# Morningstar (MORN) — Earnings

MORN · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/morn/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $3.10 |
| EPS estimate | $2.83 |
| EPS surprise | +9.56% |
| Revenue surprise | +2.08% |
| Revenue | $663.2M |
| Revenue estimate | $649.7M |
| Reported | Jul 29, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1289419/000128941926000041/morn-20260630.htm) |

Morningstar reported Q2 2026 results on July 29, 2026. Earnings per share were $3.10, beating the $2.83 estimate by 9.56%. Revenue was $663.2 million, 2.08% above the $649.7 million consensus. Compared with Q2 2025, EPS rose about 29% from $2.40 and revenue rose about 9.6% from $605.1 million.

The table shows strong earnings growth since 2022. Annual EPS rose from $3.93 in 2022 to $5.41 in 2023, $7.88 in 2024 and $9.89 in 2025, while annual revenue grew from $1.87 billion to $2.45 billion. The first half of 2026 adds up to $6.28 per share. The low point in the table was Q1 2023 at $0.56 per share, and the high was Q1 2026 at $3.18. Q2 2026 set the revenue high. Estimates are shown only for the last eight quarters. In that span, Morningstar beat the EPS estimate seven times, the only miss being Q3 2024 at 0.25% below.

Morningstar reported Q3 between October 23 and October 29 in each of the past five years. That points to late October 2026 for the next report. It will show whether the year-over-year growth continues into the third quarter.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 29, 2026 | $2.83 | $3.10 | 9.56% | $649.7M | $663.2M |
| Q1 2026 | Apr 29, 2026 | $2.41 | $3.18 | 32.11% | $626.9M | $644.8M |
| Q4 2025 | Feb 12, 2026 | $2.36 | $2.71 | 14.83% | $634.4M | $641.1M |
| Q3 2025 | Oct 29, 2025 | $2.32 | $2.55 | 9.71% | $604.1M | $617.4M |
| Q2 2025 | Jul 30, 2025 | $2.19 | $2.40 | 9.38% | $604.6M | $605.1M |
| Q1 2025 | Apr 30, 2025 | $2.06 | $2.23 | 8.31% | $585.8M | $581.9M |
| Q4 2024 | Feb 26, 2025 | $2.06 | $2.14 | 3.76% | $580.8M | $591.0M |
| Q3 2024 | Oct 23, 2024 | $2.01 | $2.00 | -0.25% | $565.7M | $569.4M |
| Q2 2024 | Jul 25, 2024 | $0.00 | $2.01 | 0.00% | — | $571.9M |
| Q1 2024 | Apr 25, 2024 | $0.00 | $1.73 | 0.00% | — | $542.8M |
| Q4 2023 | Feb 23, 2024 | $0.00 | $1.97 | 0.00% | — | $538.7M |
| Q3 2023 | Oct 26, 2023 | $0.00 | $1.28 | 0.00% | — | $515.5M |
| Q2 2023 | Jul 28, 2023 | $0.00 | $1.60 | 0.00% | — | $504.7M |
| Q1 2023 | Apr 27, 2023 | $0.00 | $0.56 | 0.00% | — | $479.7M |
| Q4 2022 | Feb 24, 2023 | $0.00 | $0.58 | 0.00% | — | $475.0M |
| Q3 2022 | Oct 27, 2022 | $0.00 | $0.77 | 0.00% | — | $468.2M |
| Q2 2022 | Jul 28, 2022 | $0.00 | $1.17 | 0.00% | — | $470.4M |
| Q1 2022 | Apr 28, 2022 | $0.00 | $1.41 | 0.00% | — | $457.0M |
| Q4 2021 | Feb 25, 2022 | $0.00 | $1.50 | 0.00% | — | $462.2M |
| Q3 2021 | Oct 28, 2021 | $0.00 | $1.38 | 0.00% | — | $428.9M |

## Frequently Asked Questions

### When did Morningstar (MORN) last report earnings?

Morningstar last reported on Jul 29, 2026, covering fiscal Q2 2026.

### Did MORN beat earnings estimates?

Yes. Morningstar reported EPS of $3.10 for Q2 2026 against a $2.83 estimate — a 9.56% beat.

### How much revenue did MORN report last quarter?

Morningstar reported $663.2M in revenue for Q2 2026, against a consensus estimate of $649.7M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).