NASDAQ$MORN
Morningstar Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Morningstar reported strong revenue growth and cash generation.
Morningstar's Q3 2021 results showcased strong revenue growth, increasing by 20.1% to $428.9 million. Operating income increased by 53.0% to $67.8 million. Net income was $49.0 million, or $1.13 per diluted share.
- Revenue increased 20.1% to $428.9 million.
- Operating income increased 53.0% to $67.8 million.
- Net income was $49.0 million, or $1.13 per diluted share.
- Free cash flow was $92.4 million.
Headline financials
Revenue & EPS history
Morningstar · Revenue · Quarterly
$429M
Revenue by segment
Morningstar · $409M total across 4 segments · Q2 2023
- Morningstar Data & Analytics$194M—47.4%
- PitchBook$134M—32.7%
- Morningstar Wealth$50M—12.2%
- Morningstar Retirement$31.4M—7.7%
Forward guidance
This press release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.5%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.4%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+12.6%
Q3 2018
Best reaction
-12.9%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.0% | -11.2% | -3.0% | |
| Q4 2025 | +2.3% | +5.7% | +19.0% | |
| Q3 2025 | +2.8% | +1.4% | +2.9% | |
| Q1 2025 | -0.5% | +3.1% | +8.3% | |
| Q4 2024 | -2.8% | -6.5% | -7.5% | |
| Q3 2024 | -3.5% | -2.7% | +0.8% | |
| Q2 2024 | +4.5% | +4.7% | +1.6% | |
| Q1 2024 | -4.3% | -5.5% | -0.9% | |
| Q4 2023 | -0.2% | +8.1% | +9.8% | |
| Q3 2023 | +11.1% | +12.6% | +23.7% | |
| Q2 2023 | +6.5% | +6.5% | +2.7% | |
| Q1 2023 | -12.9% | -7.9% | +1.7% | |
| Q4 2022 | -11.1% | -11.0% | -19.6% | |
| Q3 2022 | +2.1% | +4.7% | +11.2% | |
| Q2 2022 | +3.5% | -0.0% | -5.8% | |
| Q1 2022 | +1.4% | -4.4% | -0.6% | |
| Q4 2021 | +6.4% | +2.0% | +1.3% | |
| Q3 2021 | +4.8% | +3.1% | +1.4% | |
| Q2 2021 | +3.0% | +5.6% | +7.0% | |
| Q1 2021 | +3.7% | +3.5% | -7.7% | |
| Q4 2020 | -1.2% | -8.9% | -5.6% | |
| Q3 2020 | +6.9% | +6.5% | +8.8% | |
| Q2 2020 | +4.9% | +2.8% | +0.1% | |
| Q1 2020 | +9.0% | +3.8% | +7.1% | |
| Q4 2019 | -2.5% | -6.4% | -35.4% | |
| Q3 2019 | -7.2% | -4.7% | -1.1% | |
| Q2 2019 | +0.6% | -1.0% | -0.8% | |
| Q1 2019 | -0.9% | +2.9% | -2.7% | |
| Q4 2018 | +0.3% | +0.6% | -3.9% | |
| Q3 2018 | +12.6% | +4.3% | -0.8% | |
| Q2 2018 | -2.7% | -4.1% | -0.9% | |
| Q1 2018 | +6.2% | +5.0% | +13.8% | |
| Q4 2017 | -1.1% | -1.7% | -1.3% | |
| Q3 2017 | +1.9% | -2.3% | +6.3% | |
| Q2 2017 | +2.9% | +3.4% | +1.6% | |
| Q1 2017 | -4.1% | -6.1% | -6.8% | |
| Q4 2016 | +1.8% | +2.2% | -2.0% | |
| Q3 2016 | -6.4% | -7.2% | -4.8% | |
| Q2 2016 | +1.0% | +0.7% | -1.8% | |
| Q1 2016 | -4.2% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | +3.2% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +10.7% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -4.6% | — | — | |
| Q4 2013 | +4.3% | — | — | |
| Q3 2013 | +4.9% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2010 | -1.7% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q4 2008 | -2.2% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q2 2010 | -1.1% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q2 2009 | -1.1% | — | — |
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