Filing Flows › PJT Partners (PJT) › Q2 2026 › vs Q2 2025
PJT Partners (PJT) Q2 2026 vs Q2 2025 (year over year)
PJT Partners's revenue rose $79.4M (+20%) from $407M in Q2 2025 to $486M in Q2 2026. Operating margin 21.0% against 18.8% (+2.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.0% | 18.8% | +2.2 pts |
| Net margin | 9.4% | 8.1% | +1.3 pts |
| Free cash flow margin | 46.6% | 44.0% | +2.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $486M | $407M | $79.4M | +20% |
| Operating profit | $102M | $76.5M | $25.6M | +33% |
| Costs & expenses | $384M | $330M | $53.8M | +16% |
| Pre-tax earnings | $102M | $76.5M | $25.6M | +33% |
| Net earnings | $45.8M | $32.9M | $12.9M | +39% |
| Minority interests | $35.5M | $28.5M | $6.9M | +24% |
| Income tax | $20.8M | $15.0M | $5.8M | +38% |
| Depreciation & amortization | $4.3M | $3.3M | $1.1M | +32% |
| Share-based compensation | $55.5M | $49.4M | $6.0M | +12% |
| Working capital & other | $131M | $105M | $26.5M | +25% |
| Operating cash flow | $237M | $190M | $46.5M | +24% |
| Free cash flow (OCF − capex) | $226M | $179M | $47.5M | +27% |
| Capital expenditures | $10.6M | $11.5M | −$943K | -8% |
Questions
How much did PJT Partners's revenue grow year over year in Q2 2026?
PJT Partners's revenue rose $79.4M (+20%) from $407M in Q2 2025 to $486M in Q2 2026. Operating margin 21.0% against 18.8% (+2.2 pts).