---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-24-000107"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:59:37.201404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q3 revenue up 10.5% to $569M, EPS $2.77; CFO Dubinsky to depart

## Summary
- Q3 revenue $569.4M, +10.5% YoY; operating income $115.5M, +65%; Diluted EPS $2.77 (incl $1.05 gain from business sale).
- Adjusted EPS $2.00, +56.3%; adjusted operating margin 22.9% vs 17.8% YoY.
- Morningstar Credit revenue +34% to $70.9M, leading growth across segments.
- CFO Jason Dubinsky to step down Dec 31, 2024; will consult through June 2025; succession search underway.
- Free cash flow $155.8M, +53.6% YoY; debt reduced $35M.

## SEC filing metadata
- accession: 0001289419-24-000107
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000107/0001289419-24-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000107/morn-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-24-000107
- JSON: https://secwatch.observer/filing/0001289419-24-000107.json
- Plain text: https://secwatch.observer/filing/0001289419-24-000107.txt

## Key facts
- Executive change
  Jason Dubinsky departed as Chief Financial Officer at Morningstar, Inc..
  - Action: stepping down
  - Role: Chief Financial Officer
  source text: On October 23, 2024, the Company announced that Jason Dubinsky, chief financial officer, will be stepping down from his role with the company effective December 31, 2024, after which he will serve in a consulting capacity through June 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000107/0001289419-24-000107-index.htm

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