Investment banking firm PJT Partners (NYSE:PJT) fell short of the market's revenue expectations in Q3 2026, with revenue falling 13.9% year on year to $385.1 million. Its non-GAAP profit of $1.41 per share was 4.7% above analysts' consensus estimates.
For more on PJT, read our full research report .
PJT (PJT) Q3 2026 highlights:
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Revenue$385.1 million vs S&P analysts' consensus estimates of $390.1 million (13.9% year-on-year decline, 1.3% miss)
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Pre-tax profit$68.79 million (17.9% margin)
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Adjusted EPS$1.41 vs S&P analysts' consensus estimates of $1.35 (4.7% beat)
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Market capitalization$3.93 billion
Revenue growth
Examining a company's long-term performance can provide clues about its quality. Any business can post a good quarter or two, but the best consistently grow over the long haul. PJT's revenue grew at a solid 12.8% compounded annual growth rate over the last five years. Its growth beat the average financials company and shows its offerings resonate with customers.
Long-term growth matters most, but within financials, a half-decade historical view may miss recent interest rate changes, market returns and industry trends. PJT's annualized revenue growth of 16.5% over the last two years is above its five-year trend, suggesting demand was strong and recently accelerated.
This quarter, PJT missed Wall Street's consensus estimates and reported an uninspiring 13.9% year-on-year revenue decline, generating $385.1 million in revenue.
Key takeaways from PJT's Q3 results
PJT's EPS beat analysts' consensus estimates, but revenue fell slightly short of expectations, leaving the quarter softer overall. Shares remained flat at $152.96 immediately after the results.
When deciding whether to invest in PJT, it's important to consider its valuation and business quality as well as what has happened in the latest quarter. Read more in our free full research report here .
