Moelis

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across the top and bottom lines: revenue of $409.4M outperformed the $388.7M estimate by 5.3%, while Diluted EPS of $0.62 comfortably exceeded the $0.53 consensus. Strong U.S. M&A activity and higher average fees per transaction offset a -30% YoY decline in non-US revenues. Management declared a $0.65 quarterly dividend and maintained a robust capital position with no debt, despite elevated non-compensation expenses related to AI infrastructure and new office footprint.