Investment banking firm Moelis & Company (NYSE: MC) fell short of the market’s revenue expectations in Q3 2026, but revenue rose 13.2% year on year to $425.6 million. Its non-GAAP profit of $0.75 per share was 3.7% above analysts’ consensus estimates.
For more on Moelis, read the full research report for free.
Moelis (MC) Q3 2026 highlights:
- Revenue $425.6 million vs S&P analysts’ consensus estimates of $434.4 million (13.2% year-on-year growth, 2% miss)
- Pre-tax profit $90.66 million (21.3% margin)
- Adjusted EPS $0.75 vs S&P analysts’ consensus estimates of $0.72 (3.7% beat)
- Market capitalization $4.32 billion
"We reported record revenues for the first nine months of the year, reflecting continued momentum across our business and the strength of our expanded platform. With a record pipeline, strong levels of client activity, and continued investments in exceptional talent, we are well positioned to capitalize on attractive growth opportunities and deliver long-term value for our clients and shareholders," said Navid Mahmoodzadegan, chief executive officer and co-founder.
Revenue growth
A company’s long-term revenue performance can indicate its overall quality. Even a bad business can perform well for one or two quarters, but a top-tier one grows for years. Moelis’s revenue grew at a weak 1% compounded annual growth rate over the last five years, falling short of our standards.
Long-term growth matters most, but within financials, a half-decade historical view may miss recent interest rate changes, market returns and industry trends. Moelis’s annualized revenue growth of 29.6% over the last two years is above its five-year trend, suggesting its demand recently accelerated. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Moelis’s revenue grew by 13.2% year on year to $425.6 million but fell short of Wall Street’s consensus estimates.
Key takeaways from Moelis’s Q3 results
Moelis’s Q3 results were mixed: EBITDA and EPS topped analysts’ consensus estimates, but revenue fell short. The revenue miss left the quarter short of a stronger overall result. Shares remained flat at $57.96 immediately after the release.
Moelis may have had a tough quarter, but evaluating the stock also requires considering its valuation and business quality alongside the latest quarterly results. For more on Moelis, read our full research report here (it’s free).
