---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-25-000025"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:24:50.570231+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q4 revenue up 9.7%, EPS $2.71; full-year revenue $2.3B, dividend raised 12.3%

## Summary
- Q4 revenue $591M (+9.7% reported, +10.6% organic); diluted EPS $2.71 (+58.5%).
- Full-year revenue $2.3B (+11.6%); adjusted diluted EPS $7.89 (+54.1%).
- Debt reduced $273.8M net; free cash flow $448.9M (+127.5%).
- Quarterly dividend raised 12.3% to $0.455 per share for 2025.
- Morningstar Credit revenue surged 33.8%; PitchBook revenue +12.5% with licensed users +16.4%.

## SEC filing metadata
- accession: 0001289419-25-000025
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000025/0001289419-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000025/morn-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-25-000025
- JSON: https://secwatch.observer/filing/0001289419-25-000025.json
- Plain text: https://secwatch.observer/filing/0001289419-25-000025.txt

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