Morningstar is expected to report Q2 2026 revenue of $649.7 million and earnings per share of $2.83, with the stock currently trading at $166.83 against a consensus analyst price target of $227.33.
The primary story for investors is the growth trajectory of the Data and Analytics segment, specifically the performance of the Morningstar DBRS credit rating business.
The company enters the report with strong momentum after significantly beating Q1 estimates with an EPS of $3.18. Analysts are also closely monitoring operating margin expansion as Morningstar continues to scale its higher-margin financial data subscription services amid a broadly constructive environment for investment research providers.