secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001289419-25-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q3 revenue up 8.4% to $617.4M, adj EPS $2.55; new $1B buyback authorized
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- Reported revenue $617.4M (+8.4% YoY); organic revenue +9.0%.
- Adjusted diluted EPS $2.55, up 27.5% YoY; GAAP diluted EPS $2.17 down 21.7% due to prior-year gain.
- Morningstar Credit revenue surged 28.5% YoY, adjusted op margin 30.8%.
- Board approved new $1B share repurchase program effective Oct 31, replacing completed $500M program.
- Year-to-date repurchases 1,873,729 shares for $487M through Oct 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000166/0001289419-25-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000166/morn-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001289419-25-000166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer