Filing Flows › PJT Partners (PJT) › Q2 2026 › vs Q1 2026
PJT Partners (PJT) Q2 2026 vs Q1 2026 (quarter over quarter)
PJT Partners's revenue rose $68.1M (+16%) from $418M in Q1 2026 to $486M in Q2 2026. Operating margin 21.0% against 19.2% (+1.8 pts).
PJT Partners, Q2 2026: revenue $486M (+20% year over year), operating margin 21.0%, net earnings $45.8M, operating cash flow $237M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.0% | 19.2% | +1.8 pts |
| Net margin | 9.4% | 14.5% | -5.0 pts |
| Free cash flow margin | 46.6% | 13.4% | +33.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $486M | $418M | $68.1M | +16% |
| Operating profit | $102M | $80.4M | $21.7M | +27% |
| Costs & expenses | $384M | $338M | $46.4M | +14% |
| Pre-tax earnings | $102M | $80.4M | $21.7M | +27% |
| Net earnings | $45.8M | $60.5M | −$14.7M | -24% |
| Minority interests | $35.5M | $28.8M | $6.7M | +23% |
| Income tax | $20.8M | −$8.9M | $29.7M | — |
| Depreciation & amortization | $4.3M | $3.9M | $396K | +10% |
| Share-based compensation | $55.5M | $85.1M | −$29.7M | -35% |
| Working capital & other | $131M | −$85.3M | $217M | — |
| Operating cash flow | $237M | $64.3M | $173M | +269% |
| Free cash flow (OCF − capex) | $226M | $56.0M | $170M | +304% |
| Capital expenditures | $10.6M | $8.3M | $2.3M | +28% |
Questions
How much did PJT Partners's revenue grow quarter over quarter in Q2 2026?
PJT Partners's revenue rose $68.1M (+16%) from $418M in Q1 2026 to $486M in Q2 2026. Operating margin 21.0% against 19.2% (+1.8 pts).