Earnings Releases·Nov 5, 2026, 4:17 PM ET

Moelis & Company — Third Quarter and First Nine Months 2026 Earnings Summary

Third quarter 2026 GAAP and Adjusted revenues increased 13% year-over-year to $425.6 million, while first nine months 2026 revenues rose 10% to a record $1,154.7 million; GAAP net income for the quarter rose to $66.6 million ($0.74/share) from $58.9 million ($0.68/share) in the prior year.
Adjusted pre-tax margins declined to 21.4% in the third quarter from 22.2% in the prior year period, driven by a 13% increase in adjusted operating expenses to $341.3 million, primarily due to higher compensation and non-compensation costs.
The firm returned $317.6 million to shareholders in the first nine months of 2026, including a declared quarterly dividend of $0.65 per share and $159.5 million in share repurchases, while maintaining a balance sheet with $658.7 million in cash and no funded debt.
Management highlighted a record pipeline and strong client activity as key drivers for future growth, supported by the addition of 13 Managing Directors year-to-date and 11 more committed to joining through 2027.