Morningstar (MORN) reported third-quarter 2026 revenue of $672.1 million, up 8.9% from the prior-year period. Net income was $115.5 million, while diluted earnings per share rose 41.0% to $3.06.
Reported operating income increased 31.0% to $167.4 million. The company said Morningstar Credit and Morningstar Direct Platform were the largest contributors to organic revenue growth.
- Organic revenue increased 6.8%; excluding certain sunset products, it would have increased 7.8%.
- Basic EPS was $3.09, compared with $2.18 a year earlier.
- Cash provided by operating activities was $190.7 million, down 2.6%, and free cash flow was $155.4 million, down 2.9%.
- Morningstar repurchased 486,573 shares for $100.0 million during the quarter.
- Morningstar Credit revenue rose 18.3%, while Morningstar Retirement revenue increased 21.3%.
$MORN Insider Trading Activity
$MORN insiders have traded $MORN stock on the open market 132 times in the past 6 months. Of those trades, 0 have been purchases and 132 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 129 sales selling 181,498 shares for an estimated $34,467,133.
- WILLIAM M LYONS has made 0 purchases and 2 sales selling 1,700 shares for an estimated $324,300.
- MICHAEL HOLT (Chief Financial Officer) sold 270 shares for an estimated $44,833
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 184 institutional investors add shares of $MORN stock to their portfolio, and 265 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAMCO INC /NY/ added 2,739,631 shares (+360.7%) to their portfolio in Q2 2026, for an estimated $427,437,228
- AQR CAPITAL MANAGEMENT LLC added 680,759 shares (+109.2%) to their portfolio in Q2 2026, for an estimated $106,212,019
- SELECT EQUITY GROUP, L.P. removed 637,723 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $99,497,542
- LOS ANGELES CAPITAL MANAGEMENT LLC added 557,844 shares (+502562.2%) to their portfolio in Q2 2026, for an estimated $87,034,820
- TWO SIGMA INVESTMENTS, LP removed 375,210 shares (-43.7%) from their portfolio in Q2 2026, for an estimated $58,540,264
- BLACKROCK, INC. removed 256,482 shares (-11.0%) from their portfolio in Q2 2026, for an estimated $40,016,321
- MORGAN STANLEY removed 246,414 shares (-14.2%) from their portfolio in Q2 2026, for an estimated $38,445,512
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 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 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 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 05/06, 05/04.
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.
