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Jun 30, 2023
Morningstar Q2 2023 Earnings Report
Morningstar reported solid second-quarter revenue growth, driven by the performance of its license-based products.
Key Takeaways
Morningstar's second-quarter revenue grew by 7.3% to $504.7 million, with organic revenue up 5.1%. License-based revenue increased 14.8%, while transaction-based revenue declined 18.5%. The company's adjusted diluted net income per share increased 11.1% to $1.30.
Revenue grew 7.3% to $504.7 million.
License-based revenue increased 14.8% versus the prior-year period, or 12.2% on an organic basis.
Second-quarter operating income was $41.7 million, a decline of 22.6%.
Adjusted diluted net income per share increased 11.1% to $1.30.
Morningstar
Morningstar
Morningstar Revenue by Segment
Revenue by Segment
Morningstar Direct Revenue
CapyFin.comPitchBook Revenue
CapyFin.comMorningstar Wealth Revenue
CapyFin.comMorningstar Retirement Revenue
CapyFin.com Forward Guidance
The Company expects that these activities will be substantially complete by the end of the third quarter of 2023 and will result in lower ongoing run-rate costs from the overall net reduction in the related headcount and certain overhead expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income