Jun 2026 (Q2 FY26) — Jul 28, 2026
PJT Partners Q2 FY26 — Record Revenues and Profitability Driven by Strategic Advisory and Restructuring
Read the full callPJT Partners earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 486 | +19.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 45.8 | +39.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $175.03 on 14 Oct 2025 → $136.12. High $191.42 (22 Jan 2026), low $129.05 (12 Mar 2026).
Overview
Call summaries
PJT Partners Q2 FY26 — Record Revenues and Profitability Driven by Strategic Advisory and Restructuring
Read the full callPJT Partners Q1 FY26 — Record Revenues and Profitability Driven by Strategic Advisory
Read the full callEvery analysed call
Financials
Net profit, year on year: +39% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 326 | 477 | 325 | 407 | 447 | 535 | 418 | 486 |
| Expenses | 277 | 374 | 272 | 330 | 356 | 412 | 338 | 384 |
| Profit before tax | 49 | 103 | 53 | 76 | 91 | 123 | 80 | 102 |
| Tax rate | 16.8% | 11.6% | −41.0% | 19.7% | 17.6% | 19.3% | −11.0% | 20.4% |
| Net profit | 22 | 51 | 54 | 33 | 40 | 53 | 61 | 46 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -170 | -145 | -33 | -5 | 61 | 118 | 229 | 384 |
| Total liabilities | 184 | 378 | 484 | 350 | 291 | 574 | 734 | 834 |
| Fixed assets | 35 | 37 | 39 | 37 | 31 | 26 | 22 | 61 |
| Total assets | 672 | 953 | 1,172 | 988 | 1,051 | 1,435 | 1,635 | 1,843 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 123 | 211 | 469 | 124 | 243 | 442 | 531 | 526 |
| Cash from investing | -31 | -2 | -146 | 131 | -53 | -34 | 8 | -29 |
| Cash from financing | -131 | -101 | -244 | -353 | -210 | -228 | -409 | -454 |
| Net cash flow | -40 | 110 | 84 | -99 | -27 | 182 | 128 | 55 |
| Capital expenditure | -7 | -9 | -9 | -6 | -3 | -4 | -3 | -46 |
| Free cash flow | 116 | 202 | 461 | 118 | 239 | 438 | 528 | 480 |
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Advisory Fees | 88% | 86% | 89% | 89% | 88% | 88% | 88% | 89% | +9.1% |
| Placement Fees | 11% | 13% | 10% | 7% | 11% | 11% | 11% | 10% | +63.9% |
| Interest Income From Placement Fees and Other | 1% | 1% | 1% | — | 1% | 1% | 1% | 1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q2 FY2026 · share of revenue
As PJT cuts its regions in its filings; they can nest, so they need not add to 100%.
20 filings between Nov 14, 2025 and Aug 21, 2026.
Purchases
None
No insider bought shares.
Sales
$3.74M
8 sales by 6 insiders
Also filed: 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Cornwell Kievdi Don | — | $1.36M | Aug 21, 2026 |
| Meates Helen T | — | $1.23M | May 1, 2026 |
| Travin David Adam | — | $457.3K | May 6, 2026 |
| Costos James | — | $301.5K | Aug 21, 2026 |
| Skaugen Grace Reksten | — | $215.1K | Jul 31, 2026 |
| Rafferty Emily K | — | $184.1K | Aug 10, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 21, 2026 | Cornwell Kievdi Don Director | Sale | 6,987 | $1.21M |
| Aug 21, 2026 | Cornwell Kievdi Don Director | Sale | 858 | $149.3K |
| Aug 21, 2026 | Costos James Director | Sale | 1,723 | $301.5K |
| Aug 10, 2026 | Rafferty Emily K Director | Sale | 1,100 | $184.1K |
| Jul 31, 2026 | Skaugen Grace Reksten Director | Sale | 1,283 | $215.1K |
| Jun 1, 2026 | Rafferty Emily K Director | Option exercise | 1,541 | — |
| Jun 1, 2026 | RYAN THOMAS M Director | Option exercise | 2,570 | — |
| Jun 1, 2026 | Skaugen Grace Reksten Director | Option exercise | 1,283 | — |
| Jun 1, 2026 | Whitney Kenneth C Director | Option exercise | 1,283 | — |
| Jun 1, 2026 | Costos James Director | Option exercise | 1,929 | — |
| May 6, 2026 | Travin David Adam General Counsel | Sale | 2,748 | $418.7K |
| May 6, 2026 | Travin David Adam General Counsel | Sale | 252 | $38.5K |
| May 1, 2026 | Meates Helen T Chief Financial Officer | Sale | 8,000 | $1.23M |
| Mar 2, 2026 | Lee Ji-Yeun Managing Partner | Option exercise | 12,944 | — |
| Mar 2, 2026 | Cornwell Kievdi Don Director | Option exercise | 10,038 | — |
| Mar 2, 2026 | Cornwell Kievdi Don Director | Option exercise | 8,827 | — |
| Mar 2, 2026 | Travin David Adam General Counsel | Option exercise | 5,052 | — |
| Mar 2, 2026 | Meates Helen T Chief Financial Officer | Option exercise | 9,627 | — |
| Nov 28, 2025 | Cornwell Kievdi Don Director | Gift | 1,002 | $0 |
| Nov 14, 2025 | Meates Helen T Chief Financial Officer | Gift | 3,000 | $0 |
| Aug 7, 2025 | Skaugen Grace Reksten Director | Sale | 1,504 | $266.0K |
| Jul 31, 2025 | Travin David Adam General Counsel | Sale | 2,288 | $407.4K |
| Jul 28, 2025 | Skaugen Grace Reksten Director | Option exercise | 1,504 | — |
| Jun 2, 2025 | RYAN THOMAS M Director | Option exercise | 3,450 | — |
| Jun 2, 2025 | Rafferty Emily K Director | Option exercise | 1,723 | — |
| Jun 2, 2025 | Whitney Kenneth C Director | Option exercise | 1,723 | — |
| Jun 2, 2025 | Costos James Director | Option exercise | 1,723 | — |
| May 30, 2025 | Cornwell Kievdi Don Director | Sale | 2,052 | $306.8K |
| May 30, 2025 | Cornwell Kievdi Don Director | Sale | 7,351 | $1.11M |
| May 30, 2025 | Cornwell Kievdi Don Director | Sale | 1,000 | $151.0K |
| May 29, 2025 | Cornwell Kievdi Don Director | Sale | 9,597 | $1.45M |
| May 2, 2025 | Travin David Adam General Counsel | Sale | 5,000 | $708.7K |
| Mar 3, 2025 | Meates Helen T Chief Financial Officer | Option exercise | 12,480 | — |
| Mar 3, 2025 | Travin David Adam General Counsel | Option exercise | 7,288 | — |
| Mar 3, 2025 | Cornwell Kievdi Don Director | Option exercise | 10,037 | — |
| Mar 3, 2025 | Cornwell Kievdi Don Director | Option exercise | 8,772 | — |
| Mar 3, 2025 | Lee Ji-Yeun Managing Partner | Option exercise | 15,275 | — |
| Feb 6, 2025 | Cornwell Kievdi Don Director | Option exercise | 338 | — |
| Nov 12, 2024 | Whitney Kenneth C Director | Sale | 1,725 | $275.6K |
| Nov 8, 2024 | Meates Helen T Chief Financial Officer | Gift | 3,000 | $0 |
| Nov 8, 2024 | Travin David Adam General Counsel | Sale | 1,541 | $245.3K |
| Nov 8, 2024 | Lee Ji-Yeun Managing Partner | Gift | 1,250 | $0 |
| Nov 8, 2024 | Whitney Kenneth C Director | Gift | 37,160 | $0 |
| Nov 7, 2024 | Taubman Paul J Chairman and CEO | Gift | 60,000 | $0 |
| Nov 7, 2024 | Costos James Director | Sale | 1,500 | $242.1K |
| Oct 31, 2024 | Cornwell Kievdi Don Director | Option exercise | 7,360 | — |
| Sep 3, 2024 | Lee Ji-Yeun Managing Partner | Sale 10b5-1 plan | 1,725 | $206.2K |
| Sep 3, 2024 | Lee Ji-Yeun Managing Partner | Sale 10b5-1 plan | 675 | $81.2K |
| Sep 3, 2024 | Lee Ji-Yeun Managing Partner | Sale 10b5-1 plan | 483 | $58.8K |
| Sep 3, 2024 | Lee Ji-Yeun Managing Partner | Sale 10b5-1 plan | 17 | $2.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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