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Morningstar
Investment research and investment management
About Morningstar
Morningstar, Inc. is a leading provider of independent investment research and data. The company serves individual investors, financial advisors, and asset managers by offering a wide range of products and services designed to help them make informed investment decisions. Operating in the financial services market, Morningstar's business model revolves around providing subscription-based access to its extensive database of investment information, analytics, and tools. The company generates revenue through subscriptions to its platforms, including Morningstar Advisor Workstation, Morningstar Office Cloud, and Morningstar Cloud, as well as through its managed portfolios and retirement management services. Additionally, Morningstar has a strong focus on Environmental, Social, and Governance (ESG) investing, bolstered by its acquisition of Sustainalytics, a leading ESG research and ratings firm. This acquisition enhances Morningstar's ability to offer comprehensive ESG data and analytics, catering to the growing demand for sustainable investment solutions.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1984
- Headquarters
- Chicago, United States
- Listing
- IPO 2005
- Employees
- 12,290
- Open positions
- None listed
- Dealroom signal
- 63.8/100
- Industry
- Fintech, Enterprise Software
- Sub-industry
- Wealth Management
- Sector
- Fintech, Analytics, Market Intelligence, Data Analytics, Asset Management
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 54 companies, latest Oct 2025
- Capital deployed
- $452M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPO✓Exit | May 2005 | $0 | $141M | Undisclosed | — |
| Other✓Other financing | Jul 1999 | $91M | — | Yoshitaka Kitao | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Morningstar is 10M monthly website visits, up 5.3% over the last three months. Morningstar's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Other known investors2 additional known investors
- YKYoshitaka Kitao
Tecum Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Morningstar on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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