PJT Partners (PJT) Operating Expenses (2014 - 2026)
PJT Partners (PJT) posted Operating Expenses of $384.2 million for Q2 2026, up 13.73% on a QoQ basis from $337.8 million in Q1 2026, and up 16.28% year-over-year from $330.4 million in Q2 2025.
Analysis
PJT Partners (PJT) Operating Expenses (2014 - 2026) Analysis & Trends
PJT Partners has reported Operating Expenses for 13 years, with the latest figure at $384.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 16.28% year-over-year to $384.2 million in Q2 2026; TTM through Jun 2026 was $1.5 billion, a 18.88% increase from a year earlier, with the FY2025 full-year figure at $1.4 billion, up 12.12% from the prior year.
- Operating Expenses was $384.2 million for Q2 2026 at PJT Partners, up from $337.8 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 $284.2 million, with a median of $276.9 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses fell 12.94% in 2023, then soared 61.3% in 2024.
- Over 5 years, Operating Expenses stood at $220.0 million in 2022, then grew by 25.87% to $276.9 million in 2023, then soared by 35.23% to $374.4 million in 2024, then rose by 10.11% to $412.3 million in 2025, then slipped by 6.81% to $384.2 million in 2026.
- The last three Operating Expenses figures came in at $384.2 million (Q2 2026), $337.8 million (Q1 2026), and $412.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 11.52 Bn | 9.43 Bn | 975.67 Mn | 843.62 Mn |
| 2 | Jefferies Financial | 11.24 Bn | -4.17 Bn | 3.09 Bn | 1.89 Bn |
| 3 | Houlihan Lokey | 9.53 Bn | 8.45 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | 8,222.00 |
| 5 | PJT Partners | 6.94 Bn | 6.99 Bn | 481.98 Mn | 384.20 Mn |
| 6 | Moelis | 6.06 Bn | 5.99 Bn | - | 336.56 Mn |
| 7 | Piper Sandler Companies | 5.20 Bn | 5.09 Bn | - | 395.08 Mn |
| 8 | Lazard | 4.97 Bn | 3.99 Bn | - | 770.07 Mn |
| 9 | BRBI BR Partners | 3.49 Bn | 3.38 Bn | 16.77 Mn | -17.45 Mn |
| 10 | Perella Weinberg Partners | 1.81 Bn | 2.01 Bn | - | 151.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 384.20 Mn |
| 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 |