Snapshot
Evercore Inc. reported $1.27B of revenue in Q4 2025, up 32.7% year over year, with diluted EPS of $4.76 and an operating margin of 25.3%.
- Revenue
- $1.27B
- YoY growth
- +32.7%
- Diluted EPS
- $4.76
- Operating margin
- 25.3%
$1.27B
Revenue
+32.7%
YoY growth
$4.76
Diluted EPS
25.3%
Operating margin
01 Key takeaways
What management said
- •Earlier today, we issued a press release announcing Evercore's fourth quarter and full-year 2025 financial results.
- •We saw broad-based momentum across all of our businesses and ended the year with the strongest revenue performance in our history.
- •Firm-wide, adjusted net revenue reached approximately $3.9 billion, up 29% versus the prior year and nearly 17% above our previous record in 2021.
- •In fact, our fourth quarter represented the strongest revenue quarter in our history, with nearly $1.3 billion in adjusted net revenue.
- •For the year, we generated approximately $14.56 in adjusted earnings per share, continued to return a meaningful amount of capital to shareholders, and improved our margin profile.
- •Our quarterly and full-year record results reflect the improving market environment, the benefits of our diversified business model, and the execution of our long-term growth strategy.
- •Announced transactions totaled approximately $4.5 trillion, up 49% from the prior year and just 19% below record levels of 2021.
- •That improvement was particularly evident in the large-cap segment of the market.
- •Nearly all of our businesses posted record results, including our North America and EMEA advisory businesses, Private Capital Advisory, Private Funds Group, our Equities business, and Wealth Management.
- •For the fourth quarter and full year, approximately 45% of revenues were generated from non-M&A businesses.
- •We completed the acquisition of Robey Warshaw, a leading U.K.-based advisory firm.
- •The acquisition represents a significant next step in our EMEA expansion strategy, and the integration is progressing well.
SourcesCompany financials · earnings call
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