Welcome to our dedicated page for Morningstar SEC filings (Ticker: MORN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Morningstar, Inc. (NASDAQ: MORN) SEC filings page on Stock Titan provides access to the company’s official regulatory documents as filed with the U.S. Securities and Exchange Commission. These filings offer detailed insight into Morningstar’s financial condition, risk factors, capital structure, governance changes, and material corporate events, complementing its role as a provider of independent investment insights.
Recent 8-K filings illustrate how Morningstar uses SEC reports to disclose significant developments. Examples include announcements of quarterly and annual financial results, investor question-and-answer materials, changes in executive leadership, dividend declarations, and share repurchase authorizations. An 8-K dated October 31, 2025, describes a new multi-currency Credit Agreement with a revolving credit facility and term loans, including covenants related to consolidated net leverage and interest coverage ratios and guarantees by key subsidiaries.
Other 8-K filings report on the board’s approval of a new three-year share repurchase program, quarterly cash dividends, and a definitive agreement to acquire the Center for Research in Security Prices, LLC, subject to customary closing conditions and regulatory approvals. Additional filings provide Regulation FD disclosures, such as investor Q&A documents and shareholder letters, which are furnished to ensure broad access to information.
On Stock Titan, Morningstar’s filings are updated as they become available from EDGAR. Users can review 8-K current reports for material events, along with other core filings such as annual reports on Form 10-K and quarterly reports on Form 10-Q when they are filed. These documents typically contain discussions of Morningstar’s business segments, risk factors, management’s analysis, and notes on items such as indebtedness, dividend policy, and capital allocation.
AI-powered tools on Stock Titan help interpret lengthy filings by summarizing key sections, highlighting important terms, and surfacing items related to topics such as leverage, liquidity, governance, and risk disclosures. Investors can also use the filings page to track board and executive changes, dividend announcements, credit facility updates, acquisitions, and other events that Morningstar reports through the SEC.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of 14,500 shares of Morningstar common stock. The sales occurred on February 24 and 25, 2026, across multiple trades, with individual transactions such as 1,395 shares at $162.3243 and 3,650 shares at $164.7189.
According to a footnote, these sales were effected under a Rule 10b5-1 trading plan adopted on November 15, 2024. After the reported sales, Mansueto directly owned 8,155,854 shares. He also indirectly held 6,282,935 shares in grantor retained annuity trusts for himself and his children and 150,000 shares in trusts for his children.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of a total of 13,858 shares of Morningstar common stock on February 19–20, 2026. The trades, all coded "S," were executed at weighted average prices around $161–$162 per share under a Rule 10b5-1 trading plan adopted on November 15, 2024.
After these sales, his reported direct ownership stood at 8,170,354 shares. The filing also notes indirect holdings of 6,282,935 shares in grantor retained annuity trusts for his and his children’s benefit, where he serves as trustee, and 150,000 shares in trusts for his children where his spouse is trustee.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto reported open-market sales of 14,041 shares of Morningstar common stock in mid-February. The transactions were executed on February 17 and 18, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024.
The reported sales were broken into multiple trades, with weighted-average prices generally between approximately $157 and $163 per share, as detailed in the filing footnotes. All reported transactions involve non-derivative common stock and are classified as open-market sales.
Morningstar, Inc. Executive Chairman Joseph D. Mansueto, a director and more than 10% owner, reported open-market sales of 14,189 shares of common stock on February 12–13, 2026, executed under a pre-arranged Rule 10b5-1 trading plan.
The weighted average sale prices ranged from $154.3500 to $160.1250 across multiple trades. Following these transactions, Mansueto directly holds 8,198,253 Morningstar shares, with additional indirect holdings of 6,282,935 shares in grantor retained annuity trusts and 150,000 shares in trusts for his children.
Morningstar, Inc. outlines its diversified 2025 business across data, research, software, indexes, credit ratings, wealth and retirement solutions, all aimed at empowering investor success. The company reported approximately $378.0 billion in assets under management and advisement across Morningstar Wealth and Morningstar Retirement as of December 31, 2025.
Key franchises include Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, Morningstar Retirement, Sustainalytics and Morningstar Indexes. Renewal rates remained strong in core data and software, with Morningstar Data at 101%, Morningstar Direct at 104%, PitchBook at 103%, and Sustainalytics license-based products at 93% in 2025.
Asset-based revenue represented 14.0% of consolidated 2025 revenue, license-based 70.3%, and transaction-based 15.7%. Morningstar Retirement AUMA was $305.2 billion and Investment Management AUMA $72.8 billion as of December 31, 2025. The firm employed 10,973 permanent full-time staff worldwide, with a highly distributed global workforce and no single customer contributing more than 3% of revenue.
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) received an amended Schedule 13G filing from Daniel Mansueto reporting his beneficial ownership in the company’s common stock as of 12/31/2025. He reports beneficial ownership of 3,757,306 shares of common stock, representing 9.5% of the outstanding class.
Mansueto has sole voting power over 3,686,056 shares, all held by grantor retained annuity trusts where he serves as voting agent. He has shared voting and shared dispositive power over 71,250 shares held by a trust for which he serves as trustee, and no sole dispositive power.
He certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Morningstar, and are not held in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Morningstar, Inc. discloses that founder Joseph D. Mansueto beneficially owns 14,909,759 shares of its common stock, representing 37.5% of the outstanding class as of 12/31/2025.
He has sole voting power over 10,829,431 shares and shared voting power over 394,272 shares. He also holds sole dispositive power over 14,515,487 shares and shared dispositive power over 394,272 shares, underscoring his significant ongoing influence over Morningstar’s equity and strategic direction.
Morningstar, Inc. executive chairman and major shareholder Joseph D. Mansueto reported open-market stock sales under a Rule 10b5-1 trading plan adopted on November 15, 2024. On February 9, 2026, he sold 1,129 common shares at $164.5982 and 524 shares at $165.876. On February 10, 2026, he sold 3,214 shares at $162.8363.
Following these transactions, Mansueto directly owned 8,212,442 Morningstar common shares. He also had indirect ownership of 6,282,935 shares held in grantor retained annuity trusts for his and his children’s benefit, where he serves as trustee, and 150,000 shares in trusts for his children, where his spouse is trustee.
Morningstar, Inc. Executive Chairman, director, and 10% owner Joseph D. Mansueto reported multiple open‑market sales of Morningstar common stock from February 4–6, 2026 under a Rule 10b5‑1 trading plan adopted on November 15, 2024.
The transactions totaled 20,066 shares sold at per‑share prices ranging from $168.5265 to $188.1150. Following these sales, he directly owned 8,217,309 shares, with an additional 6,282,935 shares and 150,000 shares held indirectly in trusts for his benefit and his children.