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Jun 30, 2022

Morningstar Q2 2022 Earnings Report

Reported strong second-quarter revenue growth, highlighting continued momentum across the business.

Key Takeaways

Morningstar's second-quarter revenue increased by 13.2% to $470.4 million. Organic revenue grew by 15.8%, driven by licensed-based areas. Net income was $30.1 million, or $0.70 per diluted share.

Revenue for the period increased 13.2% to $470.4 million.

Organic revenue increased 15.8% compared with the prior-year period.

Second-quarter operating income was $53.9 million, an increase of 14.2% compared with the prior-year period.

Net income in the second quarter of 2022 was $30.1 million, or $0.70 per diluted share.

Total Revenue
$470M
Previous year: $415M
+13.2%
EPS
$1.17
Previous year: $1.76
-33.5%
Assets under management and advisement
$253B
Previous year: $251B
+0.8%
Gross Profit
$273M
Previous year: $247M
+10.4%
Cash and Equivalents
$417M
Previous year: $449M
-7.2%
Free Cash Flow
$37M
Previous year: $109M
-65.9%
Total Assets
$3.47B
Previous year: $449M
+671.9%

Morningstar

Morningstar

Forward Guidance

No specific forward guidance provided in the press release.