---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-25-000070"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:03:11.874354+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q1 revenue $581.9M (+7.2%); adj. EPS $2.23 (+28.9%); repurchased $109.6M in shares

## Summary
- Reported revenue $581.9M, up 7.2% YoY; organic revenue grew 9.1%.
- Diluted EPS $1.82 (+22.1% YoY); adjusted diluted EPS $2.23 (+28.9% YoY).
- PitchBook revenue +10.9% to $163.7M; Morningstar Credit +21.1% to $73.0M.
- Adjusted operating margin expanded 290 bps to 23.3%; free cash flow $58.8M.
- Completed acquisitions of Lumonic and DealX; net debt increased $105.1M.

## SEC filing metadata
- accession: 0001289419-25-000070
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000070/0001289419-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000070/morn-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-25-000070
- JSON: https://secwatch.observer/filing/0001289419-25-000070.json
- Plain text: https://secwatch.observer/filing/0001289419-25-000070.txt

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