Morningstar Q4 2023 Earnings Report
Key Takeaways
Morningstar's Q4 2023 results showed a revenue increase of 13.4% to $113 million and adjusted operating income increased by 70.2% to $63.7 million. The company's free cash flow increased by 59.9% to $107.8 million. The revenue growth was driven by license-based, asset-based and transaction-based revenues.
Revenue increased by 13.4% driven by organic growth across various segments.
Adjusted operating income increased by 70.2% due to revenue growth outpacing expense growth.
Free cash flow increased by 59.9% driven by higher operating cash flow and lower capital expenditures.
Morningstar Indexes revenue increased 43.3% on an organic basis.
Morningstar
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Morningstar Revenue by Segment
Forward Guidance
The presentation contains forward-looking statements based on current expectations about future events or future financial performance, which are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income