secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001289419-26-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q4 revenue up 8.5%, adj. EPS +26.6%; FY2025 adj. EPS $9.86
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- Q4 revenue $641.1M (+8.5%); adj. operating income $153.5M (+26.1%); adj. diluted EPS $2.71 (+26.6%).
- FY2025 revenue $2.4B (+7.5%); adj. operating income $582.9M (+18.0%); adj. diluted EPS $9.86 (+25.0%).
- Repurchased 3.28M shares for $787M in 2025; Q4 alone $385.3M at avg $216.42.
- Morningstar Credit segment revenue surpassed $100M in Q4, +27.9% reported; full-year growth across geographies.
- Completed CRSP acquisition Feb 2, 2026; CRSP indexes rebranded Morningstar; Vanguard extends index usage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941926000009/0001289419-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941926000009/morn-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001289419-26-000009

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