TickerFacts.

Morningstar, Inc. (MORN): Cost of Revenue

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2011-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$952.90M
Year ended 2025-12-31
$969.10M
Trailing 12 months to 2026-06-30
+6.9%
3-year compound annual growth
+11.4%
5-year compound annual growth
+11.2%
10-year compound annual growth
2008-12-31: $130.09M2009-12-31: $128.62M2010-12-31: $157.07M2011-12-31: $235.29M2012-12-31: $246.78M2013-12-31: $271.40M2014-12-31: $318.60M2015-12-31: $330.10M2016-12-31: $344.30M2017-12-31: $386.60M2018-12-31: $411.10M2019-12-31: $483.10M2020-12-31: $556.40M2021-12-31: $698.40M2022-12-31: $779.30M2023-12-31: $843.50M2024-12-31: $895.70M2025-12-31: $952.90M$952.90M
2008-12-31 Cost of Revenue (USD) 2025-12-31
Period endedCost of RevenueChange YoYSource filing
2025-12-31$952.90M+6.4%2026-02-13, From 2025-01-01
2024-12-31$895.70M+6.2%2026-02-13, From 2024-01-01
2023-12-31$843.50M+8.2%2026-02-13, From 2023-01-01
2022-12-31$779.30M+11.6%2025-02-28, From 2022-01-01
2021-12-31$698.40M+25.5%2024-02-29, From 2021-01-01
2020-12-31$556.40M+15.2%2023-02-24, From 2020-01-01
2019-12-31$483.10M+17.5%2022-02-25, From 2019-01-01
2018-12-31$411.10M+6.3%2021-02-26, From 2018-01-01
2017-12-31$386.60M+12.3%2020-03-02, From 2017-01-01
2016-12-31$344.30M+4.3%2019-03-01, From 2016-01-01
2015-12-31$330.10M+3.6%2018-03-01, From 2015-01-01
2014-12-31$318.60M+17.4%2017-03-01, From 2014-01-01
2013-12-31$271.40M+10.0%2016-03-01, From 2013-01-01
2012-12-31$246.78M+4.9%2015-02-27, From 2012-01-01
2011-12-31$235.29Mn/c2014-02-28, From 2011-01-01
2010-12-31$157.07M+22.1%2013-02-28, From 2010-01-01
2009-12-31$128.62M-1.1%2012-02-24, From 2009-01-01
2008-12-31$130.09Mn/a2011-02-28, From 2008-01-01

Cost of Revenue at similar companies

Companies with the same SEC industry code (Investment Advice), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedCost of RevenueChange YoY
Morningstar, Inc. (MORN)2025-12-31$952.90M+6.4%
BRC Group Holdings, Inc. (RILY)2025-12-31$145.36M-13.3%
Abacus Global Management, Inc. (ABX)2025-12-31$28.86M+153.8%

Compare MORN, RILY, ABX side by side · Screen every company in Investment Advice ↗