NASDAQ$PWP

Perella Weinberg Partners · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Perella Weinberg Partners reported Q4 2025, revenue of $219.2M, diluted EPS of $0.47.

For Q4 2025, Perella Weinberg Partners reported revenue of $219.2M, diluted EPS was $0.47, adjusted diluted EPS was $0.68. Management discusses operating trends, capital allocation, and outlook in the earnings release or periodic filing.

  • Revenue $219.2M.
  • Diluted EPS $0.47.
  • Adjusted diluted EPS $0.68.

Headline financials

Total Revenue

$219M

Previous: $226M-2.9%
EPS (adj)

$0.68

Previous: $0.26+161.5%
Quarterly Dividend

$0.07

No prior period
Adjusted Pre-Tax Income

$29M

Previous: $29M+0.0%
Cash and Cash Equivalents

$256M

No prior period
Total Compensation and Benefits GAAP

$161M

Previous: $156M+3.5%
Adjusted Total Compensation and Benefits

$156M

Previous: $146M+6.6%
Non-Compensation Expense GAAP

$39.2M

Previous: $48.2M-18.8%
Adjusted Non-Compensation Expense

$36.8M

Previous: $46.3M-20.4%
GAAP Operating Income (Loss) Margin

8.5%

Previous: 9.5%-10.5%
Adjusted Operating Income (Loss) Margin

12.2%

Previous: 14.8%-17.6%
GAAP Compensation Ratio

74.0%

Previous: 69.0%+7.2%
Adjusted Compensation Ratio

71.0%

Previous: 65.0%+9.2%
GAAP Effective Tax Rate

37.0%

Previous: -18.0%+305.6%
Adjusted If-Converted Effective Tax Rate

40.0%

Previous: 34.0%+17.6%
Net Income

$13.8M

Previous: $32.7M-57.8%
Operating Income

$18.5M

Previous: $21.4M-13.3%

Revenue & EPS history

PWP · Revenue · Quarterly

$219M

Q4 2025-2.9%vs Q4 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

The filing outlines Perella Weinberg Partners's outlook, including operating priorities, capital allocation, and key risks, with specific numeric guidance where management provided it.

Tailwinds

  • Perella Weinberg Partners cites execution on growth initiatives and balance-sheet flexibility.
  • Management emphasizes capital returns and operational priorities in the filing.

Headwinds

  • Macro, pricing, and competitive pressure may affect margins.
  • One-time items and segment mix can affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+11.7%

Q2 2022

Best reaction

-17.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.1%-15.0%-24.6%
Q4 2025+8.0%+10.1%-20.1%
Q3 2025-4.6%+2.7%-1.2%
Q1 2025+2.4%-2.8%+0.7%
Q4 2024-6.8%-12.0%-22.5%
Q3 2024+6.7%+4.9%+7.2%
Q2 2024-5.7%-9.1%+6.9%
Q1 2024-2.7%-0.6%+2.7%
Q4 2023+8.9%+6.3%+13.5%
Q3 2023+6.4%+2.2%+17.7%
Q2 2023+8.5%+9.1%+5.9%
Q1 2023+10.5%+10.5%+13.3%
Q4 2022+4.5%+10.5%-11.0%
Q3 2022+5.9%+6.2%+25.7%
Q2 2022+11.7%+9.7%-4.0%
Q1 2022-17.7%-17.4%-5.6%
Q4 2021+0.6%-2.0%-16.3%
Q3 2021-2.0%+0.1%-15.6%
Q2 2021+5.6%+2.2%+6.1%
Q1 2021-0.2%+5.9%+10.8%

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