Operating income · 2011–2025

Morningstar operating income

$527M+8.6% · FY2025

Morningstar (MORN) reported $527M in operating income for fiscal 2025, +8.6% year on year.

$138M2011$151M2012$171M2013$106M2014$191M2015$181M2016$170M2017$216M2018$190M2019$215M2020$257M2021$168M2022$231M2023$485M2024$527M2025
Morningstar — Operating income, 2011–2025
Fiscal yearOperating incomeChangeFiling
FY20252025-12-31$527M+8.6%Open →
FY20242024-12-31$485M+110.2%Open →
FY20232023-12-31$231M+37.4%Open →
FY20222022-12-31$168M−34.7%Open →
FY20212021-12-31$257M+19.4%Open →
FY20202020-12-31$215M+13.5%Open →
FY20192019-12-31$190M−12.1%Open →
FY20182018-12-31$216M+27.1%Open →
FY20172017-12-31$170M−6.1%Open →
FY20162016-12-31$181M−5.1%Open →
FY20152015-12-31$191M+80.5%Open →
FY20142014-12-31$106M−38.1%Open →
FY20132013-12-31$171M+13.3%Open →
FY20122012-12-31$151M+8.9%Open →
FY20112011-12-31$138M—Open →

Operating income — Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +10.0%

Operating income at companies of similar size

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Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Morningstar operating income |url=https://companiesranked.com/en/company/morningstar/operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Morningstar operating income. CompaniesRanked. https://companiesranked.com/en/company/morningstar/operating-income

BibTeX

@misc{companiesranked-en-company-morningstar-operating-income-2026,
  author       = {{CompaniesRanked}},
  title        = {{Morningstar operating income}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/morningstar/operating-income}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001289419-26-000013 · February 13, 2026

{{cite web |title=Morningstar operating income — 10-K (0001289419-26-000013) |url=https://www.sec.gov/Archives/edgar/data/1289419/000128941926000013/morn-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-13}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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