About Morningstar
Morningstar is a publicly listed company based in Chicago (United States) founded in 1984 by Joe Mansueto. Financial data and investment advisory tools are offered online. It operates on a Data-as-a-Service, Subscription Services, and Advertising Model model. Morningstar has raised $91 million across 5 funding rounds from investors including European Union and SoftBank. The company has 6 employees. Morningstar has completed 23 acquisitions, including 10 K Wizard, AdviserLogic and Aegis Australia. Its chief executive, as recorded, is Kunal Kapoor. Its website morningstar.com draws about 12.9 million monthly visits. Its Indian entity Morningstar Investment Research India Private Limited reported revenue of ₹8.02 Cr. Morningstar offers products and services including Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth. Its focus areas include Financials, Capital Markets and Financial Data & Stock Exchanges. Its competitors include Intercontinental Exchange, CME Group and Bloomberg.
Company details
Morningstar is engaged in delivering financial data, analytics, and investment research to both individual and professional investors. Services are provided across various sectors including markets, funds, ETFs, stocks, and bonds. Solutions such as Morningstar Direct, DataAnalytics, and Wealth are offered to empower investor success. Content and tools are developed to support portfolio management, market analysis, and sustainable investing. Editorial independence is maintained to ensure unbiased reporting and analysis for users globally.
- Headquarters Chicago, United States
- Employees 6
- Founders Joe Mansueto
- Stage Public
- SectorsTechnology
- Website category Finance · Investing
- Phone•••• ••••
- Website morningstar.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Morningstar, Inc.
- Date of Incorporation 09 Oct, 2013
- Jurisdiction Navi Mumbai, Maharashtra, India
- Indian entity revenue₹8.02 Cr
FY 2025 · +8% YoY
- Indian entity net profit₹4.58 Cr
FY 2025 · 57% margin
- Indian entity EBITDA₹4.53 Cr
FY 2025 · 56% margin
- Total Equity Funding$91M (USD)
in 5 rounds
- Latest Funding Round$22.63K (USD), Grant
Jan 2022
- InvestorsEuropean Union
& 1 more
- Employee Count6
- Investments & Acquisitions10 K Wizard
& 22 more
Associated legal entities of Morningstar
Morningstar is associated with 2 registered companies on The Company Check; the primary company is Morningstar Investment Research India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Morningstar Investment Research India Private Limited CIN U74120MH2013FTC249024 | Active | 09 Oct 2013 | Navi Mumbai, Maharashtra | ₹8.0 Cr | 5 | 5 | View details |
| Morningstar India Private Limited CIN U72300MH2004PTC245103 | Active | 24 Sep 2004 | Navi Mumbai, Maharashtra | ₹949 Cr | 4,559 | 4 | View details |
Products & Services of Morningstar
Morningstar offers a comprehensive portfolio of products and services, including Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth.
Financial data and analytics are provided for investors.
Investment research tools are offered for professional use.
Wealth management solutions are delivered to financial advisors.
Apps and channels of Morningstar
its YouTube channel Morningstar, Inc. has 607 subscribers and 30 videos.
Videos from Morningstar
The most watched videos on Morningstar's YouTube channel, Morningstar, Inc. (607 subscribers). Click a video to play it here.
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Funding Insights of Morningstar
Morningstar has successfully raised a total of $91M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $22.63 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $91M
- Total Rounds 5
- Last Round Grant — $22,630
- First Round $91M
(Jul 1999)
- Investors Count 2
All 5 funding rounds of Morningstar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $22,630 | Grant | – | – | |
| Jan 2020 | $22,391 | Grant | – | – | |
| Dec 2018 | $22,764 | Grant | – | – | |
| Dec 2016 | $20,874 | Grant | – | – | |
| Jul 1999 | $91M | Series C | – | – |
2 investors in total: 2 institutional.
Investors in Morningstar
Morningstar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and SoftBank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors | softbank.com | Newton, United States |
Investor details for Morningstar
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Board of directors of Morningstar Investment Research India Private Limited (Morningstar)
Morningstar Investment Research India Private Limited is the primary company behind Morningstar. The boards of the 2 registered companies of Morningstar currently have 5 directors; the longest-serving is Aditya Agarwal, appointed in 2013. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Agarwal DIN 00015892 | Director | 09 Oct 2013 | 13 yrs | Morningstar Investment Research India Private Limited, Morningstar India Private Limited |
| Pratik Kirit Parikh DIN 09553207 | Director | 30 Mar 2022 | 4 yrs 6 mo | Morningstar India Private Limited |
| Craig Leigh Hutcheson DIN 09611444 | Director | 26 May 2022 | 4 yrs 4 mo | Morningstar Investment Research India Private Limited, Morningstar India Private Limited |
| Divya Pillai Rajivkumar DIN 07004910 | Director | 29 Aug 2023 | 3 yrs 1 mo | Morningstar Investment Research India Private Limited, Morningstar India Private Limited |
| Kaustubh Uday Belapurkar DIN 10989728 | Additional Director | 12 Mar 2025 | 1 yr 7 mo | Morningstar Investment Research India Private Limited |
People of Morningstar
586 people are tracked at Morningstar (176 in leadership, 8 in board & advisors, 402 in team); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Joe Mansueto | Founder & Executive Chairman | Leadership |
Kunal Kapoor | CEO | Leadership |
Thomas Dutka | Director | Leadership |
Priyank Singhania | Leadership | |
Eric Cunha | Leadership | |
Arvind Bhunjun | News Author | Leadership |
Tom Waite | Leadership | |
George Collard | Leadership | |
Lucy Heming | Leadership | |
Dayo Laniyan | Leadership | |
Tim Black | Head Of Index Administration & Governance | Leadership |
Sneha Kirve Bhogte | Associate Director - Workforce Engagement & Corporate Social Responsibility (csr) | Leadership |
David W. Williams | Chief Design Officer | Leadership |
Brock Johnson | President, Global Retirement and Workplace Solutions | Leadership |
Keith Pattison | Sales Director | Leadership |
Preston Caldwell | Chief U.s. Economist | Leadership |
Guillaume Studer | Sales Director | Leadership |
Frannie Besztery | Chief of Staff | Leadership |
Kathleen Peacock | Chief Legal Officer | Leadership |
Alex Bryan | Director Of Product Management, Equity Indexes | Leadership |
566 more people are available in the full profile.
Complete people profiles for Morningstar
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IPO & Listings of Morningstar
Morningstar is a publicly listed company on the NASDAQ with ticker symbol MORN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date03 May 2005
- Listed onNASDAQ: MORN
- Listed entityMorningstar, Inc.
- Exchange sectorFinance
Financials of Morningstar
Figures of Morningstar Investment Research India Private Limited, the primary company behind Morningstar, for FY 2025. Revenue was ₹8.02 Cr (+8% year on year). Net profit was ₹4.58 Cr (57% margin). EBITDA was ₹4.53 Cr (56% margin). Revenue has grown at a compounded annual rate of +3% over three years and +45% over five years.
- ₹8.02 CrRevenue · FY 2025 · +8% YoY
- ₹4.58 CrNet profit · 57% margin
- ₹4.53 CrEBITDA · 56% margin
- ₹30.94 CrPaid-up capital
- 5Employees (provident fund records)
- +3%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Morningstar Investment Research India Private Limited are on its company page.
Detailed financial statements for Morningstar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Morningstar
Morningstar has strategically engaged in corporate development activities, having acquired 23 companies. Notable acquisitions include 10 K Wizard, AdviserLogic and Aegis Australia.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Smart agricultural equipment is manufactured and supplied for farming operations. | henanyujietime.tcc.mode | Jiaozuo, China | 2017 | Jun 2022 | •••• | |
Limited information is available on the core activities of LCD. | lcdcomps.com | New York, United States | 1996 | Apr 2022 | $650M | |
Index calculation services are provided for financial benchmarks. | moorgatebenchmarks.com | London, United Kingdom | 2018 | Sep 2021 | •••• | |
ESG and corporate governance research and ratings are provided. | sustainalytics.com | Toronto, Canada | 1992 | Apr 2020 | •••• | |
Financial planning solutions are offered for investors and businesses. | planplusglobal.com | Toronto, Canada | 1990 | Mar 2020 | •••• | |
A suite of IT services is provided for advisory professionals. | adviserlogic.com.au | Sydney, Australia | 2006 | Nov 2019 | •••• | |
Publishing service providing content on finance and economy | firstlinks.com.au | Sydney, Australia | 2012 | Oct 2019 | •••• | |
Credit ratings for financial institutions and sovereign entities are issued. | dbrs.com | Toronto, Canada | 1976 | May 2019 | $669M | |
Private equity and venture capital data platform | pitchbook.com | Seattle, United States | 2007 | Oct 2016 | $225M | |
Online platform offering games, casino, and sports betting for users. | investsoftech.com | Framingham, United States | 2005 | May 2016 | •••• |
Complete acquisition details for Morningstar
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Morningstar
14 dated milestones of Morningstar across 38 years, from founding to its latest funding, stage changes and deals.
- Founded Morningstar is founded.
- Funding First funding round of $91.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires InvestSoft.
- Acquisition Acquires PitchBook.
- Acquisition Acquires DBRS.
- Acquisition Acquires Firstlinks.
- Acquisition Acquires AdviserLogic.
- Acquisition Acquires PlanPlus Global.
- Acquisition Acquires Sustainalytics.
- Acquisition Acquires Moorgate Benchmarks.
- Funding Latest funding round, Grant, of $23K.
- Acquisition Acquires LCD.
- Acquisition Acquires Henan Yujie Times Automobile.
Competitors of Morningstar
Morningstar has 3 listed competitors in our database. They include Intercontinental Exchange, CME Group and Bloomberg.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ice.com | 1999 | Atlanta, United States | 13,222 | Private and financial market data analytics solutions are provided. | ||
| cmegroup.com | 1848 | Chicago, United States | 3,565 | Online trading and financial data exchange marketplace for capital assets | ||
| bloomberg.com | 1981 | New York, United States | 14,760 | Provider of financial data to enterprises |
Detailed competitors of Morningstar
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Web traffic of Morningstar
The website of Morningstar (morningstar.com) receives about 12.9M visits a month and ranks #4,951 among all websites worldwide, #310 in Investing.
- Monthly visits12.9M
▲ 13.4% vs previous month
- Unique visitors3.4M
per month
- Global rank#4,951
among all websites
- Category rank#310
Finance · Investing
- Bounce rate45%
- Pages per visit3.8
- Average visit3 min 43 sec
- DevicesDesktop 65% · Mobile 35%
Websites whose visitors overlap most with Morningstar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fool.com | 100% | 18.6M | #4,241 | View details | |
| fidelity.com | 92% | 129.5M | #275 | View details | |
| zacks.com | 88% | 4.7M | #13,934 | View details | |
bogleheads.org | bogleheads.org | 85% | #22,578 | – | |
| nasdaq.com | 82% | 9.3M | #7,724 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Morningstar
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Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Morningstar (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 | ||
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | 674 |
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Related news about Morningstar
Complete news archive for Morningstar
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Frequently Asked Questions about Morningstar
Morningstar was founded in 1984 and raised its 1st funding round 15 years after it was founded.
Morningstar is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Kunal Kapoor is the CEO of Morningstar, as recorded in our data.
Morningstar is a funded company, having raised a total of $91M across 5 funding rounds to date. The company's 1st funding round was a Series C of $91M, raised on Jul 1999.
Morningstar has 6 employees.
The primary company behind Morningstar, Morningstar Investment Research India Private Limited, reported revenue of ₹8.02 Cr for FY 2025, up 8% year on year.
Morningstar is engaged in delivering financial data, analytics, and investment research to both individual and professional investors. Services are provided across various sectors including markets, funds, ETFs, stocks, and bonds. Solutions such as Morningstar Direct, DataAnalytics, and Wealth are offered to empower investor success. Content and tools are developed to support portfolio management, market analysis, and sustainable investing. Editorial independence is maintained to ensure unbiased reporting and analysis for users globally.
Morningstar's top competitors include CME Group, Bloomberg and Intercontinental Exchange.
Morningstar offers Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth.
Yes, Morningstar is publicly traded on NASDAQ under the ticker symbol MORN.
Morningstar has made 23 acquisitions, including 10 K Wizard, AdviserLogic, and Aegis Australia.
Morningstar has 2 investors. Key investors include European Union, and SoftBank.