Morningstar Company Growth, Stability & Outlook

Updated on September 01, 2026

Morningstar Employee Reviews

I wake up most mornings thinking about growth—and at Morningstar, we get there by aligning our interests with those of investors. We strive to meet the evolving demands of the investor through innovation driven by our core research, technology, and design skills. When the investor wins, so do we.

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Kunal Kapoor, CEO
Kunal Kapoor, CEO

At Morningstar, our strategy is grounded in long-term thinking, a clear sense of purpose, and a focus on creating enduring value. Every strategic decision we make is designed to align with our mission, generate sustainable returns, and serve the best interests of investors. I believe the most successful outcomes emerge when analytical rigor is paired with the courage to challenge convention.

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Elizabeth Collins, Chief Strategy Officer
Elizabeth Collins, Chief Strategy Officer

At PitchBook, we know empowering customers to succeed takes innovation, resilience, and a commitment to clarity in today’s complex market. By leaning into challenges, taking calculated risks, and learning from every step, we’re focused on delivering the insights and tools that help drive decisions and propel business forward. Excellence lives in our relentless pursuit to exceed expectations.

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Rod Diefendorf, President and Chief Operating Officer
Rod Diefendorf, President and Chief Operating Officer

What People Are Saying About Morningstar

  • Strong Revenue Growth: Recent results show revenue up 9.6% year over year in Q2 2026 (6.8% organic; 8.2% excluding product sunsets), with 2025 up 7.5% and year‑to‑date 2026 up 10.2% on a reported basis. Growth is led by Morningstar Credit and core data/software platforms such as Morningstar Direct and PitchBook.
  • Profitability: Operating and adjusted operating margins expanded in Q2 2026 alongside a 29% rise in adjusted diluted EPS to $3.10, and 2025 saw increases in operating income and adjusted operating income. These gains were supported by stronger contribution from Credit and the accretive effect of the CRSP acquisition.
  • Healthy Cash Flow: Free cash flow and operating cash flow increased sharply in Q2 2026, with free cash flow nearly doubling year over year. This improved cash generation coincided with active buybacks and dividends.