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PJT Partners Inc (PJT)
NYSE:PJT
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.49Last Year’s EPS
1.05Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record-setting financial and operational achievements (revenues +15% YoY, record adjusted EPS, best quarters across strategic advisory, restructuring, and Park Hill), strong balance sheet and active capital return to shareholders. Management also highlighted durable demand in restructuring, an expanding private capital solutions opportunity, and ongoing talent investments. Headwinds include rising non-compensation costs, a challenged primary fundraising market, some concentration of deal activity in mega-cap transactions, and macro/AI/geopolitical uncertainties. Overall, positives substantially outweigh the noted challenges.Company Guidance
Record Financial Performance
Full year 2025 total revenues of $1.714 billion (up 15% YoY), record adjusted pretax income of $357 million, and record adjusted if-converted EPS of $6.98 (up ~34% YoY from $5.20). Fourth quarter revenues were $535 million (up 12% YoY) with adjusted EPS of $2.55 (up ~34% YoY from $1.90).
Strong Quarterly Results Across Businesses
All businesses delivered record revenues in 2025; the firm reported record quarters in Strategic Advisory, Restructuring, and PJT Park Hill, and pierced $500 million in revenues in Q4 for the first time.
Restructuring Momentum
Demand for liability management and restructuring advice remained elevated; PJT delivered its best restructuring quarter and best restructuring year ever, and management expects a multiyear period of elevated restructuring activity driven by industry-specific stress and capital structure dynamics.
PJT Park Hill Strength and Private Capital Solutions
PJT Park Hill delivered its strongest quarter ever and full-year results exceeded 2024; management expects private capital solutions, secondaries and structured products to offset any primary fundraising weakness and to be a growing revenue driver.
Improved Compensation Efficiency
Full year adjusted compensation expense was $1.15 billion with a compensation ratio of 67.1% (down from 69.0% in 2024). Q4 compensation ratio was 66.2%, reflecting operating leverage versus the prior year.
Solid Capital Position and Shareholder Returns
Record cash, cash equivalents and short-term investments of $586 million and net working capital of $632 million; no funded debt outstanding. Spent a record $384 million on share repurchases (approximately 2.4 million shares/equivalents) and the Board approved a quarterly dividend of $0.25 per share.
Headcount and Talent Investment
Continued investment in senior talent with firm-wide partner headcount up 12% and total headcount up 7% for the year, consistent with management’s strategy to expand capabilities and geographic footprint.
Strong Profitability Margins and Tax Benefit
Adjusted pretax margin of 20.8% for the full year and 23.7% for Q4. Full-year effective tax rate was 14.1% (below prior estimate of 15.5%) due to a realized tax benefit from delivery of vested shares; management estimates a 2026 tax rate in the high teens.
PJT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PJT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $174.00 | $160.62 | -7.69% |
Nov 04, 2025 | $162.17 | $163.17 | +0.62% |
Jul 29, 2025 | $181.99 | $177.00 | -2.74% |
Apr 29, 2025 | $134.73 | $140.81 | +4.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PJT Partners Inc (PJT) report earnings?
PJT Partners Inc (PJT) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is PJT Partners Inc (PJT) earnings time?
PJT Partners Inc (PJT) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PJT EPS forecast?
PJT EPS forecast for the fiscal quarter 2026 (Q1) is 1.49.