<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001324069</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001289419</issuerCik>
      <issuerName>Morningstar, Inc.</issuerName>
      <secFileNumber>000-51280</secFileNumber>
      <issuerAddress>
        <com:street1>22 WEST WASHINGTON STREET</com:street1>
        <com:city>CHICAGO</com:city>
        <com:stateOrCountry>IL</com:stateOrCountry>
        <com:zipCode>60602</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(312) 696-6000</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mansueto Joseph D</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
        <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A Common Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab &amp; Co. Inc.</name>
        <address>
          <com:street1>3000 Schway Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>100000</noOfUnitsSold>
      <aggregateMarketValue>21195430.00</aggregateMarketValue>
      <noOfUnitsOutstanding>41129198</noOfUnitsOutstanding>
      <approxSaleDate>11/03/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/01/1984</acquiredDate>
      <natureOfAcquisitionTransaction>Founders Shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>MORNINGSTAR, INC.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>100000</amountOfSecuritiesAcquired>
      <paymentDate>05/01/1984</paymentDate>
      <natureOfPayment>Stock</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/04/2025</saleDate>
      <amountOfSecuritiesSold>6624</amountOfSecuritiesSold>
      <grossProceeds>1806859.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/05/2025</saleDate>
      <amountOfSecuritiesSold>394</amountOfSecuritiesSold>
      <grossProceeds>106533.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/06/2025</saleDate>
      <amountOfSecuritiesSold>4311</amountOfSecuritiesSold>
      <grossProceeds>1128046.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/07/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1893746.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/08/2025</saleDate>
      <amountOfSecuritiesSold>7068</amountOfSecuritiesSold>
      <grossProceeds>1847168.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/11/2025</saleDate>
      <amountOfSecuritiesSold>6764</amountOfSecuritiesSold>
      <grossProceeds>1760564.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/12/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1859638.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/13/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1870029.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/14/2025</saleDate>
      <amountOfSecuritiesSold>3944</amountOfSecuritiesSold>
      <grossProceeds>1026549.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/15/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1875200.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/18/2025</saleDate>
      <amountOfSecuritiesSold>7205</amountOfSecuritiesSold>
      <grossProceeds>1871045.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/19/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1882034.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/20/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1887196.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/21/2025</saleDate>
      <amountOfSecuritiesSold>1014</amountOfSecuritiesSold>
      <grossProceeds>265083.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/22/2025</saleDate>
      <amountOfSecuritiesSold>7250</amountOfSecuritiesSold>
      <grossProceeds>1913948.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/25/2025</saleDate>
      <amountOfSecuritiesSold>1644</amountOfSecuritiesSold>
      <grossProceeds>432617.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/26/2025</saleDate>
      <amountOfSecuritiesSold>3532</amountOfSecuritiesSold>
      <grossProceeds>920144.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>JOSEPH D MANSUETO</name>
        <address>
          <com:street1>22 WEST WASHINGTON STREET</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>MORNINGSTAR, INC.</securitiesClassTitle>
      <saleDate>08/27/2025</saleDate>
      <amountOfSecuritiesSold>6705</amountOfSecuritiesSold>
      <grossProceeds>1747689.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>11/03/2025</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>11/15/2024</planAdoptionDate>
      </planAdoptionDates>
      <signature>JOSEPH D MANSUETO</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
