v3.25.2
Segment and Geographical Area Information (Details) (Table 1)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segments
Jun. 30, 2024
USD ($)
Segment Reporting Information [Line Items]        
Consolidated revenue $ 605.1 $ 571.9 $ 1,187.0 $ 1,114.7
Number of Operating Segments | segments     7  
Number of Reportable Segments | segments     5  
Operating Segments        
Segment Reporting Information [Line Items]        
Consolidated revenue 557.4 522.1 $ 1,087.5 1,014.1
Reportable Segment Profitability 198.0 177.6 372.6 329.7
Morningstar Data and Analytics Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 209.2 196.9 408.4 393.6
Compensation Expense, Excluding Cost of Good and Service Sold 58.2 54.0 115.9 107.6
Segment Reporting, Other Segment Item, Amount 54.7 55.6 109.1 107.5
Morningstar Data and Analytics Segment | Operating Segments        
Segment Reporting Information [Line Items]        
Reportable Segment Profitability 96.3 87.3 183.4 178.5
PitchBook Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 166.5 151.7 330.2 299.3
Compensation Expense, Excluding Cost of Good and Service Sold 76.3 70.2 152.4 146.3
Segment Reporting, Other Segment Item, Amount 37.4 34.2 72.7 65.7
PitchBook Segment | Operating Segments        
Segment Reporting Information [Line Items]        
Reportable Segment Profitability 52.8 47.3 105.1 87.3
Morningstar Credit Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 64.3 62.6 158.0 121.6
Compensation Expense, Excluding Cost of Good and Service Sold 28.7 31.2 58.9 63.6
Segment Reporting, Other Segment Item, Amount 32.6 33.6 64.5 65.8
Morningstar Credit Segment | Operating Segments        
Segment Reporting Information [Line Items]        
Reportable Segment Profitability 3.0 (2.2) 2.2 (7.8)
Morningstar Wealth Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 85.0 77.6 125.6 137.9
Compensation Expense, Excluding Cost of Good and Service Sold 41.1 37.7 79.6 73.1
Segment Reporting, Other Segment Item, Amount 13.4 12.0 26.5 24.6
Morningstar Wealth Segment | Operating Segments        
Segment Reporting Information [Line Items]        
Reportable Segment Profitability 30.5 27.9 51.9 40.2
Morningstar Retirement Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 32.4 33.3 65.3 61.7
Compensation Expense, Excluding Cost of Good and Service Sold 11.3 10.8 22.9 21.3
Segment Reporting, Other Segment Item, Amount 5.7 5.2 12.4 8.9
Morningstar Retirement Segment | Operating Segments        
Segment Reporting Information [Line Items]        
Reportable Segment Profitability 15.4 17.3 30.0 31.5
License-based        
Segment Reporting Information [Line Items]        
Consolidated revenue 428.4 401.7 846.4 801.9
License-based | Operating Segments        
Segment Reporting Information [Line Items]        
Consolidated revenue 397.5 369.9 782.7 737.4
License-based | Morningstar Data and Analytics Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 207.7 195.7 406.9 392.4
License-based | PitchBook Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 164.7 150.1 326.5 295.7
License-based | Morningstar Credit Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 19.7 19.9 9.6 40.4
License-based | Morningstar Wealth Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 5.0 3.7 38.8 7.9
License-based | Morningstar Retirement Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 0.4 0.5 0.9 1.0
Asset-based        
Segment Reporting Information [Line Items]        
Consolidated revenue 82.4 84.7 168.1 161.7
Asset-based | Operating Segments        
Segment Reporting Information [Line Items]        
Consolidated revenue 67.2 68.6 135.7 130.1
Asset-based | Morningstar Data and Analytics Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 0.0 0.0 0.0 0.0
Asset-based | PitchBook Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 0.0 0.0 0.0 0.0
Asset-based | Morningstar Credit Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 35.2 35.8 0.0 69.4
Asset-based | Morningstar Wealth Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 0.0 0.0 71.3 0.0
Asset-based | Morningstar Retirement Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 32.0 32.8 64.4 60.7
Transaction-based        
Segment Reporting Information [Line Items]        
Consolidated revenue 94.3 85.5 172.5 151.1
Transaction-based | Operating Segments        
Segment Reporting Information [Line Items]        
Consolidated revenue 92.7 83.6 169.1 146.6
Transaction-based | Morningstar Data and Analytics Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 1.5 1.2 1.5 1.2
Transaction-based | PitchBook Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 1.8 1.6 3.7 3.6
Transaction-based | Morningstar Credit Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 9.4 6.9 148.4 11.8
Transaction-based | Morningstar Wealth Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue 80.0 73.9 15.5 130.0
Transaction-based | Morningstar Retirement Segment        
Segment Reporting Information [Line Items]        
Consolidated revenue $ 0.0 $ 0.0 $ 0.0 $ 0.0