Morningstar Q3 revenue rises 8.4% to $617.4 million; GAAP EPS falls 21.7% to $2.17
Morningstar reported third-quarter 2025 revenue of $617.4 million, up 8.4%, and adjusted diluted earnings per share of $2.55, up 27.5%. GAAP diluted EPS fell 21.7% to $2.17 because the prior-year period included a gain from the sale of its Commodity and Energy Data business. The board also approved a new three-year buyback of up to $1 billion, effective October 31, 2025, which replaces the $500 million program the company completed in October.
Key points
- Q3 reported revenue rose 8.4% to $617.4 million; organic revenue rose 9.0%.
- Q3 operating income rose 10.6% to $127.8 million; adjusted operating income rose 15.6% to $150.6 million.
- Q3 GAAP diluted EPS fell 21.7% to $2.17; the prior-year period had a $1.05 per-share gain from the Commodity and Energy Data sale.
- New three-year share repurchase program authorizes up to $1 billion, effective October 31, 2025.
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 October 29, 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.