Snapshot
Evercore Inc. reported $1.01B of revenue in Q3 2025, up 42.2% year over year, with diluted EPS of $3.41 and an operating margin of 22.1%.
- Revenue
- $1.01B
- YoY growth
- +42.2%
- Diluted EPS
- $3.41
- Operating margin
- 22.1%
$1.01B
Revenue
+42.2%
YoY growth
$3.41
Diluted EPS
22.1%
Operating margin
01 Key takeaways
What management said
- •Evercore delivered record third quarter results following a record first half with momentum across all business areas.
- •Announced M&A activity has advanced at a healthy pace, led by larger strategic transactions, while capital markets activity has accelerated.
- •In line with the momentum that we've experienced over the last several months, our backlogs continued to increase in the quarter, and client activity across the firm remains robust.
- •We continue to see a healthy pipeline of external candidates, and attracting and developing exceptional talent remains core to our strategy and future success.
- •Our European advisory business delivered its best quarter on record, with strong performance across sectors, products, and geographies.
- •We are seeing an increase in larger traditional restructuring assignments, and our backlog in this area remains strong as highly levered companies face ongoing challenges.
- •Our private capital markets and debt advisory team continues to be active as the credit markets remain open and transaction activity picks up.
- •Consistent with the strength we saw in the first two quarters of the year, our private capital advisory business delivered a record third quarter, driven in large part by GP-led continuation fund transactions.
- •In fact, through the first nine months of 2025, PCA revenues have already exceeded full year 2024, which was our best year on record.
- •Equity capital markets saw a resurgence in activity in the third quarter, particularly with IPOs supported by lower levels of market volatility.
- •We also experienced a significant increase in convertible issuance, an area where we have been investing in expanding our capabilities.
- •For the third quarter of 2025, net revenues, operating income, and EPS on a GAAP basis were $1 billion, $216 million, and $3.41 per share, respectively.
SourcesCompany financials · earnings call
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