PJT Partners Inc. — Third Quarter 2026 Earnings Summary

PJT Partners Inc. reported third-quarter 2026 revenues of $385 million, a 14% decrease from the prior year, while achieving record year-to-date revenues of $1.29 billion for the nine-month period. GAAP pretax income for the quarter was $69 million, down 24% year-over-year, whereas the nine-month GAAP pretax income rose 14% to $251 million. The company maintained a strong balance sheet with $766 million in cash, cash equivalents, and short-term investments, alongside no funded debt. Additionally, PJT Partners repurchased 2.3 million shares during the first nine months of 2026 and declared a quarterly dividend of $0.25 per share.