Morningstar (MORN) reported second-quarter 2026 revenue of $663.2 million, up 9.6% from the prior-year period. Net income was $107.8 million, or $2.83 per diluted share, compared with $89.0 million, or $2.09 per diluted share, a year earlier.
The company said revenue growth was led by Morningstar Credit, Morningstar Direct Platform and PitchBook. Operating income rose 28.4% to $160.6 million, while cash provided by operating activities increased 57.3% to $155.7 million.
- Reported revenue increased 9.6% to $663.2 million; organic revenue increased 6.8%.
- Operating income increased 28.4% to $160.6 million.
- Diluted net income per share increased 35.4% to $2.83.
- Cash provided by operating activities rose 57.3% to $155.7 million.
- Morningstar repurchased 567,844 shares for $100.0 million during the quarter.
- As of June 30, 2026, cash, cash equivalents and investments totaled $523.8 million, and debt was $1.7 billion.
$MORN Insider Trading Activity
$MORN insiders have traded $MORN stock on the open market 138 times in the past 6 months. Of those trades, 1 have been purchases and 137 have been sales.
Here’s a breakdown of recent trading of $MORN stock by insiders over the last 6 months:
- JOSEPH D MANSUETO (Executive Chairman) has made 0 purchases and 135 sales selling 181,498 shares for an estimated $30,732,781.
- MICHAEL HOLT (Chief Financial Officer) has made 1 purchase buying 1,000 shares for an estimated $186,590 and 1 sale selling 270 shares for an estimated $44,833.
- WILLIAM M LYONS sold 700 shares for an estimated $125,300
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MORN Hedge Fund Activity
We have seen 205 institutional investors add shares of $MORN stock to their portfolio, and 247 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SELECT EQUITY GROUP, L.P. removed 884,769 shares (-58.1%) from their portfolio in Q1 2026, for an estimated $149,570,199
- WELLINGTON MANAGEMENT GROUP LLP added 526,192 shares (+46.3%) to their portfolio in Q1 2026, for an estimated $88,952,757
- BAMCO INC /NY/ removed 482,279 shares (-38.8%) from their portfolio in Q1 2026, for an estimated $81,529,264
- TWO SIGMA INVESTMENTS, LP added 477,005 shares (+124.7%) to their portfolio in Q1 2026, for an estimated $80,637,695
- WASATCH ADVISORS LP removed 336,065 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $56,811,788
- AQR CAPITAL MANAGEMENT LLC removed 276,668 shares (-30.7%) from their portfolio in Q1 2026, for an estimated $46,770,725
- MORGAN STANLEY removed 275,776 shares (-13.7%) from their portfolio in Q1 2026, for an estimated $46,619,932
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MORN Congressional Stock Trading
Members of Congress have traded $MORN stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $MORN stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 7 times. They made 0 purchases and 7 sales worth up to $105,000 on 05/06, 05/04, 04/17, 04/16, 02/25, 02/19, 02/06.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
