---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-26-000042"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2026-07-29T20:28:40+00:00"
generated_at: "2026-07-29T20:30:24.238569+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 9.6% to $663M; adjusted EPS $3.10, up 29%

## Summary
- Revenue $663.2M (+9.6% reported, +6.8% organic); diluted EPS $2.83 (+35.4%), adjusted EPS $3.10 (+29.2%).
- Operating margin 24.2% (vs 20.7% prior year); adjusted operating margin 26.5% (vs 23.7%).
- Free cash flow $122.5M (+96.3%); share repurchases $100M in Q2, $400M YTD (5.6% float reduction).
- Morningstar Credit revenue $104.9M (+23.4%) led by US structured finance; PitchBook revenue $174.7M (+4.9%).
- CRSP acquisition accretive to margins; indexes rebranded under Morningstar name; Vanguard ETFs renamed.

## SEC filing metadata
- accession: 0001289419-26-000042
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2026-07-29T20:28:40+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/1289419/000128941926000042/0001289419-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941926000042/morn-20260729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-26-000042
- JSON: https://secwatch.observer/filing/0001289419-26-000042.json
- Plain text: https://secwatch.observer/filing/0001289419-26-000042.txt

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