 that he will depart to pursue another opportunity, effective November 21, 2025. Julie Willoughby, currently Head of Global Sales, will replace Mr. Dunn effective November 21, 2025. Willoughby brings over 25 years of experience at the company in client-facing and sales roles.
Morningstar, Inc. filed an 8-K reporting a material event and included a broad cautionary statement of forward-looking risks. The disclosure lists specific business and operational risks that could affect future results, including the failure to consummate the CRSP transaction, cybersecurity and data protection failures, regulatory or compliance actions, challenges in recruiting and retaining talent, potential defects in products or automated advisory tools, acquisition and divestiture execution risk, rising interest rates and indebtedness pressure, and risks from artificial intelligence integration. The filing refers readers to its SEC reports for a fuller description and notes Item 9.01 exhibits were included.
Morningstar, Inc. reported that it has entered into a definitive agreement to acquire the Center for Research in Security Prices, LLC, a subsidiary of the University of Chicago, for $375.0 million. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the fourth quarter of 2025.
The company disclosed this transaction under a Regulation FD disclosure, and attached the related press release as an exhibit, highlighting the planned expansion of its capabilities through this acquisition once completed.
Morningstar, Inc. announced that its Board of Directors has approved a regular quarterly cash dividend of 45.5 cents per share. The dividend will be paid on October 31, 2025 to shareholders who are on record as of October 3, 2025. This payment continues Morningstar’s practice of returning cash to shareholders through recurring dividends.
Morningstar, Inc. furnished an Investor Q&A covering investor questions received through July 31, 2025 and attached it as Exhibit 99.1 to this Form 8-K; the Q&A is furnished, not filed, and website materials referenced are not incorporated by reference. The company also disclosed that James Rhodes, President of Direct Platform, will leave on Sept. 12, 2025. Frannie Besztery, Chief Operating Officer of Direct Platform, will serve as interim head until a permanent successor is appointed. The 8-K focuses on Reg FD disclosure and a leadership transition in the Direct Platform business.
Morningstar, Inc. (NASDAQ: MORN) filed a Form 8-K dated June 27, 2025. The sole purpose of the filing is to furnish—rather than file—an Investor Q&A (Exhibit 99.1) that consolidates questions received through May 31, 2025 and Morningstar’s responses. The disclosure is made under Item 7.01 (Regulation FD), indicating management’s intent to provide equal access to information for all investors.
No new financial results, guidance, dividends, or strategic transactions are announced. The company reiterates a broad set of forward-looking-statement disclaimers, referencing numerous business, regulatory, technological and macroeconomic risks already detailed in prior 10-K and 10-Q filings. Exhibit 104 delivers the Inline XBRL cover page as required.
Key takeaway: This is a routine compliance communication; it supplies additional color via the Q&A but introduces no quantified metrics or material events likely to affect valuation in the near term.
Morningstar, Inc. (MORN) filed a Form 8-K on June 20, 2025 announcing that its Board of Directors has approved a quarterly cash dividend of $0.455 per share. The dividend will be paid on July 31, 2025 to shareholders of record at the close of business on July 11, 2025. A press release detailing the dividend is included as Exhibit 99.1. No additional financial data, strategic initiatives, or other material events were disclosed in this filing.