Perella Weinberg Partners reported a sharp increase in third-quarter revenue, alongside higher profit measures, and said it has continued to expand its senior ranks and return capital to shareholders. The advisory firm also completed its acquisition of Gleacher Shacklock, adding to its presence in the United Kingdom and Europe.
For the nine months through September, revenue rose modestly from a year earlier. The firm ended the quarter with $150 million in cash and no debt.
Key details
- Third-quarter revenue was $251 million, up 53% from the same quarter last year and 61% from the second quarter.
- Third-quarter pre-tax income was $35 million under GAAP and $56 million on an adjusted basis. Diluted earnings per share were $0.21 under GAAP and $0.39 adjusted.
- For the first nine months of 2026, revenue was $557 million, up 5% year over year. Pre-tax income was $31 million under GAAP and $80 million adjusted; diluted EPS was $0.29 under GAAP and $0.63 adjusted.
- The firm added 14 partners and 13 managing directors year to date. It completed its acquisition of Gleacher Shacklock on September 1.
- Perella Weinberg had $150 million of cash and no debt at the time of its quarterly results announcement.
- It returned $88 million in aggregate to equity holders year to date and retired more than 3 million shares and share equivalents through net settlement and open-market repurchases.
- The company declared a quarterly dividend of $0.07 per share.
- Chief Executive and Chairman Andrew Bednar said the firm was carrying momentum into the fourth quarter and 2027, and described the Gleacher Shacklock acquisition as strengthening its ability to advise clients in the UK and across Europe.
The results show substantially higher third-quarter revenue and earnings per share than a year earlier, while the year-to-date revenue increase was more modest. The firm’s stated capital position—$150 million in cash and no debt—sits alongside its share retirements, shareholder returns and newly declared dividend.