PJT Partners Inc. (PJT) Income Statement
PJT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPJT revenue and net income
Where PJT's revenue goes
2025Each bar shows an amount and its share of revenue. PJT kept 10.5% of revenue as net income.
PJT profit margins
PJT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.8% | +18.7% | +10.2% | +15.5% |
| Gross profit | +20.5% | +16.0% | +8.5% | +19.9% |
| Operating income | +25.2% | +16.2% | +5.7% | +71.3% |
| Net income | +34.0% | +25.8% | +8.9% | +37.3% |
| EPS (diluted) | +39.8% | +21.3% | +7.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PJT quarterly EPS vs estimates
PJT Partners beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.44).
PJT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.49B | $1.15B | $1.03B | $991.9M | $1.05B | $717.6M | $580.2M | $499.3M | $499.4M |
| Cost of revenue | $1.16B | $1.03B | $805.4M | $669.1M | $640.0M | $683.4M | $502.2M | $424.5M | $391.5M | $381.0M |
| Gross profit | $555.7M | $461.1M | $347.8M | $356.4M | $351.9M | $368.9M | $215.5M | $155.8M | $107.8M | $118.4M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $133.5M | $121.5M | $104.8M | $79.3M | $80.0M | $72.0M | $66.7M | $60.3M | $56.9M | $53.6M |
| Total operating expenses | $192.9M | $171.3M | $150.0M | $125.2M | $106.5M | $94.4M | $106.9M | $93.6M | $78.7M | $79.1M |
| Operating income | $362.9M | $289.9M | $197.8M | $231.1M | $245.4M | $274.5M | $108.6M | $62.1M | $29.1M | $39.3M |
| Interest expense | — | — | — | $109.1M | $111.5M | $121.5M | $60.6M | $0 | $0 | $0 |
| Income before taxes | $342.9M | $270.6M | $177.6M | $201.5M | $219.4M | $248.0M | $82.2M | $41.5M | $10.1M | $14.5M |
| Income taxes | $33.2M | $32.1M | $31.9M | $36.7M | $29.5M | $35.5M | $18.4M | −$1.0M | $38.4M | $9.4M |
| Net income | $180.1M | $134.4M | $81.8M | $90.5M | $106.2M | $117.5M | $29.6M | $27.2M | −$32.6M | −$3.0M |
| EBITDA | $394.1M | $318.5M | $234.5M | $267.3M | $280.3M | $310.9M | $141.4M | $72.1M | $37.2M | $53.3M |
| EPS (diluted) | $6.99 | $5.00 | $3.27 | $3.92 | $4.45 | $4.88 | $2.41 | $1.90 | $1.54 | −$0.40 |
| Gross margin | 32.4% | 30.9% | 30.2% | 34.8% | 35.5% | 35.1% | 30.0% | 26.8% | 21.6% | 23.7% |
| Operating margin | 21.2% | 19.4% | 17.2% | 22.5% | 24.7% | 26.1% | 15.1% | 10.7% | 5.8% | 7.9% |
| Net margin | 10.5% | 9.0% | 7.1% | 8.8% | 10.7% | 11.2% | 4.1% | 4.7% | −6.5% | −0.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $486.3M | $418.2M | $535.2M | $447.1M | $406.9M | $324.5M | $477.3M | $326.3M | $360.2M | $329.4M | $328.6M | $278.4M |
| Cost of revenue | $325.6M | $3.9M | $356.6M | $303.3M | $276.8M | $221.1M | $326.0M | $226.8M | $250.3M | $228.9M | $232.3M | $193.5M |
| Gross profit | $160.7M | $414.3M | $178.5M | $143.8M | $130.1M | $103.4M | $151.3M | $99.5M | $109.9M | $100.5M | $96.3M | $84.9M |
| Sales, general & admin | $36.9M | $302.8M | $35.7M | $33.7M | $33.6M | $30.4M | $28.2M | $32.0M | $29.5M | $28.4M | $23.4M | $24.6M |
| Total operating expenses | $54.3M | $333.9M | $52.2M | $47.5M | $48.4M | $44.8M | $41.9M | $43.3M | $41.6M | $41.0M | $35.6M | $35.3M |
| Operating income | $106.4M | $80.3M | $126.3M | $96.3M | $81.7M | $58.6M | $109.4M | $56.2M | $68.2M | $59.5M | $60.7M | $49.6M |
| Income before taxes | $102.1M | $80.4M | $122.9M | $91.0M | $76.5M | $52.6M | $102.9M | $49.4M | $64.4M | $53.9M | $51.7M | $42.6M |
| Income taxes | $20.8M | −$8.9M | $23.7M | $16.0M | $15.0M | −$21.6M | $11.9M | $8.3M | $11.4M | $531,000 | $6.2M | $11.4M |
| Net income | $45.8M | $60.5M | $53.4M | $39.8M | $32.9M | $54.0M | $51.3M | $22.1M | $28.3M | $32.6M | $24.9M | $17.4M |
| EBITDA | $115.6M | $89.1M | $134.4M | $104.1M | $89.5M | $66.1M | $116.6M | $63.2M | $75.3M | $66.9M | $69.2M | $58.8M |
| EPS (diluted) | $1.97 | $1.54 | $2.55 | $1.85 | $1.54 | $1.05 | $1.90 | $0.93 | $1.19 | $0.98 | $0.96 | $0.78 |
| Gross margin | 33.0% | 99.1% | 33.4% | 32.2% | 32.0% | 31.9% | 31.7% | 30.5% | 30.5% | 30.5% | 29.3% | 30.5% |
| Operating margin | 21.9% | 19.2% | 23.6% | 21.5% | 20.1% | 18.0% | 22.9% | 17.2% | 18.9% | 18.1% | 18.5% | 17.8% |
| Net margin | 9.4% | 14.5% | 10.0% | 8.9% | 8.1% | 16.6% | 10.7% | 6.8% | 7.9% | 9.9% | 7.6% | 6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PJT's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PJT financial results
In fiscal year 2025 (ended December 31, 2025), PJT Partners reported revenue of $1.7 billion, up 14.8% from the year before. It had net income of $180.1 million (up 34.0%), a net profit margin of 10.5%. Diluted earnings per share came to $6.99. Over five years revenue grew at an average rate of 10.2% a year.
See the PJT stock overview for the latest quote and news, or the PJT chart for price history and technical indicators.
PJT income statement FAQ
What is PJT Partners's annual revenue?
PJT Partners reported total revenue of $1.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.8% from $1.5 billion the previous year.
Is PJT Partners profitable?
Yes. PJT Partners reported net income of $180.1 million in fiscal 2025, a net profit margin of 10.5%; its operating margin was 21.2%.
What is PJT Partners's gross margin?
PJT Partners's gross margin was 32.4% in fiscal 2025: for every $100 of revenue, PJT Partners kept $32 after the direct cost of its products and services.
How fast is PJT Partners growing?
Revenue grew 10.2% a year on average over the last five fiscal years, from $1.1 billion to $1.7 billion.
What are PJT Partners's earnings per share?
PJT Partners earned $6.99 per diluted share in fiscal 2025, compared with $5.00 a year earlier.
When will PJT Partners report its next earnings?
PJT Partners is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does PJT Partners's fiscal year end?
PJT Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.