MC · Moelis & Co
Price & Indicators
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Q2 FY26 earnings call · Jul 29, 2026TL;DR. Moelis reported record Q2 2026 revenues of $409.4 million, up 12% year-over-year, and record first-half revenues of $729.2 million, up 9%, driven by capital markets and private capital advisory growth and a record pipeline up over 80% versus the prior year period.
- + Record Q2 revenues of $409.4 million, up 12% year-over-year, and record first-half revenues of $729.2 million, up 9% new
- + Adjusted pre-tax margin expanded to 18.6% in Q2 from 17.6% a year ago new
- + Announced pipeline increased over 80% versus the prior year period and entered the back half with a record total pipeline new
- + Capital markets and private capital advisory drove growth, with non-M&A businesses generating record first-half revenues and capital markets achieving record Q2 and first-half revenues new
- + Returned $246.4 million to shareholders in the first half of 2026 and declared a $0.65 per share quarterly dividend new
- − Capital structure advisory revenues declined, partially offsetting capital markets and PCA growth in the first half new
- − First-half adjusted net income of $97.2 million and $1.13 per share was below prior year period's $99.9 million and $1.17 per share
- − Sponsor M&A activity industry-wide has remained modest year-to-date new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted pre-tax margin non-GAAP | 17% | first half 2026 | — |
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| Average price of open market repurchases | $64.43 | Q2 2026 | — |
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| Managing Directors on platform | 12 | first half 2026 | — |
| Open market repurchases | 2.3M | first half 2026 | — |
| Regular quarterly dividend | $0.65 | Q2 2026 | — |
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| Shares repurchased | 0.3M | Q2 2026 | — |
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| Capital returned to shareholders | $171.4M | first quarter of 2026 | — |
| Cash and liquid investments | $353.7M | as of March 31, 2026 | — |
| Locations | 23 | as of March 31, 2026 | — |
| Adjusted other income non-GAAP | $28.9M | Year Ended December 31, 2025 | — |
| Advisory professionals promoted to Managing Director | 12 | full year 2025 | — |
| Capital returned to shareholders (dividends and share repurchases) | $283.6M | 2025 performance year | — |
| Managing Directors on our platform | 178 | as of the date of this release | — |
| Share repurchase authorization | $300M | Year Ended December 31, 2025 | — |
| Share repurchases (full year) | 0.9M | Year Ended December 31, 2025 | — |
| Share repurchases (Q4) | 0.7M | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MC
this stock
Moelis & Co
|
$5.35B | -1.0% | — | — | 6.3% |
|
MS
Morgan Stanley
|
$337.31B | +20.2% | +5.5% | 17.4 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$301.07B | +16.7% | +8.9% | 16.0 | 2.1% |
|
SCHW
Schwab Charles Corp
|
$190.50B | +9.9% | +22.0% | 20.1 | 1.0% |
|
HOOD
Robinhood Markets, Inc.
|
$93.74B | -7.3% | +51.6% | 46.1 | 3.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MC | -0.6% | -0.7% | +23.9% | +1.5% | -1.0% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | -1.1% | -2.0% | +10.7% | -1.2% | -13.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.