Perella Weinberg Partners Reports Q2 Revenue Growth Amid Rising Backlog
Perella Weinberg Partners (NASDAQ:PWP) reported second-quarter revenue of $157 million, a 1% increase year over year. The firm noted significant growth in its announced and pending backlog, which was nearly 2.5 times higher than the previous year. CEO Andrew Bednar highlighted increased M&A activity across healthcare, industrials, energy, and technology sectors. Despite first-half revenue declining by 17%, management expects stronger performance in the second half of 2026 due to improved momentum in advisory services. The firm also reduced non-compensation expenses by 20% year over year and returned $73 million to equity holders through dividends and share repurchases. Perella Weinberg maintained its quarterly dividend at $0.07 per share, ended the quarter with $116 million in cash, and reported no debt on its balance sheet.
Topics: advisory activity capital returns cost control revenue