PJT Partners Inc. (PJT)
PJT Partners Inc. brought in $1.8B of revenue over the twelve months to September 30, 2026, up 10.2% from a year earlier. Net income was $191.5M, a net margin of 10.5%. Operating cash flow minus capital spending left $480.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $257.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about PJT Partners Inc.
- Net worth
- PJT Partners Inc. has a market value (market cap) of $6.2B at the latest share price, and shareholders' equity of $364.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.7B (+14.8% year on year), with net income of $180.1M. Over the 12 months to September 30, 2026: revenue $1.8B, net income $191.5M.
- Cash flow
- In fiscal 2025 operations brought in $526.3M of cash; after $45.9M of capital spending, free cash flow was $480.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- PJT Partners Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What PJT Partners Inc. does
PJT Partners Inc. is registered with the SEC under industry code SIC 6282 (Investment Advice). Its shares trade on NYSE under the ticker PJT.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.7B | $180.1M | n/a | $480.4M |
| 2024 | $1.5B | $134.4M | n/a | $527.7M |
| 2023 | $1.2B | $81.8M | n/a | $437.6M |
| 2022 | $1B | $90.5M | n/a | $239.3M |
| 2021 | $991.9M | $106.2M | n/a | $117.7M |
| 2020 | $1.1B | $117.5M | n/a | $460.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PJT ranks in Finance
Dividends
It paid out $24.5M in cash dividends, 14% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $24.5M | 14% |
| 2024 | n/a | $24.1M | 18% |
| 2023 | n/a | $24.4M | 30% |
| 2022 | n/a | $24.6M | 27% |
| 2021 | n/a | $78M | 73% |
| 2020 | n/a | $4.8M | 4% |
Latest SEC filings
What PJT Partners Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 14% to $385.1M versus the same quarter last year; net income fell 20% to $31.8M.
- November 3, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 20% to $486.3M versus the same quarter last year; net income rose 39% to $45.8M.
- July 28, 2026
- July 17, 2026Passive stake (5% or more) SCHEDULE 13G
- July 16, 2026
- June 18, 2026
- April 30, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 29% to $418.2M versus the same quarter last year; net income rose 12% to $60.5M.
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Additional proxy material DEFA14A
Insider trades
What the people running PJT Partners Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 21, 2026 | Costos JamesDirector | Sold | 1,723 | $301.5K |
| August 21, 2026 | Cornwell Kievdi DonDirector | Sold | 6,987 | $1.2M |
| August 21, 2026 | Cornwell Kievdi DonDirector | Sold | 858 | $149.3K |
| August 10, 2026 | Rafferty Emily KDirector | Sold | 1,100 | $184.1K |
| July 31, 2026 | Skaugen Grace RekstenDirector | Sold | 1,283 | $215.1K |
| June 1, 2026 | Rafferty Emily KDirector | Exercised options | 1,541 | - |
| June 1, 2026 | Ryan Thomas MDirector | Exercised options | 2,570 | - |
| June 1, 2026 | Skaugen Grace RekstenDirector | Exercised options | 1,283 | - |
Who owns PJT
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wasatch Advisors LP13G, passive | 5.7% | July 17, 2026 |
| Vanguard Portfolio Management13G, passive | 5.32% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.09% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 415 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 4,075,374 | +382,248 |
| Wasatch Advisors LP | 1,478,222 | +653,685 |
| Vanguard Portfolio Management LLC | 1,370,798 | +103,430 |
| Vanguard Capital Management LLC | 1,118,057 | +69,971 |
| Fmr LLC | 1,057,881 | +354,555 |
| State Street Corp | 1,053,770 | +87,620 |
| Geode Capital Management, LLC | 792,294 | +41,259 |
| Alliancebernstein L.P. | 842,197 | +710,038 |
| Congress Asset Management Co | 723,474 | +119,122 |
| Morgan Stanley | 614,734 | -16,569 |
| Raymond James Financial Inc | 409,925 | -13,093 |
| Dimensional Fund Advisors LP | 406,349 | +36,972 |
| Clearbridge Investments, LLC | 393,747 | +17,011 |
| Goldman Sachs Group Inc | 348,008 | +60,046 |
| Azora Capital LP | 322,481 | new |
| Northern Trust Corp | 301,732 | +25,981 |
| Bank of America Corp | 282,233 | -33,778 |
| Charles Schwab Investment Management Inc | 277,001 | +14,452 |
| Loomis Sayles & Co L P | 275,858 | -19,726 |
| Point72 Asset Management, L.P. | 216,633 | -74,013 |
Insiders
9 insiders reported holding 243,205 shares in total, about $37M at the last price.
| Holder | Shares |
|---|---|
| Lee Ji-YeunManaging Partner | 88,402 |
| Meates Helen TChief Financial Officer | 58,466 |
| Ryan Thomas MDirector | 41,957 |
| Cornwell Kievdi DonDirector | 18,865 |
| Whitney Kenneth CDirector | 12,106 |
| Costos JamesDirector | 11,289 |
| Rafferty Emily KDirector | 9,568 |
| Travin David AdamGeneral Counsel | 2,052 |
| Skaugen Grace RekstenDirector | 500 |
Questions about PJT
What does PJT Partners Inc. do?
PJT Partners Inc. is a company in the Finance sector, listed on NYSE as PJT. Its shares trade on NYSE under the ticker PJT.
What is PJT Partners Inc.'s net worth?
PJT Partners Inc. has a market value (market cap) of $6.2B at the latest share price, and shareholders' equity of $364.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is PJT Partners Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $191.5M on revenue of $1.8B, a net margin of 10.5%.
How much revenue does PJT Partners Inc. make?
Over the twelve months to September 30, 2026 PJT Partners Inc. reported revenue of $1.8B. That is 10.2% more than a year earlier.
When did PJT Partners Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 6, 2026.
When is PJT Partners Inc.'s next earnings report?
PJT Partners Inc.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values PJT Partners Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.