PJT Partners 2025 Q2 Earnings Beats Expectations as Net Income Rises 15.9%

Pjt Partners reported its fiscal 2025 Q2 earnings on July 31st, 2025. The company's earnings surpassed Street estimates, with adjusted EPS of $1.54 beating the anticipated $1.43. PJT Partners confirmed its commitment to long-term value creation and strategic initiatives, aiming to sustain growth in advisory services. Their guidance remains optimistic and in-line with previous projections, positioning the firm for continued expansion in a dynamic market environment.

Revenue

PJT Partners demonstrated robust performance in Q2 2025, with total revenue increasing by 13.0% to $406.88 million from the previous year. Advisory fees were the primary contributor, generating $354.52 million, followed by placement fees, which amounted to $43.22 million. Additionally, interest income and other sources contributed $9.14 million, culminating in the company's total revenue figure.

Earnings/Net Income

PJT Partners' earnings per share (EPS) saw a significant rise of 13.4%, reaching $1.27 in Q2 2025 compared to $1.12 in Q2 2024. The company's net income also experienced notable growth, increasing by 15.9% to $61.44 million from $53.03 million in the previous year. This record-setting fiscal Q2 net income marks the highest in 11 years. Overall, the EPS performance was strong, reflecting positive earnings momentum.

Price Action

The stock price of PJT Partners edged up 1.44% during the most recent trading day, despite experiencing a drop of 3.98% over the past week. Month-to-date, the stock has jumped 8.25%.

Post-Earnings Price Action Review

The strategy of buying PJT stock following earnings beats and selling after 30 days yielded moderate returns, underperforming against the benchmark. Although the strategy achieved a 36.12% return, it trailed the benchmark by 52.11%. The strategy exhibited a low-risk profile with a maximum drawdown of 0.00% and a Sharpe ratio of 0.42, indicating a conservative approach. However, the low excess return and high volatility suggest cautious investment behavior. The mixed performance underscores the need for strategic adjustments to better align with market benchmarks.

CEO Commentary

Paul J. Taubman, Chairman and CEO of PJT Partners, expressed enthusiasm about Peter L.S. Currie's appointment to the Board of Directors, citing his extensive experience in technology-driven companies. Taubman emphasized Currie's insights as vital for navigating technology's impact on client business models, presenting opportunities for PJT Partners. He reiterated the firm's dedication to enhancing industry expertise, product capabilities, and delivering superior client and shareholder outcomes.

Guidance

PJT Partners projects sustained growth, maintaining a forward-looking vision for excellence in advisory services. The company remains committed to creating sustainable value for clients, employees, and shareholders. Leadership is optimistic, anticipating that strategic initiatives will foster expansion and adaptation in the evolving market environment.

Additional News

In recent weeks, PJT Partners announced significant developments, including the appointment of Peter L.S. Currie to its Board of Directors on July 31, 2025. Currie's extensive background in high-growth, technology-driven companies is expected to provide valuable insights as PJT navigates technological transformations in client business models. Furthermore, on July 29, 2025, PJT Partners released its second quarter and six months results, highlighting record revenues and pretax income. The firm also declared a quarterly dividend of $0.25 per share of Class A common stock, payable on September 17, 2025, to shareholders of record as of September 3, 2025. PJT continues to emphasize its commitment to delivering long-term value to stakeholders.