7/104 sources · 4 publishersUpdated Oct 29, 02:24 UTC
Morningstar posts Q3 2026 revenue of $672.1 million and EPS beat expectations
Morningstar reported third‑quarter 2026 revenue of $672.1 million, up 8.9% year‑on‑year, and net income of $115.5 million. Adjusted diluted earnings per share were $3.06, while non‑GAAP EPS was $3.48, both above analyst forecasts. CEO Kunal Kapoor highlighted the launch of Direct AI and strong adoption of its MCP tools. The company repurchased $100 million of shares in the quarter and $500 million year‑to‑date.
Why it matters
The company said the revenue and non‑GAAP EPS beats demonstrate the market’s appetite for its AI‑driven offerings. Despite the beats, the stock fell 3.6% after results, indicating short‑term pricing pressure.
Key facts
- 1Revenue was $672.1 million, up 8.9% year‑on‑year. stocktitan.net
- 2Adjusted diluted earnings per share were $3.06. stocktitan.net
- 3Non‑GAAP earnings per share were $3.48. finance.yahoo.com
- 4Net income for the quarter was $115.5 million. tradingview.com
- 5The company repurchased $100.0 million of shares in Q3. stocktitan.net
- 6Year‑to‑date share repurchases totaled $500.0 million. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.