PJT Partners Inc. reported second-quarter 2026 results with revenue of $486.3M and diluted EPS of $1.66, reflecting higher revenue and earnings versus the year-ago quarter as advisory, private capital solutions and restructuring activity supported deal flow.
Financial Highlights
- Revenue: $486.3M for Q2 2026, up from $406.9M in the year-ago quarter (20% YoY).
- Net income: $45.8M attributable to PJT Partners Inc. for Q2 2026, versus $32.9M in the year-ago quarter (39% YoY).
- Diluted EPS: $1.66 for Q2 2026, up from $1.21 in the year-ago quarter.
Business Highlights
- Revenue growth: Revenues rose 20% in Q2 and 24% year-to-date, driven by strength in strategic advisory, private capital solutions and restructuring assignments.
- Client and fee mix: Active clients increased to 252 from 233, and the firm recorded 74 fees of $1M or more in Q2, indicating sustained high‑value deal flow.
- Operational investment: Expansion of global offices and technology infrastructure raised occupancy, depreciation and information services expenses as the firm scales its platform.
- Talent and compensation: Headcount and senior hires increased, boosting compensation expense as PJT invests in senior advisory capacity.
- Market outlook: Strong M&A and restructuring markets underpin deal activity, though the firm noted continuing macroeconomic and capital markets uncertainty.
Original SEC Filing:
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