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| Date | Value |
|---|---|
| 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 |