---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-051830"
form_type: "8-K"
ticker: "PJT"
cik: "0001626115"
company_name: "PJT Partners Inc."
filed_at: "2021-10-26T23:59:59+00:00"
generated_at: "2026-06-28T18:02:08.186293+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PJT Partners Q3 revenue falls 22% to $231M; adjusted EPS $0.98 vs $1.01 last year

## Summary
- Advisory revenues $180M (-31% YoY) as restructuring decline offset strategic advisory growth.
- Placement revenues $47M (+48% YoY) on higher fund placement activity.
- GAAP diluted EPS $0.82; adjusted EPS $0.98; GAAP pretax margin 20.9%.
- YTD repurchased 2.9M share equivalents at avg $72.05; $91.9M remaining authorization.
- Paid special dividend of $3/share in Oct 2021; regular Q4 dividend $0.05 payable Dec 22.

## SEC filing metadata
- accession: 0001564590-21-051830
- form_type: 8-K
- ticker: PJT
- cik: 0001626115
- company_name: PJT Partners Inc.
- filed_at: 2021-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626115/000156459021051830/0001564590-21-051830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626115/000156459021051830/pjt-8k_20211026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-051830
- JSON: https://secwatch.observer/filing/0001564590-21-051830.json
- Plain text: https://secwatch.observer/filing/0001564590-21-051830.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.