---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-26-000026"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:37:31.715657+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Morningstar Q1 revenue +10.8% to $644.8M, EPS +50% to $2.73; Credit revenue +38.4%

## Summary
- Revenue $644.8M (+10.8% reported, +7.6% organic); adjusted operating income $178.6M (+31.9%).
- Diluted EPS $2.73 (+50.0% YoY); adjusted EPS $3.18 (+42.6%).
- Repurchased 1.72M shares for $300M; CRSP acquisition closed in Feb., accretive to margin.
- Morningstar Credit revenue $101M (+38.4%), operating margin 40.8%; PitchBook +5.3%, Direct +8.0%.
- Cash flow from ops flat at $91.5M; free cash flow $53.6M (-8.8%).

## SEC filing metadata
- accession: 0001289419-26-000026
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2026-04-29T23:59:59+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/1289419/000128941926000026/0001289419-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941926000026/morn-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-26-000026
- JSON: https://secwatch.observer/filing/0001289419-26-000026.json
- Plain text: https://secwatch.observer/filing/0001289419-26-000026.txt

## Key facts
- Earnings Releases
  Morningstar, Inc. reported the quarter ended March 31, 2026 results: revenue $644.8 million, EPS $2.73.
  - Period: the quarter ended March 31, 2026
  - Revenue: $644.8 million
  - EPS: $2.73
  - Result: reported results
  source text: First-Quarter 2026 Financial Highlights • Reported revenue increased 10.8% to $644.8 million compared to the prior-year period; organic revenue increased 7.6%. • Reported operating income increased 36.6% to $155.9 million; adjusted operating income increased 31.9%. • Diluted net income per share increased 50.0% to $2.73; adjusted diluted net income per share increased 42.6% to $3.18.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289419/000128941926000026/0001289419-26-000026-index.htm

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