PJT Partners Reports Q3 2026 Results with Declining Revenue Amid Transaction Headwinds
PJT Partners reported third-quarter revenue of $385.1 million, a decline driven by fewer transaction completions across all business lines compared to the previous year. This slowdown resulted in adjusted pretax income falling 23% to $72.4 million and adjusted EPS dropping 24% year-over-year to $1.41. Management cited elevated interest rates, geopolitical risks, and market volatility as primary obstacles to closing deals. Despite the quarterly dip, the firm achieved record revenue for the first nine months of 2026, totaling $1,289.6 million, bolstered by strong performance in strategic advisory and restructuring. The company maintains a robust liquidity position with a record $766 million in cash and short-term investments, and continues to execute its share repurchase program with $739 million remaining in authorization.
Tickers: $PJT
Topics: eps decrease record cash balance revenue decline strategic advisory growth
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