Morningstar (NASDAQ:MORN) Q4 CY2025 Revenue Surpasses Estimates, +8.5% Y/Y to $641.1M

Morningstar (NASDAQ:MORN) reported Q4 CY2025 revenue of $641.1 million, up 8.5% year-on-year, and GAAP profit of $2.83 per share, 31% above analyst estimates. CEO Kunal Kapoor said the firm grew revenue, operating income, and adjusted operating income meaningfully in 2025. Supporting context: Morningstar, founded in 1984, provides independent investment research and tools. Revenue grew at a 12% CAGR over the past five years and 9.5% over the last two, with this quarter’s print exceeding Wall Street by 2.2%. The stock closed at $153.39 after the results.