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
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 41M | −5% |
| FY2024 | 43.1M | −0% |
| FY2023 | 43.2M | +1% |
| FY2022 | 42.6M | −3% |
| FY2021 | 43.7M | +1% |
| FY2020 | 43.2M | −1% |
| FY2019 | 43.5M | +1% |
| FY2018 | 43.1M | +0% |
| FY2017 | 42.9M | −1% |
| FY2016 | 43.2M | −2% |
| FY2015 | 43.9M | −1% |
| FY2014 | 44.5M | −4% |
| FY2013 | 46.2M | −3% |
| FY2012 | 47.5M | −6% |
| FY2011 | 50.7M | −0% |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 38.1M | −10% | |
| Q1 FY26 | 39.3M | −9% | |
| Q4 FY25 | 41M | −5% | |
| Q3 FY25 | 42.3M | −2% | |
| Q2 FY25 | 42.5M | −1% | |
| Q1 FY25 | 43.1M | +0% | |
| Q4 FY24 | 43.1M | −0% | |
| Q3 FY24 | 43.2M | +1% | |
| Q2 FY24 | 43.1M | +1% | |
| Q1 FY24 | 43M | +1% | |
| Q4 FY23 | 43.2M | +1% | |
| Q3 FY23 | 42.9M | +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.
More on Morningstar
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.