Joe Mansueto, executive chairman of the board, founded Morningstar in 1984.

Our initial public offering was in May 2005. The stock’s first day of trading was May 3, 2005.

Our shares are traded on the Nasdaq Global Select Market (NASDAQ) under the ticker symbol MORN.

As of October 21, 2022, there were 42,446,188 shares of the Company's common stock. This number excludes stock options that are outstanding and/or approved for future grant.

Yes. Our board of directors has authorized a dividend of 37.5 cents per share. The dividend is payable Jan. 31, 2023 to shareholders of record as of Jan. 6, 2023.

While subsequent dividends will be subject to board approval, the company expects to pay three additional dividends in 2023:

Computershare Trust Company sponsors and administers a dividend reinvestment and stock repurchase plan for Morningstar’s common stock. For more information, please visit www.computershare.com/investor.

Our fiscal year is the same as the calendar year. Our quarterly reporting periods end on March 31, June 30, September 30, and December 31.

Our annual report is available online at: global.morningstar.com/US/AnnualReport. If you would like to receive a printed copy of the annual report, please send your request to: investors@morningstar.com.

Yes, we file quarterly reports (10-Qs) with the Securities and Exchange Commission and make these reports available to all investors through our website.

No. Our goal is to communicate equally with all shareholders, without special treatment for large shareholders or research analysts. So instead of holding one-on-one meetings and conference calls, we answer questions from investors in written form on a regular basis. We make those answers available to all shareholders at the same time through regular 8-K filings.

We generate revenue by selling a variety of investment-related products and services. Many of our products, including Morningstar^® Data, Morningstar Direct , PitchBook, and Morningstar^® Advisor Workstation, are sold through license agreements. Our license agreements typically range from one to three years. Some of our other offerings, such as our Premium service on Morningstar.com^®, are sold via subscriptions. These subscriptions are mainly offered for a one-year term. We also sell advertising on our websites and generate transaction-based revenue for credit ratings. In our investment management and retirement offerings, we generate asset-based fees, which are calculated as a percentage of assets under management.

We had 11,716 employees worldwide as of September 30, 2022.

Our company is based in Chicago, Illinois, and we have business operations in each of the following international markets: Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People’s Republic of China (both Hong Kong and the mainland), Poland, Romania, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, and the United Kingdom. Our joint venture in Japan, Morningstar Japan, is publicly traded under ticker 4765 on the Osaka Stock Exchange ‘‘Hercules Market.’’

If you are a current or potential shareholder with questions about Morningstar, please contact:

Sarah Bush
Director, Investor Relations
+1 312 696-6164
investors@morningstar.com

For customer service and product questions, please email premium@morningstar.com or call our product support team at +1 312 384-4000.