PJT Partners Reports Strong Second Quarter Results with Beat on Revenue and EPS
PJT Partners (PJT) reported second-quarter results that exceeded expectations, posting a Non-GAAP EPS of $1.97, which beat estimates by $0.40. The company also generated revenue of $486 million, surpassing forecasts by $61 million and marking a 19.4% year-over-year increase. The firm highlighted record cash balances of $535 million in the form of cash equivalents and short-term investments with no funded debt. Additionally, PJT Partners repurchased approximately 2.1 million shares through June 30, 2026, signaling confidence in its financial position and commitment to shareholder returns. The results reflect strong performance across a diversified revenue base and underscore the company's strategic focus on capital efficiency and value creation for shareholders.
