Moelis (MC) Operating Expenses (2013 - 2026)
Moelis (MC) posted Operating Expenses of $336.6 million for Q2 2026, up 20.51% on a QoQ basis from $279.3 million in Q1 2026, and up 10.44% year-over-year from $304.7 million in Q2 2025.
Analysis
Moelis (MC) Operating Expenses (2013 - 2026) Analysis & Trends
Moelis has reported Operating Expenses for 14 years, with the latest figure at $336.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 10.44% year-over-year to $336.6 million in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 12.68% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 21.67% from the prior year.
- Operating Expenses was $336.6 million for Q2 2026 at Moelis, up from $279.3 million in the prior quarter.
- The five-year high for Operating Expenses was $359.9 million in Q4 2025, with the low at $177.8 million in Q4 2022.
- Average Operating Expenses over 5 years is $252.5 million, with a median of $251.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 41.4% in 2022, then surged 47.24% in 2023.
- Over 5 years, Operating Expenses stood at $177.8 million in 2022, then gained by 26.14% to $224.2 million in 2023, then surged by 37.01% to $307.2 million in 2024, then climbed by 17.16% to $359.9 million in 2025, then fell by 6.49% to $336.6 million in 2026.
- The last three Operating Expenses figures came in at $336.6 million (Q2 2026), $279.3 million (Q1 2026), and $359.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 843.62 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 1.89 Bn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | 8,222.00 |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 384.20 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 336.56 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 395.08 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 770.07 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | -17.45 Mn |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 151.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 336.56 Mn |
| Mar 31, 2026 | 279.28 Mn |
| Dec 31, 2025 | 359.93 Mn |
| Sep 30, 2025 | 308.58 Mn |
| Jun 30, 2025 | 304.75 Mn |
| Mar 31, 2025 | 269.68 Mn |
| Dec 31, 2024 | 307.21 Mn |
| Sep 30, 2024 | 258.19 Mn |
| Jun 30, 2024 | 244.52 Mn |
| Mar 31, 2024 | 211.68 Mn |
| Dec 31, 2023 | 224.23 Mn |
| Sep 30, 2023 | 292.21 Mn |
| Jun 30, 2023 | 189.46 Mn |
| Mar 31, 2023 | 189.21 Mn |
| Dec 31, 2022 | 177.76 Mn |
| Sep 30, 2022 | 198.46 Mn |
| Jun 30, 2022 | 180.32 Mn |
| Mar 31, 2022 | 212.66 Mn |
| Dec 31, 2021 | 271.91 Mn |
| Sep 30, 2021 | 338.67 Mn |