M
MORN
MORNUnverified5 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$2.5B21.5%
FY2024
Operating Segments
5Active segments
Blended Margin
0.0%Operating margin
Highest Margin
0.0%Licensed Based
Segment Shift
Licensed Based has grown from 68.9% to 65.6% of total revenue since FY2019, with 0.0% operating margins. Meanwhile, Transaction Based is the fastest growing at +31.2% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Licensed Based | $1.6B | $0 | 0.0% | 65.6% | +7.1% |
| Asset Based | $333M | $0 | 0.0% | 13.5% | +19.2% |
| Transaction Based | $317M | $0 | 0.0% | 12.8% | +31.2% |
| Morningstar Sustainalytics | $117M | $0 | 0.0% | 4.7% | +0.0% |
| Morningstar Indexes | $85M | $0 | 0.0% | 3.4% | +0.0% |
Want more? Unlock the full analysis.
Sign up free to access quarterly data, financial statements, trend analysis, geographic segments, Excel exports, and cross-company comparisons.
Get Started Free