FTI Consulting Reports Second Quarter 2026 Financial Results

FTI Consulting reported record second quarter 2026 revenues of $993.5 million, a 5.3% increase compared to the prior year quarter, primarily driven by growth in the Corporate Finance, Technology, and Forensic and Litigation Consulting segments. However, net income decreased to $57.8 million from $71.7 million in the prior year quarter, attributed to higher direct costs, SG&A expenses, and interest expense. Adjusted EBITDA was $104.5 million (10.5% of revenues), down from $111.6 million (11.8% of revenues) in the prior year quarter, with the decrease in the current quarter including $6.6 million in Extraordinary Litigation-Related Expenses. Second quarter 2026 EPS was $1.99, a decrease from $2.13 in the prior year quarter, while Adjusted EPS rose to $2.16 from $2.13. The company reaffirmed its full-year revenue guidance of $3.940 billion to $4.100 billion but updated its full-year EPS guidance to a range of $8.70 to $9.30 and introduced Adjusted EPS guidance of $9.10 to $9.70. The company experienced strong operating cash flow of $152.3 million for the quarter. Significant share repurchases were made, with $390.9 million in common stock bought back during the quarter.