Moelis & Company Stock Earnings Reports

Moelis & Company reported record first-quarter 2026 revenue of $320 million, driven by M&A and private capital advisory (PCA) growth, while capital markets and capital structure advisory (CSA) had mixed results due largely to timing. The firm cites an all-time high announced pipeline and strong momentum in senior hiring (8 MDs year-to-date) and sector hires (technology, energy, healthcare IT, chemicals). Management highlighted notable transactions (e.g., Clear Channel Outdoors, Tri Pointe Homes, Kennedy Wilson, X-energy IPO) and expanding PCA capabilities—particularly GP-led secondaries and private credit secondaries—now staffed with seven senior bankers focused on GP-led secondaries. The company is actively deploying AI across the firm, investing in technology, and expects non-compensation expenses to grow at a pace similar to 2025. Adjusted compensation ratio improved to 65.8% in Q1 (down from 69% a year ago); adjusted pretax margin was 15%. Balance sheet remains strong with $354 million cash and no debt; the Board declared a $0.65 quarterly dividend and repurchased 1.9 million shares in the quarter (including ~895k open-market repurchases). Near-term headwinds include geopolitical developments in the Middle East, disruptions in parts of private credit, and AI-driven sector dislocation—yet management is optimistic about medium-term M&A and PCA opportunities and expects continued liability-management and restructuring opportunities over coming years due to maturity walls and sector stresses.