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Get filing alertsPJT Partners reports record Q1 revenue up 29%, authorizes $800M buyback program
Filed April 28, 2026 · Period ending April 28, 2026 · ~1 min read
Key Changes
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high
Q1 revenues rose 29% to $418M with adjusted EPS up 47% to $1.54, driven by strength across strategic advisory, private capital solutions, and restructuring.
Exhibit 99.1 view on EDGAR → -
high
Board authorized new $800M share repurchase program on April 23, replacing prior authorization, following record $244M deployed to buybacks in Q1.
Exhibit 99.1 view on EDGAR → -
medium
Company repurchased 1.6M shares and equivalents in Q1 at average price of $154.04, including open market purchases and Partnership Unit exchanges.
Exhibit 99.1 view on EDGAR → -
medium
Balance sheet held $388M in cash and short-term investments with no funded debt as of March 31, providing flexibility for capital returns.
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.25 per share, payable June 17 to shareholders of record June 3.
Exhibit 99.1 view on EDGAR →
Summary
PJT Partners delivered a strong first quarter with revenues climbing 29% year-over-year to $418 million, marking a record for the period. The advisory firm saw broad-based growth across its strategic advisory, private capital solutions, and restructuring businesses, translating to adjusted earnings per share of $1.54, up 47% from the prior year. The company deployed a record $244 million to share repurchases during the quarter, retiring 1.6 million shares and equivalents at an average price of $154.04.
The Board's April 23 authorization of an $800 million repurchase program signals continued confidence in the business and commitment to returning capital to shareholders. With $388 million in cash and no debt, PJT maintains substantial financial flexibility to execute on this program while funding operations and strategic investments. The combination of strong operating momentum and aggressive capital return positions the company well for sustained shareholder value creation.
Section-by-Section Diff
Event · Exhibit 99.1
PJT Partners reported record Q1 2026 results with revenues up 29% to $418M and announced an $800M share repurchase authorization.
Added in current filing · view on EDGAR →
Revenues of $418 million, an increase of 29% from a year ago
– GAAP Pretax Income of $80 million and Adjusted Pretax Income of $84 million, increases of 53% and 49%, respectively, from a year ago
– GAAP Diluted EPS of $2.21 and Adjusted EPS of $1.54, increases of 11% and 47%, respectively, from a year ago
PJT Partners delivered record first quarter results with revenues of $418 million, up 29% year-over-year, driven by increases in strategic advisory, private capital solutions, and restructuring revenues. GAAP pretax income rose 53% to $80 million while adjusted pretax income increased 49% to $84 million. GAAP diluted EPS grew 11% to $2.21 and adjusted EPS increased 47% to $1.54.
Added in current filing · view on EDGAR →
As of March 31, 2026, the Company held Cash, Cash equivalents and Short-term investments of $388 million and had no funded debt.
The company maintained a strong balance sheet with $388 million in cash, cash equivalents and short-term investments as of March 31, 2026, with no funded debt. This represents record first quarter liquidity and provides substantial financial flexibility for capital returns and strategic investments.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify