PJT Partners (PJT) Operating Expenses (2014 - 2026)

PJT Partners (PJT) posted quarterly Operating Expenses of $337.8 million for Q1 2026, up 24.22% year-over-year from $272.0 million in Q1 2025, and down 18.06% on a QoQ basis from $412.3 million in Q4 2025.

PJT Partners (PJT) Operating Expenses (2014 - 2026) Analysis & Trends

PJT Partners (PJT) has reported Operating Expenses for 13 consecutive years, with $337.8 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 24.22% year-over-year to $337.8 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 17.85% YoY), while the FY2025 annual figure was $1.4 billion, up 12.12% from the prior year.
  • Operating Expenses came in at $337.8 million for Q1 2026 at PJT Partners, down from $412.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $412.3 million in Q4 2025, with the low at $170.8 million in Q1 2023.
  • Average Operating Expenses over 5 years is $278.3 million, with a median of $276.9 million recorded in 2023.
  • Across the five-year window, Operating Expenses decreased 12.94% in 2023 and surged 61.3% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $220.0 million in 2022, then rose by 25.87% to $276.9 million in 2023, then surged by 35.23% to $374.4 million in 2024, then advanced by 10.11% to $412.3 million in 2025, then slipped by 18.06% to $337.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $337.8 million, $412.3 million, and $356.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 PJT Partners 59.27 Mn 407.49 Mn 412.92 Mn 337.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 337.82 Mn
Dec 31, 2025 412.25 Mn
Sep 30, 2025 356.14 Mn
Jun 30, 2025 330.41 Mn
Mar 31, 2025 271.95 Mn
Dec 31, 2024 374.40 Mn
Sep 30, 2024 276.94 Mn
Jun 30, 2024 295.78 Mn
Mar 31, 2024 275.49 Mn
Dec 31, 2023 276.86 Mn
Sep 30, 2023 235.81 Mn
Jun 30, 2023 292.11 Mn
Mar 31, 2023 170.80 Mn
Dec 31, 2022 219.96 Mn
Sep 30, 2022 218.45 Mn
Jun 30, 2022 189.45 Mn
Mar 31, 2022 196.17 Mn
Dec 31, 2021 238.43 Mn
Sep 30, 2021 183.02 Mn
Jun 30, 2021 188.24 Mn