Pjt Partners Inc. · NYSE:PJT
Pjt Partners — Q1 2026 Earnings Presentation
33 slides from Pjt Partners's earnings presentation, Apr 28, 2026
Slide 1: PJT Partners
April 2026 PJT Partners WHO WE ARE
Slide 2: Notices and Forward Looking Statements
Notices and Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of These measures should not be considered substitutes for, or superior to, financial measures prepared in Disclaimers 1933, as amended, and Section 21
Slide 3: Our Firm Overview
PUT Partners Pir Our Firm Overview
Slide 4: Power of The Platform
Power of The Platform We are a premier, global, advisory-focused investment bank working as one integrated firm to deliver differentiated Strategic Restructuring & Fund Advisory & holistic advice to our clients Advisory Special Situations Fund Capital Raising Mergers & Acquisitions Liability Managem
Slide 5: PJT Partners at a Glance
PJT Partners at a Glance 2015 $1.8bn $6bn+ NYSE: PJT Partners listing Revenues1 Market capitalization 16 140+ 1,225+ Offices globally Partners globally Firmwide headcount 25+ Years 435+ 60+ Average Partner experience Clients1 Countries where we advise clients2 Note: Figures as of March 31, 2026, unl
Slide 6: Our Global Office Presence
Our Global Office Presence Americas EMEA APAC > New York > Houston > London > Paris > Hong Kong > Boston > Los Angeles > Madrid > Stockholm > Tokyo > Chicago > San Francisco > Frankfurt > Dubai > Munich > Riyadh Note: As of March 31, 2026. CONFIDENTIAL 6
Slide 7: Why Clients Choose Us
Why Clients Power of The Platform Advice is the Main Event Choose Us › The breadth of our global capabilities enables us › We offer the qualities of a much larger to deliver innovative and differentiated advice organization combined with the energy of a smaller entrepreneurial firm where advice is t
Slide 8: What We're Building
What We're Building Talent / Relationships Financial Results Partners Revenues Total Partner count $ millions 141 $1,807 +207% +345% 46 $406 2015 1Q26 2015 LTM 1Q26 Employees Adjusted Pretax Income Firmwide headcount $ millions 1,229 $385 +248% +817% 353 $42 1 2 2015 1Q26 2015 LTM 1Q26 Clients Adjus
Slide 9: Why PJT Why Now
Why PJT Why Now Resilient Franchise Secular Tailwinds › Balanced business model allows for growth in › Business disruption and dislocations increase the most market environments need for strategic advice › Breadth of capabilities › Increased demand for advisory-focused firms Disciplined Management S
Slide 10: Our People and Culture
PUT Partners Pir Our People and Culture
Slide 11: Premier Destination for Top Talent
Premier Destination OUR GLOBAL PARTNERS for Top Talent 119 133 141 7 115 7 105 23 5 6 23 97 88 6 19 20 21 81 8 18 18 71 7 18 18 18 We believe that recruiting and retaining 61 7 16 15 51 5 15 15 the best people is essential to building an 46 4 16 14 13 3 3 17 90 enduring franchise that will create 14
Slide 12: Our Culture and Employer Value Proposition
Our Culture and Employer Value Doing the Commitment Culture of Client Proposition Right Thing to Excellence Collaboration Exposure Employer of Choice What Our Employees Say The Next Generation – Campus Recruiting > Offer best qualities of a much larger > The outstanding people with strong organizati
Slide 13: Why We Are the Destination for Top Talent
Why We Are the Destination for Top Talent Big Firm Capabilities Small Firm Feel Global reach Commitment to excellence Collaboration & teamwork Advice is the main event Brand recognition Concentration of top practitioners Complex transaction flow Entrepreneurial at all levels Cross-product capabiliti
Slide 14: PJT Partners Community Impact
PJT Partners 550+ Community Impact global organizations supported across our communities1 (1) Cumulative since 2020 through March 31, 2026. CONFIDENTIAL 14
Slide 15: Our Businesses
PUT Partners Pir Our Businesses
Slide 16: Strategic Advisory
Strategic Advisory Mergers & Board Activism Acquisitions Advisory Defense M&A Advisory Geopolitical & GP Advisory Strategic Advisory Policy Advisory Our Strategic Advisory team advises many of the world’s most consequential Capital Markets Advisory companies on the full spectrum of strategic issues
Slide 17: Strategic Advisory: Capital Markets Advisory
Capital Markets Equity Capital Debt Capital Structured Advisory M&A Advisory Markets Markets Products Private Capital Spin-Offs SPACs Strategic Advisory Markets We partner with companies to deliver bespoke, product agnostic and Capital Markets Advisory differentiated capital raising solutions across
Slide 18: Strategic Advisory: Shareholder Advisory
Shareholder Governance Strategic Complex & Advisory Advisory Investor Contested M&A Advisory Relations Situations Strategic Advisory Successfully build Design strategies to Develop strategies to relationships and engage deliver enhanced public proactively mitigate and Our team brings decades of inve
Slide 19: Restructuring and Special Situations
Restructuring and Special Situations M&A Advisory 2020, 2021, 2022 & 2023 IFR’s Restructuring Advisor of the Year We are the go-to trusted advisor in situations of financial distress. Over 500 Capital Markets Advisory #1 Worldwide & U.S. clients around the world have turned to Announced restructurin
Slide 20: PJT Park Hill – Fund Capital Raising
PJT Park Hill – Fund Capital Raising Fund Capital M&A Advisory Raising Private Equity $560bn+ Capital raised Through PJT Park Hill, we have Real Estate unparalleled experience in raising capital across various strategies and multiple Capital Markets Advisory 530+ geographies allowing us to provide u
Slide 21: PJT Park Hill – Fund Advisory
PJT Park Hill – Fund Advisory Fund Advisory M&A Advisory LP Advisory GP Advisory Transaction Experience1,2 Transaction Experience1,2,3 PJT Park Hill Private Capital Solutions provides customized advice to clients seeking to address asset, fund and Capital Markets Advisory $130bn+ $150bn+ portfolio l
Slide 22: Our Financials and Capital Priorities
Our Financials and Capital Priorities 22
Slide 23: Recent Financials
Recent Financials 1Q26 LTM 1Q26 Revenue $418mm $1,807mm +29% +21% Pretax GAAP $80mm $371mm Income +53% +38% Adjusted¹ $84mm $385mm +49% +38% EPS GAAP $2.21 $6.86 Diluted +11% +21% Adjusted¹ $1.54 $7.48 +47% +47% Note: % growth figures are YoY. (1) Figures are shown ‘as adjusted’; see reconciliations
Slide 24: Financial History
Financial History REVENUE $mm ADJUSTED EPS1 $ 1,807 7.48 1,714 6.98 1,493 4.93 5.02 1,153 1,052 4.44 1,026 992 3.92 3.27 718 580 2.41 499 499 1.91 1.55 1.54 (1) Figures are shown ‘as adjusted’; see reconciliations on page 32. For reconciliation to GAAP EPS from 2016 through 2021 refer to the 2016 20
Slide 25: Capital Priorities and Disciplined Financial Management
Capital Priorities and Disciplined Capital Operational Reward Financial Priorities Oversight Principles Management > Significant stock-based > Invest in our business > Disciplined expense management component of compensation > Offset dilution > Strong cash position > Maintain a dividend Capital Bala
Slide 26: Historical Capital Return
Historical HISTORICAL CAPITAL RETURN $mm Capital Return 414 408 357 314 183 168 167 161 81 56 Note: Includes open market repurchases, exchanges, net share 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM 1Q26 settlements and dividends. CONFIDENTIAL 26
Slide 27: Share Count
Share Count WEIGHTED-AVERAGE SHARES OUTSTANDING – IF CONVERTED1 FULLY-DILUTED SHARES OUTSTANDING 2 46.6 45.6 44.5 43.3 6.4 5.5 5.0 3.9 Class A Common Shares Vested Partnership Units 1.2 0.8 Unvested Partnership Units 1.3 1.0 Unvested RSUs 14.3 13.4 14.2 13.5 23.9 24.8 24.8 25.9 Note: Share count in
Slide 28: Our Corporate Sustainability
Our Corporate Sustainability 28
Slide 29: Our Corporate Sustainability
Our Corporate Sustainability › Attract, develop and retain the best people › Foster a culture of integrity, excellence and collaboration through the firm People › Build the world’s best advisory-focused investment bank through sustained, disciplined investment and a competitively advantaged culture
Slide 30: Appendix
Pir Appendix
Slide 31: GAAP Statements of Operations
GAAP Statements Amounts in millions, except per share data of Operations 3 Months Ended 3/31, Last Twelve Months Ended 3/31, 12 Months Ended 12/31, 2026 2025 2026 2025 2025 2024 2023 2022 Revenues $418.2 $324.5 $1,807.3 $1,488.3 $1,713.7 $1,493.2 $1,153.2 $1,025.5 Expenses Compensation and Benefits
Slide 32: Summary of GAAP to Adjusted Financial Information
Summary of GAAP Amounts in millions, except per share data to Adjusted 3 Months Ended 3/31, Last Twelve Months Ended 3/31, 12 Months Ended 12/31, Financial Revenues 2026 $418.2 2025 $324.5 2026 $1,807.3 2025 $1,488.3 2025 $1,713.7 2024 $1,493.2 2023 $1,153.2 2022 $1,025.5 Information Compensation an
Slide 33: Notes to Financials
Notes to 1. This adjustment adds back to GAAP Pretax Income acquisition-related compensation expense for equity based and cash awards granted in connection with the acquisition of CamberView on October 1, 2018 and the acquisition of deNovo Partners on October 1, Financials 2024. 2. This adjustment a