Morningstar Q2 revenue up 7.3% to $504.7M, adjusted EPS up 11.1% to $1.30

Morningstar, Inc.

2023-Q2 EPS reported $0.67 revenue$984,400,000

Revenue $504.7M (+7.3% reported, +5.1% organic); license-based revenue grew 14.8%.
Adjusted diluted EPS $1.30 (+11.1% YoY); reported EPS $0.84 (+20.0%, includes $0.15 tax benefit).
Operating income $41.7M (-22.6%); adjusted operating income $69.7M (-5.0%), includes $4M severance.
Transaction-based revenue fell 18.5%; DBRS Morningstar CMBS ratings revenue down 80%.
Headcount 12,126 (+12.6% YoY, -2.3% sequentially); China transition substantially complete by Q3 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Morningstar, Inc. reported second quarter ended June 30, 2023 results: revenue $504.7 million, EPS $0.84.

Period: second quarter ended June 30, 2023
Revenue: $504.7 million
EPS: $0.84
Result: reported results

Exact text from the filing

more context on its quarterly results and business, which can be found at shareholders.morningstar.com. Second-Quarter 2023 Financial Highlights • Reported revenue grew 7.3% to $504.7 million; organic revenue grew 5.1%. • Reported operating income declined 22.6% to $41.7 million; adjusted operating income declined 5.0%. Reported results included $4.0 million in

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Source: SEC EDGAR

accession 0001104659-23-085092

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