---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-24-000025"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:35:36.180235+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q1 revenue +13.2% to $543M; adj EPS $1.73 vs $0.56

## Summary
- Revenue $542.8M, +13.2% reported, +12.9% organic YoY.
- Diluted EPS $1.49 vs $(0.18); adjusted diluted EPS $1.73 vs $0.56 (+208.9%).
- Operating income $92.6M vs $24.5M; adjusted op income $110.8M, +113.9%.
- Free cash flow $59.5M vs negative $6.1M; cash from ops $93.6M, +300%.
- Morningstar Credit revenue +28.8% led rebound; PitchBook +12.6% with user growth 10.5%.

## SEC filing metadata
- accession: 0001289419-24-000025
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000025/0001289419-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000025/morn-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-24-000025
- JSON: https://secwatch.observer/filing/0001289419-24-000025.json
- Plain text: https://secwatch.observer/filing/0001289419-24-000025.txt

## Key facts
- Earnings Releases
  Morningstar, Inc. reported first quarter ended March 31, 2024 results: revenue $542.8 million, net income $64.2 million, EPS $1.49 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $542.8 million
  - Net income: $64.2 million
  - EPS: $1.49 per diluted share
  - Result: reported results
  source text: context on its quarterly results and business and can be found at shareholders.morningstar.com. First-Quarter 2024 Financial Highlights • Reported revenue increased 13.2% to $542.8 million compared to the prior-year period; organic revenue grew 12.9%. • Reported operating income increased to $92.6 million from $24.5 million; adjusted operating income increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000025/0001289419-24-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.