Moelis & Company reported significant financial growth in its latest quarterly results, with revenues reaching $356.9 million for the three months ended September 30, 2025, a 30% increase from $273.8 million in the same period last year. For the nine months ending September 30, 2025, revenues totaled $1.03 billion, marking a 36% rise compared to $755.8 million in the prior year. The firm attributed this growth to an increase in both the average fees per completed transaction and the number of transactions executed during the period.
The company's operating income for the third quarter surged to $48.3 million, a substantial increase from $15.6 million in the same quarter of 2024. For the nine-month period, operating income reached $145.9 million, compared to $41.4 million in the previous year. Net income also saw a significant rise, with $60.1 million reported for the third quarter, up from $19.2 million a year earlier, and $160.6 million for the nine months, compared to $51.6 million in 2024. This resulted in a diluted earnings per share of $0.67 for the third quarter and $1.84 for the nine-month period.
In terms of operational metrics, Moelis & Company served 155 clients in the third quarter of 2025, slightly down from 163 clients in the same period last year. However, the number of clients paying fees of $1 million or more increased to 72 from 67. The firm also reported a headcount of 1,035 advisory bankers as of September 30, 2025, reflecting its commitment to expanding its advisory capabilities.
The company has maintained a strong balance sheet, with total assets of $1.52 billion as of September 30, 2025, up from $1.38 billion at the end of 2024. Cash and cash equivalents decreased to $281.6 million from $412.5 million, primarily due to cash outflows related to dividends and share repurchases. Moelis & Company declared a quarterly dividend of $0.65 per share, to be paid on December 4, 2025, indicating a continued commitment to returning value to shareholders.
Looking ahead, Moelis & Company expressed optimism about its growth trajectory, citing strong new business origination and deal activity. The firm anticipates continued improvement in the M&A market, driven by high levels of capital among financial sponsors and a favorable environment for strategic transactions. However, it acknowledged potential risks, including economic conditions and regulatory changes that could impact its operations.
About Moelis & Co
Moelis & Company is a global independent investment bank providing strategic and financial advisory services across industries worldwide. Its core activities include M&A, recapitalizations, restructurings, and capital markets transactions for corporations, financial sponsors, and governments. The firm emphasizes conflict-free advice, deep industry expertise, and a collaborative culture, serving a diverse client base with a focus on long-term relationships and innovative solutions.
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