Financials

Evercore Inc. financials

EVR Capital Markets

Evercore Inc. is a global independent investment banking advisory firm founded in 1995 that specializes in strategic financial advisory services including mergers and acquisitions, restructurings, and divestitures. Under the leadership of CEO Ralph Schlosstein, the firm has built a strong reputation by delivering high-value advisory and asset management services to a diverse client base. Its independent business model consistently ranks it among the top global advisors in multibillion-dollar transactions. Strategic investments in technology and service expansion further position Evercore for robust future growth.

Snapshot

Evercore Inc. reported $3.78B in revenue in fiscal 2025, up 30.6% year over year, with an operating margin of 21.6%.

Revenue (FY2025): $3.78B
YoY growth: +30.6%
Operating margin: 21.6%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Transaction-Based Revenues	3,776,780	2,891,270	2,344,700	2,786,280
Other Revenues	103,309	105,094	97,963	(7,378)
Total Revenues	3,880,080	2,996,360	2,442,670	2,778,900
Cost of Sales	2,513,330	1,987,250	1,669,150	1,707,860
Gross Profit	1,366,750	1,009,110	773,516	1,071,030
Selling, General & Administrative Expenses	453,662	387,599	329,260	299,550
Depreciation & Amortization Expenses	32,557	24,468	24,348	27,713
Other Operating Expenses	66,326	53,365	44,056	30,879
Operating Profit	814,206	543,682	375,852	712,892
Interest and Investment Income	3,872	6,231	6,655	7,999
Interest Expense	(24,264)	(16,768)	(16,717)	(16,850)
Total Non-Operating Income	(20,392)	(10,537)	(10,062)	(8,851)
Income Before Provision for Income Taxes	793,814	533,145	365,790	704,041
Provision for Income Taxes	153,107	115,408	80,567	172,626
Consolidated Net Income	640,707	417,737	285,223	531,415
Net Income Attributable to Minority Interests and Other	48,785	39,458	29,744	54,895
Net Income Attributable to Common Shareholders	591,922	378,279	255,479	476,520
Basic EPS	15.29	9.86	6.71	12.15
Diluted EPS	14.05	9.08	6.37	11.61
Basic Weighted Average Shares Outstanding	38,712	38,365	38,101	39,220
Diluted Weighted Average Shares Outstanding	42,131	41,646	40,099	41,044
Shares Outstanding	38,523	38,116	37,774	38,347

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	1,426,020	873,045	596,878	663,400
Short-Term Investments	1,580,640	1,519,380	1,436,880	1,432,720
Total Cash and Cash Equivalents	3,006,660	2,392,430	2,033,760	2,096,120
Accounts Receivable	555,812	421,502	371,606	385,131
Other Receivables	63,434	33,566	25,746	21,914
Other Current Assets	232,337	140,407	174,104	203,570
Total Current Assets	3,858,240	2,987,900	2,605,220	2,706,730
Net Property, Plant & Equipment	647,216	584,214	516,068	380,829
Net Intangible Assets	30,090	—	—	—
Goodwill	230,783	124,452	125,493	123,285
Long-Term Investments	16,898	18,673	43,419	43,047
Other Long-Term Assets	574,869	458,731	413,101	367,031
Total Assets	5,358,100	4,173,970	3,703,300	3,620,920
Accounts Payable	44,562	29,041	25,989	28,807
Accrued Expenses	1,381,320	1,024,080	763,160	918,489
Current Portion of Long-Term Debt	47,981	37,951	—	—
Current Portion of Leases	58,666	55,253	36,259	37,968
Other Current Liabilities	250,890	83,480	84,651	85,272
Total Current Liabilities	1,783,420	1,229,800	910,059	1,070,540
Long-Term Debt	540,243	335,944	373,885	371,774
Leases	508,191	494,169	434,247	278,078
Other Long-Term Liabilities	206,376	172,249	202,617	174,117
Total Long-Term Liabilities	1,254,810	1,002,360	1,010,750	823,969
Total Liabilities	3,038,230	2,232,160	1,920,810	1,894,510
Common Stock	876	848	821	797
Treasury Stock	(4,562,480)	(3,901,420)	(3,453,200)	(3,065,920)
Additional Paid-in Capital	4,024,500	3,510,360	3,163,200	2,861,780
Accumulated Other Comprehensive Income	(13,128)	(36,057)	(26,538)	(27,942)
Retained Earnings	2,581,820	2,133,920	1,892,660	1,768,100
Total Common Shareholders' Equity	2,031,580	1,707,640	1,576,930	1,536,810
Minority Interests and Other	288,290	234,166	205,556	189,607
Total Shareholders' Equity	2,319,870	1,941,810	1,782,490	1,726,420
Total Liabilities and Shareholders' Equity	5,358,100	4,173,970	3,703,300	3,620,920

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	640,707	417,737	285,223	531,415
Depreciation & Amortization	10,537	(387)	2,388	28,651
Share-Based Compensation Expense	675,100	569,734	515,381	467,339
Other Adjustments	46,325	25,903	9,955	65,688
Changes in Trading Assets	23,918	30,839	11,635	(1,777)
Changes in Trade Receivables	(124,587)	(54,589)	11,273	(46,084)
Changes in Accounts Payable	14,489	1,743	(966)	(1,093)
Changes in Accrued Expenses	176,881	17,754	(325,732)	(353,201)
Changes in Income Taxes Payable	11,161	(643)	(4,557)	(11,138)
Changes in Other Operating Activities	(218,067)	(19,940)	(46,646)	(148,424)
Cash from Operating Activities	1,256,460	988,151	457,954	531,376
Capital Expenditure	(74,002)	(30,101)	(20,048)	(23,187)
Purchases of Investments	(3,489,210)	(3,294,190)	(3,420,930)	(3,123,500)
Proceeds from Sale of Investments	3,452,730	3,256,860	3,456,600	3,459,990
Payments for Business Acquisitions	12,160	—	—	—
Cash from Investing Activities	(98,325)	(67,431)	15,621	313,303
Issuance of Long-Term Debt	250,000	—	—	67,000
Repayments of Long-Term Debt	(38,000)	—	—	(67,000)
Net Issuance / (Repayments) of Long-Term Debt	212,000	—	—	0
Repurchases of Common Shares	(661,780)	(450,530)	(391,964)	(550,293)
Net Issuance / (Repurchases) of Common Shares	(661,780)	(450,530)	(391,964)	(550,293)
Common Share Dividends Paid	(144,410)	(135,832)	(127,864)	(127,257)
Other Financing Activities	(41,433)	(42,190)	(37,403)	(58,018)
Cash from Financing Activities	(635,623)	(628,552)	(557,231)	(735,568)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	31,517	(15,545)	17,017	(24,281)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	554,033	276,623	(66,639)	84,830

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$1.39B	+101.4%	24.5%	$340M
Q4 2025	$1.27B	+32.7%	25.3%	$321M
Q3 2025	$1.01B	+42.2%	22.1%	$223M
Q2 2025	$809M	+20.4%	19.1%	$155M
Q1 2025	$688M	—	16.8%	$115M
Q4 2024	$955M	—	22.7%	$217M
Q3 2024	$712M	—	17.7%	$126M
Q2 2024	$672M	—	16.7%	$112M

Revenue by quarter$M

$672M

Q2 '24

$712M

Q3 '24

$955M

Q4 '24

$688M

Q1 '25

$809M

Q2 '25

$1.01B

Q3 '25

$1.27B

Q4 '25

$1.39B

Q1 '26

36.2%

Gross margin

21.6%

Operating margin

17.0%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-11

Snapshot

Financial statements

Quarterly trend

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