Morningstar Inc (MORN) — Research Summary as of August 28, 2026

Key Recent Catalysts (Last ~1–3 Months)

Q2 2026 Earnings (July 29, 2026): Morningstar reported second-quarter 2026 results showing reported revenue increased 9.6% year-over-year to $663.2 million [1]. This earnings release was confirmed on July 29, 2026 [2]. The results appear to continue the positive trajectory established earlier in the year, as CEO Kunal Kapoor had noted during the Q4 2025/full-year 2025 earnings call that "Morningstar grew revenue, operating income, and adjusted operating income meaningfully in 2025," and highlighted the company's use of AI to further scale operations heading into 2026 [5].