PJT Q1 revenue jumps 29% to $418M on strategic advisory strength; M&A volumes up but deal count at 11-year low

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

• high

  Q1 2026 revenues rose 29% year-over-year to $418.2 million, driven by strategic advisory, private capital solutions, and restructuring—a sharp reversal from Q1 2025's flat performance. Compensation expense increased $59.1 million on higher revenues, partially offset by a lower accrual rate.

  MD&A: Revenue Growth verify on EDGAR →
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  Board authorized new $800 million share repurchase program on April 28, 2026, replacing the prior $500 million program (which had only $21.2 million remaining). The 60% capacity increase signals continued commitment to capital return despite $136 million in Partnership Unit cash exchanges during Q1.

  MD&A: Capital Allocation verify on EDGAR →
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  M&A announced volumes rose 27% in Q1 2026, but transaction count fell to an 11-year low—indicating larger average deal sizes but fewer deals. Management now describes the M&A environment as 'favorable for deal making' versus prior-year language emphasizing 'significant risks' and geopolitical uncertainties.

  MD&A: M&A Market Conditions verify on EDGAR →