News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports First-Quarter 2025 Financial Results First-quarter operating income increased 23.2% to $114.1 million. Adjusted operating income was$135.4 million, an increase of 22.2%. First-quarter operating margin was 19.6%, compared with 17.1% in the prior-year period. Adjusted operating margin was 23.3% in the first quarter of 2025, versus 20.4% in the pri ...