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Mar 31, 2022

Morningstar Q1 2022 Earnings Report

Reported strong revenue growth, driven by broad-based growth across products and geographies.

Key Takeaways

Morningstar reported a 16.3% increase in revenue to $457.0 million in Q1 2022. Organic revenue grew by 18.1%. The company's operating income was $56.4 million, a decrease of 16.1% compared to the prior-year period. Net income was $46.1 million, or $1.06 per diluted share.

Revenue increased by 16.3% to $457.0 million.

Organic revenue grew by 18.1%.

Operating income was $56.4 million, a decrease of 16.1% compared with the prior-year period.

Net income was $46.1 million, or $1.06 per diluted share.

Total Revenue
$457M
Previous year: $393M
+16.3%
EPS
$1.41
Previous year: $1.73
-18.5%
Assets under management and advisement
$265B
Previous year: $244B
+8.6%
Gross Profit
$266M
Previous year: $236M
+12.8%
Cash and Equivalents
$545M
Previous year: $434M
+25.6%
Free Cash Flow
-$4.5M
Previous year: $41.5M
-110.8%
Total Assets
$2.87B
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Morningstar

Morningstar

Morningstar Revenue by Segment

Forward Guidance

Morningstar is executing its strategy and investing for long-term growth.

Revenue & Expenses

Visualization of income flow from segment revenue to net income