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Sep 30, 2023
Morningstar Q3 2023 Earnings Report
Morningstar's Q3 2023 financial performance reflected solid revenue growth, driven by license- and asset-based products, and margin expansion through careful expense management.
Key Takeaways
Morningstar reported a 10.1% increase in revenue to $515.5 million in Q3 2023. Operating income was $70.0 million, a significant increase from $22.0 million in the prior-year period. Net income was $39.1 million, or $0.91 per diluted share, compared to a net loss of $(9.0) million, or $(0.21) per diluted share, in Q3 2022.
Revenue increased by 10.1% to $515.5 million, with organic revenue growth of 9.3%.
Operating income increased to $70.0 million, with an operating margin of 13.6%.
Net income reached $39.1 million, or $0.91 per diluted share.
Adjusted diluted net income per share increased 66.2% to $1.28.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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