PJT Partners Q3 revenue declines 14% to $385m
Key points
- PJT Partners reported third-quarter revenue of $385.1 million, down 14% year over year, as strategic advisory, restructuring and private capital solutions revenue declined.
- GAAP diluted EPS fell to $1.15 from $1.47, while adjusted EPS of $1.41 missed the cited $1.51 analyst consensus by $0.10.
- Despite the weaker quarter, PJT Partners reported record nine-month revenue of $1.29 billion, up 9%, alongside higher pretax income and earnings per share. Business Wire
PJT Partners (NYSE:PJT) reported third-quarter 2026 revenue of $385.1 million, down 14% from $447.1 million a year earlier, as several investment banking advisory businesses recorded lower revenue.
GAAP diluted earnings per share declined to $1.15 from $1.47, while adjusted EPS fell to $1.41, missing the cited analyst consensus estimate of $1.51.
GAAP pretax income decreased 24% to $68.8 million, while total expenses fell 11% to $316.3 million and quarterly net income attributable to PJT Partners Inc. reached $31.8 million.
For the first nine months of 2026, revenue increased 9% to a record $1.29 billion, while GAAP diluted EPS rose to $5.02 from $4.70 a year earlier.
Quarterly revenue declined across strategic advisory, restructuring and private capital solutions, partially offset by higher primary fundraising revenue, while the company maintained $766 million in cash, cash equivalents and short-term investments with no funded debt.
PJT Partners provides strategic advisory, restructuring, shareholder advisory and private capital services to corporations, financial sponsors and institutional investors across global financial markets.
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