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Dec 31, 2022
Morningstar Q4 2022 Earnings Report
Morningstar reported positive fourth-quarter revenue growth, driven by license-based business areas offsetting declines in asset-based and transaction-based areas. For the full year, the company reported double-digit revenue growth.
Key Takeaways
Morningstar's Q4 2022 revenue increased by 2.8% to $475.0 million. License-based revenue grew by 16.0%, while asset-based and transaction-based revenues decreased. Operating income was $35.5 million, and net income was $3.3 million, or $0.08 per diluted share.
Revenue for the period increased 2.8% to $475.0 million.
License-based revenue grew 16.0% compared with the prior year period, or 14.9% on an organic basis.
Operating income was $35.5 million, a decrease of 52.5% compared with the prior-year period.
Net income in the fourth quarter of 2022 was $3.3 million, or $0.08 per diluted share.
Morningstar
Morningstar
Forward Guidance
Morningstar acknowledges continued uncertainty in the economic environment and are taking a cautious approach to managing the business.