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Sep 30, 2021

Morningstar Q3 2021 Earnings Report

Morningstar reported strong revenue growth and cash generation.

Key Takeaways

Morningstar's Q3 2021 results showcased strong revenue growth, increasing by 20.1% to $428.9 million. Operating income increased by 53.0% to $67.8 million. Net income was $49.0 million, or $1.13 per diluted share.

Revenue increased 20.1% to $428.9 million.

Operating income increased 53.0% to $67.8 million.

Net income was $49.0 million, or $1.13 per diluted share.

Free cash flow was $92.4 million.

Total Revenue
$429M
Previous year: $357M
+20.1%
EPS
$1.38
Previous year: $1.55
-11.0%
Assets under management and advisement
$260B
Previous year: $215B
+20.9%
Gross Profit
$246M
Previous year: $219M
+12.5%
Cash and Equivalents
$487M
Previous year: $378M
+29.0%
Free Cash Flow
$92.4M
Previous year: $70.8M
+30.5%
Total Assets
$2.74B
Previous year: $2.56B
+7.1%

Morningstar

Morningstar

Forward Guidance

This press release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance.