PJT Partners Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total revenues reaching $1.71 billion, a 15% increase from $1.49 billion in 2024. The growth was primarily driven by a rise in advisory fees, which amounted to $1.50 billion, up 14% from the previous year. Placement fees also saw a notable increase of 24%, totaling $181.6 million. The company's net income attributable to PJT Partners Inc. was $180.1 million, reflecting a 34% increase compared to $134.4 million in 2024.
In terms of operational metrics, PJT Partners served 436 clients in 2025, an increase from 420 in 2024, with 255 clients generating fees of at least $1 million, up from 230 the previous year. The company’s employee headcount rose to 1,224, including 133 partners, as it continued to expand its workforce to support its growth strategy. The firm also maintained a strong liquidity position, with cash and cash equivalents totaling $585.8 million as of December 31, 2025.
Strategically, PJT Partners has focused on enhancing its advisory capabilities and expanding its geographic footprint. The company has made investments in technology infrastructure and artificial intelligence to improve its service offerings. Additionally, PJT Partners has been active in share repurchases, with a remaining authorization of $82.5 million under its $500 million stock repurchase program initiated in February 2024. The firm repurchased approximately 1.3 million shares in 2025, reflecting its commitment to returning value to shareholders.
Looking ahead, PJT Partners anticipates continued favorable conditions in the capital markets and M&A environment, although it acknowledges the potential for volatility due to macroeconomic factors. The company expects to leverage its integrated advisory platform to capture growth opportunities across its various service lines, including strategic advisory, restructuring, and fund placement services. The management remains optimistic about the firm's ability to navigate challenges and capitalize on market trends, positioning itself for sustained growth in the coming years.
About PJT Partners Inc.
PJT Partners Inc. is a global advisory firm providing strategic advice, restructuring, and capital markets services to leading corporations, financial sponsors, and institutions. Its core offerings include M&A, financial restructuring, and private fund advisory. Operating through integrated, client-centric teams, it leverages deep industry expertise, strong relationships, and an asset-light model to deliver high-touch, independent advice across diverse markets worldwide.
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