PJT Partners Q3 revenue rises 5% to $278 million, but EPS falls to $0.68
PJT Partners reported third-quarter 2023 revenue of $278 million, up 5% from a year earlier, driven by higher advisory revenue. GAAP diluted earnings per share fell to $0.68 from $0.82, and placement revenue dropped 33%, so profit moved in the opposite direction from revenue.
Key points
- Q3 2023 total revenues were $278 million, up 5% from $266 million; advisory revenues rose 9% to $244 million while placement revenues fell 33% to $27 million.
- GAAP diluted EPS was $0.68 versus $0.82 a year earlier; adjusted EPS was $0.78 versus $0.96.
- Nine-month revenues were a record $825 million, up 11%, while nine-month GAAP diluted EPS was $2.20 versus $2.56.
- As of September 30, 2023, the company held $355 million in cash, cash equivalents and short-term investments with no funded debt; the board declared a $0.25 quarterly dividend payable December 20, 2023.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.