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FTI Consulting
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Updated Oct 30, 2026
FTI Consulting posts record Q3 2026 revenues of $1.013B and record Adjusted EPS of $3.84, initiates $46M staffing-alignment charge as Compass Lexecon drag lifts
FTI Consulting crossed the $1 billion quarterly revenue milestone for the first time in Q3 2026, with Adjusted EBITDA of $153.7 million expanding 150 basis points to 15.2% of revenue, driven by record success fees in Corporate Finance, record bill rates in both Economic Consulting and FLC, and double-digit top-line growth in Strategic Communications and Technology. Management attributes the inflection directly to the removal of the Compass Lexecon EBITDA drag — which averaged a $22 million year-on-year headwind per quarter over the prior five quarters — rather than to any structural change in strategy or market conditions. A $46 million Q3 special charge and an expected additional $7 million in Q4 reflect targeted headcount reductions of approximately 4% of the workforce, principally in the Middle East, UK, and non-US construction and EMEA transformation practices, expected to yield approximately $80 million in annualized savings.
Tone: bullishRevenue
$3.8B
FCN 10-K · FY 2025
Employees
8,118
Revenue FY2024
$3.7B
Headquarters
Washington, DC
Profile
FCN 10-K Item 1 · Feb 26, 2026FTI Consulting is a global expert and advisory firm organized into five segments — Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications — serving clients facing crisis, litigation, regulation, and transformation. The firm serves Fortune 500 corporations, FTSE 100 companies, major law firms, private equity firms, and governments worldwide. Revenue is derived primarily from time-and-expense professional services engagements.
Read filing description ↓ Collapse description ↑
FTI Consulting is a leading global expert firm for organizations facing crisis and transformation. Individually, each of our segments and practices is staffed with experts recognized for the depth of their knowledge and a track record of making an impact. We work closely with our clients to help them anticipate and overcome complex business challenges and make the most of opportunities arising from factors such as the economy, financial and credit markets, governmental legislation and regulation, and litigation. We provide our clients with expert advice and solutions involving transactions, transformation, turnaround & restructuring, construction, projects, assets & environmental solutions, data & analytics, dispute advisory services, healthcare risk management & advisory, risk & investigations, antitrust & competition economics, financial economics, international arbitration, blockchain & digital assets, information governance, privacy & security, investigations, litigation, M&A, antitrust and competition, corporate reputation, financial communications and public affairs. Our clients include Fortune 500 corporations, FTSE 100 companies, major law firms, leading private equity firms, global banks and local, state and national governments and agencies around the globe. In addition, major United States and international law firms refer us or engage us directly or on behalf of their clients. We believe clients retain us because of our recognized expertise and capabilities in highly specialized areas, as well as our reputation for successfully meeting our clients' needs. Our operations span the globe encompassing locations within the Americas, Latin America, Asia Pacific, and Europe, Middle East and Africa.
Primary products
- Transactions
- Transformation
- Turnaround & Restructuring
- Construction, Projects & Assets and Environmental Solutions
- Data & Analytics
- Dispute Advisory Services
Business segments
End markets
Geographies
Named customers
During the year ended December 31, 2025, no single client accounted for more than 10% of our consolidated revenues and no reportable segment had a single client that accounted for more than 10% of its respective total segment revenues.
Named competitors
“We compete primarily on the basis of the breadth of our services, the quality of our work, the prominence of our professionals, our geographic reach, our reputation and performance record, our specialized industry expertise and our strong client relationships.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues grew from $3.70 billion in 2024 to $3.79 billion in 2025, driven primarily by Corporate Finance and Strategic Communications segment growth, partially offset by declines in Economic Consulting and Technology.
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