PJT Partners (PJT) Gross Margin (2014 - 2026)
PJT Partners (PJT) posted Gross Margin of 99.11% for Q2 2026, little changed on a QoQ basis from 98.74% in Q1 2026, and up 39.0% year-over-year from 71.3% in Q2 2025.
Analysis
PJT Partners (PJT) Gross Margin (2014 - 2026) Analysis & Trends
PJT Partners has reported Gross Margin for 13 years, with the latest figure at 99.11% in Q2 2026.
- On a quarterly basis, Gross Margin rose 39.0% year-over-year to 99.11% in Q2 2026; TTM through Jun 2026 was 99.03%, a 40.0% increase from a year earlier, with the FY2025 full-year figure at 98.84%, up 13.0% from the prior year.
- Gross Margin was 99.11% for Q2 2026 at PJT Partners, roughly flat from 98.74% in the prior quarter.
- The five-year high for Gross Margin was 100.49% in Q4 2023, with the low at 96.84% in Q1 2023.
- Average Gross Margin over 5 years is 98.22%, with a median of 98.23% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 329 bps in 2023, then sank 112 bps in 2024.
- Over 5 years, Gross Margin stood at 97.2% in 2022, then increased by 3 bps to 100.49% in 2023, then decreased by 1 bps to 99.37% in 2024, then dropped by 0 bps to 99.36% in 2025, then dropped by 0 bps to 99.11% in 2026.
- The last three Gross Margin figures came in at 99.11% (Q2 2026), 98.74% (Q1 2026), and 99.36% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 97.71% |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 99.00% |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 99.11% |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | - |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | - |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | - |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 98.79% |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 99.11% |
| Mar 31, 2026 | 98.74% |
| Dec 31, 2025 | 99.36% |
| Sep 30, 2025 | 98.81% |
| Jun 30, 2025 | 98.72% |
| Mar 31, 2025 | 98.15% |
| Dec 31, 2024 | 99.37% |
| Sep 30, 2024 | 97.90% |
| Jun 30, 2024 | 98.94% |
| Mar 31, 2024 | 98.30% |
| Dec 31, 2023 | 100.49% |
| Sep 30, 2023 | 97.47% |
| Jun 30, 2023 | 97.56% |
| Mar 31, 2023 | 96.84% |
| Dec 31, 2022 | 97.20% |
| Sep 30, 2022 | 97.01% |
| Jun 30, 2022 | 97.14% |
| Mar 31, 2022 | 96.85% |
| Dec 31, 2021 | 97.89% |
| Sep 30, 2021 | 96.87% |