# Morningstar Inc. (MORN) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | $527M |
| 2024 | $485M |
| 2023 | $231M |
| 2022 | $168M |
| 2021 | $257M |
| 2020 | $215M |
| 2019 | $190M |
| 2018 | $216M |
| 2017 | $170M |
| 2016 | $181M |
| 2015 | $191M |
| 2014 | $106M |
| 2013 | $171M |
| 2012 | $151M |
| 2011 | $138M |
| 2010 | $121M |
| 2009 | $125M |
| 2008 | $139M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-03-31 | $156M |
| 2025-09-30 | $128M |
| 2025-06-30 | $125M |
| 2025-03-31 | $114M |
| 2024-09-30 | $116M |
| 2024-06-30 | $109M |
| 2024-03-31 | $93M |
| 2023-09-30 | $70M |
| 2023-06-30 | $42M |
| 2023-03-31 | $25M |
| 2022-09-30 | $22M |
| 2022-06-30 | $54M |
| 2022-03-31 | $56M |
| 2021-09-30 | $68M |
| 2021-06-30 | $47M |
| 2021-03-31 | $67M |
| 2020-09-30 | $44M |
| 2020-06-30 | $61M |
| 2020-03-31 | $45M |
| 2019-09-30 | $50M |
| 2019-06-30 | $51M |
| 2019-03-31 | $50M |
| 2018-09-30 | $65M |
| 2018-06-30 | $54M |

Source: [MarketCapTrends](https://marketcaptrends.com/company/MORN/operating-income)