MORN

Over the past six months, Morningstar, Inc. declared consistent quarterly dividends of 50 cents per share. Its PitchBook business unit became a data partner for ChatGPT for Financial Services, and Morningstar and PitchBook announced plans to integrate their data into Google Cloud's Gemini Enterprise for Financial Services, with these AI data integrations expected to support a stronger future earnings profile. In February 2026, Morningstar completed the acquisition of CRSP, integrating its indexes and research datasets, and in September 2026, rebranded the CRSP Market Indexes to Morningstar Market Indexes, a strategic move to broaden its data-driven index offerings which underpin over $3 trillion in investor assets. Morningstar's 'fast-track' IPO inclusion methodology brought SpaceX into the Morningstar Market Indexes five days after its June IPO. The third-quarter reconstitution for the Morningstar Market Indexes in September 2026 reflected changes across the U.S. equity market, with the 10 largest companies in the Morningstar US Total Market Index accounting for 35% of total market capitalization, and micro-cap and value-oriented stocks gaining momentum. As of September 22, 2026, MORN's stock price was US$195.23, representing a 1-month change of -9.60% and a 3-month change of 27.41%, while the share price as of September 11, 2026, was $191.02, a decline of 25.71% from September 12, 2025.