---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-25-000142"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T22:54:38.071423+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q2 revenue up 5.8% to $605.1M; adj. EPS $2.40 beats prior year $2.01

## Summary
- Revenue $605.1M (+5.8% reported, +5.9% organic); operating income $125.1M (+15.3%).
- Diluted EPS GAAP $2.09 (+30.6% YoY); adjusted diluted EPS $2.40 (+19.4%).
- PitchBook revenue $166.5M (+9.8%); Morningstar Credit $85.0M (+9.5%); Direct Platform $209.2M (+6.2%).
- Free cash flow $62.4M, down 48.3% due to higher income tax payments of $79.5M.
- Repurchased 398,442 shares for $112M; debt increased $35M net to $838.8M.

## SEC filing metadata
- accession: 0001289419-25-000142
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2025-07-30T23:59:59+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/1289419/000128941925000142/0001289419-25-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941925000142/morn-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-25-000142
- JSON: https://secwatch.observer/filing/0001289419-25-000142.json
- Plain text: https://secwatch.observer/filing/0001289419-25-000142.txt

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