Can you give an update on the mix of Morningstar Data? Why was organic revenue growth slower in Q2 compared to the prior quarter?

Skip to main content Overview Investor Resources Our Philosophy Q&A Investor FAQs Submit a Question Investor Contacts Request an Annual Report Newsroom Events Filings and Stock Quote SEC Filings Key Financials Annual Reports & Proxy Statements Stock Quote Governance Executive Leadership Board of Directors Committee Composition Governance Documents Compliance & Disclosures Q&A Details Can you give an update on the mix of Morningstar Data? Why was organic revenue growth slower in Q2 compared to the prior quarter? August 25, 2026 Fund Data, Essentials, and Research Distribution are the three largest products in Morningstar Data and account for approximately 70% of Morningstar Data revenue. These products continue to see momentum backed by new client use cases and data set expansion. Exchange market data drove slower revenue growth due to Q2 25 revenue benefiting from a late renewal with meaningful expansion along with lower retention in Q2 26. See All Q&A Contact Us Investor Relations [email protected] Quick Links SEC Filings opens in new window Investor FAQs opens in new window Investor Email Alerts Personal Information. Email Address * Required Investor Alert Options * Quarterly Reports Annual Reports SEC Filings End of Day Stock Quote Events & Presentations Submit Unsubscribe Gap List Fixes Our Brands Morningstar Data+Analytics opens in new window Morningstar Wealth opens in new window Morningstar Credit opens in new window Morningstar Retirement opens in new window Morningstar Indexes opens in new window Our Company About Us opens in new window Leadership opens in new window Careers opens in new window Culture opens in new window Sustainability opens in new window Newsroom opens in new window Investor Relations opens in new window Products Morningstar Direct opens in new window Pitchbook opens in new window Direct Advisory Suite opens in new window Sustainalytics opens in new window Morningstar Retirement Manager opens in new window DBRS Credit Ratings opens in new window Credit Analytics opens in new window Morningstar Investor opens in new window ByAllAccounts opens in new window View All Products opens in new window Connect Contact opens in new window Linkedin opens in new window X opens in new window Facebook opens in new window Instagram opens in new window © 2026 Morningstar, Inc. - All rights reserved 5.184.0.5 (opens in new window) Terms and Conditions opens in new window | Privacy opens in new window | Disclosures opens in new window | Trademarks opens in new window | Accessibility opens in new window | Do Not Sell or Share My Personal Information opens in new window