PJT Partners Posts Record Fees Amid M&A Surge

Key facts

• PJT Partners achieved record dealmaking fees of $1.5 billion in 2025.
• Total revenue for the firm grew 15% to $1.7 billion.
• The company expanded its workforce and compensation.
• The firm's restructuring division contributed to its strong performance.
• PJT Partners reported record third-quarter revenue of $447.09 million and net income of $39.84 million.

PJT Partners has reported record financial results, driven by a significant increase in dealmaking fees and overall revenue. The firm posted $1.5 billion in dealmaking fees, a 14% rise from the previous year, and total revenue climbed 15% to $1.7 billion, reflecting a strong rebound in mergers and acquisitions activity.

Founded in 2015 by Paul Taubman, the boutique advisory firm expanded its headcount and compensation in anticipation of a recovery in dealmaking. Its restructuring division also played a key role in the company's performance. Taubman highlighted the importance of sustained investment in talent to maintain momentum across advisory and restructuring services.

In the third quarter, PJT Partners generated $447.09 million in revenue and $39.84 million in net income. The company's board also declared a quarterly dividend of $0.25 per share. The firm's strong position in M&A and restructuring advisory, coupled with its team expansion and record results, underpins its investment narrative.