Moelis (MC) Operating Expenses (2013 - 2026)
Moelis (MC) posted quarterly Operating Expenses of $279.3 million for Q1 2026, up 3.56% year-over-year from $269.7 million in Q1 2025, and down 22.41% on a QoQ basis from $359.9 million in Q4 2025.
Moelis (MC) Operating Expenses (2013 - 2026) Analysis & Trends
Moelis (MC) has reported Operating Expenses for 14 consecutive years, with $279.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 3.56% year-over-year to $279.3 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 16.02% YoY), while the FY2025 annual figure was $1.2 billion, up 21.67% from the prior year.
- Operating Expenses came in at $279.3 million for Q1 2026 at Moelis, down from $359.9 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 $247.5 million, with a median of $244.5 million recorded in 2024.
- Across the five-year window, Operating Expenses sank 41.4% in 2022 and jumped 47.24% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $177.8 million in 2022, then climbed by 26.14% to $224.2 million in 2023, then jumped by 37.01% to $307.2 million in 2024, then increased by 17.16% to $359.9 million in 2025, then declined by 22.41% to $279.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $279.3 million, $359.9 million, and $308.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Moelis | 58.28 Mn | 40.47 Mn | - | 279.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 242.69 Mn |