Risk factors
Morningstar (MORN) risk factors
Item 1A of every Morningstar, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors22 risks2 new4 dropped18 reworded
Morningstar added risks regarding AI market sentiment impacts and third-party data reliance, while expanding disclosures on compliance, IP protection, and vendor dependencies across its global operations.
Filed Feb 13, 2026 - FY2024 10-K risk factors24 risks
Morningstar faces intense risks regarding its research independence, regulatory compliance across global markets, and data/cybersecurity protection.
Filed Feb 28, 2025