Morningstar Q2 revenue, adjusted EPS rise on credit segment growth

Morningstar

29/07/2026 21:37

Overview
Investment research provider's Q2 revenue rose 9.6% yr/yr
Adjusted EPS for Q2 rose 29.2% yr/yr
Company repurchased $100 mln in shares during the quarter

Outlook
Morningstar says momentum continues in Morningstar Credit, driven by private ratings activity
Company is expanding collaborations with model and enterprise technology providers to broaden content access

Result Drivers
CREDIT SEGMENT GROWTH - Morningstar Credit drove revenue growth with robust issuance and strength in structured finance ratings and US/Canadian corporates
DIRECT PLATFORM EXPANSION - Morningstar Direct Platform revenue rose due to client expansion, new use cases, and higher revenue per license
PITCHBOOK PLATFORM - PitchBook revenue growth was led by its platform and direct data business, though offset by softness in venture capital and elevated churn in corporate clients

Company press release: ID:nBw4lDHt0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$663.20 mln
$649.72 mln (2 Analysts)
Q2 Adjusted EPS
 
$3.10
$2.83 (2 Analysts)
Q2 EPS
 
$2.83
 
Q2 Net Income
 
$107.80 mln
 
Q2 Operating Income
 
$160.60 mln
 
Q2 Operating Margin
 
24.20%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional information services peer group is "buy"
Wall Street's median 12-month price target for Morningstar Inc is $215.00, about 10.8% above its July 28 closing price of $194.12
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)