MORNINGSTAR, INC., DEF 14A filed on 3/28/2025
Proxy Statement (definitive)
v3.25.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Morningstar, Inc.
Entity Central Index Key 0001289419
v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
 
Pay Versus Performance
  
Year
(1)
   
Summary
Compensation
Table Total
for PEO
(2)
     
Compensation
Actually
Paid to PEO
(3)
    
Average
Summary
Compensation
Table Total
for
Non-PEO

Named
Executive
Officers
(2)
     
Average
Compensation
Actually
Paid to Non-

PEO Named
Executive
Officers
(4)
     
 
Value of Initial
Fixed $100
Investment Based
On:
(5)
     
Net
Income
($M)
     
Adjusted
Revenue
($M)
(7)
  
  
Total
Shareholder
Return
     
 
Peer
Group Total
Shareholder
Return
(6)
  
2024
   
 
$8,635,625
 
   
 
$14,463,577
 
  
 
$3,650,119
 
   
 
$3,009,973
 
   
 
$230
 
   
 
$197
 
   
 
$369.9
 
   
 
$2,278.6
 
2023
   
 
7,277,421
 
   
 
14,017,163
 
  
 
1,196,438
 
   
 
2,109,757
 
   
 
194
 
   
 
164
 
   
 
141.1
 
   
 
2,032.3
 
2022
   
 
6,308,977
 
   
 
(3,290,220
) 
  
 
1,627,767
 
   
 
94,284
 
   
 
146
 
   
 
122
 
   
 
70.5
 
   
 
1,883.1
 
2021
   
 
5,597,592
 
   
 
16,983,708
 
  
 
1,198,656
 
   
 
2,564,009
 
   
 
229
 
   
 
154
 
   
 
193.3
 
   
 
1,684.5
 
2020
   
 
7,579,731
 
   
 
17,483,919
 
  
 
1,062,357
 
   
 
2,102,054
 
   
 
155
 
   
 
129
 
   
 
223.6
 
   
 
1,348.7
 
(1) Kunal Kapoor served as the Company’s principal executive officer (PEO) and each of Jason Dubinsky, Bevin Desmond, Danny Dunn,
a
nd Joe Mansueto were the Company’s other NEOs for 2020, 2021, 2022 and 2023. Bevin resigned from her position with the Company effective January 31, 2023. Kunal served as the Company’s PEO and each of Jason Dubinsky, Danny Dunn, and Joe Mansueto were the Company’s other NEOs for 2024.
(2) Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Kunal and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s NEOs for the applicable year other than the PEO for such years.
(3) Amounts reported in this column represent the compensation actually paid to Kunal as the PEO in the indicated fiscal years, based on his total compensation reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below:
 
 
 
   
Principal Executive Officer
  
  
 
   
2024
     
2023
    
2022
    
2021
     
2020
  
Summary
Compensation Table — Total Compensation
(a)
   
$
8,635,625
 
   
$
7,277,421
 
  
$
6,308,977
 
  
$
5,597,592
 
   
 $
7,579,731
 
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
(b)
   
 
6,197,274
 
   
 
 5,199,571
 
  
 
 4,499,252
 
  
 
3,594,637
 
   
 
 6,235,742
 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
(c)
   
 
6,413,419
 
   
 
 8,503,605
 
  
 
 4,075,140
 
  
 
5,103,683
 
   
 
 10,296,721
 
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
(d)
   
 
4,882,210
 
   
 
 4,435,258
 
  
 
(6,814,902
) 
  
 
8,792,335
 
   
 
 5,441,145
 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
(e)
   
 
0
 
   
 
 0
 
  
 
0
 
  
 
0
 
   
 
 0
 
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(f)
   
 
729,596
 
   
 
(999,550
) 
  
 
(2,360,183
) 
  
 
1,084,735
 
   
 
402,064
 
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(g)
   
 
0
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
= Compensation Actually Paid
   
 
14,463,577
 
   
 
 14,017,163
 
  
 
(3,290,220
) 
  
 
16,983,708
 
   
 
 17,483,919
 
(a) Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year.
(b) Represents the aggregate grant date fair value of the stock awards granted to Kunal during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles (GAAP). Amounts reported in this row include the portion of the annual incentive that are delivered in RSUs of $379,220 for 2024, $595,200 for 2021, and $232,275 for 2020, and which were reflected in the non-equity incentive compensation column of the Summary Compensation Table.
(c) Represents the aggregate fair value as of the indicated fiscal
year-end
of Kunal’s outstanding and unvested stock awards granted during such fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP, including the portion for the annual incentive that was delivered in RSUs for the applicable year.
(d) Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by Kunal as of the last day of the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $572,994 from the previously disclosed amounts for 2023.
(e) Represents the aggregate fair value at vesting of the stock awards that were granted to Kunal and vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
 
(f) Represents the aggregate change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award held by Kunal that was granted in a prior fiscal year and which vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $644,223 from the previously disclosed amounts for 2020.
(g) Represents the aggregate fair value as of the last day of the prior fiscal year of Kunal’s stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
(4) Amounts reported in this column represent the compensation actually paid to the Company’s NEOs other than Kunal in the indicated fiscal year, based on the average total compensation for such NEOs reported in the Summary Compensation Table for the indicated fiscal year and adjusted as shown in the table below:
 
 
 
   
Other Named Executive Officers Average
(a)
  
  
 
   
2024
     
2023
    
2022
    
2021
     
2020
  
Summary Compensation Table — Total Compensation
(b)
   
$
3,650,119
 
   
$
1,196,438
 
  
$
1,627,767
 
  
$
1,198,656
 
   
$
1,062,357
 
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
(c)
   
 
2,692,519
 
   
 
699,784
 
  
 
1,001,271
 
  
 
491,571
 
   
 
478,356
 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
(d)
   
 
1,034,593
 
   
 
1,162,324
 
  
 
571,157
 
  
 
790,207
 
   
 
788,350
 
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
(e)
   
 
728,039
 
   
 
571,673
 
  
 
(780,841
) 
  
 
930,966
 
   
 
657,556
 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
(f)
   
 
155,695
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(g)
   
 
134,046
 
   
 
(120,894
) 
  
 
(322,528
) 
  
 
135,751
 
   
 
72,147
 
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(h)
   
 
0
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
= Compensation Actually Paid
   
 
3,009,973
 
   
 
2,109,757
 
  
 
94,284
 
  
 
2,564,009
 
   
 
2,102,054
 
(a) Please see footnote 1 for the NEOs included in the average for each indicated fiscal year.
(b) Represents the average Total Compensation as reported in the Summary Compensation Table for the reported NEOs in the indicated fiscal year.
(c) Represents the average aggregate grant date fair value of the stock awards granted to the reported NEOs during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row include the portion of the annual incentive that are delivered in RSUs of $12,945 for 2022, $16,740 for 2021, and $40,954 for 2020 and which were reflected in the non-equity incentive compensation column of the Summary Compensation Table.
(d) Represents the average aggregate fair value as of the indicated fiscal
year-end
of the reported NEOs’ outstanding and unvested stock awards granted during such fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP, including the portion for the annual incentive that was delivered in RSUs for the applicable year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $17,819 from the previously disclosed amounts for 2023.
(e) Represents the average aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by the reported NEOs as of the last day of the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $123,306 from the previously disclosed amounts for 2023, $59,433 from the previously disclosed amounts for 2021, and $118,399 from the previously disclosed amounts for 2020.
(f) Represents the average aggregate fair value at vesting of the stock awards that were granted to Mr. Dubinsky and vested during the indicated fiscal year in connection with his separation, calculated using the same methodology as used in the Company’s financial statements under GAAP.
(g) Represents the average aggregate change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award held by the reported NEOs that was granted in a prior fiscal year and which vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $2,082 from the previously disclosed amounts for 2023, $14,208 from the previously disclosed amounts for 2021, and $10,166 from the previously disclosed amounts for 2020. Included in this amount for 2024 is the change in value from December 31, 2023 through December 31, 2024 associated with awards previously granted to Mr. Dubinsky for which vesting was accelerated in connection with his separation.
(h) Represents the average aggregate fair value as of the last day of the prior fiscal year of the reported NEOs’ stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
 
(5) Pursuant to rules of the SEC, the comparison assumes $100 was invested on Dec
e
mber 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance.
(6) The peer group TSR is based on the market cap weighted TSR performance of the respective compensation peer group disclosed in the Compensation Discussion and Analysis in 2024, which is the same peer group used in 2023.
(7) As disclosed in the Compensation Discussion and Analysis, Adjusted Revenue is a non-GAAP financial measure and is adjusted to exclude the impact of certain items, such as foreign currency fluctuations.
       
Company Selected Measure Name Adjusted Revenue        
Named Executive Officers, Footnote
(1) Kunal Kapoor served as the Company’s principal executive officer (PEO) and each of Jason Dubinsky, Bevin Desmond, Danny Dunn,
a
nd Joe Mansueto were the Company’s other NEOs for 2020, 2021, 2022 and 2023. Bevin resigned from her position with the Company effective January 31, 2023. Kunal served as the Company’s PEO and each of Jason Dubinsky, Danny Dunn, and Joe Mansueto were the Company’s other NEOs for 2024.
       
Peer Group Issuers, Footnote The peer group TSR is based on the market cap weighted TSR performance of the respective compensation peer group disclosed in the Compensation Discussion and Analysis in 2024, which is the same peer group used in 2023.        
PEO Total Compensation Amount $ 8,635,625 $ 7,277,421 $ 6,308,977 $ 5,597,592 $ 7,579,731
PEO Actually Paid Compensation Amount $ 14,463,577 14,017,163 (3,290,220) 16,983,708 17,483,919
Adjustment To PEO Compensation, Footnote
(3) Amounts reported in this column represent the compensation actually paid to Kunal as the PEO in the indicated fiscal years, based on his total compensation reported in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below:
 
 
 
   
Principal Executive Officer
  
  
 
   
2024
     
2023
    
2022
    
2021
     
2020
  
Summary
Compensation Table — Total Compensation
(a)
   
$
8,635,625
 
   
$
7,277,421
 
  
$
6,308,977
 
  
$
5,597,592
 
   
 $
7,579,731
 
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
(b)
   
 
6,197,274
 
   
 
 5,199,571
 
  
 
 4,499,252
 
  
 
3,594,637
 
   
 
 6,235,742
 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
(c)
   
 
6,413,419
 
   
 
 8,503,605
 
  
 
 4,075,140
 
  
 
5,103,683
 
   
 
 10,296,721
 
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
(d)
   
 
4,882,210
 
   
 
 4,435,258
 
  
 
(6,814,902
) 
  
 
8,792,335
 
   
 
 5,441,145
 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
(e)
   
 
0
 
   
 
 0
 
  
 
0
 
  
 
0
 
   
 
 0
 
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(f)
   
 
729,596
 
   
 
(999,550
) 
  
 
(2,360,183
) 
  
 
1,084,735
 
   
 
402,064
 
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(g)
   
 
0
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
= Compensation Actually Paid
   
 
14,463,577
 
   
 
 14,017,163
 
  
 
(3,290,220
) 
  
 
16,983,708
 
   
 
 17,483,919
 
(a) Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year.
(b) Represents the aggregate grant date fair value of the stock awards granted to Kunal during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles (GAAP). Amounts reported in this row include the portion of the annual incentive that are delivered in RSUs of $379,220 for 2024, $595,200 for 2021, and $232,275 for 2020, and which were reflected in the non-equity incentive compensation column of the Summary Compensation Table.
(c) Represents the aggregate fair value as of the indicated fiscal
year-end
of Kunal’s outstanding and unvested stock awards granted during such fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP, including the portion for the annual incentive that was delivered in RSUs for the applicable year.
(d) Represents the aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by Kunal as of the last day of the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $572,994 from the previously disclosed amounts for 2023.
(e) Represents the aggregate fair value at vesting of the stock awards that were granted to Kunal and vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
 
(f) Represents the aggregate change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award held by Kunal that was granted in a prior fiscal year and which vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $644,223 from the previously disclosed amounts for 2020.
(g) Represents the aggregate fair value as of the last day of the prior fiscal year of Kunal’s stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
       
Non-PEO NEO Average Total Compensation Amount $ 3,650,119 1,196,438 1,627,767 1,198,656 1,062,357
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,009,973 2,109,757 94,284 2,564,009 2,102,054
Adjustment to Non-PEO NEO Compensation Footnote
(4) Amounts reported in this column represent the compensation actually paid to the Company’s NEOs other than Kunal in the indicated fiscal year, based on the average total compensation for such NEOs reported in the Summary Compensation Table for the indicated fiscal year and adjusted as shown in the table below:
 
 
 
   
Other Named Executive Officers Average
(a)
  
  
 
   
2024
     
2023
    
2022
    
2021
     
2020
  
Summary Compensation Table — Total Compensation
(b)
   
$
3,650,119
 
   
$
1,196,438
 
  
$
1,627,767
 
  
$
1,198,656
 
   
$
1,062,357
 
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
(c)
   
 
2,692,519
 
   
 
699,784
 
  
 
1,001,271
 
  
 
491,571
 
   
 
478,356
 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
(d)
   
 
1,034,593
 
   
 
1,162,324
 
  
 
571,157
 
  
 
790,207
 
   
 
788,350
 
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
(e)
   
 
728,039
 
   
 
571,673
 
  
 
(780,841
) 
  
 
930,966
 
   
 
657,556
 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
(f)
   
 
155,695
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(g)
   
 
134,046
 
   
 
(120,894
) 
  
 
(322,528
) 
  
 
135,751
 
   
 
72,147
 
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(h)
   
 
0
 
   
 
0
 
  
 
0
 
  
 
0
 
   
 
0
 
= Compensation Actually Paid
   
 
3,009,973
 
   
 
2,109,757
 
  
 
94,284
 
  
 
2,564,009
 
   
 
2,102,054
 
(a) Please see footnote 1 for the NEOs included in the average for each indicated fiscal year.
(b) Represents the average Total Compensation as reported in the Summary Compensation Table for the reported NEOs in the indicated fiscal year.
(c) Represents the average aggregate grant date fair value of the stock awards granted to the reported NEOs during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row include the portion of the annual incentive that are delivered in RSUs of $12,945 for 2022, $16,740 for 2021, and $40,954 for 2020 and which were reflected in the non-equity incentive compensation column of the Summary Compensation Table.
(d) Represents the average aggregate fair value as of the indicated fiscal
year-end
of the reported NEOs’ outstanding and unvested stock awards granted during such fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP, including the portion for the annual incentive that was delivered in RSUs for the applicable year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $17,819 from the previously disclosed amounts for 2023.
(e) Represents the average aggregate change in fair value during the indicated fiscal year of the outstanding and unvested stock awards held by the reported NEOs as of the last day of the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $123,306 from the previously disclosed amounts for 2023, $59,433 from the previously disclosed amounts for 2021, and $118,399 from the previously disclosed amounts for 2020.
(f) Represents the average aggregate fair value at vesting of the stock awards that were granted to Mr. Dubinsky and vested during the indicated fiscal year in connection with his separation, calculated using the same methodology as used in the Company’s financial statements under GAAP.
(g) Represents the average aggregate change in fair value, measured from the prior fiscal
year-end
to the vesting date, of each stock award held by the reported NEOs that was granted in a prior fiscal year and which vested during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP. Amounts reported in this row in the 2024 proxy statement have been updated to correct an administrative error in which excluded $2,082 from the previously disclosed amounts for 2023, $14,208 from the previously disclosed amounts for 2021, and $10,166 from the previously disclosed amounts for 2020. Included in this amount for 2024 is the change in value from December 31, 2023 through December 31, 2024 associated with awards previously granted to Mr. Dubinsky for which vesting was accelerated in connection with his separation.
(h) Represents the average aggregate fair value as of the last day of the prior fiscal year of the reported NEOs’ stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under GAAP.
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
}
  
Adjusted Revenue
}
  
AOI
}
  
TSR
       
Total Shareholder Return Amount $ 230 194 146 229 155
Peer Group Total Shareholder Return Amount 197 164 122 154 129
Net Income (Loss) $ 369,900,000 $ 141,100,000 $ 70,500,000 $ 193,300,000 $ 223,600,000
Company Selected Measure Amount 2,278,600,000 2,032,300,000 1,883,100,000 1,684,500,000 1,348,700,000
PEO Name Kunal Kapoor        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Revenue        
Non-GAAP Measure Description As disclosed in the Compensation Discussion and Analysis, Adjusted Revenue is a non-GAAP financial measure and is adjusted to exclude the impact of certain items, such as foreign currency fluctuations.        
Measure:: 2          
Pay vs Performance Disclosure          
Name AOI        
Measure:: 3          
Pay vs Performance Disclosure          
Name TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,197,274) $ (5,199,571) $ (4,499,252) $ (3,594,637) $ (6,235,742)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,413,419 8,503,605 4,075,140 5,103,683 10,296,721
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,882,210 4,435,258 (6,814,902) 8,792,335 5,441,145
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 729,596 (999,550) (2,360,183) 1,084,735 402,064
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,692,519) (699,784) (1,001,271) (491,571) (478,356)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,034,593 1,162,324 571,157 790,207 788,350
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 728,039 571,673 (780,841) 930,966 657,556
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 155,695 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 134,046 (120,894) (322,528) 135,751 72,147
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true