Investment research firm Morningstar (NASDAQ:MORN) announced better-than-expected revenue in Q4 CY2025, with sales up 8.5% year on year to $641.1 million. Its GAAP profit of $2.83 per share was 31% above analysts’ consensus estimates.

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Revenue: $641.1 million vs analyst estimates of $627.5 million (8.5% year-on-year growth, 2.2% beat)

Pre-tax Profit: $150.9 million (23.5% margin)

EPS (GAAP): $2.83 vs analyst estimates of $2.16 (31% beat)

Market Capitalization: $6.39 billion

"Morningstar grew revenue, operating income, and adjusted operating income meaningfully in 2025 ," said Kunal Kapoor, Morningstar's chief executive officer.

Founded in 1984 by Joe Mansueto with just $80,000 in personal savings, Morningstar (NASDAQ:MORN) provides independent investment data, research, and analysis tools that help investors, advisors, and institutions make informed financial decisions.

Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Luckily, Morningstar’s revenue grew at a solid 12% compounded annual growth rate over the last five years. Its growth surpassed the average financials company and shows its offerings resonate with customers, a great starting point for our analysis.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Morningstar’s annualized revenue growth of 9.5% over the last two years is below its five-year trend, but we still think the results were respectable.

Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Morningstar reported year-on-year revenue growth of 8.5%, and its $641.1 million of revenue exceeded Wall Street’s estimates by 2.2%.

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It was good to see Morningstar beat analysts’ EPS expectations this quarter. We were also happy its revenue outperformed Wall Street’s estimates. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $153.39 immediately following the results.

Is Morningstar an attractive investment opportunity right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free.