MORN News & Events

Morningstar and PitchBook announced a new integration with Perplexity that broadens access to Morningstar and PitchBook data, research, and intelligence through Perplexity's AI platform. Through these Model Context Protocol integrations, eligible users can incorporate Morningstar- and PitchBook-backed intelligence directly into their research workflows within Perplexity and Perplexity Computer, where they can move from questions to carrying out multi-step research tasks with trusted context. The experience pairs natural-language search with citation-based responses, drawing on the breadth of Morningstar and PitchBook's analyst-driven investment research across public and private markets. This supports more efficient research by helping investors and financial advisors swiftly find and use trusted information in AI-enabled workflows.

Reports Q1 revenue $644.8M, consensus $626.91M. "In the first quarter, we created significant value, growing operating and adjusted operating income by more than 30%, while reducing shares outstanding by roughly 4% for a total of more than 10% over the past 12 months. On the product front, we introduced new proprietary intellectual property, including PitchBook's daily valuation estimates for venture capital-backed companies and public-market-style research on leading private firms," said Kunal Kapoor, Morningstar's CEO.

Morningstar has reached a new milestone in its previously completed acquisition of the Center for Research in Security Prices, CRSP, from the University of Chicago, announcing the rebrand of the CRSP Market Indexes to reflect the Morningstar brand. The CRSP Market Indexes, which underpin a range of popular mutual funds and ETFs including the Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund, will be renamed to be consistent with Morningstar's broad range of global public and private market indexes. "The addition of CRSP has furthered our efforts to disrupt the costly, entrenched index industry with indexes that deliver more value at global scale to help benefit investors. We are proud to put our name on these highly respected benchmarks," said Morningstar CEO Kunal Kapoor. "We are excited to continue building on our collaboration with the team at Vanguard, who share our mission of providing efficient, low-cost, high-quality index-based investment strategies, and to offer the highly respected CRSP market indexes and data sets to an even broader set of clients."