Moelis & Co Q2 Revenue Jumps 12% to $409M, EPS $0.62; Cash Drops Sharply on Buybacks
MC sits 28% above its 52-week low of $51.06.
Summary
Moelis & Co reported record Q2 2026 revenue of $409.4M (+12% YoY) and EPS of $0.62, while cash reserves halved to $207.7M amid aggressive buybacks and dividends.
Key Events · Earnings and Guidance · MC
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Record Q2 Revenue
Revenue reached $409.4 million, up 12% from $365.4 million in Q2 2025, driven by higher average fees per completed transaction.
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Earnings Growth
Diluted EPS rose to $0.62 from $0.53 a year ago; net income attributable to Moelis & Company was $48.6 million.
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Cash Decline
Cash and equivalents dropped to $207.7 million from $508.6 million at year-end 2025, primarily due to $140.8 million in share repurchases and $112.8 million in dividends and tax distributions.
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Share Repurchases
The company repurchased $140.8 million of stock in H1 2026 under a $300 million authorization; $226.2 million remains available.
Analysis · MC · Finance
Moelis & Company posted record Q2 revenue of $409.4 million, a 12% increase year-over-year, driven by higher average fees per completed transaction. Diluted earnings per share rose to $0.62 from $0.53 a year ago. However, cash and equivalents fell to $207.7 million from $508.6 million at year-end, largely due to $140.8 million in share repurchases and $112.8 million in dividends and tax distributions. The company also declared a $0.65 quarterly dividend payable in September. The strong top-line growth and capital return signal confidence, but the sharp cash drawdown warrants attention.
At the time of this filing, MC was trading at $65.25 on NYSE in the Finance sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $51.06 to $78.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.