PJT Partners reports record 2023 revenue of $1.15 billion; diluted EPS falls to $3.12
PJT Partners reported record full-year 2023 revenues of $1.15 billion, up 12%, and record fourth-quarter revenues of $329 million, up 17%. GAAP diluted EPS fell to $3.12 for the year from $3.51 and to $0.87 for the quarter from $0.95, so profit per share declined even as revenue grew. The Board also authorized a new $500 million Class A share repurchase program.
Key points
- Full-year 2023 total revenues of $1.15 billion, up 12% from $1.03 billion; GAAP diluted EPS of $3.12 versus $3.51 in 2022
- Fourth-quarter 2023 revenues of $329 million, up 17%; GAAP diluted EPS of $0.87 versus $0.95 a year earlier
- Board authorized a $500 million Class A common stock repurchase program on February 5, 2024, replacing the April 25, 2022 authorization
- Cash, cash equivalents and short-term investments of $437 million at December 31, 2023, with no funded debt
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 February 06, 2024.
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.