Filing Flows › Perella Weinberg Partners (PWP) › Q3 2026
Perella Weinberg Partners (PWP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Perella Weinberg Partners (PWP) reported revenue of $251M for the third quarter 2026 (Q3 2026), +53% from a year earlier and +61% from the quarter before. Operating margin was 13.9%, net earnings $17.6M (7.0% of revenue).
Perella Weinberg Partners, Q3 2026: revenue $251M (+53% year over year), operating margin 13.9%, net earnings $17.6M, operating cash flow $73.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $251M | +61% | +53% |
| Operating profit | $34.9M | +591% | +294% |
| Net earnings | $17.6M | +231% | +192% |
| Operating cash flow | $73.1M | +50% | +24% |
| Free cash flow | $71.0M | +50% | +23% |
What changed
Revenue was $251.4M in Q3 2026, up 53% year over year and up 61% from the previous quarter.
Operating profit was $34.9M, a 13.9% margin (up 8.5 points year over year). Of the extra revenue versus Q3 2025, 30% reached operating profit, above the 5% margin then. Total costs grew 39% against revenue growth of 53%. The fastest-growing cost line was Other operating costs (+40%). Net earnings were $17.6M, up 192% year over year. The effective tax rate was 33.8%.
Operating cash flow was $73.1M (up 24% year over year), 314% of net income including minority interests. Non-cash charges added back $6.6M of depreciation and amortization and $29.2M of share-based compensation. Working capital and other items added $13.9M. Capital expenditures of $2.1M left free cash flow of $71.0M.
Questions
What was Perella Weinberg Partners' revenue in the third quarter 2026?
Perella Weinberg Partners (PWP) reported revenue of $251M for the third quarter 2026 (Q3 2026), +53% from a year earlier and +61% from the quarter before.
Was Perella Weinberg Partners profitable in the third quarter 2026?
Operating profit was $34.9M (13.9% of revenue) and net earnings $17.6M.