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Mar 31, 2021
Morningstar Q1 2021 Earnings Report
Morningstar's first-quarter 2021 financial results were reported, demonstrating broad-based growth across the business.
Key Takeaways
Morningstar reported a strong first quarter in 2021, with revenue increasing by 21.2% to $392.8 million. The company's license-based offerings, DBRS Morningstar, and ESG solutions contributed significantly to the growth. Net income also saw a substantial increase, reaching $54.9 million, or $1.27 per diluted share.
Revenue increased by 21.2% to $392.8 million.
Organic revenue grew by 13.0% compared to the prior-year period.
Operating income increased by 51.0% to $67.2 million.
Net income was $54.9 million, or $1.27 per diluted share, compared to $23.9 million, or $0.55 per diluted share, in the first quarter of 2020.
Morningstar
Morningstar
Forward Guidance
No specific forward guidance was provided in the press release.