Earnings summaries and quarterly performance for Morningstar.
Executive leadership at Morningstar.
Board of directors at Morningstar.
Research analysts covering Morningstar.
Recent press releases and 8-K filings for MORN.
Sea Limited Authorizes $1 Billion Share Repurchase Program
MORN
Share Buyback
- Sea Limited has authorized a $1 billion share repurchase program for its American depositary shares, reflecting confidence in its long-term prospects and an intent to enhance shareholder value.
- The buyback will be executed opportunistically based on market conditions, potentially utilizing methods such as open market purchases, block trades, and derivative transactions.
- The company demonstrates strong financial health, with a current ratio of 1.44, a debt-to-equity ratio of 0.42, and an Altman Z-Score of 4, indicating a low risk of financial distress.
- Founder Forrest Xiaodong Li controls 59.8% of the voting power, while Tencent owns 18.2% of the issued shares, highlighting significant insider and strategic investor influence.
5 days ago
Victory Capital Reports Record Third-Quarter 2025 Financial Results
MORN
Earnings
Dividends
Share Buyback
- Victory Capital reported record financial results for the third quarter ended September 30, 2025, including Adjusted net income with tax benefit per diluted share of $1.63 and revenue of $361.2 million.
- Total client assets reached $313.4 billion as of September 30, 2025, primarily driven by $14.5 billion in positive market action during the quarter.
- The company returned approximately $163 million of capital to shareholders in the third quarter of 2025 through the repurchase of 1.8 million shares of common stock and a regular quarterly cash dividend of $0.49 per share.
- Victory Capital is on track to deliver $110 million in net expense synergies from the Pioneer Investments acquisition, which closed on April 1, 2025, and contributed to a 52.7% Adjusted EBITDA margin for the quarter.
Nov 6, 2025, 9:29 PM
Morningstar Details Strategic Initiatives, Acquisitions, and Capital Allocation
MORN
M&A
Share Buyback
New Projects/Investments
- Morningstar has fortified its economic moat by expanding intangible assets (e.g., PitchBook's private company coverage, planned acquisition of CRSP), increasing switching costs (e.g., Direct Advisory Suite, Lumonic acquisition), and building network effects through public-private market convergence.
- The company is actively integrating AI technologies to deliver data and IP, accelerate insights, and improve operations, while also partnering with LLM providers like Anthropic and Perplexity to make its AI-ready data available.
- Morningstar's Board of Directors approved a new three-year $1 billion share repurchase program effective October 31, 2025.
- In the first 10 months of 2025, Morningstar acquired Lumonic and DealX, and announced the pending acquisition of CRSP, which is expected to position it as one of the largest index providers for public US equity index funds.
- License-based data constituted 71.4% of Morningstar's revenue in 2024.
Nov 5, 2025, 9:58 PM
Morningstar, Inc. Enters New $1.5 Billion Credit Agreement
MORN
Debt Issuance
- Morningstar, Inc. entered into a new Credit Agreement on October 31, 2025, establishing a multi-currency credit facility with a borrowing capacity of up to $1.5 billion.
- This facility includes a five-year $750.0 million revolving credit facility, a five-year delayed draw term facility of up to $375.0 million, and a three-year $375.0 million term facility.
- In connection with this, the company terminated its existing credit agreement, with an aggregate principal balance of $170.0 million under the Revolving Credit Facility rolled over from the previous agreement as of October 31, 2025.
- The Credit Agreement includes financial covenants, notably a Consolidated Net Leverage Ratio not greater than 3.50 to 1.00 (which can temporarily increase to 4.00 to 1.00 after a Material Acquisition) and a Consolidated Interest Coverage Ratio not less than 3.00 to 1.00.
Oct 31, 2025, 1:15 PM
AssetMark to Acquire Efficient Advisors, LLC
MORN
M&A
New Projects/Investments
- AssetMark Financial Holdings, Inc. announced its intention to acquire Efficient Advisors, LLC, an asset management platform with $3 billion in client assets.
- The acquisition is expected to close in the fourth quarter of 2025, pending regulatory approvals and other customary closing conditions.
- This transaction marks AssetMark's eighth announced acquisition since 2014, demonstrating its commitment to strategic expansion and inorganic growth within the RIA channel.
- As of September 30, 2025, AssetMark reported over $158 billion in platform assets.
Oct 31, 2025, 1:15 PM
Maruti Suzuki Reports Q2 2025 Profit Increase
MORN
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Maruti Suzuki India Ltd. reported a 7-8% year-on-year increase in net profit for Q2 2025, with revenue growing about 13% year-on-year.
- This growth was primarily driven by record exports, which rose over 42%, marking the highest-ever quarterly export performance for the company.
- Domestic wholesales declined by 5.1% due to customers postponing purchases ahead of a GST rate cut, but the GST reforms boosted demand in the small car segment, with retail sales of these vehicles growing by 30% in October.
- The company expects a strong second half of the fiscal year with industry growth projected around 6%, supported by robust festive season sales and GST-driven market revival.
Oct 30, 2025, 10:34 PM
Morningstar Announces Q3 2025 Financial Results
MORN
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Morningstar (MORN) reported Q3 2025 revenue of $617.4 million and Adjusted Operating Income of $150.6 million, reflecting a 9.0% consolidated organic revenue growth year-over-year.
- The company generated Free Cash Flow of $160.1 million in Q3 2025.
- Morningstar Credit demonstrated strong performance with $91.1 million in revenue, a 28.5% reported change and 27.0% organic change compared to Q3 2024.
- Morningstar Wealth achieved positive Adjusted Operating Income of $3.1 million in Q3 2025, an improvement from a loss of $0.7 million in Q3 2024.
- The company executed $170.1 million in share repurchases during Q3 2025.
Oct 29, 2025, 9:00 PM
Morningstar, Inc. Reports Q3 2025 Financial Results and Approves New Share Repurchase Program
MORN
Earnings
Share Buyback
M&A
- Morningstar, Inc. reported Q3 2025 revenue of $617.4 million, an 8.4% increase compared to the prior-year period, with organic revenue increasing 9.0%.
- Adjusted diluted net income per share increased 27.5% to $2.55 in Q3 2025, while reported diluted net income per share decreased 21.7% to $2.17, impacted by a prior-year gain from a business sale.
- The company completed its $500 million share repurchase program in October, repurchasing 1,873,729 shares for $487.0 million year-to-date through October 28. A new three-year program authorizing up to $1 billion in share repurchases was approved, effective October 31.
- Morningstar Credit revenue increased 28.5%, contributing significantly to growth alongside Morningstar Direct Platform and PitchBook. The company also announced plans to acquire the Center for Research in Security Prices (CRSP) to enhance its indexes business.
Oct 29, 2025, 8:33 PM
Morningstar Reports Strong Q3 2025 Financial Results and Announces New Share Buyback Program
MORN
Earnings
Share Buyback
New Projects/Investments
- Morningstar, Inc. reported third-quarter 2025 revenue growth of 8.4% to $617.4 million, with organic revenue increasing 9.0% compared to the prior-year period. Year-to-date, reported revenue increased 7.1% to $1.8 billion.
- Adjusted diluted net income per share increased 27.5% to $2.55 in the third quarter of 2025. Reported diluted net income per share decreased 21.7% to $2.17, primarily due to a $1.05 gain in the prior-year period from the sale of its Commodity and Energy Data business.
- The company completed its $500 million share repurchase program, having repurchased 1,873,729 shares for $487.0 million year-to-date through October 28. A new three-year program authorizing up to $1 billion in share repurchases was approved, effective October 31.
- Key segments contributing to consolidated growth included Morningstar Credit, Morningstar Direct Platform, and PitchBook. Morningstar also announced a planned acquisition of the Center for Research in Security Prices to become one of the largest index providers for public US equity index funds.
Oct 29, 2025, 8:15 PM
FolioBeyond's RISR ETF Surpasses $180 Million in Assets and Achieves High Morningstar Ranking
MORN
- FolioBeyond's RISR ETF has surpassed $180 million in assets under management, placing it in the top 50% of fixed income ETFs.
- The fund is ranked #6 among 235 funds in Morningstar’s Nontraditional Bond Funds category for the three years ending September 30, 2025, and has maintained a 5-star Morningstar rating since October 2024.
- RISR is an actively managed solution designed for income generation and interest rate risk mitigation, leveraging advanced algorithms, AI, and machine learning.
- Its current asset level supports larger block-sized allocations, providing liquidity for institutional investors and registered investment advisors.
Oct 14, 2025, 12:00 PM
Recent SEC filings and earnings call transcripts for MORN.
No recent filings or transcripts found for MORN.