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AI brief of an SEC Form 8-K · Morningstar (MORN)

Morningstar Q4 revenue rises 8.5% to $641.1 million; operating income falls 5.1%

Positive Impact 3 of 5 earnings Written later

Morningstar reported fourth-quarter 2025 revenue of $641.1 million, up 8.5%, and diluted earnings per share of $2.83, up 4.4%. GAAP operating income fell 5.1% to $159.6 million, reflecting a $22.7 million contingent payment gain on the sale of US TAMP assets versus $64.0 million a year earlier, along with higher operating expense that included $15.9 million in severance. Full-year 2025 revenue was $2.4 billion, up 7.5%, and the company repurchased $787.0 million of its shares, while long-term debt rose to $1,072.6 million ahead of the CRSP acquisition that closed Feb. 2, 2026.

Key points

  • Q4 2025 revenue was $641.1 million, up 8.5% reported and 8.1% organic.
  • Q4 diluted EPS was $2.83 versus $2.71; adjusted diluted EPS rose 26.6% to $2.71.
  • Q4 operating income was $159.6 million, down 5.1%, with the US TAMP contingent gain at $22.7 million versus $64.0 million a year earlier.
  • Full-year 2025 diluted EPS was $8.87, up 3.4%; the company repurchased $787.0 million of shares in 2025.

The filing

CompanyMorningstar (MORN)
Form8-K, current report
Filed with the SECFeb 12, 2026, 4:34 PM ET
Accession number0001289419-26-000009

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 February 12, 2026.

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.