Morningstar, Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2013 | 61.1% | 24.4% | 17.7% |
| FY2014 | 58.1% | 13.9% | 10.3% |
| FY2015 | 58.2% | 24.2% | 16.8% |
| FY2016 | 56.9% | 22.6% | 20.2% |
| FY2017 | 57.6% | 18.6% | 15.0% |
| FY2018 | 59.7% | 21.2% | 17.9% |
| FY2019 | 59.0% | 16.1% | 12.9% |
| FY2020 | 60.0% | 15.5% | 16.1% |
| FY2021 | 58.9% | 15.1% | 11.4% |
| FY2022 | 58.3% | 9.0% | 3.8% |