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
DateValue
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