PJT Partners PJT
NYSE PJT
$182.69 -3.49 (-1.87%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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