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Dec 31, 2019
Morningstar Q4 2019 Earnings Report
Reported strong revenue growth and cash flow, driven by the acquisition of DBRS and investments in indexes and ESG solutions.
Key Takeaways
Morningstar, Inc. reported a strong fourth quarter and full year 2019, driven by revenue growth of 26.5% compared to Q4 2018, reaching $332.4 million. The acquisition of DBRS Morningstar contributed significantly to the revenue increase. The company made strategic investments in workforce, facilities, and product innovation.
Revenue for the fourth quarter of 2019 was $332.4 million, up 26.5% compared to the fourth quarter of 2018.
DBRS Morningstar contributed $46.2 million to revenue.
Operating expense increased 37.2% to $292.7 million in the fourth quarter of 2019.
Net income in the fourth quarter of 2019 was $27.6 million, or $0.64 per diluted share.