The strong beat on both revenue and EPS, combined with record cash and a large remaining buyback authorization, signals accelerating momentum in advisory and restructuring businesses. Traders should watch for potential guidance on the upcoming earnings call and monitor for continued share repurchase execution.
Price Chart
Executive Summary
PJT Partners reported record Q2 2026 results with revenue of $486M (+20% YoY) and Adjusted EPS of $1.97, a 28% YoY increase that beat consensus estimates by 25.6%. The company also reported record cash of $535M with no funded debt and has $760M remaining on its buyback authorization, reinforcing its strong financial position and capital return capacity.
Key Financial Metrics
Key Facts
- Record Q2 2026 revenue of $486M, up 20% YoY
- Adjusted EPS of $1.97 beat consensus of $1.57 by 25.6%
- GAAP diluted EPS of $1.66, up 37% YoY
- Record cash of $535M with no funded debt
- $760M remaining on share repurchase authorization
- Revenue growth driven by strategic advisory, private capital solutions, and restructuring
- Quarterly dividend maintained at $0.25 per share
Financial Impact
Record Q2 revenue of $486M (+20% YoY) and Adjusted EPS of $1.97 (+28% YoY) significantly exceeded consensus estimates
Risk Factors
- Compensation expense growth of 18% YoY may pressure margins if revenue growth slows
- Dependence on M&A and restructuring market cycles could lead to revenue volatility
- Partnership unit exchanges for cash create ongoing dilution management complexity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-318829 |
| Document: pjt-20260728.htm | 0001193125-26-318829 |
| Document: 0001193125-26-318829-index-headers.html | 0001193125-26-318829 |
| Document: 0001193125-26-318829-index.html | 0001193125-26-318829 |
| Document: 0001193125-26-318829.txt | 0001193125-26-318829 |
| 8-K Data (Synthetic) | 0001193125-26-318829 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Cluster | $174.96 $151.39 | ▼ −13.47% | ▼ −12.95% | $138.07 (−21.08%) |
Jul 28, 2026 9w ago | 8-K | $173.23 $174.61 | ▲ +0.80% | ▼ −2.58% | $138.07 (−20.30%) |
Jul 16, 2026 11w ago | 8-K | $167.22 $178.86 | ▲ +6.96% | ▲ +3.34% | $138.07 (−17.43%) |
May 1, 2026 22w ago | Insider Cluster | $154.84 $156.25 | ▲ +0.91% | ▼ −4.37% | $138.07 (−10.83%) |
Apr 28, 2026 22w ago | 8-K | $152.96 $154.07 | ▲ +0.73% | ▼ −4.73% | $138.07 (−9.73%) |
Apr 9, 2026 25w ago | Court Ruling | $150.00 $152.14 | ▼ −1.43% | ▲ +6.14% | $138.07 (+7.95%) |
US Market Status
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