PJT Partners Q3 2026: Revenue Falls 14% but Both Lines Beat Estimates
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Revenue fell 14% from a year ago even as both lines beat expectations, with strategic advisory, restructuring and private capital solutions all slowing. Taubman offered no numerical targets, so the deal pipeline commentary is what matters here.
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PJT Partners posted third-quarter revenue of $385.12 million, topping expectations, but revenue still fell 14% year over year as strategic advisory, restructuring, and private capital solutions all pulled back at once.
Adjusted EPS of $1.41 came in ahead of expectations, yet the adjusted pretax margin narrowed to 18.8% as non-compensation expenses rose on technology investment and global office expansion.
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Nine-month revenues climbed to roughly $1.29 billion, with CEO Paul Taubman citing record revenues, pretax income, and EPS over that stretch, making the Q3 dip look more like timing than a trend break.
Taubman offered no numerical targets, saying only that the firm remains confident in its growth prospects and keeps investing in footprint and capabilities. That makes the deal pipeline commentary the real signal for investors.
Sources
Mentioned: PJT