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Companies · PJT

PJT Reported this cycle

PJT Partners

New York, NY Founded 2014 Banking & Capital Markets

AI-generated · informational only · not investment advice · verify before relying.

Latest analysis

Updated Jul 30, 2026

PJT Partners posts Q2 2026 revenue of $486.3 million, up 20% YoY, with H1 2026 revenue of $904.5 million, up 24% YoY, driven by strategic advisory, private capital solutions, and restructuring.

PJT Partners delivered its strongest first half on record, with H1 2026 revenues of $904.5 million — up 24% from $731.4 million in H1 2025 — driven by simultaneous growth across strategic advisory, restructuring, and private capital solutions. Pre-tax income expanded 41% in H1 2026 to $182.5 million, outpacing revenue growth as compensation accrual rates declined despite higher absolute payouts. The firm simultaneously upsized its share repurchase authorization to $800 million from $500 million, signaling confidence in sustained cash generation even as fund placement conditions remain structurally challenged.

Tone: bullish

Revenue

$1.7B

PJT 10-K · FY 2025

Employees

1,224

Revenue FY2024

$1.5B

Founded

2014

Profile

PJT 10-K Item 1 · Feb 26, 2026

PJT Partners is a global, advisory-focused investment bank offering strategic advisory, restructuring and special situations, and alternative asset fundraising services. The firm operates through three integrated franchises serving corporations, financial sponsors, institutional investors, and governments worldwide. PJT Partners has been publicly traded on the NYSE under the ticker PJT since October 1, 2015.

Read filing description ↓

PJT Partners is a premier, global, advisory-focused investment bank that was built from the ground up to be different. Our highly experienced, collaborative teams provide independent advice coupled with old-world, high-touch client service. This ethos has allowed us to attract some of the very best talent in the markets in which we operate. We deliver leading advice to many of the world's most consequential companies, effect some of the most transformative transactions and restructurings and raise billions of dollars of capital around the globe to support startups and more established companies. Our Strategic Advisory business delivers strategic advice and innovative solutions to clients in often highly complex and challenging situations, advising corporate clients and financial sponsors on transactions including mergers and acquisitions, spin-offs, activism defense, contested M&A, joint ventures, minority investments and divestitures. Our Restructuring and Special Situations business is one of the world's leading global advisors in liability management, restructurings and special situations, including bespoke financings, tort liability resolutions, distressed M&A and Chapter 11 matters. PJT Park Hill, our leading global alternative asset advisory and fundraising business, provides private fund advisory and fundraising services for a diverse range of investment strategies, and is the only group among its peers with top-tier, dedicated private equity, alternative credit/hedge funds, real estate, directs and private capital solutions groups.

Primary products

  • Mergers and acquisitions advisory
  • Spin-off advisory
  • Activism defense
  • Contested M&A advisory
  • Joint venture advisory
  • Minority investment advisory

Business segments

Strategic Advisory Restructuring and Special Situations PJT Park Hill

End markets

Corporations Financial sponsors Institutional investors Governments General partners Limited partners Creditors

Geographies

United States United Kingdom Hong Kong Spain Japan United Arab Emirates Kingdom of Saudi Arabia Germany France Sweden
“Our Restructuring and Special Situations Group is a market leader with a global platform. Our PJT Park Hill platform holds market leading positions across its differentiated set of businesses, supported by longstanding relationships around the globe that provide unique access to capital sources, liquidity and structured solutions driving differentiated outcomes for our clients.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total revenues increased from approximately $1.49 billion in 2024 to approximately $1.71 billion in 2025, driven by growth in both Advisory Fees and Placement Fees.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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