7Baggers

Morningstar, Inc
(NASDAQ:MORN) 

MORN stock logo

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environment...

Founded: 1984
Full Time Employees: 7,692
Sector: Financial Services
Industry: Financial Data & Stock Exchanges
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 
                                                                  
      revenue
    		644,800,000 641,100,000 617,400,000 605,100,000 581,900,000 591,000,000 569,400,000 571,900,000 542,800,000 538,700,000 515,500,000 504,700,000 479,700,000 475,000,000 468,200,000 470,400,000 457,000,000 462,200,000 428,900,000 415,400,000 392,800,000 380,400,000 357,200,000 327,900,000 324,000,000 332,400,000 313,800,000 273,900,000 258,900,000 262,700,000 261,300,000 252,400,000 243,500,000 243,100,000 229,900,000 229,200,000 209,500,000 212,200,000 196,100,000 198,200,000 192,100,000 201,600,000 195,300,000 202,100,000 189,800,000 196,415,000 193,106,000 189,385,000 181,165,000 180,500,000 173,482,000 175,428,000 168,856,000 170,609,000 160,952,000 165,968,000 160,759,000 158,571,000 160,051,000 161,011,000 151,767,000  
      yoy
    		10.81% 8.48% 8.43% 5.81% 7.20% 9.71% 10.46% 13.31% 13.15% 13.41% 10.10% 7.29% 4.97% 2.77% 9.16% 13.24% 16.34% 21.50% 20.07% 26.68% 21.23% 14.44% 13.83% 19.72% 25.14% 26.53% 20.09% 8.52% 6.32% 8.06% 13.66% 10.12% 16.23% 14.56% 17.24% 15.64% 9.06% 5.26% 0.41% -1.93% 1.21% 2.64% 1.14% 6.71% 4.77% 8.82% 11.31% 7.96% 7.29% 5.80% 7.78% 5.70% 5.04% 7.59% 0.56% 3.08% 5.92%      
      qoq
    		0.58% 3.84% 2.03% 3.99% -1.54% 3.79% -0.44% 5.36% 0.76% 4.50% 2.14% 5.21% 0.99% 1.45% -0.47% 2.93% -1.13% 7.76% 3.25% 5.75% 3.26% 6.49% 8.94% 1.20% -2.53% 5.93% 14.57% 5.79% -1.45% 0.54% 3.53% 3.66% 0.16% 5.74% 0.31% 9.40% -1.27% 8.21% -1.06% 3.18% -4.71% 3.23% -3.36% 6.48% -3.37% 1.71% 1.96% 4.54% 0.37% 4.05% -1.11% 3.89% -1.03% 6.00% -3.02% 3.24% 1.38% -0.92% -0.60% 6.09%   
      operating expense:
    		                                                              
      cost of revenue
    		238,900,000 249,200,000 241,700,000 230,600,000 231,400,000 232,200,000 222,700,000 222,700,000 218,100,000 205,400,000 202,900,000 216,400,000 218,800,000 195,000,000 195,400,000 197,600,000 191,300,000 189,600,000 183,100,000 168,400,000 157,300,000 149,600,000 138,700,000 131,100,000 137,000,000 142,100,000 128,400,000 107,500,000 105,100,000 75,550,000 100,000,000 99,800,000 102,400,000 70,800,000 90,900,000 95,300,000 97,000,000 64,075,000 84,900,000 86,100,000 85,300,000 61,300,000 83,400,000 83,200,000 78,700,000 59,310,750 80,142,000 81,387,000 75,714,000 49,624,750 72,422,000            
      sales and marketing
    		115,200,000 119,200,000 115,500,000 119,700,000 112,600,000 117,200,000 107,900,000 111,300,000 104,600,000 100,400,000 106,300,000 109,500,000 107,600,000 93,600,000 89,700,000 91,800,000 81,400,000 73,500,000 72,900,000 66,500,000 61,900,000 55,700,000 52,600,000 47,200,000 50,900,000 48,200,000 44,000,000 45,700,000 40,000,000 28,425,000 35,800,000 39,400,000 38,500,000 25,050,000 31,100,000 36,700,000 32,400,000 17,775,000 23,100,000 25,700,000 22,300,000 18,450,000 23,300,000 25,100,000 25,400,000 20,784,500 26,761,000 27,949,000 28,428,000 19,697,250 22,774,000 28,035,000 27,980,000 20,357,750 25,732,000 27,373,000 28,326,000 20,125,500 27,253,000 26,767,000 26,482,000  
      general and administrative
    		84,000,000 89,600,000 85,900,000 82,000,000 76,500,000 89,000,000 77,600,000 80,300,000 80,300,000 92,000,000 89,700,000 90,100,000 84,000,000 106,100,000 116,900,000 87,100,000 90,300,000 85,900,000 67,000,000 95,700,000 69,800,000 74,200,000 85,800,000 54,600,000 57,400,000 68,700,000 57,200,000 44,000,000 40,800,000 25,900,000 35,400,000 36,000,000 32,200,000 23,300,000 33,300,000 29,700,000 30,200,000 19,025,000 25,800,000 24,700,000 25,600,000 19,975,000 26,000,000 27,800,000 26,100,000 20,731,500 26,384,000 30,438,000 26,104,000 19,465,750 22,416,000 28,120,000 27,327,000 19,272,500 23,966,000 24,946,000 28,178,000 20,813,750 26,431,000 26,207,000 30,617,000  
      depreciation and amortization
    		51,700,000 47,100,000 47,000,000 48,500,000 47,300,000 48,400,000 45,700,000 49,100,000 47,200,000 46,500,000 46,600,000 47,000,000 44,800,000 44,800,000 44,200,000 40,000,000 37,600,000 38,400,000 38,100,000 37,600,000 36,600,000 35,800,000 35,800,000 33,700,000 34,200,000 33,700,000 34,600,000 25,900,000 23,500,000 17,800,000 24,700,000 23,600,000 22,900,000 16,200,000 21,800,000 21,500,000 21,500,000 13,000,000 18,100,000 17,300,000 16,600,000 11,950,000 16,400,000 16,300,000 15,100,000 10,084,000 14,558,000 13,391,000 12,387,000 8,464,500 11,257,000 11,262,000 11,339,000 7,904,000 10,822,000 10,619,000 10,175,000 7,928,000 10,947,000 10,563,000 10,202,000  
      total operating expense
    		489,800,000 505,100,000 490,100,000 480,800,000 467,800,000 486,800,000 453,900,000 463,400,000 450,200,000 444,300,000 445,500,000 463,000,000 455,200,000 439,500,000 446,200,000 416,500,000 400,600,000 387,400,000 361,100,000 368,200,000 325,600,000 315,300,000 312,900,000 266,600,000 279,500,000 292,700,000 264,200,000 223,100,000 209,400,000 147,675,000 195,900,000 198,800,000 196,000,000 135,350,000 177,100,000 183,200,000 181,100,000 113,875,000 151,900,000 153,800,000 149,800,000 111,675,000 149,100,000 152,400,000 145,300,000 126,160,750 147,845,000 214,165,000 142,633,000 97,252,250 128,869,000 131,844,000 128,296,000 94,070,000 121,088,000 124,832,000 130,360,000 92,137,250 126,187,000 122,404,000 119,958,000  
      other operating income
    		900,000 900,000 500,000 800,000                                                           
      operating income
    		155,900,000 159,600,000 127,800,000 125,100,000 114,100,000 168,200,000 115,500,000 108,500,000 92,600,000 94,400,000 70,000,000 41,700,000 24,500,000 35,500,000 22,000,000 53,900,000 56,400,000 74,800,000 67,800,000 47,200,000 67,200,000 65,100,000 44,300,000 61,300,000 44,500,000 39,700,000 49,600,000 50,800,000 49,500,000 49,300,000 65,400,000 53,600,000 47,500,000 42,600,000 52,800,000 46,000,000 28,400,000 49,900,000 44,200,000 44,400,000 42,300,000 50,100,000 46,200,000 49,700,000 44,500,000 46,581,000 45,261,000  38,532,000 41,897,000 44,613,000 43,584,000 40,560,000 39,269,000 39,864,000 41,136,000 30,399,000 34,135,000 33,864,000 38,607,000 31,809,000  
      yoy
    		36.63% -5.11% 10.65% 15.30% 23.22% 78.18% 65.00% 160.19% 277.96% 165.92% 218.18% -22.63% -56.56% -52.54% -67.55% 14.19% -16.07% 14.90% 53.05% -23.00% 51.01% 63.98% -10.69% 20.67% -10.10% -19.47% -24.16% -5.22% 4.21% 15.73% 23.86% 16.52% 67.25% -14.63% 19.46% 3.60% -32.86% -0.40% -4.33% -10.66% -4.94% 7.55% 2.07%  15.49% 11.18% 1.45%  -5.00% 6.69% 11.91% 5.95% 33.43% 15.04% 17.72% 6.55% -4.43%      
      qoq
    		-2.32% 24.88% 2.16% 9.64% -32.16% 45.63% 6.45% 17.17% -1.91% 34.86% 67.87% 70.20% -30.99% 61.36% -59.18% -4.43% -24.60% 10.32% 43.64% -29.76% 3.23% 46.95% -27.73% 37.75% 12.09% -19.96% -2.36% 2.63% 0.41% -24.62% 22.01% 12.84% 11.50% -19.32% 14.78% 61.97% -43.09% 12.90% -0.45% 4.96% -15.57% 8.44% -7.04% 11.69% -4.47% 2.92%   -8.03% -6.09% 2.36% 7.46% 3.29% -1.49% -3.09% 35.32% -10.94% 0.80% -12.29% 21.37%   
      operating margin %
    		24.18% 24.89% 20.70% 20.67% 19.61% 28.46% 20.28% 18.97% 17.06% 17.52% 13.58% 8.26% 5.11% 7.47% 4.70% 11.46% 12.34% 16.18% 15.81% 11.36% 17.11% 17.11% 12.40% 18.69% 13.73% 11.94% 15.81% 18.55% 19.12% 18.77% 25.03% 21.24% 19.51% 17.52% 22.97% 20.07% 13.56% 23.52% 22.54% 22.40% 22.02% 24.85% 23.66% 24.59% 23.45% 23.72% 23.44% 0% 21.27% 23.21% 25.72% 24.84% 24.02% 23.02% 24.77% 24.79% 18.91% 21.53% 21.16% 23.98% 20.96%  
      non-operating expense, net:
    		                                                              
      interest expense
    		-13,700,000 -8,800,000 -7,000,000 -7,400,000 -5,400,000 -7,000,000 -8,900,000 -10,300,000 -11,500,000 -11,500,000 -12,800,000 -14,100,000 -13,300,000 -11,100,000 -10,500,000 -4,400,000 -2,400,000 -1,400,000 -2,300,000 -2,200,000 -2,800,000 -3,000,000 -1,400,000  -3,200,000 -3,900,000 -4,800,000  -700,000 -300,000 -200,000 -700,000                               
      other expense
    		-400,000   -3,100,000              -1,000,000 -3,500,000   -1,525,000 -2,000,000  -7,700,000    -3,200,000                                  
      non-operating expense
    		-14,100,000   -8,600,000 -5,600,000   -19,000,000 -5,600,000                -11,300,000                                      
      income before income taxes and equity in investments of unconsolidated entities
    		141,800,000 150,900,000 123,100,000 116,500,000 108,500,000 162,900,000 151,900,000 89,500,000 87,000,000 90,300,000 57,400,000 31,700,000 2,100,000                                                  
      equity in investments of unconsolidated entities
    		-100,000 600,000 -100,000 -1,200,000 -2,600,000 -12,100,000 -2,600,000 -1,200,000 -1,500,000 -2,700,000 -1,600,000 -1,800,000 -1,300,000                                                  
      income tax expense
    		34,600,000 36,400,000 31,400,000 26,300,000 27,400,000 33,900,000 29,600,000  21,300,000 14,100,000 16,700,000 -6,200,000 8,400,000 26,400,000 5,400,000 7,400,000 17,300,000 18,500,000 16,100,000 13,900,000 14,100,000 19,100,000 16,900,000 15,200,000 8,500,000 9,100,000 13,300,000 11,700,000 11,500,000 5,500,000 16,100,000 12,800,000 13,400,000 2,700,000 16,900,000 15,000,000 8,300,000 17,200,000 16,500,000 15,400,000 14,600,000 14,500,000 14,600,000 18,700,000 14,800,000 15,490,000 15,149,000  13,650,000 13,384,000 14,265,000 15,955,000 12,427,000 11,437,000 15,186,000 14,744,000 11,511,000 8,073,000 12,343,000 12,724,000 10,518,000  
      consolidated net income
    		107,100,000 115,100,000 91,600,000 89,000,000 78,500,000 116,900,000 119,700,000 69,100,000 64,200,000 73,500,000 39,100,000 36,100,000 -7,600,000 3,300,000 -9,000,000 30,100,000 46,100,000 56,500,000 49,000,000 32,900,000 54,900,000 75,300,000 76,200,000 48,200,000 23,900,000 27,600,000 49,100,000 42,100,000 33,200,000 42,400,000 56,900,000 41,800,000 41,900,000 38,900,000 33,900,000 46,100,000 18,000,000 70,300,000 30,200,000 31,800,000 28,700,000 37,300,000 33,500,000 32,200,000 29,800,000 31,536,000 30,151,000  26,346,000 31,298,000 31,434,000 31,100,000 29,575,000 32,929,000 27,036,000 27,884,000 20,113,000 28,018,000 21,370,000 26,487,000 22,439,000  
      net income per share
    		                                                              
      basic
    		2.74 2.81 2.18 2.11 1.83 2.73 2.79 1.61 1.5 1.72 0.92 0.85 -0.18 0.08 -0.21 0.71 1.07 1.32 1.14 0.77 1.28 1.76 1.78 1.13 0.56 0.65 1.15 0.99 0.78 0.825 1.33 0.98 0.99 0.573 0.8 1.07 0.42 0.528 0.7 0.74 0.67 0.538 0.76 0.73 0.67 0.26 0.67 -0.22 0.59 0.498 0.68 0.67 0.64 0.383 0.56 0.57 0.4 0.56 0.42 0.53 0.45  
      diluted
    		2.73 2.79 2.17 2.09 1.82 2.71 2.77 1.6 1.49 1.71 0.91 0.84 -0.18 0.08 -0.21 0.7 1.06 1.29 1.13 0.76 1.27 1.75 1.76 1.12 0.55 0.63 1.14 0.98 0.77 0.818 1.32 0.97 0.98 0.57 0.79 1.07 0.42 0.523 0.7 0.73 0.67 0.538 0.76 0.72 0.67 0.26 0.67 -0.22 0.58 0.495 0.68 0.66 0.63 0.378 0.56 0.56 0.4 0.55 0.42 0.52 0.44  
      dividends per common share:
    		                                                              
      dividends declared per common share
    		0.5 0.5 0.46 0.46 0.46 0.45 0.41 0.41 0.41 0.4 0.38 0.38 0.38 0.74  0.36 0.36 0.68  0.32 0.32 0.62  0.3 0.3 0.58  0.28 0.28 0.53  0.25 0.25 0.48  0.23 0.23 0.23 0.22 0.22 0.22 0.22 0.19 0.19 0.19 0.19 0.17 0.17 0.17 0.295  0.13 0.13 0.13 0.1 0.1 0.1 0.1 0.05    
      dividends paid per common share
    		0.5 0.45 0.46 0.46 0.46 0.4 0.41 0.41 0.41 0.37 0.38 0.38 0.38 0.36 0.36 0.36 0.36 0.31 0.32 0.32 0.32 0.3 0.3 0.3 0.3 0.28 0.28 0.28 0.28 0.25 0.25 0.25 0.25 0.23 0.23 0.23 0.23 0.22 0.22 0.22 0.22 0.19 0.19 0.19 0.19 0.17 0.17 0.17 0.17 0.125 0.13 0.13  0.23 0.1 0.1 0.1      
      weighted-average shares outstanding:
    		                                                              
      basic
    		39.1 41.9 42.1 42.2 42.8 42.8 42.9 42.8 42.7 42.6 42.7 42.6 42.5 42.6 42.5 42.6 43 43 43.1 43 42.9 42.9 42.9 42.9 42.9 42.7 42.8 42.7 42.6 42.6 42.6 42.6 42.5 42.7 42.5 42.9 42.9  43.1 43 43  44.2 44.3 44.3  44,734 44,777 44,777  46,080 46,400 46,406 48,497 47,975 49,195 49,938 50,032 50,278 50,165   
      diluted
    		39.3 42.2 42.3 42.5 43.1 43.1 43.2 43.1 43 42.9 42.9 42.8 42.8 42.9 42.7 42.9 43.3 43.4 43.4 43.3 43.3 43.2 43.2 43.2 43.3 43.2 43.2 43.1 43 43 43.1 43 42.9 43 42.8 43.1 43.2  43.3 43.3 43.1  44.3 44.4 44.5  44,889 44,777 45,093  46,519 46,853 46,814 49,148 48,481 49,856 50,758 50,988 51,123 51,142   
      non-operating income, net:
    		                                                              
      gain on sale of business
    		      45,300,000                           4,375,000  17,500,000                           
      other income
    		 100,000 2,300,000  -500,000 1,200,000 -500,000 -8,900,000 3,300,000 6,900,000 -1,700,000 3,800,000 2,500,000   -7,100,000 8,000,000   -800,000 1,600,000   3,600,000  -600,000 -1,100,000 1,800,000  550,000 1,600,000 2,000,000      1,200,000 1,800,000 2,600,000 400,000 200,000 1,200,000      304,000  261,000    161,000     188,000   
      non-operating income
    		 -8,700,000 -4,700,000   -5,300,000 36,400,000   -11,250,000 -12,600,000 -10,000,000 -22,400,000   -14,600,000 6,600,000 -600,000 -4,600,000 -1,400,000 100,000 28,300,000 48,200,000 2,600,000  -4,000,000 13,900,000 2,300,000 -3,300,000 -900,000 7,300,000 1,400,000 9,300,000 -700,000  15,300,000  38,500,000 2,100,000 3,000,000 500,000 1,400,000 1,400,000 600,000  1,839,000  5,898,000 865,000 2,529,000 771,000 3,111,000 945,000 -577,000 1,880,000 995,000 659,000 1,505,000  9,000 774,000  
      net realized gains on sale of investments, reclassified from other comprehensive income
    		   1,900,000 300,000                                                          
      realized gain on sale of investments, reclassified from other comprehensive income
    		     825,000 500,000 200,000 2,600,000 500,000 1,900,000 300,000 200,000                                                  
      expense from equity method transaction
    		            -11,800,000                                                  
      income tax benefit
    		       19,200,000                                                       
      non-operating loss, net:
    		                                                              
      realized gains on sale of investments, reclassified from other comprehensive income
    		               -3,100,000 1,000,000 900,000 1,200,000 1,600,000 1,300,000 900,000 700,000                                        
      other loss
    		             -3,225,000 -13,800,000                                                
      non-operating loss
    		             -8,075,000 -24,300,000                                                
      income before income taxes and equity in net income of unconsolidated entities
    		             30,600,000 -2,300,000 39,300,000 63,000,000 74,200,000 63,200,000 45,800,000 67,300,000 93,400,000 92,500,000 63,900,000  40,700,000 63,500,000 53,100,000  48,400,000 72,700,000   41,900,000 50,800,000 61,300,000 27,100,000 88,400,000 46,300,000 47,400,000 42,800,000 51,500,000 47,600,000 50,300,000 44,100,000 48,420,000 44,963,000  39,397,000 44,426,000 45,384,000 46,695,000 41,505,000 38,692,000 41,744,000 42,131,000 31,058,000 35,640,000 33,285,000 38,616,000 32,583,000  
      equity in net income of unconsolidated entities
    		             -900,000 -1,300,000 -1,800,000 400,000 800,000 1,900,000 1,000,000 1,700,000 1,000,000 600,000 -500,000  -475,000 -1,100,000 700,000  -500,000 300,000       175,000 400,000  500,000 300,000 500,000 600,000 500,000 -1,394,000 337,000 497,000 599,000 256,000 315,000 360,000 497,000 486,000 478,000 497,000 566,000 451,000 428,000 595,000 374,000  
      holding gain on previously-held equity interest
    		                     12,725,000 50,900,000                                        
      gain on sale of equity method investments
    		                                                              
      interest income
    		                       -1,900,000    700,000          75,000  100,000 200,000 125,000 200,000 100,000 200,000 433,500 515,000 634,000 585,000 508,750 630,000 664,000 741,000 962,000 1,719,000 1,260,000 869,000 285,500 797,000  524,000  
      gain on sale of investments, reclassified from other comprehensive income
    		                       900,000 -400,000 500,000 300,000 -200,000 600,000 225,000 300,000 100,000 500,000 275,000 300,000 300,000 500,000 125,000 300,000 300,000  100,000  500,000  126,250 158,000 371,000  276,500  423,000 725,000          
      income before income taxes and equity in net loss of unconsolidated entities
    		                        33,200,000    46,200,000   55,000,000 56,800,000                              
      equity in net loss of unconsolidated entities
    		                        -800,000    -1,500,000   -400,000                               
      gain on sale of product line
    		                             2,625,000   10,500,000                              
      gain on sale of equity investments
    		                          19,500,000   1,400,000 5,600,000                                
      non-operating income:
    		                                                              
      net income attributable to noncontrolling interest
    		                                                              
      net income attributable to morningstar, inc.
    		                                     70,300,000 30,200,000 31,800,000 28,700,000 37,300,000 33,500,000 32,200,000 29,700,000 31,514,000 30,180,000 -9,769,000 26,376,000 31,327,000 31,463,000 31,121,000 29,618,000 32,984,000 27,070,000 27,888,000 20,137,000 27,955,000 21,380,000 26,485,000 22,537,000  
      loss on sale of investments, reclassified from other comprehensive income
    		                                                              
      litigation settlement
    		                                             15,250,000  61,000,000               
      holding gain upon acquisition of additional ownership of equity and cost method investments
    		                                             1,292,000  5,168,000               
      net loss attributable to the noncontrolling interest
    		                                             16,000 29,000 5,000 30,000 23,250 29,000 21,000 43,000 15,500 34,000 4,000 24,000 26,500 10,000  98,000  
      net income attributable to the noncontrolling interest
    		                                                              
      operating expense :
    		                                                              
      holding gain upon acquisition of additional ownership of equity method investments
    		                                                 908,750  3,713,000           
      cost of goods sold
    		                                                   50,273,000 48,010,000 36,869,750 47,711,000 49,452,000 50,316,000 33,482,250 48,074,000 45,186,000 40,669,000  
      development
    		                                                   14,154,000 13,640,000 9,666,000 12,857,000 12,442,000 13,365,000 9,787,750 13,482,000 13,681,000 11,988,000  
      gain on sale of investments reclassified from other comprehensive income
    		                                                         67,500     
      other income (expense)
    		                                                            250,000  
      weighted average shares outstanding:
    		                                                              
      basic
    		                                                            49,800  
      diluted
    		                                                            50,953  
      includes stock-based compensation expense of:
    		                                                              
      total stock-based compensation expense
    		                                                            3,649  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2007-12-31 
                                                                     
        assets
      		                                                               
        current assets:
      		                                                               
        cash and cash equivalents
      		492,800,000 474,500,000 474,200,000 503,500,000 511,500,000 502,700,000 552,900,000 391,200,000 353,700,000 337,900,000 325,000,000 343,300,000 352,200,000 376,600,000 372,700,000 380,200,000 483,500,000 483,800,000 427,000,000 387,600,000 383,600,000 422,500,000 351,100,000 353,700,000 322,500,000 334,100,000 321,800,000 383,800,000 349,100,000 369,300,000 323,000,000 307,100,000 311,000,000 308,200,000 270,300,000 285,600,000 265,800,000 259,100,000 219,400,000 202,400,000 185,200,000 207,100,000 223,700,000 225,600,000 204,600,000 185,150,000 189,318,000 176,254,000 204,633,000 168,160,000 176,959,000 169,810,000 224,892,000 163,889,000 152,181,000 147,499,000 165,348,000 200,437,000 174,270,000 195,023,000 193,374,000 180,176,000  
        investments
      		39,400,000 54,200,000 40,300,000 38,100,000 47,700,000 48,300,000 48,800,000 48,000,000 55,400,000 51,100,000 38,700,000 34,900,000 33,200,000 38,000,000 34,400,000 36,600,000 61,400,000 62,300,000 60,300,000 61,400,000 50,100,000 41,700,000 26,700,000 29,500,000 26,300,000 33,400,000 31,000,000 30,100,000 29,500,000 26,600,000 43,700,000 44,800,000 44,400,000 45,100,000 53,700,000 54,000,000 51,700,000 44,900,000 45,700,000 43,800,000 41,500,000 41,500,000 39,300,000 33,000,000 38,600,000 39,422,000 38,490,000 44,696,000 59,340,000 130,407,000 165,918,000 144,973,000 103,436,000 157,529,000 190,899,000 242,379,000 278,298,000 269,755,000 258,749,000 235,216,000 191,886,000 185,240,000  
        accounts receivables
      		402,600,000 390,400,000 363,900,000 384,000,000 342,100,000 358,100,000 328,400,000 336,400,000 326,200,000 343,900,000 298,000,000 321,800,000 297,900,000 307,900,000 284,500,000 307,300,000 276,400,000 268,900,000 239,300,000 231,000,000 229,100,000 205,100,000 186,900,000 181,400,000 184,700,000 188,500,000 168,000,000 169,200,000 173,800,000 172,200,000 172,400,000 163,500,000 158,200,000 148,200,000 148,200,000 143,600,000 142,300,000 145,800,000 124,300,000 137,300,000 148,100,000 139,300,000 124,100,000 143,900,000 142,200,000 136,735,000 124,966,000 135,017,000 131,464,000 114,131,000 113,688,000 110,646,000 117,744,000 114,361,000 119,877,000 117,016,000 121,396,000 113,312,000 110,444,000 111,518,000 115,259,000 110,891,000  
        income tax receivable
      		15,400,000 16,200,000 12,900,000 18,000,000 9,400,000 12,400,000    600,000 8,800,000 15,100,000   9,500,000 12,500,000  8,900,000 10,600,000 14,400,000  2,200,000 7,200,000  5,700,000 6,300,000 400,000 1,100,000  1,800,000 7,800,000 7,800,000              6,870,000 4,427,000 18,616,000  3,942,000 3,451,000 6,492,000 2,672,000 14,267,000 5,277,000 7,911,000 3,554,000 7,445,000 10,045,000 14,381,000 9,361,000 10,459,000  
        deferred commissions
      		36,500,000 35,400,000 34,900,000 38,600,000 37,200,000 39,200,000 40,900,000 40,500,000 41,600,000 41,900,000 41,700,000 42,700,000 42,100,000 40,700,000 36,900,000 35,300,000 34,200,000 31,200,000 26,900,000 25,000,000 22,500,000 21,100,000 18,600,000 17,600,000 17,100,000 16,900,000 15,800,000 13,500,000 16,100,000 14,800,000 14,200,000 14,900,000 16,700,000                               
        prepaid expenses
      		57,100,000 42,500,000 41,800,000 49,300,000 53,500,000 42,100,000 44,000,000 45,300,000 48,600,000 34,900,000 41,300,000 45,800,000 48,300,000 36,700,000 39,600,000 43,200,000 44,400,000 30,600,000 31,200,000 38,200,000 39,800,000                                           
        other current assets
      		19,500,000 24,800,000 11,200,000 10,800,000 10,900,000 11,300,000 7,800,000 14,400,000 5,100,000 5,400,000 4,700,000 3,700,000 7,600,000 10,900,000 11,200,000 3,000,000 2,900,000 1,900,000 1,700,000 1,600,000 5,700,000 37,400,000 32,100,000 31,300,000 24,400,000 24,000,000 23,700,000 22,200,000 18,000,000 16,900,000 22,800,000 28,000,000 19,400,000  25,700,000 24,200,000 26,300,000  23,700,000 25,500,000 25,600,000  22,500,000 22,400,000 22,300,000  23,619,000 21,565,000 25,124,000  26,229,000             
        total current assets
      		1,063,300,000 1,038,000,000 979,200,000 1,042,300,000 1,012,300,000 1,014,100,000 1,022,800,000 875,800,000 830,600,000 815,700,000 758,200,000 807,300,000 781,300,000 810,800,000 788,800,000 818,100,000 902,800,000 887,600,000 797,000,000 759,200,000 730,800,000 730,000,000 622,600,000 613,500,000 580,700,000 603,200,000 560,700,000 619,900,000 586,500,000 601,600,000 583,900,000 566,100,000 549,700,000 529,800,000 497,900,000 507,400,000 486,100,000 472,000,000 413,100,000 409,000,000 400,400,000 409,900,000 420,100,000 435,400,000 418,500,000 399,773,000 388,344,000 402,585,000 424,942,000 446,893,000 489,400,000 462,385,000 480,178,000 474,610,000 492,936,000 541,991,000 594,030,000 612,033,000 573,398,000 575,422,000 527,978,000 507,280,000  
        goodwill
      		1,747,200,000 1,610,800,000 1,614,700,000 1,618,200,000 1,601,100,000 1,562,000,000 1,579,600,000 1,569,500,000 1,574,100,000 1,578,800,000 1,569,000,000 1,584,700,000 1,577,200,000 1,571,700,000 1,542,400,000 1,578,900,000 1,202,600,000 1,207,000,000 1,209,000,000 1,208,700,000 1,201,900,000 1,205,000,000 1,178,100,000 1,025,300,000 1,013,200,000 1,039,100,000 1,015,800,000 556,500,000 557,300,000 556,700,000 559,200,000 560,700,000 567,400,000 564,900,000 565,400,000 561,500,000 558,300,000 556,800,000 370,700,000 371,500,000 367,900,000 364,200,000 359,900,000 364,200,000 359,800,000 370,054,000 378,969,000 388,837,000 327,936,000 326,450,000 326,741,000 321,425,000 315,784,000 320,845,000 321,134,000 316,963,000 322,016,000 318,492,000 319,367,000 326,543,000 325,318,000 317,661,000  
        intangible assets
      		591,400,000 379,300,000 396,000,000 413,300,000 420,400,000 408,800,000 432,500,000 443,100,000 463,400,000 484,400,000 495,400,000 518,500,000 532,600,000 548,600,000 559,100,000 593,200,000 321,600,000 328,200,000 344,200,000 353,000,000 364,800,000 380,100,000 382,800,000 310,500,000 306,200,000 333,400,000 335,700,000 64,700,000 68,800,000 73,900,000 79,300,000 84,200,000 90,200,000 95,400,000 100,900,000 105,800,000 114,700,000 120,900,000 65,300,000 70,000,000 70,300,000 74,200,000 77,100,000 83,500,000 87,900,000 95,905,000 103,443,000 111,779,000 98,947,000 103,909,000 109,269,000 112,073,000 109,717,000 116,732,000 122,832,000 127,377,000 134,994,000 139,809,000 147,311,000 156,940,000 162,569,000 169,023,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 930.2 million and 899.9 million, respectively
      		234,800,000                                                               
        operating lease assets
      		166,000,000 159,000,000 164,400,000 164,500,000 172,100,000 181,200,000 157,500,000 148,100,000 156,500,000 163,900,000 163,400,000 173,600,000 184,600,000 191,600,000 185,500,000 139,700,000 145,400,000 149,200,000 128,100,000 136,900,000 138,900,000 147,700,000 152,400,000 153,400,000 147,000,000 144,800,000 138,200,000 111,800,000 118,800,000                                   
        investments in unconsolidated entities
      		50,300,000 50,300,000 71,800,000 77,200,000 76,200,000 85,300,000 96,000,000 97,300,000 96,100,000 100,200,000 104,800,000 114,800,000 117,700,000 96,000,000 96,900,000 96,600,000 64,100,000 63,300,000 51,000,000 47,400,000 38,500,000 32,600,000 36,900,000 62,800,000 58,800,000 59,600,000 59,900,000 61,400,000 61,900,000 63,100,000 58,400,000 57,100,000 61,200,000 62,000,000 61,500,000 37,100,000 39,200,000 40,300,000 51,000,000 50,600,000 49,300,000 35,600,000 35,400,000 34,900,000 29,300,000 28,798,000 30,428,000 30,287,000 39,176,000 38,714,000 38,376,000 36,087,000 35,635,000 35,305,000 38,278,000 34,271,000 34,943,000 27,642,000 24,761,000 24,424,000 24,664,000 24,262,000  
        deferred tax assets
      		86,000,000 78,700,000 65,700,000 51,900,000 45,900,000 43,200,000 30,900,000 24,200,000 19,700,000 14,600,000 10,400,000   10,800,000         10,800,000 10,500,000                                        
        other assets
      		17,500,000 12,100,000 10,400,000 8,700,000 9,100,000 8,800,000 7,100,000 7,400,000 8,200,000 8,800,000 8,900,000 9,500,000 10,300,000 10,500,000 10,600,000 11,500,000 10,900,000 11,700,000 12,600,000 13,900,000 11,400,000 14,400,000 13,300,000 13,900,000 13,200,000 11,900,000 9,000,000 5,100,000 5,800,000 4,700,000 4,400,000 5,000,000 11,200,000 6,200,000 6,800,000 10,300,000 7,500,000 8,800,000 9,400,000 9,600,000 10,800,000 10,600,000 6,800,000 7,000,000 8,900,000 7,190,000 6,407,000 7,835,000 8,978,000 9,716,000 11,357,000 11,537,000 12,420,000 10,438,000 8,330,000 7,801,000 6,826,000 5,912,000 5,726,000 7,675,000 7,335,000 5,971,000  
        total assets
      		3,986,300,000 3,590,200,000 3,557,600,000 3,630,500,000 3,586,300,000 3,548,900,000 3,566,300,000 3,403,500,000 3,389,400,000 3,403,400,000 3,344,100,000 3,457,900,000 3,450,700,000 3,474,800,000 3,415,100,000 3,465,900,000 2,869,400,000 2,862,700,000 2,744,400,000 2,712,000,000 2,675,300,000 2,696,000,000 2,563,000,000 2,350,900,000 2,292,000,000 2,370,900,000 2,282,500,000 1,572,300,000 1,551,600,000 1,453,800,000 1,439,500,000 1,427,200,000 1,436,500,000 1,405,700,000 1,383,700,000 1,376,000,000 1,355,600,000 1,350,900,000 1,059,500,000 1,052,000,000 1,032,700,000 1,029,000,000 1,023,600,000 1,047,600,000 1,025,800,000 1,019,281,000 1,020,175,000 1,051,223,000 1,007,417,000 1,030,668,000 1,074,150,000 1,039,057,000 1,045,549,000 1,041,952,000 1,061,383,000 1,105,779,000 1,166,385,000 1,172,084,000 1,134,266,000 1,153,066,000 1,110,228,000 1,086,302,000 643,652 
        liabilities and equity
      		                                                               
        current liabilities:
      		                                                               
        deferred revenue
      		669,300,000 586,100,000 563,900,000 594,200,000 595,300,000 540,800,000 539,500,000 548,200,000 565,200,000 517,700,000 486,900,000 506,300,000 502,300,000 455,600,000 424,800,000 457,400,000 428,600,000 377,400,000 364,500,000 378,800,000 363,100,000 306,800,000 293,200,000 287,300,000 279,100,000 250,100,000 240,000,000 232,900,000 233,000,000 195,800,000 189,000,000 208,000,000 205,800,000 171,300,000 174,100,000 185,300,000 187,900,000 165,400,000 144,900,000 154,900,000 161,000,000 140,700,000 155,100,000 163,100,000 160,200,000 145,979,000 150,051,000 161,921,000 159,591,000 149,225,000 151,850,000 155,059,000 162,074,000 146,015,000 164,360,000 167,531,000 171,013,000 155,494,000 146,877,000 156,760,000 157,660,000 146,267,000 129,302 
        accrued compensation
      		144,900,000 294,200,000 231,000,000 179,500,000 132,600,000 272,200,000 216,000,000 166,200,000 122,900,000 214,400,000 180,600,000 169,400,000 133,600,000 220,100,000 194,900,000 149,800,000 153,300,000 273,700,000 220,000,000 185,100,000 105,900,000 169,200,000 128,200,000 91,300,000 70,200,000 137,500,000 107,700,000 72,000,000 55,700,000 109,500,000 85,600,000 69,800,000 52,800,000 92,000,000 72,400,000 63,700,000 46,100,000 71,700,000 57,700,000 50,400,000 38,900,000 80,900,000 68,000,000 58,900,000 41,300,000 80,476,000 67,692,000 58,409,000 41,718,000 71,403,000 60,745,000 50,326,000 36,139,000 67,317,000 55,131,000 48,383,000 39,951,000 73,124,000 59,908,000 50,089,000 36,799,000 62,404,000  
        accounts payable and accrued liabilities
      		104,600,000 97,900,000 90,400,000 90,200,000 92,600,000 87,300,000 80,400,000 77,100,000 72,000,000 78,400,000 70,100,000 69,000,000 69,600,000 76,200,000 67,100,000 80,100,000 72,700,000 76,500,000 50,500,000 55,800,000 57,600,000 64,500,000 53,700,000 59,000,000 56,500,000 58,900,000 36,900,000 45,300,000 46,500,000 54,400,000 42,500,000 47,300,000 49,100,000 49,200,000 32,600,000 46,200,000 47,100,000 44,600,000 35,000,000 40,100,000 41,300,000 39,200,000 34,400,000 36,000,000 35,800,000 34,268,000 38,495,000 97,251,000 39,790,000 52,877,000 35,984,000 47,639,000 44,777,000 43,777,000 40,356,000 45,858,000 46,032,000 41,403,000 42,184,000 38,646,000 40,528,000 42,680,000  
        current portion of long-term debt
      		18,200,000        32,100,000 32,100,000 32,100,000 32,100,000 32,100,000 32,100,000 32,100,000 29,400,000       11,000,000 11,000,000 11,000,000 11,000,000                                      
        operating lease liabilities
      		42,700,000 41,800,000 39,900,000 39,300,000 37,700,000 35,100,000 32,200,000 32,000,000 34,700,000 36,400,000 36,000,000 36,300,000 36,100,000 37,300,000 37,100,000 36,700,000 37,400,000 36,400,000 31,500,000 35,000,000 37,700,000 39,900,000 38,600,000 37,100,000 35,900,000 35,800,000 33,300,000 29,600,000 29,100,000                                   
        income tax payable
      		43,100,000 24,000,000 9,600,000 8,000,000 46,700,000 30,500,000                                     12,000,000 8,400,000 6,100,000                   
        other current liabilities
      		7,900,000 9,300,000 10,700,000 9,800,000 7,400,000 1,400,000 27,800,000 13,900,000 19,900,000 1,800,000 3,800,000 1,800,000 70,700,000 11,200,000 4,000,000 2,400,000 11,500,000 2,200,000 9,200,000 12,200,000 12,800,000 11,100,000 1,500,000 4,500,000 3,700,000 2,500,000 2,800,000 1,600,000 8,500,000 3,100,000 4,200,000 5,700,000 19,600,000 10,700,000 15,500,000 6,600,000 18,800,000 13,200,000 16,600,000 8,200,000 7,600,000 8,600,000 3,500,000 3,600,000 4,800,000 3,036,000 4,632,000 4,607,000 6,758,000 6,786,000 6,760,000             
        total current liabilities
      		1,030,700,000 1,053,300,000 945,500,000 921,000,000 912,300,000 967,300,000 895,900,000 837,400,000 846,800,000 880,800,000 809,500,000 814,900,000 844,400,000 882,500,000 806,400,000 801,300,000 720,500,000 783,500,000 693,400,000 685,100,000 610,600,000 626,500,000 559,700,000 490,200,000 456,400,000 495,800,000 431,700,000 381,400,000 372,800,000 362,800,000 321,300,000 330,800,000 327,300,000 323,200,000 294,600,000 301,800,000 299,900,000 294,900,000 314,200,000 328,600,000 323,800,000 304,400,000 273,000,000 305,000,000 293,200,000 293,759,000 290,887,000 322,188,000 247,857,000 280,291,000 255,339,000 253,296,000 243,232,000 257,365,000 260,166,000 262,139,000 257,366,000 270,633,000 249,291,000 246,256,000 236,433,000 252,724,000  
        deferred tax liabilities
      		21,500,000 27,200,000 27,200,000 29,900,000 29,800,000 27,600,000 29,900,000 30,400,000 32,800,000 35,600,000 52,300,000 58,200,000 65,700,000 62,900,000 72,500,000 86,700,000 93,700,000 101,700,000 104,700,000 107,400,000 106,900,000 108,900,000 109,300,000 93,100,000                                        
        long-term debt
      		1,694,600,000 1,072,600,000 848,900,000 838,800,000 803,700,000 698,600,000 864,700,000 899,600,000 917,300,000 940,300,000 1,023,400,000 1,121,400,000 1,099,400,000 1,077,500,000 1,125,500,000 1,147,000,000 504,400,000 359,400,000 374,300,000 374,300,000 404,200,000 449,100,000 473,900,000 476,700,000 519,400,000 502,100,000 11,000,000 15,000,000 30,000,000 70,000,000 90,000,000 125,000,000 150,000,000 180,000,000 205,000,000 230,000,000 235,000,000 250,000,000                          
        other long-term liabilities
      		14,400,000 14,300,000 13,700,000 13,700,000 12,800,000 11,400,000 20,100,000 18,600,000 17,600,000 17,500,000 15,200,000 14,800,000 14,000,000 13,900,000 14,800,000 15,000,000 14,600,000 13,800,000 15,600,000 16,600,000 33,500,000 33,800,000 35,000,000 15,400,000 11,400,000 11,400,000 12,200,000 15,100,000 14,600,000 13,600,000 18,600,000 20,300,000 20,600,000 35,400,000 30,100,000 32,300,000 30,800,000 35,900,000 33,500,000 30,300,000 26,700,000 29,900,000 11,000,000 9,500,000 11,000,000 10,810,000 10,839,000 10,520,000 10,064,000 13,947,000 15,714,000 21,812,000 21,248,000 12,460,000 8,262,000 8,550,000 8,413,000 22,771,000 25,930,000 26,256,000 26,468,000 27,213,000  
        total liabilities
      		2,967,600,000 2,368,300,000 2,043,600,000 2,016,000,000 1,977,100,000 1,930,300,000 2,000,600,000 1,969,800,000 2,006,300,000 2,075,600,000 2,100,000,000 2,222,300,000 2,246,000,000 2,267,700,000 2,236,100,000 2,225,100,000 1,517,700,000 1,446,800,000 1,358,900,000 1,362,200,000 1,353,900,000 1,424,600,000 1,385,900,000 1,264,000,000 1,259,300,000 1,287,300,000 1,240,600,000 568,900,000 583,400,000 519,100,000 511,900,000 555,800,000 578,200,000 600,800,000 604,500,000 636,900,000 636,900,000 654,100,000 397,500,000 412,600,000 402,200,000 388,400,000 343,500,000 377,700,000 364,800,000 364,883,000 349,656,000 382,561,000 310,700,000 339,378,000 315,674,000 321,781,000 306,427,000 315,057,000 304,652,000 308,554,000 302,119,000 315,068,000 298,138,000 296,844,000 286,475,000 304,877,000  
        equity:
      		                                                               
        morningstar, inc. shareholders’ equity:
      		                                                               
        common stock
      		                                             4,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000  
        property, equipment, and capitalized software
      		 231,900,000    218,900,000    207,700,000    199,400,000    171,800,000    155,100,000    154,700,000    143,500,000    147,400,000    152,100,000    134,500,000    117,561,000    104,986,000  95,550,000 91,815,000 84,022,000 77,873,000 77,376,000 73,576,000 68,196,000 63,703,000 62,062,000 62,364,000 62,105,000  
        treasury stock
      		 -1,785,700,000    -993,900,000    -985,500,000   -986,700,000 -986,700,000   -874,900,000 -764,300,000 -764,300,000 -765,100,000 -767,300,000 -767,300,000 -765,900,000 -747,400,000 -748,700,000 -728,700,000 -729,400,000 -730,400,000 -731,400,000 -726,800,000 -717,000,000 -717,500,000                                
        additional paid-in capital
      		 869,500,000    822,700,000    789,000,000    757,800,000    689,000,000    671,300,000  659,900,000 657,200,000 655,000,000 646,900,000 640,100,000 633,700,000 621,700,000 616,300,000 611,700,000 607,900,000 601,000,000 595,400,000 589,900,000 589,300,000 584,000,000 580,800,000 578,000,000 579,900,000 575,500,000 571,700,000 569,000,000 568,300,000 561,075,000 553,172,000 545,624,000 545,358,000 539,507,000 533,146,000 529,334,000 528,754,000 521,285,000 509,896,000 503,480,000 502,488,000 491,432,000 483,822,000 476,456,000 471,079,000 458,426,000  
        retained earnings
      		 2,206,200,000    1,909,200,000    1,610,800,000    1,535,000,000    1,526,500,000    1,389,400,000  1,264,300,000 1,229,000,000 1,217,900,000 1,215,300,000 1,166,200,000 1,136,100,000 1,114,800,000 1,095,000,000 1,038,100,000 1,007,000,000 958,700,000 940,200,000 906,300,000 870,000,000 861,900,000 801,500,000 780,800,000 758,400,000 739,200,000 711,400,000 686,400,000 662,800,000 641,527,000 618,484,000 595,911,000 613,326,000 594,626,000 576,828,000 545,347,000 520,096,000 496,354,000 469,295,000 447,026,000 424,086,000 409,022,000 386,148,000 367,310,000 343,402,000 323,408,000  
        accumulated other comprehensive loss:
      		                                                               
        currency translation adjustment
      		 -68,100,000    -119,300,000    -86,400,000    -99,000,000    -40,800,000    -25,700,000   -103,400,000 -63,000,000 -92,200,000 -73,900,000 -71,100,000 -74,500,000 -68,100,000 -62,000,000                9,922,000 7,056,000 4,609,000 4,126,000   8,925,000 7,548,000 191,000 8,984,000 1,936,000 4,431,000 17,070,000 13,819,000 4,503,000  
        unrealized gain on available-for-sale investments, net of tax
      		     -100,000    -100,000                                                      
        total accumulated other comprehensive loss
      		 -68,100,000    -119,400,000    -86,500,000    -99,000,000    -35,300,000    -22,000,000   -104,800,000 -60,600,000 -90,900,000 -72,500,000 -70,200,000 -75,000,000 -66,700,000 -60,900,000                                
        total equity
      		 1,221,900,000    1,618,600,000    1,327,800,000    1,207,100,000    1,415,900,000    1,271,400,000   1,032,700,000 1,083,600,000 1,041,900,000 1,003,400,000 968,200,000 934,700,000 927,600,000 871,400,000 858,300,000 804,900,000 779,200,000 739,100,000 718,700,000 696,800,000 662,000,000 639,400,000 630,500,000 640,600,000 680,100,000 669,900,000 661,000,000 654,398,000 670,519,000 668,662,000 696,717,000 691,290,000 758,476,000 717,276,000 739,122,000 726,895,000 756,731,000 797,225,000 864,266,000 857,016,000 836,128,000 856,222,000 823,753,000 781,425,000 402,415 
        total liabilities and equity
      		 3,590,200,000    3,548,900,000    3,403,400,000    3,474,800,000    2,862,700,000    2,696,000,000   2,292,000,000 2,370,900,000 2,282,500,000 1,572,300,000 1,551,600,000 1,453,800,000 1,439,500,000 1,427,200,000 1,436,500,000 1,405,700,000 1,383,700,000 1,376,000,000 1,355,600,000 1,350,900,000 1,059,500,000 1,052,000,000 1,032,700,000 1,029,000,000 1,023,600,000 1,047,600,000 1,025,800,000 1,019,281,000 1,020,175,000 1,051,223,000 1,007,417,000 1,030,668,000 1,074,150,000 1,039,057,000 1,045,549,000 1,041,952,000 1,061,383,000 1,105,779,000 1,166,385,000 1,172,084,000 1,134,266,000 1,153,066,000 1,110,228,000 1,086,302,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 884.9 million and 790.4 million, respectively
      		  225,900,000                                                             
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 854.6 million and 790.4 million, respectively
      		   225,600,000                                                            
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 821.5 million and 790.4 million, respectively
      		    221,600,000                                                           
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 789.7 million and 714.0 million, respectively
      		      212,400,000                                                         
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 758.7 million and 714.0 million, respectively
      		       210,300,000                                                        
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 741.2 million and 714.0 million, respectively
      		        210,800,000                                                       
        contingent consideration liability
      		             50,000,000 46,400,000 45,500,000 17,000,000 17,300,000 17,700,000 18,200,000 33,500,000 35,000,000                                          
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 690.8 million and 610.7 million, respectively
      		          204,300,000                                                     
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 666.7 million and 610.7 million, respectively
      		           205,600,000                                                    
        deferred tax asset
      		           11,500,000 11,200,000  11,500,000 12,300,000 13,200,000 12,800,000 12,000,000 12,400,000 12,400,000 12,600,000   9,800,000 10,700,000                 10,500,000 10,500,000 10,800,000 9,000,000 7,524,000 6,437,000 4,381,000 3,892,000 3,155,000 3,590,000 3,343,000 3,741,000 2,156,000 4,898,000 4,570,000 5,104,000 3,814,000 2,787,000 2,648,000 2,860,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 638.2 million and 610.7 million, respectively
      		            201,500,000                                                   
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 590.4 million and 529.2 million, respectively
      		              187,800,000                                                 
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 569.3 million and 529.2 million, respectively
      		               182,700,000                                                
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 550.0 million and 529.2 million, respectively
      		                176,500,000                                               
        unrealized gain on available-for-sale investments
      		                 5,500,000    3,700,000   -1,400,000 2,400,000 1,300,000 1,400,000 900,000 -500,000 1,400,000 1,100,000 900,000 1,300,000 2,500,000 1,900,000 1,100,000       100,000 400,000 341,000 398,000 742,000 695,000 564,000 1,855,000 1,053,000 1,490,000 787,000 1,103,000 77,000 640,000     615,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 513.7 million and 452.3 million, respectively
      		                  165,400,000                                             
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 493.6 million and 452.3 million, respectively
      		                   157,800,000                                            
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 472.1 million and 452.3 million, respectively
      		                    156,700,000                                           
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 431.1 million and 377.3 million, respectively
      		                      150,900,000                                         
        contingent consideration liabilities
      		                      33,500,000                                         
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 415.2 and 377.3, respectively
      		                       147,000,000                                        
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 394.7 and 377.3, respectively
      		                        149,500,000                                       
        deferred tax liability
      		                        90,100,000 95,000,000 85,100,000 21,100,000 22,100,000 22,200,000 30,200,000 29,100,000 28,800,000 23,600,000 39,900,000 38,600,000 36,300,000 38,200,000 17,300,000 19,900,000 17,700,000 19,800,000 24,800,000 28,700,000 26,300,000 25,978,000 17,565,000 19,183,000 21,743,000 23,755,000 22,188,000 24,072,000 18,332,000 21,583,000 14,262,000 16,183,000 14,556,000 15,940,000 17,490,000 19,477,000 18,503,000 19,975,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 400.7 and 351.7, respectively
      		                          151,500,000                                     
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 383.3 and 351.7, respectively
      		                           140,400,000                                    
        deferred commissions, non-current
      		                           12,500,000 9,800,000 10,300,000 9,800,000 8,000,000 9,400,000                               
        operating lease liabilities, non-current
      		                           109,400,000 116,700,000                                   
        deferred revenue, non-current
      		                           14,400,000 14,900,000 14,200,000 14,600,000 13,900,000 13,800,000                               
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 370.2 and 351.7, respectively
      		                            142,700,000                                   
        deferred rent
      		                             24,500,000 25,300,000 24,700,000 25,800,000 26,900,000 23,900,000 23,400,000 24,200,000 24,800,000 22,600,000 23,900,000 24,600,000 25,400,000 26,200,000 26,300,000 26,200,000 26,390,000 23,460,000 23,158,000 23,541,000 13,192,000 13,966,000 14,457,000 15,046,000 15,368,000 15,160,000 15,199,000 15,613,000       
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 333.1 and 284.7, respectively
      		                              144,500,000                                 
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 316.2 and 284.7, respectively
      		                               146,100,000                                
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 300.3 and 284.7, respectively
      		                                147,400,000                               
        total morningstar, inc. shareholders’ equity
      		                                858,300,000 804,900,000 779,200,000 739,100,000 718,400,000 696,500,000 661,700,000 639,100,000 630,200,000 640,300,000 679,800,000 668,800,000 660,000,000 653,496,000 669,584,000 667,644,000 695,689,000 690,257,000 757,344,000 716,104,000 737,886,000 725,517,000 755,162,000 795,640,000 862,727,000 855,370,000 835,071,000 855,212,000 822,756,000 780,316,000  
        noncontrolling interest
      		                                    300,000 300,000 300,000 300,000 300,000 300,000    902,000   1,028,000 1,033,000 1,132,000 1,172,000 1,236,000 1,378,000 1,569,000 1,585,000 1,539,000 1,646,000 1,057,000 1,010,000 997,000   
        other
      		                                 28,300,000    22,200,000    22,000,000    22,596,000    26,361,000  26,874,000 28,091,000 20,823,000 22,546,000 22,288,000 20,864,000 15,980,000 16,076,000 16,497,000 15,450,000 17,654,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 263.4 and 214.8, respectively
      		                                  151,200,000                             
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 246.5 and 214.8, respectively
      		                                   153,900,000                            
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 230.5 and 214.8, respectively
      		                                    149,800,000                           
        short-term debt
      		                                      60,000,000 75,000,000 75,000,000 35,000,000  35,000,000 45,000,000 30,000,000 30,017,000                 
        unrealized loss on available-for-sale investments
      		                                                               
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 203.9 and 169.8, respectively
      		                                      150,000,000                         
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 191.0 and 169.8, respectively
      		                                       141,300,000                        
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 180.8 and 169.8, respectively
      		                                        134,000,000                       
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 160.1 and 132.9, respectively
      		                                          124,300,000                     
        noncontrolling interests
      		                                          300,000 1,100,000 1,000,000  935,000 1,018,000              1,109,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 151.0 and 132.9, respectively
      		                                           122,600,000                    
        accumulated other comprehensive income:
      		                                                               
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 140.0 and 132.9, respectively
      		                                            121,400,000                   
        total accumulated other comprehensive income
      		                                               10,664,000 7,751,000 5,173,000 5,981,000  1,443,000 9,712,000 8,651,000 268,000 9,624,000 1,612,000 3,415,000 17,832,000 14,831,000 5,118,000  
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 126,449 and 106,166, respectively
      		                                              112,584,000                 
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 119,859 and 106,166, respectively
      		                                               109,900,000                
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 112,797 and 106,166, respectively
      		                                                107,438,000               
        property, equipment, and capitalized software, less accumulated depreciation and amortization of 101,046 and 87,510, respectively
      		                                                  99,007,000             
        unrealized gain on available-for-sale securities
      		                                                           762,000 1,012,000   
        cash, cash equivalents, and investments
      		                                                              258,588 
        working capital
      		                                                              149,490 
        long-term liabilities
      		                                                              23,166 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 
                                                                     
          operating activities
        		                                                             
          consolidated net income
        		107,100,000 115,100,000 91,600,000 89,000,000 78,500,000 116,900,000 119,700,000 69,100,000 64,200,000 73,500,000 39,100,000 36,100,000 -7,600,000 3,300,000 -9,000,000 30,100,000 46,100,000 56,500,000 49,000,000 32,900,000 54,900,000 75,300,000 76,200,000 48,200,000 23,900,000 27,600,000 49,100,000 42,100,000 33,200,000 42,400,000 56,900,000 41,800,000 41,900,000 38,900,000 33,900,000 46,100,000 18,000,000 70,300,000 30,200,000 31,800,000 28,700,000 37,300,000 33,500,000 32,200,000 29,800,000 31,536,000 30,151,000 -9,774,000 26,346,000 31,298,000 31,434,000 31,100,000 29,575,000 32,929,000 27,036,000 27,884,000 20,113,000 28,018,000 21,370,000 26,487,000 22,439,000 
          adjustments to reconcile consolidated net income to net cash flows from operating activities:
        		                                                             
          depreciation and amortization
        		51,700,000 47,100,000 47,000,000 48,500,000 47,300,000 48,400,000 45,700,000 49,100,000 47,200,000 46,500,000 46,600,000 47,000,000 44,800,000 44,800,000 44,200,000 40,000,000 37,600,000 38,400,000 38,100,000 37,600,000 36,600,000 35,800,000 35,800,000 33,700,000 34,200,000 33,700,000 34,600,000 25,900,000 23,500,000 25,500,000 24,700,000 23,600,000 22,900,000 26,400,000 21,800,000 21,500,000 21,500,000 18,700,000 18,100,000 17,300,000 16,600,000 16,600,000 16,400,000 16,300,000 15,100,000 14,550,000 14,558,000 13,391,000 12,387,000 11,835,000 11,257,000 11,262,000 11,339,000 11,480,000 10,822,000 10,619,000 10,175,000 11,201,000 10,947,000 10,563,000 10,202,000 
          deferred income taxes
        		-12,700,000 -12,200,000 -16,200,000 -6,900,000 -6,900,000 -13,800,000 -7,100,000 -6,400,000 -7,500,000 -21,800,000 -3,800,000 -8,800,000 2,000,000 -9,800,000 -10,600,000 -10,200,000 -6,700,000 -3,600,000 -3,700,000 -2,300,000 -2,500,000 -4,600,000 -2,800,000 -200,000 900,000 -3,200,000 -1,000,000 -1,400,000 -400,000 -7,600,000 900,000 -100,000 5,700,000                     5,824,000 193,000       
          stock-based compensation expense
        		10,800,000 10,300,000 18,600,000 18,400,000 9,100,000 15,900,000 13,200,000 14,200,000 11,400,000 11,100,000 14,700,000 14,800,000 12,200,000 25,100,000 22,100,000 22,100,000 13,900,000 10,900,000 11,100,000 11,800,000 8,100,000 9,100,000 9,900,000 10,300,000 7,300,000 11,100,000 10,800,000 12,500,000 10,000,000 7,800,000 7,300,000 10,000,000 6,600,000 7,600,000 5,500,000 5,700,000 5,300,000 3,900,000 2,800,000 3,800,000 4,000,000 3,900,000 4,600,000 4,600,000 4,300,000 4,371,000 4,951,000 4,363,000 3,939,000 3,890,000 3,416,000 3,954,000 3,783,000 7,311,000 3,994,000 3,734,000 3,866,000 3,860,000 3,951,000 3,843,000 3,649,000 
          provision for credit losses
        		1,800,000                                                             
          equity in investments of unconsolidated entities
        		100,000 -600,000 100,000 1,200,000 2,600,000 12,100,000 2,600,000 1,200,000 1,500,000 2,700,000 1,600,000 1,800,000 1,300,000                                                 
          other
        		100,000 100,000 -2,300,000 100,000 -1,100,000 -400,000 1,300,000 12,500,000 -11,000,000 -12,300,000 -2,300,000 -3,900,000 -2,700,000 -10,100,000 20,500,000 13,500,000 -9,000,000 -100,000 2,800,000 -900,000 -2,700,000 -1,300,000 500,000 -5,200,000 9,000,000 -300,000 700,000 -2,500,000 3,200,000 800,000 -2,300,000 -1,900,000 900,000 -1,100,000 1,100,000 1,400,000 400,000        600,000 153,000 -59,000 -1,000 260,000 391,000 -676,000 -204,000 892,000 -200,000 -403,000 435,000 310,000 -1,015,000 822,000   
          changes in operating assets and liabilities:
        		                                                             
          accounts receivable
        		-9,000,000 -26,800,000 18,200,000 -34,700,000 17,300,000 -38,500,000 8,100,000 -13,600,000 13,700,000 -43,500,000 20,200,000 -24,700,000 9,800,000 -18,800,000 15,600,000 -26,800,000 -8,600,000 -29,900,000 -10,800,000 -900,000 -26,300,000 -14,700,000 3,400,000 4,400,000 -2,300,000 -19,300,000 28,100,000 4,500,000 -2,000,000 -500,000 -11,000,000     -700,000 4,000,000  12,100,000                       
          accounts payable and accrued liabilities
        		6,700,000 3,700,000 1,700,000 -4,500,000 200,000 4,900,000 3,700,000 5,300,000 -4,300,000 4,300,000 3,200,000 -3,200,000 -5,800,000 -7,400,000 1,600,000 6,500,000 -2,700,000 8,500,000 7,300,000 -2,000,000 -6,700,000 -2,500,000 -6,300,000 700,000 -1,400,000 8,200,000 -500,000 -1,000,000 -3,500,000 100,000 6,800,000      2,300,000   -600,000 2,200,000 3,400,000 -700,000 -200,000 2,200,000   56,657,000 4,539,000   238,000 400,000   -51,000 703,000     
          accrued compensation and deferred commissions
        		-138,700,000 62,300,000 53,400,000 42,500,000 -120,500,000 60,800,000 47,700,000 47,600,000 -79,200,000 33,700,000 15,400,000 41,000,000 -75,200,000 18,100,000 47,200,000 5,900,000 -108,700,000 49,500,000 36,700,000 33,500,000 -61,700,000 34,300,000 23,000,000 20,900,000 -60,000,000 25,200,000                                    
          income taxes
        		20,300,000 10,700,000                                                            
          deferred revenue
        		63,700,000 19,700,000 -29,400,000 -12,500,000 47,900,000 11,600,000 -14,100,000 -17,400,000 50,000,000 23,100,000 -16,900,000 1,300,000 43,400,000 20,900,000 -25,700,000 11,000,000 53,800,000 15,500,000 -12,500,000 14,300,000 60,900,000 8,000,000 -19,200,000 4,600,000 36,100,000 7,100,000 -16,200,000 -700,000 37,900,000 7,600,000 -17,800,000 5,700,000 33,100,000 -3,700,000 -12,500,000 -3,400,000 22,100,000 2,600,000 -9,500,000 -5,700,000 19,300,000 -2,500,000 -6,000,000 1,700,000 17,400,000  -8,254,000 -1,349,000 10,151,000 -2,346,000 -5,019,000 -6,746,000 17,769,000 85,000 -4,649,000 -1,832,000 14,165,000 8,960,000 -7,579,000 -1,650,000 9,847,000 
          other assets and liabilities
        		-10,400,000 -5,300,000 5,000,000 4,700,000 -6,000,000 -200,000 -200,000 -6,100,000 -10,100,000 9,300,000 4,900,000 -56,800,000 52,400,000 12,900,000 -10,300,000 600,000 -16,000,000 -5,300,000 6,300,000 -1,100,000 -5,600,000 300,000 6,200,000 -2,600,000 -2,000,000 -2,900,000 3,500,000 -1,600,000 -5,600,000                                 
          cash from operating activities
        		91,500,000 204,000,000 195,700,000 99,000,000 91,000,000 153,400,000 191,900,000 152,700,000 93,600,000 137,800,000 130,700,000 24,500,000 23,400,000 103,500,000 102,100,000 68,700,000 23,500,000 135,900,000 122,600,000 127,200,000 64,200,000 114,600,000 93,400,000 127,600,000 48,700,000 82,500,000 105,700,000 87,200,000 59,000,000 105,300,000 79,800,000 69,800,000 59,900,000 85,400,000 62,500,000 55,700,000 46,500,000 70,500,000 60,400,000 71,400,000 11,400,000 52,400,000 75,600,000 75,900,000 35,000,000 56,933,000 8,600,000 54,804,000 11,884,000 54,445,000 47,078,000 58,462,000 26,673,000 53,680,000 37,527,000 49,165,000 5,624,000 58,660,000 45,160,000   
          investing activities
        		                                                             
          purchases of investment securities
        		-10,700,000 -3,700,000 -3,300,000 -11,900,000 -3,300,000 -3,500,000 -2,900,000 -2,400,000 -7,200,000 -6,800,000 -3,700,000 -2,400,000 -2,800,000 -2,900,000 -9,300,000 -8,400,000 -15,900,000 -16,600,000 -11,800,000 -21,800,000 -20,900,000 -16,000,000 -9,200,000 -17,900,000 -13,300,000                                     
          proceeds from maturities and sales of investment securities
        		23,900,000 12,900,000 6,500,000 21,600,000 4,500,000 3,500,000 3,900,000 2,300,000 17,400,000 7,200,000 12,000,000 6,400,000 5,500,000 1,800,000 8,800,000 14,200,000 18,200,000 18,200,000 11,600,000 13,700,000 15,300,000 5,900,000 13,000,000 14,000,000 14,000,000                                     
          capital expenditures
        		-37,900,000 -42,700,000 -35,600,000 -36,600,000 -32,200,000 -40,600,000 -36,100,000 -31,900,000 -34,100,000 -30,000,000 -29,300,000 -30,300,000 -29,500,000 -36,100,000 -33,700,000 -31,700,000 -28,000,000 -30,200,000 -30,200,000 -18,700,000 -22,700,000 -22,000,000 -22,600,000 -17,000,000 -15,100,000 -22,900,000 -20,100,000 -18,300,000 -18,700,000 -20,900,000 -19,600,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0   
          free cash flows
        		53,600,000 161,300,000 160,100,000 62,400,000 58,800,000 112,800,000 155,800,000 120,800,000 59,500,000 107,800,000 101,400,000 -5,800,000 -6,100,000 67,400,000 68,400,000 37,000,000 -4,500,000 105,700,000 92,400,000 108,500,000 41,500,000 92,600,000 70,800,000 110,600,000 33,600,000 59,600,000 85,600,000 68,900,000 40,300,000 84,400,000 60,200,000 69,800,000 59,900,000 85,400,000 62,500,000 55,700,000 46,500,000 70,500,000 60,400,000 71,400,000 11,400,000 52,400,000 75,600,000 75,900,000 35,000,000 56,933,000 8,600,000 54,804,000 11,884,000 54,445,000 47,078,000 58,462,000 26,673,000 53,680,000 37,527,000 49,165,000 5,624,000 58,660,000 45,160,000   
          acquisitions, net of cash acquired
        		-359,600,000 100,000 0 -600,000 -38,500,000         100,000 -200,000 -639,800,000 -6,800,000 -200,000    0 -52,300,000 -11,000,000 -4,500,000 -8,000,000                                0 -269,000   
          purchases of investments in unconsolidated entities
        		-100,000 -800,000 -800,000 -1,300,000 -1,200,000 -500,000 -3,200,000 -800,000 -2,800,000 -2,600,000 -200,000 -800,000 -100,000 -1,100,000 -1,700,000                                               
          cash from investing activities
        		-384,400,000 -11,700,000 -33,000,000 -23,900,000 -70,700,000 24,100,000 14,100,000 -32,800,000 -26,700,000 -32,800,000 -21,300,000 -27,100,000 -700,000 -38,300,000 -36,000,000 -691,300,000 -33,700,000 -42,300,000 -56,200,000 -35,800,000 -33,400,000 900,000 -67,500,000 -37,700,000 -19,500,000 -30,000,000 -678,300,000 -18,500,000 -19,500,000 -10,900,000 -13,000,000                  51,482,000    49,232,000 31,955,000 45,274,000       
          financing activities
        		                                                             
          common shares repurchased
        		-300,000,000 -395,300,000 -170,100,000 -112,000,000 -109,600,000     0 0   -8,300,000 -15,200,000 -91,900,000 -110,600,000 -1,200,000    -4,300,000 -17,600,000 0 -20,000,000 0 0 0 -4,900,000 -10,100,000 0                               
          dividends paid
        		-19,900,000 -18,900,000 -19,200,000 -19,300,000 -19,500,000 -17,300,000 -17,400,000 -17,300,000 -17,300,000 -16,000,000 -16,000,000 -16,000,000 -15,900,000 -15,300,000 -15,300,000 -15,400,000 -15,500,000 -13,600,000 -13,600,000 -13,500,000 -13,500,000 -12,800,000 -12,900,000 -12,800,000 -12,900,000 -11,900,000 -12,000,000 -12,000,000 -11,900,000 -10,700,000 -10,600,000                               
          proceeds from revolving credit facility
        		295,000,000 430,000,000 105,000,000 120,000,000 145,000,000 0 0 0 90,000,000 0 30,000,000 135,000,000 95,000,000 15,000,000 20,000,000 265,000,000 175,000,000 0                                            
          repayment of revolving credit facility
        		-30,000,000 -230,000,000 -95,000,000 -85,000,000 -40,000,000 0 0 0 -105,000,000 -75,000,000 -120,000,000 -105,000,000 -65,000,000 -55,000,000 -90,000,000 -180,000,000 -30,000,000 0                                            
          proceeds from term facility
        		375,000,000             0 50,000,000                                               
          employee taxes withheld for stock awards
        		-800,000 -1,800,000 -9,000,000   -3,700,000 -7,900,000 -14,300,000 -3,200,000 -4,300,000 -6,000,000 -10,600,000 -9,300,000                                                 
          cash from financing activities
        		316,900,000 -194,000,000 -188,100,000 -108,500,000 -24,100,000 -199,100,000 -60,200,000 -81,600,000 -43,500,000 -103,400,000 -120,100,000 -6,100,000 -48,800,000 -76,700,000 -57,100,000 537,100,000 11,800,000 -36,300,000 -20,200,000 -89,300,000 -66,000,000 -57,600,000 -34,000,000 -63,700,000 -26,900,000 -49,600,000 517,500,000 -33,500,000 -60,700,000 -43,600,000 -48,200,000              7,000,000                 
          effect of exchange rate changes on cash and cash equivalents
        		-5,700,000 2,000,000 -3,900,000 25,400,000 12,600,000 -28,600,000 15,900,000 -800,000 -7,600,000 11,300,000 -7,600,000 -200,000 1,700,000 15,400,000 -16,500,000 -17,800,000 -1,900,000 -500,000 -6,800,000 1,900,000 -3,700,000 13,500,000 5,500,000 5,000,000 -13,900,000 9,400,000 -6,900,000 -500,000 1,000,000 -4,500,000 -2,700,000 -12,100,000 4,300,000 1,800,000 4,900,000 6,900,000 3,700,000    2,700,000       1,033,000 609,000     433,000   2,110,000   992,000 2,561,000 
          net increase in cash and cash equivalents
        		18,300,000 300,000 -29,300,000 -8,000,000 8,800,000 -50,200,000 161,700,000 37,500,000 15,800,000     3,900,000        71,400,000 -2,600,000   12,300,000 -62,000,000 34,700,000 -20,200,000 46,300,000 15,900,000 -3,900,000 2,800,000 37,900,000 -15,300,000 19,800,000 6,700,000 39,700,000    -16,600,000 -1,900,000 21,000,000 19,400,000 -4,168,000 13,064,000 -28,379,000 36,473,000 -8,799,000 7,149,000 -55,082,000 61,003,000       1,649,000 13,198,000 
          cash and cash equivalents—beginning of period
        		474,500,000 0 0 0 502,700,000 0 0 0 337,900,000 0 0 0 376,600,000 0 0 0 483,800,000 0 0 0 422,500,000 0 0 0 334,100,000 0 0 0 369,300,000 0 0 0 308,200,000 0 0 0 259,100,000 0 0 0 207,100,000 0 0 0 185,200,000 0 0 0 168,160,000 0 0 0 163,889,000 0 0 0 200,437,000 0 0 0 180,176,000 
          cash and cash equivalents—end of period
        		492,800,000 300,000 -29,300,000 -8,000,000 511,500,000 -50,200,000 161,700,000 37,500,000 353,700,000 12,900,000 -18,300,000 -8,900,000 352,200,000 3,900,000 -7,500,000 -103,300,000 483,500,000 56,800,000 39,400,000 4,000,000 383,600,000 71,400,000 -2,600,000 31,200,000 322,500,000 12,300,000 -62,000,000 34,700,000 349,100,000 46,300,000 15,900,000 -3,900,000 311,000,000 37,900,000 -15,300,000 19,800,000 265,800,000 39,700,000 17,000,000 17,200,000 185,200,000 -16,600,000 -1,900,000 21,000,000 204,600,000 -4,168,000 13,064,000 -28,379,000 204,633,000 -8,799,000 7,149,000 -55,082,000 224,892,000 11,708,000 4,682,000 -17,849,000 165,348,000 26,167,000 -20,753,000 1,649,000 193,374,000 
          supplemental disclosure of cash flow information
        		                                                             
          cash paid for income taxes
        		26,800,000 37,800,000 40,300,000 79,500,000 14,200,000 49,600,000 21,900,000 31,600,000 12,500,000 26,500,000 13,600,000 24,000,000 9,100,000 18,200,000 12,500,000 37,600,000 7,000,000 20,400,000 16,300,000 31,700,000 12,500,000 18,200,000 29,400,000 3,800,000 6,800,000 17,400,000 22,600,000 19,900,000 3,400,000 11,700,000 17,300,000 33,200,000 4,800,000 9,600,000 8,600,000 24,800,000 4,100,000 14,700,000 12,800,000 12,300,000 18,200,000 22,800,000 12,800,000 12,000,000 2,500,000 8,348,000 2,153,000 11,106,000 8,785,000 12,664,000 13,189,000 13,884,000 627,000 14,192,000 11,758,000 15,852,000 5,553,000 9,617,000 7,333,000 14,142,000 6,962,000 
          cash paid for interest
        		12,300,000 13,000,000 7,200,000 10,700,000 6,400,000 10,500,000 11,700,000 13,700,000 11,500,000 16,500,000 13,700,000 16,300,000 11,900,000 10,700,000 10,700,000 4,400,000 2,600,000 2,300,000 2,500,000 2,500,000 3,100,000 3,400,000 1,900,000 2,100,000 3,700,000 4,500,000 5,300,000 100,000 1,100,000 1,000,000 800,000 1,100,000 800,000 1,600,000 1,300,000 1,300,000 1,200,000 400,000 300,000 300,000 200,000                     
          gain on equity method transaction
        		         0 0 0 -49,600,000                                                 
          gain on sale of business
        		     0                                                        
          gain on sale of customer assets
        		                                                             
          proceeds from sale of business
        		     200,000                                                        
          proceeds from sale of customer assets
        		                                                             
          proceeds from sale of equity method investments
        		         0 0 0 26,200,000                                                 
          repayment of term facility
        		     -166,300,000 -35,000,000 -50,000,000 -8,100,000 -8,100,000 -8,100,000 -8,200,000 -8,100,000 -8,200,000 0   -15,000,000 0 -30,000,000 -45,000,000                                         
          payment of acquisition-related earn-outs
        		         0 0 0 -45,500,000 0 0   0 0                                           
          supplemental disclosure of cash flow information:
        		                                                             
          provision for bad debt
        		  600,000 -600,000 2,500,000 1,800,000   1,400,000 1,700,000 1,100,000 1,500,000 1,000,000 1,700,000 800,000   -100,000 1,000,000 -100,000 1,100,000 600,000 -100,000 800,000 1,500,000 1,700,000 100,000 0 500,000 -100,000 1,500,000 300,000 800,000 1,000,000 300,000   600,000 500,000              175,000 26,000 273,000 192,000 525,000 161,000 546,000 245,000 285,000 
          income taxes, current
        		   -46,200,000 20,100,000  14,800,000 -5,900,000 16,300,000 9,500,000 6,900,000 -21,600,000 -2,600,000 18,300,000 3,500,000 -20,000,000 17,100,000 2,000,000 3,300,000 -15,500,000 4,100,000 5,300,000 -9,500,000 11,500,000 700,000  -7,800,000 -6,900,000 8,500,000  -1,900,000 -20,500,000 8,700,000                             
          acquisition earn-out accrual
        		             3,600,000   7,100,000 -4,700,000 -4,100,000                                           
          benefit from bad debt
        		                                                             
          net decrease in cash and cash equivalents
        		          -18,300,000 -8,900,000 -24,400,000   -103,300,000 -300,000  39,400,000 4,000,000 -38,900,000    -11,600,000                                     
          equity in net loss of unconsolidated entities
        		             900,000 1,300,000   -800,000 -1,900,000 -1,000,000 -1,700,000 -1,000,000 -600,000 500,000 800,000 -1,000,000 1,100,000 -700,000 1,500,000 500,000 -300,000 400,000 1,500,000                             
          gain on sale of equity method investments
        		                                                             
          holding gain on previously held equity interest
        		                                                             
          changes in operating assets and liabilities
        		                                                             
          proceeds from 2030 notes
        		                                                             
          proceeds from stock-option exercises
        		                 0 0   600,000 900,000 300,000 100,000 100,000    0    0 0   0 0 0 400,000 200,000 500,000 1,400,000 1,800,000 2,840,000 1,694,000 794,000 1,278,000 1,360,000 362,000 804,000 2,006,000 2,049,000 1,979,000 -3,125,000 3,906,000 2,072,000 1,978,000 -269,000 4,921,000 
          supplemental information of non-cash investing and financing activities:
        		                                                             
          unrealized gain on available-for-sale investments
        		             800,000 0 -500,000 100,000 800,000 -2,000,000 1,800,000 1,500,000 3,700,000 300,000 2,900,000 -5,100,000 1,500,000 -200,000 600,000 2,000,000 -2,500,000 400,000 300,000 -900,000 -1,500,000 800,000 900,000 1,800,000 -300,000 1,100,000 -400,000 800,000 4,200,000 -2,500,000 100,000 200,000 -92,000 -540,000 77,000 193,000 -2,003,000   1,102,000 -498,000 1,615,000 -892,000 1,498,000 1,118,000 -2,818,000 -389,000 609,000 
          employee taxes withheld for restricted stock units
        		              -6,500,000 -11,400,000 -7,100,000 -6,600,000 -3,900,000 -12,200,000 -6,300,000                                         
          supplemental information of non-cash investing activities:
        		                                                             
          equity in net income of unconsolidated entities
        		                -400,000                  0 200,000 800,000                         
          purchases of equity-method investments
        		                -1,000,000                                             
          purchases of equity- and cost-method investments
        		                   -9,300,000 -5,200,000 -2,200,000 2,000,000 -6,000,000 -500,000                                     
          acquisition earn-out
        		                    5,700,000 0                                        
          gain on sale of a product line
        		                                                             
          proceeds from sale of a product line
        		                             0 0 0 10,500,000                             
          holding gain on previously-held equity interest
        		                                                             
          proceeds from long-term debt
        		                      5,000,000 0 55,000,000 0                                    
          repayment of long-term debt
        		                      -7,800,000 -42,800,000 -37,800,000 -32,800,000 -77,800,000 -15,000,000 -40,000,000 -20,000,000 -35,000,000                               
          employee taxes paid from withholding of restricted stock units
        		                      -2,100,000 -7,000,000 -10,700,000  -2,900,000 -5,300,000 -4,600,000  -2,200,000                               
          gain on sale of equity investments
        		                         0    0                                
          income taxes—current
        		                                 8,100,000   6,600,000 -5,300,000    -10,400,000 4,800,000 1,800,000 13,900,000 -1,268,000   7,221,000 -411,000 3,512,000 -794,000 14,487,000  2,695,000 -2,844,000 7,369,000     
          proceeds from sale of a business
        		                                 0 0               0 0           
          proceeds from sale of equity-method investments
        		                                                             
          gain on sale of product line
        		                              0                               
          purchases of investments
        		                          -9,000,000 -10,200,000 -8,900,000 -12,000,000 -7,200,000                               
          proceeds from maturities and sales of investments
        		                          8,100,000 10,800,000 8,900,000 28,900,000 6,600,000 8,000,000 7,700,000 21,600,000 8,400,000 6,500,000 5,700,000 7,000,000 6,000,000 5,400,000 10,200,000 5,200,000 4,300,000 14,600,000 5,900,000 8,431,000 7,621,000 21,787,000 73,712,000 62,644,000 12,471,000 34,976,000 61,152,000 43,967,000 54,827,000 -176,623,000 338,146,000 29,447,000 55,061,000 88,001,000 62,359,000 
          proceeds from sale of equity investments
        		                                                             
          purchases of equity investments
        		                          -200,000 -100,000 -1,100,000  -300,000                               
          deferred commissions
        		                           100,000 800,000 1,100,000 1,100,000 1,300,000 21,600,000                             
          accrued compensation
        		                           16,900,000 -48,600,000 22,100,000 14,200,000   20,000,000            16,108,000                
          holding gain upon acquisition of additional ownership of equity-method investments
        		                                                             
          changes in operating assets and liabilities, net of effects of acquisitions:
        		                                                             
          other assets
        		                             4,600,000 5,400,000 -400,000 3,800,000                         732,000 1,388,000 -845,000 1,453,000 
          deferred rent
        		                             -600,000 400,000             0 100,000 2,994,000        116,000 -177,000 -248,000 716,000     
          other liabilities
        		                             300,000 -500,000      100,000 1,500,000 1,500,000 1,600,000 200,000 100,000                   91,000 
          proceeds from short-term debt
        		                                     0 0 0 40,000,000 35,000,000 0 0 15,000,000 0                
          repayment of short-term debt
        		                                                             
          software and equipment obtained under long-term financing arrangement
        		                                 -2,500,000 1,100,000    5,600,000                       
          provision for (recoveries of) bad debt
        		                                    500,000                         
          gain on sale of cost-method investment
        		                                                             
          software obtained under long-term financing arrangement
        		                                                             
          provision for (recoveries of) bad debts
        		                                           100,000 300,000                 
          excess tax benefits from stock-option exercises and vesting of restricted stock units
        		                                         500,000 0 1,000,000 1,100,000 1,504,000 1,032,000 1,340,000 573,000 1,805,000 251,000 2,255,000 1,587,000 2,203,000 459,000 1,235,000 3,313,000 1,904,000 1,450,000 2,049,000 4,122,000 
          provision for bad debts
        		                                                  269,000           
          holding gain upon acquisition of additional ownership of equity and cost method investments
        		                                                             
          equipment obtained under long-term financing arrangement
        		                                          0 0 1,300,000     0   4,860,000         
          gain on sale of discontinued operations, net of tax
        		                                                             
          loss on sale of cost-method investment
        		                                                             
          holding gain upon acquisition of additional ownership of equity method investments
        		                                                             
          purchases of equity and cost method investments
        		                                                             
          purchases of cost method investments
        		                                                             
          deferred income tax expense
        		                                                             
          income taxes payable
        		                                                          6,700,000 -2,555,000 5,297,000 
          deferred income tax benefit
        		                                                             
          cash provided by operating activities
        		                                                            14,346,000 
          cash provided by financing activities
        		                                                            6,335,000 
          stock-based compensation
        		                                                             
          excess tax benefits from stock option exercises and vesting of restricted stock units
        		                                                             
          changes in operating assets and liabilities, net of effect of acquisitions:
        		                                                             
          proceeds from stock option exercises
        		                                                             
          cash and cash equivalents — beginning of year
        		                                                             
          cash and cash equivalents — end of year
        		                                                             
          supplemental disclosures of cash flow information
        		                                                             
          supplemental information of non-cash investing and financing activities