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.
Morningstar, Inc.'s SEC filings document formal disclosures for a public investment-research, data, ratings, indexes, and advisory-services company. Recent 8-K reports cover operating results, supplemental presentations, shareholder letters, Regulation FD investor Q&A materials, quarterly dividend declarations, and other material-event reporting.
Proxy and annual meeting filings document board composition, director elections, advisory executive-compensation votes, auditor ratification, and related governance matters. The company's filings also discuss capital-structure items, material agreements, and risk factors tied to brand independence, cybersecurity, data and information liability, artificial intelligence, strategic transactions, indebtedness, regulatory conditions, and business continuity.
Morningstar executive chairman and director Joseph D. Mansueto, a more than 10% owner, reported open-market sales totaling 9,522 shares of Common Stock on August 6-7, 2026. The sales occurred in multiple trades at reported weighted average prices and were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Some shares associated with him are held indirectly in grantor retained annuity trusts and other trusts for the benefit of his children.
Morningstar, Inc. reports that Daniel Mansueto is a more than 10% owner and has filed an initial statement of beneficial ownership of common stock. The reported positions are indirect holdings "By Trust", including grantor retained annuity trusts for which he serves as voting agent and a separate trust for which he is trustee.
In both cases, Mansueto disclaims beneficial ownership of the securities, and the filing states it shall not be deemed an admission that he is the beneficial owner for Section 16 purposes, except to the extent of any pecuniary interest. The entries reflect holdings rather than reported stock purchases or sales.
Morningstar, Inc. Executive Chairman, director and more-than-10% owner Joseph D. Mansueto reported open-market sales of a total of 21,750 shares of Morningstar common stock over August 3–5, 2026, in multiple transactions with weighted-average prices including $196.7240 and $201.9844 per share. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. On August 3, 2026, he also made a bona fide gift of 5,300 shares of common stock. Additional Morningstar shares are held indirectly in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
Morningstar, Inc. large shareholder Joseph D. Mansueto filed an amended Schedule 13G reporting his ownership of the company’s common stock. He reports beneficial ownership of 14,709,759 shares of Morningstar common stock, representing 39.2% of the outstanding class.
Mansueto reports sole voting power over 10,634,691 shares and shared voting power over 394,272 shares. He also reports sole dispositive power over 14,315,487 shares and shared dispositive power over 394,272 shares, reflecting both individually and jointly controlled holdings.
Morningstar, Inc. director William M. Lyons reported selling 1,000 shares of common stock on 2026-08-03 at $199.00 per share, in a transaction described as a sale in the open market or a private transaction. After this sale, he directly owns 12,904 shares of Morningstar common stock.
Morningstar, Inc. large shareholder Daniel Mansueto filed an amended Schedule 13G reporting his beneficial ownership of the company’s common stock. He reports beneficial ownership of 3,752,046 shares of common stock, representing 10.0% of the outstanding class.
Mansueto has sole voting power over 3,680,796 shares, held of record by grantor retained annuity trusts for which he serves as voting agent. He has shared voting power and shared dispositive power over an additional 71,250 shares held by a trust for which he is trustee. He reports no sole dispositive power over any shares.
Morningstar, Inc. received a Form 144 notice relating to a potential sale of 100,000 Class A common shares, described as Founders Shares, to be sold through Charles Schwab & Co. Inc. The shares were originally acquired on 05/01/1984, and the proposed sale date is 08/03/2026. The filing also lists multiple prior sales of Morningstar stock by Joseph D. Mansueto during May 2026, each showing the number of shares and total dollar proceeds for those transactions.
Morningstar, Inc. shareholder William M. Lyons has filed a notice to sell up to 1,000 Class A common shares of Morningstar through broker Charles Schwab on NASDAQ. The shares have an indicated aggregate value of $199,000, with 37,513,571 Morningstar shares outstanding as of August 3, 2026.
In the past three months, Lyons sold 700 shares for $125,300. The notice also lists prior equity compensation events from restricted stock lapses of 972 shares on May 15, 2018, and 28 shares on May 15, 2025.
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. delivered stronger results in Q2 2026. Revenue rose to $663.2 million from $605.1 million, while operating income increased to $160.6 million from $125.1 million. Operating margin expanded to 24.2% from 20.7%, and consolidated net income reached $107.8 million versus $89.0 million. Diluted EPS was $2.83 compared with $2.09.
For the first six months of 2026, revenue was $1,308.0 million, up from $1,187.0 million, with operating income of $316.5 million and net income of $214.9 million. Free cash flow rose to $176.1 million. Growth was broad-based across license-based, asset-based, and transaction-based revenue, led by Morningstar Credit and steady gains at Morningstar Direct Platform and PitchBook. Morningstar acquired CRSP for $363.0 million, adding $233.0 million of intangibles and $139.9 million of goodwill, and increased total debt to $1,713.3 million to help finance the deal and share repurchases of $400.0 million in the first half under a $1.0 billion authorization.