Q2 2026 PJT Partners Inc Earnings Call Transcript

Jul 28, 2026 / 12:30 PM GMT

Release Date Price: $167.23 (-2.52%)

Transcript 8-K

Key Points

Positve

PJT Partners Inc (PJT) reported record results for the second quarter and first half of 2026, with revenues, adjusted pre-tax income, and adjusted EPS reaching the highest levels in the firm's history.
Revenues for the second quarter were $486 million, up 20% year-over-year, and for the first half of the year, revenues increased by 24%.
The restructuring team ranked number one in global and US announced and completed restructurings, delivering record results for the second quarter and first half.
PJT Park Hill saw significant growth in private capital solutions, which more than offset declines in primary fundraising, leading to increased revenues.
The strategic advisory business delivered record revenues for the second quarter and first half, with a favorable deal environment and a growing M&A backlog.

Negative

Non-compensation expenses increased by 10% year-over-year for the second quarter and are expected to grow by 14% for the full year, driven by higher occupancy costs, travel expenses, and investments in AI and technology infrastructure.
Despite record performance, PJT Partners Inc (PJT) expects revenue growth for the full year to be less than that achieved in the first half.
The strategic advisory business faces challenges from geopolitical and AI uncertainties, which add to market volatility.
The primary fundraising market remains challenging, impacting PJT Park Hill's performance despite growth in private capital solutions.
The company is experiencing elevated business-related expenses, particularly in travel and professional fees, which could impact future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PJT.N - PJT Partners Inc
Q2 2026 PJT Partners Inc Earnings Call
Jul 28, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the PJT Partners second quarter 2026 earnings call.

Today's conference is being recorded.

At this time, I would like to turn the conference over to Sharon Pearson, Head of Investor Relations. Please go ahead, ma'am.

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Unidentified_2 [2]
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Thank you very much and good morning and welcome to the PJT Partners second quarter 2026 earnings conference call.

I'm Sharon Pearson, Head of Investor Relations at PJP and joining me today is Paul Tabman, our Chairman and Chief Executive Officer and Helen Mates, our Chief

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