Filing Flows › Perella Weinberg Partners (PWP) › Q2 2026
Perella Weinberg Partners (PWP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Perella Weinberg Partners (PWP) reported revenue of $157M for the second quarter 2026 (Q2 2026), +0.8% from a year earlier and +5% from the quarter before. Operating margin was 3.2%, net earnings $5.3M (3.4% of revenue).
Perella Weinberg Partners, Q2 2026: revenue $157M (+0.8% year over year), operating margin 3.2%, net earnings $5.3M, operating cash flow $48.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +5% | +0.8% |
| Operating profit | $5.1M | — | -44% |
| Net earnings | $5.3M | +257% | +94% |
| Operating cash flow | $48.8M | — | -13% |
| Free cash flow | $47.2M | — | -15% |
What changed
Revenue was $156.5M in Q2 2026, up 1% year over year and up 5% from the previous quarter.
Operating profit was $5.1M, a 3.2% margin (down 2.5 points year over year). Operating profit fell $3.9M even though revenue rose $1.3M versus Q2 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. Net earnings were $5.3M, up 94% year over year. The effective tax rate was -4.1%.
Operating cash flow was $48.8M (down 13% year over year), 771% of net income including minority interests. Non-cash charges added back $5.8M of depreciation and amortization and $36.5M of share-based compensation. Capital expenditures of $1.7M left free cash flow of $47.2M.
Questions
What was Perella Weinberg Partners' revenue in the second quarter 2026?
Perella Weinberg Partners (PWP) reported revenue of $157M for the second quarter 2026 (Q2 2026), +0.8% from a year earlier and +5% from the quarter before.
Was Perella Weinberg Partners profitable in the second quarter 2026?
Operating profit was $5.1M (3.2% of revenue) and net earnings $5.3M.