In Q2 26, the earnings release stated that "Excluding the impact of the sunsetting of Morningstar Office in Morningstar Wealth and the second-party opinions product in Morningstar Sustainalytics, organic revenue would have increased 8.2%". How should investors think about quantifying the headwinds associated with each product along with the timing of when these headwinds will start to fade? When do the sunsetting products (SPO and Morningstar Office) exit the organic growth calculation?

In Q2 26, the earnings release stated that "Excluding the impact of the sunsetting of Morningstar Office in Morningstar Wealth and the second-party opinions product in Morningstar Sustainalytics, organic revenue would have increased 8.2%". How should investors think about quantifying the headwinds associated with each product along with the timing of when these headwinds will start to fade? When do the sunsetting products (SPO and Morningstar Office) exit the organic growth calculation? In Q2 26, Morningstar Wealth organic revenue included a $5.8 million negative impact from the sunsetting of Morningstar Office and Morningstar Sustainalytics organic revenue included a $1.7 million negative impact from the sunsetting of the second-party opinions product. Excluding these sunsetting products, Morningstar Wealth organic revenue would have increased 5.3% and Morningstar Sustainalytics organic revenue would have decreased 1.6%. Both Morningstar Office and second-party opinions were retired in Q1 26. The sunsetting of these products will stop impacting year-over-year organic growth in Q2 27.