Moelis & Company (MC) Income Statement
MC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMC revenue and net income
Where MC's revenue goes
2025Each bar shows an amount and its share of revenue. MC kept 15.4% of revenue as net income.
MC profit margins
MC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.0% | +15.5% | +10.0% | +10.6% |
| Gross profit | +313.0% | +60.0% | +31.5% | +20.1% |
| Operating income | +58.4% | +8.2% | +0.6% | +7.1% |
| Net income | +71.3% | +15.7% | +5.4% | +21.5% |
| EPS (diluted) | +65.6% | +9.8% | +0.8% | +6.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MC quarterly EPS vs estimates
Moelis & beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.68).
MC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.19B | $854.7M | $985.3M | $1.54B | $943.3M | $746.5M | $885.8M | $684.6M | $613.4M |
| Cost of revenue | $11.9M | $830.2M | $714.7M | $618.2M | $913.9M | $560.8M | $488.4M | $513.9M | $401.4M | $360.9M |
| Gross profit | $1.50B | $364.4M | $140.0M | $367.1M | $626.7M | $382.5M | $258.1M | $372.0M | $283.2M | $252.5M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $29.8M | $188.0M | $107.4M | $84.5M | $83.7M | $80.6M | $71.0M | $74.0M | $62.2M | $53.3M |
| Total operating expenses | $1.23B | $191.4M | $180.4M | $151.0M | $130.8M | $116.8M | $143.6M | $145.2M | $118.9M | $91.4M |
| Operating income | $273.9M | $172.9M | −$40.4M | $216.1M | $495.9M | $265.7M | $114.5M | $226.8M | $164.3M | $161.1M |
| Interest income | $2.8M | $3.4M | $2.8M | $15.0M | $27.3M | — | — | $7.2M | $8.3M | $5.1M |
| Interest expense | — | — | — | $18.1M | $17.4M | $35.2M | $2.4M | $0 | $0 | $0 |
| Income before taxes | $327.5M | $196.0M | −$29.1M | $216.3M | $536.3M | $270.1M | $147.5M | $238.5M | $350.4M | $166.7M |
| Income taxes | $67.9M | $44.5M | −$1.6M | $47.6M | $113.3M | $51.7M | $11.8M | $30.4M | $223.8M | $24.8M |
| Net income | $233.0M | $136.0M | −$24.7M | $150.3M | $365.2M | $178.8M | $105.1M | $140.7M | $29.4M | $38.4M |
| EBITDA | $339.4M | $183.4M | −$32.0M | $224.1M | $503.2M | $270.4M | $119.5M | $231.4M | $167.8M | $164.3M |
| EPS (diluted) | $2.98 | $1.80 | −$0.20 | $2.25 | $5.40 | $2.87 | $1.97 | $3.01 | $2.29 | $1.80 |
| Gross margin | 99.2% | 30.5% | 16.4% | 37.3% | 40.7% | 40.5% | 34.6% | 42.0% | 41.4% | 41.2% |
| Operating margin | 18.1% | 14.5% | −4.7% | 21.9% | 32.2% | 28.2% | 15.3% | 25.6% | 24.0% | 26.3% |
| Net margin | 15.4% | 11.4% | −2.9% | 15.3% | 23.7% | 19.0% | 14.1% | 15.9% | 4.3% | 6.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $409.4M | $319.8M | $487.9M | $356.9M | $365.4M | $306.6M | $438.7M | $273.8M | $264.6M | $217.5M | $214.9M | $272.2M |
| Cost of revenue | $4.4M | $210.4M | $3.4M | $255.4M | $252.1M | $211.5M | $257.1M | $210.7M | $197.9M | $164.5M | $178.5M | $242.2M |
| Gross profit | $405.0M | $109.4M | $484.6M | $101.5M | $113.3M | $95.0M | $181.6M | $63.1M | $66.7M | $53.0M | $36.4M | $29.9M |
| Sales, general & admin | $324.0M | $32.7M | $317.8M | $28.4M | $30.0M | $28.4M | $28.3M | $28.7M | $25.0M | $25.5M | $28.4M | $32.4M |
| Total operating expenses | $332.2M | $68.9M | $356.6M | $53.2M | $52.6M | $58.1M | $50.1M | $47.5M | $46.6M | $47.2M | $45.7M | $50.0M |
| Operating income | $72.8M | $40.5M | $128.0M | $48.3M | $60.6M | $36.9M | $131.5M | $15.6M | $20.1M | $5.8M | −$9.3M | −$20.0M |
| Interest income | — | — | $2.6M | $1.1M | $306,000 | $602,000 | $1.7M | $1.4M | — | — | — | $1.1M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.8M | — |
| Income before taxes | $75.3M | $46.2M | $138.0M | $82.3M | $64.1M | $43.1M | $137.5M | $26.7M | $21.8M | $10.0M | −$4.2M | −$10.1M |
| Income taxes | $20.2M | $3.9M | $39.0M | $22.2M | $17.4M | −$10.7M | $37.7M | $7.4M | $6.9M | −$7.5M | $2.3M | $1.3M |
| Net income | $48.6M | $38.4M | $87.9M | $53.4M | $41.5M | $50.3M | $89.4M | $16.9M | $13.2M | $16.6M | −$5.7M | −$10.7M |
| EBITDA | $77.0M | $44.0M | $141.3M | $51.3M | $63.4M | $39.7M | $134.3M | $18.4M | $22.5M | $8.2M | −$7.1M | −$18.0M |
| EPS (diluted) | $0.63 | $0.50 | $1.13 | $0.68 | $0.53 | $0.64 | $1.18 | $0.22 | $0.18 | $0.22 | −$0.06 | −$0.15 |
| Gross margin | 98.9% | 34.2% | 99.3% | 28.4% | 31.0% | 31.0% | 41.4% | 23.0% | 25.2% | 24.4% | 16.9% | 11.0% |
| Operating margin | 17.8% | 12.7% | 26.2% | 13.5% | 16.6% | 12.0% | 30.0% | 5.7% | 7.6% | 2.7% | −4.4% | −7.4% |
| Net margin | 11.9% | 12.0% | 18.0% | 15.0% | 11.4% | 16.4% | 20.4% | 6.2% | 5.0% | 7.6% | −2.6% | −3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MC's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MC financial results
In fiscal year 2025 (ended December 31, 2025), Moelis & reported revenue of $1.5 billion, up 27.0% from the year before. It had net income of $233.0 million (up 71.3%), a net profit margin of 15.4%. Diluted earnings per share came to $2.98. Over five years revenue grew at an average rate of 10.0% a year.
See the MC stock overview for the latest quote and news, or the MC chart for price history and technical indicators.
MC income statement FAQ
What is Moelis &'s annual revenue?
Moelis & reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 27.0% from $1.2 billion the previous year.
Is Moelis & profitable?
Yes. Moelis & reported net income of $233.0 million in fiscal 2025, a net profit margin of 15.4%; its operating margin was 18.1%.
What is Moelis &'s gross margin?
Moelis &'s gross margin was 99.2% in fiscal 2025: for every $100 of revenue, Moelis & kept $99 after the direct cost of its products and services.
How fast is Moelis & growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from $943.3 million to $1.5 billion.
What are Moelis &'s earnings per share?
Moelis & earned $2.98 per diluted share in fiscal 2025, compared with $1.80 a year earlier.
When will Moelis & report its next earnings?
Moelis & is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Moelis &'s fiscal year end?
Moelis &'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.