Morningstar Q2 revenue rises 5.8% to $605.1 million; diluted EPS up 30.6% to $2.09
Morningstar reported second-quarter 2025 results on July 30, 2025, with revenue up 5.8% to $605.1 million and diluted net income per share up 30.6% to $2.09. Operating cash flow fell 35.2% to $99.0 million, mainly because of higher income tax payments, and free cash flow fell 48.3% to $62.4 million, while the company repurchased $112.0 million of its shares.
Key points
- Revenue rose 5.8% to $605.1 million; organic revenue rose 5.9%.
- Diluted EPS rose 30.6% to $2.09; adjusted diluted EPS rose 19.4% to $2.40.
- Cash provided by operating activities fell 35.2% to $99.0 million; free cash flow fell 48.3% to $62.4 million.
- The company repurchased 398,442 shares for $112.0 million in the quarter and paid $79.5 million in income tax payments.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.