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Did Morningstar Beat Earnings?
Morningstar (MORN) reported Q1 '26 revenue of $645M, up 10.8% year-over-year, with reported EPS of $3.18. That topped the $2.66 analyst estimate by 19.5% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Morningstar’s job postings, web traffic, and employee business outlook. See the full MORN stock analysis or the earnings calendar for upcoming reports.
MORN Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q1 '26 | $2.66 | $3.18 | Beat +19.5% |
| Q4 '25 | $2.17 | $2.71 | Beat +24.9% |
| Q3 '25 | $2.42 | $2.55 | Beat +5.4% |
| Q2 '25 | $2.19 | $2.40 | Beat +9.6% |
| Q1 '25 | $2.06 | $2.23 | Beat +8.3% |
| Q4 '24 | $2.06 | $2.71 | Beat +31.5% |
Morningstar Quarterly Financial Trends
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 572M | 569M | 591M | 582M | 605M | 617M | 641M | 645M |
| Gross margin | 61.1% | 60.9% | 60.7% | 60.2% | 61.9% | 60.9% | 61.1% | 62.9% |
| Operating margin | 19.0% | 20.3% | 28.5% | 19.6% | 20.7% | 20.7% | 24.9% | 24.2% |
| Net income | 69M | 120M | 117M | 79M | 89M | 92M | 115M | 107M |
| Net margin | 12.1% | 21.0% | 19.8% | 13.5% | 14.7% | 14.8% | 18.0% | 16.6% |
| EPS | $1.60 | $2.00 | $2.71 | $2.23 | $2.40 | $2.55 | $2.71 | $3.18 |
Morningstar Earnings Trend Analysis
Over the eight quarters from Q2 '24 to Q1 '26, Morningstar’s quarterly revenue moved from $572M to $645M. Net margin expanded from 12.1% to 16.6%, against a 62.9% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Morningstar has beaten Wall Street EPS estimates in 7 of its last 8 reported quarters.
When Is Morningstar’s Next Earnings Date?
Morningstar reports earnings on a quarterly schedule. Its most recent report covered Q1 '26. For the confirmed upcoming date — and every other company reporting soon — see the MORN earnings calendar.
Frequently Asked Questions: Morningstar Earnings
Morningstar's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Morningstar reported Q1 '26 EPS of $3.18 on revenue of $645M (+10.8% YoY). Morningstar beat estimates, reporting $3.18 vs. the $2.66 estimate.
Morningstar reported Q1 '26 revenue of $645M, up 10.8% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the MORN AI Score.
