Morningstar, Inc. (MORN) — Business segments and KPIs
Revenue by business segment and geography for Morningstar, Inc., with year-over-year trends.
FY 2025
| Segment | Revenue | % of total |
|---|---|---|
| Revenue by product | ||
| Licensed-Based | 1.72B | 70.3% |
| Transaction-Based | 383.3M | 15.7% |
| Asset-Based | 343M | 14.0% |
| Revenue by region | ||
| UNITED STATES | 1.75B | 59.6% |
| Non United States | 690.6M | 23.4% |
| Europe excluding the United Kingdom | 219.6M | 7.5% |
| CANADA | 154.9M | 5.3% |
| AUSTRALIA | 65.30M | 2.2% |
| Asia | 48.00M | 1.6% |
| Segment, Geographical, Group of Other Countries | 13.00M | 0.4% |