Morningstar 3Q 2026: Revenue $672.1M, Net income $115.5M, EPS $3.06— 10-Q Summary
Morningstar reported 3Q 2026 revenue of $672.1M, up 8.9% YoY, with net income rising 26.1% to $115.5M and EPS increasing to $3.06. Growth was led by Credit and Direct Platform, while PitchBook saw slower growth. AI and cloud migration added costs.
How this was made

The 30-second read
Why it matters
The earnings beat may trigger short covering and buying pressure, especially in data‑analytics ETFs.
Market read
Earnings surprise for a mid‑cap fintech firm; likely short‑term price move.
What to watch
Higher AI and cloud migration costs could pressure margins going forward.
Background
Morningstar Inc. filed its Q3 2026 10‑Q, providing the first public disclosure of its quarterly results.
Ticker impact
Morningstar reported Q3 2026 revenue of $672.1M, net income $115.5M and EPS $3.06, all up YoY.
likely upside as market prices in the earnings beat
Revenue up 8.9% and EPS up 41% signal strong performance, prompting buying interest.
Market effects
Positive for financial data and analytics sector, may lift peers.
U.S. market focus, limited regional effect.
Modest, primarily affects investors tracking US fintech stocks.
Counterpoint
If the market has already priced in the beat, the rally could be muted.
Key entities
- companyMorningstar Inc.
Financial data and investment research provider.

