Superworth

Morningstar shares outstanding MORN

Diluted shares outstanding, averaged over each quarter, from 2009.

Latest quarter, to Jun 30, 2026
38.1M
On a year earlier
−10.4%
fewer shares

Morningstar had 38.1M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.

That is 10.4% fewer than a year earlier, so each share owns a little more of the company.

Shares outstanding over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearShares, fourth quarterChange
FY202541M−5%
FY202443.1M−0%
FY202343.2M+1%
FY202242.6M−3%
FY202143.7M+1%
FY202043.2M−1%
FY201943.5M+1%
FY201843.1M+0%
FY201742.9M−1%
FY201643.2M−2%
FY201543.9M−1%
FY201444.5M−4%
FY201346.2M−3%
FY201247.5M−6%
FY201150.7M−0%

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter by quarter

QuarterEndedShares outstandingOn a year earlier
Q2 FY2638.1M−10%
Q1 FY2639.3M−9%
Q4 FY2541M−5%
Q3 FY2542.3M−2%
Q2 FY2542.5M−1%
Q1 FY2543.1M+0%
Q4 FY2443.1M−0%
Q3 FY2443.2M+1%
Q2 FY2443.1M+1%
Q1 FY2443M+1%
Q4 FY2343.2M+1%
Q3 FY2342.9M+0%

What the shares outstanding tells you

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

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Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.