Originally posted Jul. 11, 2025

Updated Dec. 11, 2025

At Morningstar, we are committed to providing our clients with the highest quality data to support their business needs - empowering them to derive actionable insights, power their workflows and deliver successful outcomes.

We are excited to announce significant upgrades to our equity data access and enhancements to data quality and coverage.

Key benefits of this upgrade include:

We have revamped our equity data, enhancing content, speed, and quality. Undertaking a fundamental review of core methodologies we significantly enhanced the depth and global consistency of financial statement data. Our processing speeds are just hours now for large and mid-cap companies. Moreover, clients can access consistent financial history dating back to 2012.

Upgraded delivery systems include a universal API and restructured feeds and make integrating and utilizing Morningstar's data more seamless than ever. All that and so much more.

Timing

Completion by October 2026: All clients who are consuming equity data are expected to upgrade by September 2026 as current data deliveries will not be available from October 1, 2026.

Transition Process and Resources

Clients will need to reconfigure how you receive our data. And to help clients do that, we have created detailed and easy-to-use documentation:

• Equity Data Upgrade Hub: Access detailed documentation, change summaries, product specifications, technical integrations, and FAQs.
• Equity Data Upgrade Video: In this short video our Product Managers provide an overview of the data enhancements we are making as well as the upgrade to our delivery systems.
• Webinar series and ‘Ask Me Anything’ sessions: Clients consuming equity data can join webinars for an in-depth walkthrough of the upgrade and participate in 'Ask Me Anything' sessions to have their transition questions answered by our expert teams.

If clients have any additional questions or needs after reviewing the above documentation, please contact Morningstar Support.

Originally posted Nov. 14, 2025

Updated with new release date Feb. 4, 2026

Effective Mar. 5, 2026, Morningstar will implement updates to the NACE and NAICS codes. These updates involve data revisions only (no structural changes) and the creation of new tables to preserve historical versions.

Why is Morningstar making this update?

This update is necessary due to government-initiated changes, which include the introduction of new codes, concepts, and the restructuring of several existing classifications.

What are the specific changes?

The attached document provides detailed information about these changes.

What actions do clients need to take?

The updates will automatically apply to Morningstar Equity products where NACE and NAICS codes are available.

• Global Equity Data Feeds: Within the following feeds the attached data points will be adjusted to reflect the new codes:
  • Asset Classification
  • Asset Classification History
  • Third Party Industry Classification
    • We recommend reviewing any saved items or processes that rely on this data to ensure they remain unaffected.
• Equity API Center: Within the Company Insight API under the Company Profile data set the attached Company General Info data point will be adjusted to reflect the new codes.
  • We recommend reviewing any saved items or processes that rely on this data to ensure they remain unaffected.

Please contact Morningstar Support with any additional questions or needs.