Perella Weinberg (NASDAQ:PWP) Posts 53% Revenue Jump in Q3 2026 on M&A Momentum

Sonal Goyal

30 October 2026 09:45 PM AEDT

Perella Weinberg (NASDAQ:PWP) Posts 53% Revenue Jump in Q3 2026 on M&A Momentum

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Key Highlights

Q3 2026 revenues of $251.4 million increased 53% year-over-year and 61% sequentially from Q2 2026
GAAP diluted EPS of $0.21 and adjusted EPS of $0.39 for the quarter
Closed Acquisition of Gleacher Shacklock on September 1, deepening European advisory capabilities
Year-to-date returned $88 million to Equity holders, including share repurchases and dividends

Revenue Surges on Broad Client and Transaction Activity

Perella Weinberg Partners (NASDAQ:PWP), a global independent advisory firm, reported revenues of $251.4 million for the third quarter ended September 30, 2026, an increase of 53% from $164.6 million in Q3 2025. The growth was driven by a higher number of fee-paying clients and a greater share of fee events exceeding $5 million. Revenue also climbed 61% sequentially from the second quarter of 2026, indicating a notable acceleration in deal activity.

For the nine months ended September 30, 2026, revenues were $556.8 million, up 5% from $531.7 million in the same period of 2025. The nine-month increase was driven by higher M&A revenue reflecting a greater number of fee events, partially offset by lower financing and Capital solutions revenue.

Adjusted Profitability Reflects Operating Leverage

GAAP pre-tax income for Q3 2026 was $35 million, and adjusted pre-tax income was $56 million. Diluted Earnings per Share on a GAAP basis were $0.21, while adjusted EPS came in at $0.39. For the nine months ended September 30, 2026, GAAP pre-tax income was $31 million, and adjusted pre-tax income was $80 million, with GAAP diluted EPS of $0.29 and adjusted EPS of $0.63.

The company maintained a strong Balance Sheet with approximately $150 million of cash and no Debt as of quarter-end, providing significant financial flexibility. Year-to-date, Perella Weinberg returned a total of $88 million to equity holders through more than three million shares and share equivalents retired through net settlement and open market repurchases, combined with Dividend payments.

Gleacher Shacklock Acquisition Enhances European Footprint

Perella Weinberg closed its acquisition of Gleacher Shacklock, a leading independent financial advisory firm based in the United Kingdom, on September 1, 2026. The transaction deepens Perella Weinberg's presence in the UK and strengthens its capabilities to advise clients across Europe on complex transactions. CEO Andrew Bednar described the acquisition as enhancing the firm's ability to serve clients on their most important deals.

Year-to-date through Q3 2026, the firm added fourteen Partners and thirteen Managing Directors, reflecting continued Investment in talent to support its growth strategy. These additions span multiple advisory practices and geographies, reinforcing Perella Weinberg's positioning as a differentiated platform for independent financial advice.

Capital Return and Dividend Declaration

Perella Weinberg declared a quarterly Cash Dividend of $0.07 per share of common stock for Q3 2026. During the nine months ended September 30, 2026, the company retired more than three million shares and share equivalents through net settlement and open market repurchases, alongside $88 million in total capital returned to equity holders.

CEO Bednar expressed confidence in the momentum heading into Q4 2026 and 2027, noting that the performance demonstrates the strength and breadth of the franchise. The combination of the Gleacher Shacklock acquisition, strong hiring, and a firm pipeline sets up the firm for continued execution on its strategic priorities.

Perella Weinberg's third quarter showcased an Investment Banking Franchise firing on multiple cylinders, with deal volume, client activity, and revenue all at elevated levels. The Gleacher Shacklock acquisition adds European advisory capacity at a time when M&A markets are showing renewed activity, and the firm's strong talent additions position it for sustained engagement in advisory mandates across industries and geographies.

What drove Perella Weinberg's 53% revenue growth in Q3 2026?

Revenue growth was driven by a higher number of fee-paying clients and an increased share of fee events exceeding $5 million, reflecting broader and deeper M&A advisory engagement.

What was Perella Weinberg's adjusted EPS in Q3 2026?

Adjusted EPS for Q3 2026 was $0.39, compared to a GAAP diluted EPS of $0.21 for the same period.

What is Gleacher Shacklock and why did Perella Weinberg acquire it?

Gleacher Shacklock is a leading independent financial advisory firm in the UK. Perella Weinberg acquired it to deepen its presence in the UK and enhance its ability to advise clients across Europe on complex transactions.

How did Perella Weinberg return capital to shareholders in the first nine months of 2026?

The company returned $88 million in aggregate to equity holders through a combination of share repurchases, net settlement, and dividend payments through the first three quarters of 2026.

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