Moelis & Co (MC) Q2 2026: Revenue Hits $409M, Margins Expand to 18.6%
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Moelis proved it can grow revenue and margins without deal-count growth, posting a 12% year-over-year revenue surge driven entirely by fatter fees on complex mandates. The 5% revenue beat and margin expansion to 18.6% signal the firm's shift toward high-value advisory work is working.
Continue ReadingShow less
Moelis & Co reported Q2 2026 revenue of $409.4 million, a 12% jump from the $365.4 million it posted in Q2 2025 and a 5% beat versus the $388.7 million analysts had expected. What makes the result notable is how it was achieved: the firm grew revenue without leaning on a higher volume of deals, instead collecting fatter fees on more complex advisory mandates. That distinction matters to investors because fee-per-deal expansion is generally a more durable driver of growth than simply winning more transactions.
The earnings picture reinforced the same theme. Moelis reported EPS of $0.63, edging past the $0.61 consensus estimate by roughly 3%. Margin expansion to 18.6% suggests the firm is converting that higher-value revenue into profit more efficiently, a meaningful signal for a boutique advisory house where compensation costs dominate the expense base.
Sponsored
_________________________________
What's Your Number...?
Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)
__________________________________________
Looking at the recent revenue trend, Q2 2026's $409.4 million follows a Q1 2026 print of $319.8 million and sits just below the firm's strongest recent quarter, Q4 2025 at $487.9 million. The sequential pickup from Q1 to Q2 mirrors the same pattern seen a year earlier, when revenue rose from $306.6 million in Q1 2025 to $365.4 million in Q2 2025, suggesting some seasonality in deal closings that investors should factor into forward expectations.
Mentioned: MC