secwatch.observer — SEC 8-K summary
======================================

Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001289419-26-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941926000026/0001289419-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941926000026/morn-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001289419-26-000026

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