Moelis Q2 adjusted revenue rises driven by higher average fees

Moelis & Company

29/07/2026 21:50

Overview
Investment bank's Q2 adjusted revenue rose 12% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Revenue growth driven by higher average fees per completed transaction

Outlook
Company expects continued expansion of advisory capabilities with additional Managing Directors joining this year
Moelis sees strong client engagement and momentum in transaction activity

Result Drivers
HIGHER FEES - Revenue growth driven by higher average fees per completed transaction
EXPANDED HEADCOUNT - Compensation and benefits expenses increased due to higher headcount
BUSINESS EXPANSION COSTS - Non-compensation expenses rose due to increased deal-related travel, new office space, professional fees, and technology investments

Company press release: ID:nBw8ZpxLca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$409.39 mln
 
Q2 Adjusted Revenue
Beat
$409.39 mln
$385.48 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$0.63
$0.62 (10 Analysts)
Q2 EPS
 
$0.62
 
Q2 Adjusted Net Income
Beat
$54.08 mln
$52.31 mln (7 Analysts)
Q2 Net Income
 
$55.13 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy."
Wall Street's median 12-month price target for Moelis & Co is $71.00, about 3.5% above its July 28 closing price of $68.59
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 29 - Evercore beats Q2 revenue, adjusted EPS estimates
July 28 - Barclays bolsters Asia investment banking team in push for fee growth
July 28 - Huron Consulting Q2 revenue before reimbursable expenses rises 16%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)