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Mar 31, 2020
Morningstar Q1 2020 Earnings Report
Morningstar's financial results for Q1 2020 were announced, revealing a mix of growth and challenges amidst the COVID-19 pandemic.
Key Takeaways
Morningstar reported a 25.1% increase in revenue to $324.0 million in Q1 2020, with organic revenue growth of 11.6%. DBRS Morningstar contributed $37.2 million to revenue. Net income decreased to $23.9 million, or $0.55 per diluted share.
Revenue increased by 25.1% year-over-year, reaching $324.0 million.
Organic revenue growth was 11.6%, driven by PitchBook, Morningstar Data, and Morningstar Direct.
DBRS Morningstar contributed $37.2 million to revenue.
Net income decreased to $23.9 million, or $0.55 per diluted share.
Morningstar
Morningstar
Forward Guidance
No specific forward guidance was provided in the release.