Pjt Partners Inc. ( (PJT) ) has released its Q2 earnings. Here is a breakdown of the information Pjt Partners Inc. presented to its investors.
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PJT Partners Inc. is a global advisory-focused investment bank known for its independent advice and high-touch client service, operating primarily in the financial services sector. The company has reported record-breaking financial results for the second quarter and first half of 2025, showcasing significant growth in revenues, pretax income, and earnings per share (EPS). For the second quarter, PJT Partners achieved revenues of $407 million, marking a 13% increase from the previous year. The company’s GAAP pretax income rose by 19% to $76 million, while adjusted pretax income increased by 22% to $80 million. Additionally, GAAP diluted EPS grew by 14% to $1.21, and adjusted EPS surged by 29% to $1.54.
Key financial metrics for the first half of 2025 also reflected strong performance, with revenues reaching $731 million, a 6% increase year-over-year. GAAP pretax income rose by 9% to $129 million, and adjusted pretax income increased by 13% to $136 million. The company’s GAAP diluted EPS saw a substantial 40% increase to $3.21, while adjusted EPS grew by 19% to $2.59. The increase in advisory revenues was primarily driven by strategic advisory services, while a decrease in placement revenues was noted due to lower fund placement activities. Interest income and other revenues benefited from an increase in the fair market value of equity securities received as transaction compensation.
PJT Partners’ capital management strategy included the repurchase of 2.1 million shares and share equivalents through June 2025, with cash and short-term investments totaling $318 million and no funded debt. The company also announced a quarterly dividend of $0.25 per share of Class A common stock, payable in September 2025. The CEO, Paul J. Taubman, emphasized the firm’s commitment to long-term growth and client service excellence.
Looking ahead, PJT Partners remains confident in its growth prospects, continuing to invest in its operations and talent to maintain its position as a leading advisory-focused investment bank. The company aims to build on its record-setting performance by leveraging its strategic advisory capabilities and expanding its global footprint.