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Morningstar (MORN) Asset-based revenue by quarter

Morningstar's Asset-based revenue was $103M in Q3 2026 (third quarter 2026), +6% from Q2 2026. Over the last 7 quarters it ranged from $82.4M (Q2 2025) to $103M (Q3 2026).

Morningstar Asset-based revenue by quarterMorningstar Asset-based revenue by quarter$85.7MQ1 2025$82.4MQ2 2025$84.7MQ3 2025$90.2MQ4 2025$95.1MQ1 2026$96.8MQ2 2026$103MQ3 2026
QuarterAsset-based revenueQ/QY/Y
Q3 2026$103M+6%+22%
Q2 2026$96.8M+2%+17%
Q1 2026$95.1M+5%+11%
Q4 2025$90.2M+6%—
Q3 2025$84.7M+3%—
Q2 2025$82.4M-4%—
Q1 2025$85.7M——

Q3 2026 at a glance

Morningstar, Q3 2026: revenue $672M (+9% year over year), operating margin 24.9%, net earnings $116M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.

Questions

What is Morningstar's Asset-based revenue?

Morningstar's Asset-based revenue was $103M in Q3 2026 (third quarter 2026), +6% from Q2 2026.

How has Morningstar's Asset-based revenue changed?

Over the last 7 quarters it ranged from $82.4M (Q2 2025) to $103M (Q3 2026).

Q3 2026 results → · How Morningstar makes money →