10-K · February 20, 2026
Evercore reports strong 2025 performance driven by Investment Banking & Equities, which generated $3.69 billion (≈98% of revenues, excluding Other Revenue, net) while Investment Management contributed $87.4 million…
Earnings analysis · 10-Q
EVR earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Evercore reported strong Q1 2026 results with record revenues of $1.4 billion, up 100% year-over-year, and EPS of $7.53, exceeding estimates by 38%. All segments contributed to revenue growth, particularly Investment…
Read full summary
Evercore reported strong Q1 2026 results with record revenues of $1.4 billion, up 100% year-over-year, and EPS of $7.53, exceeding estimates by 38%. All segments contributed to revenue growth, particularly Investment Banking, while management expressed optimism about continued performance despite potential economic headwinds.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $7.53
- Operating margin
- 23.2%
- Segment
- Investment Banking & Equities
- Segment
- Investment Management
What stood out
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Record Q1 Revenue of $1.4B
Revenue reached $1.4 billion for Q1 2026, a significant 100% increase compared to $694.8 million in Q1 2025.
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Substantial EPS Growth to $7.53
Diluted EPS rose to $7.53, marking a 117% increase from $3.48 in the prior year.
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Strong Advisory Fees Surge
Advisory Fees increased by $687.4 million, or 123%, on a year-over-year basis.
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Improved Operating Income Margin
Operating income margin increased significantly from 16.0% to 23.2% year-over-year.
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Cash Flow Recovery from Operations
Operating cash flow improved to a net inflow of $225.9 million compared to an outflow of $549.7 million last year.
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Increased Workforce Drives Growth
Employee count rose to 2,635 from 2,395, indicating growth in capacity to handle expanded operations.
What to watch
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Rising Employee Compensation Costs
Employee compensation increased 97% to $904.1 million, which may pressure margins moving forward.
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Market Volatility Risks
Geopolitical tensions and economic conditions pose risks to M&A activity and market transactions.
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Regulatory and Compliance Risks
Increased scrutiny from regulatory bodies could impact operational flexibility and introduce costs.
Management's outlook
Management anticipates continued performance but highlights potential market fluctuations affecting future earnings.
Earlier filings 4
10-Q · August 2, 2024
Evercore reported strong Q2 results with total revenues of $693,413 (in thousands) and diluted EPS of $1.81, both up materially vs. the year-ago quarter. Investment Banking & Equities led the gain (Advisory Fees…
10-Q · May 8, 2024
Evercore reported quarter revenue of $585,003,000 (up $8,689,000 vs. Q1 2023's $576,314,000) and diluted EPS of $2.09 (up $0.03 vs. $2.06). Investment Banking & Equities was essentially flat at $533,611,000 while…
10-Q · August 3, 2023
Evercore reported Q2 2023 revenues of $503.6M, down materially versus both Q2 2022 ($635.2M) and Q1 2023 (Q1 net revenues implied $572.1M). Operating profitability compressed sharply — income before taxes and equity…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.