Filing Flows › PJT Partners (PJT) › Q2 2026
PJT Partners (PJT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
PJT Partners (PJT) reported revenue of $486M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +16% from the quarter before. Operating margin was 21.0%, net earnings $45.8M (9.4% of revenue).
PJT Partners, Q2 2026: revenue $486M (+20% year over year), operating margin 21.0%, net earnings $45.8M, operating cash flow $237M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $486M | +16% | +20% |
| Operating profit | $102M | +27% | +33% |
| Net earnings | $45.8M | -24% | +39% |
| Operating cash flow | $237M | +269% | +24% |
| Free cash flow | $226M | +304% | +27% |
What changed
Revenue was $486.3M in Q2 2026, up 20% year over year and up 16% from the previous quarter.
Operating profit was $102.1M, a 21.0% margin (up 2.2 points year over year). Of the extra revenue versus Q2 2025, 32% reached operating profit, above the 19% margin then. Total costs grew 16% against revenue growth of 20%. Net earnings were $45.8M, up 39% year over year. The effective tax rate was 20.4%.
Operating cash flow was $237.0M (up 24% year over year), 292% of net income including minority interests. Non-cash charges added back $4.3M of depreciation and amortization and $55.5M of share-based compensation. Working capital and other items added $95.9M. Capital expenditures of $10.6M left free cash flow of $226.4M.
Questions
What was PJT Partners' revenue in the second quarter 2026?
PJT Partners (PJT) reported revenue of $486M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +16% from the quarter before.
Was PJT Partners profitable in the second quarter 2026?
Operating profit was $102M (21.0% of revenue) and net earnings $45.8M.
Source: PJT Partners 10-Q on SEC EDGAR.