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PJT Partners Posts Record Q2 Revenue and EPS; Strong Balance Sheet Supports Upside

Jul 28, 2026, 6:53 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The company beat on key metrics with record revenues and EPS, plus no debt and meaningful buybacks/dividends, which historically supports positive re-rating and per-share gains. Similar patterns in advisory peers during favorable M&A cycles have led to short-to-medium-term outperformance.

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What happened, with direct paths to the underlying reporting

PJT Partners posted a record second quarter with revenue of $486.3 million, GAAP pretax income of $102.1 million, and GAAP EPS of $1.66 (adjusted EPS of $1.97). For the first half, revenue hit $904 million, with adjusted pretax income rising to $189 million. The balance sheet is strong: $535 million in cash and no funded debt, plus $760 million in remaining repurchase authorization. The results, driven by advisory strengths in strategic deals, private capital solutions, and restructurings, set a constructive near-term path ahead of the July 28 investor call and highlight potential for multiple expansion and continued shareholder returns.

PJT reports record Q2 revenue of $486.3m, pretax income $102.1m, EPS $1.66.
Six-month results: revenue $904m, pretax income $182m; EPS GAAP $3.87, Adjusted $3.51.
Cash and equivalents: $535m; no funded debt; 2.1m shares repurchased in H1.
Dividend declared: $0.25 per Class A share; remaining buyback authorization $760m.

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