Moelis Q2 FY26 net income rises 18% to $55.13 million; revenue climbs 12% to $409.39 million

Compensation and benefits increased 7% to $269.38 million, trimming to 66% of revenue from 69% a year earlier.

Non-compensation expense jumped 28% to $67.18 million, driven by new office space, travel, public capital markets fees, and administration costs.

Management flagged strong deal activity, rising sponsor engagement, expanding private capital advisory mandates, and higher demand for liability management amid tighter credit.

Moelis posted GAAP revenue of $409.39 million in the quarter ended June 30, 2026, up 12% year over year.

Net income rose 18% to $55.13 million, while operating income climbed 20% to $72.83 million.