FTI Consulting, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter and nine-month financial results alongside a significant increase in long-term debt and a reduction in shares outstanding.

Key Highlights

  • Q3 2026 revenues of $1,012,563 thousand compared with $956,167 thousand in Q3 2025, according to the filing.
  • Q3 2026 net income of $63,449 thousand versus $82,818 thousand in the same quarter a year earlier, the filing disclosed.
  • Special charges of $46,008 thousand were recorded in the third quarter of 2026, with no comparable charge in Q3 2025, per the filing.
  • Long-term debt, net, rose to $851,383 thousand at September 30, 2026 from $365,000 thousand at December 31, 2025, the filing reported.
  • Shares issued and outstanding fell to 27,247 thousand at September 30, 2026 from 30,864 thousand at December 31, 2025, reflecting share repurchases disclosed in the filing.
  • Diluted earnings per share for the nine months ended September 30, 2026 were $6.22, compared with $6.43 for the same period in 2025, according to the filing.

FTI Consulting's Third-Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, FTI Consulting (NYSE:FCN) reported revenues of $1,012,563 thousand for the three months ended September 30, 2026, up from $956,167 thousand in the prior-year period. For the nine months ended September 30, 2026, revenues were $2,989,372 thousand versus $2,798,111 thousand for the same period in 2025. Operating income for the third quarter of 2026 was $89,840 thousand, compared with $117,670 thousand in Q3 2025, with the decline partly attributable to special charges of $46,008 thousand recorded in Q3 2026 that were absent in the year-earlier quarter.

The filing disclosed that net income for Q3 2026 was $63,449 thousand, or $2.35 per diluted share, versus $82,818 thousand, or $2.60 per diluted share, in Q3 2025. For the nine-month period, net income was $178,890 thousand, or $6.22 per diluted share, compared with $216,340 thousand, or $6.43 per diluted share, in the nine months ended September 30, 2025. Interest expense for the nine months ended September 30, 2026 was $31,406 thousand, up from $13,859 thousand in the comparable 2025 period, the filing reported.

On the balance sheet, total assets stood at $3,459,655 thousand at September 30, 2026, compared with $3,490,528 thousand at December 31, 2025, the filing stated. Long-term debt, net, increased to $851,383 thousand from $365,000 thousand over the same interval. The company repurchased shares during the nine-month period, with shares issued and outstanding declining from 30,864 thousand at December 31, 2025 to 27,247 thousand at September 30, 2026. Common shares outstanding as of October 22, 2026 were reported as 27,254,187. Total stockholders' equity was $1,323,220 thousand at September 30, 2026, down from $1,733,731 thousand at December 31, 2025, according to the filing.

What Was Disclosed

FTI Consulting filed its quarterly report covering the period ended September 30, 2026, disclosing Q3 revenues of $1,012,563 thousand, net income of $63,449 thousand, special charges of $46,008 thousand, higher long-term debt, and a reduced share count following buyback activity.