EVR earnings analysis
What we found in EVR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Substantial EPS Growth to $7.53
- Diluted EPS rose to $7.53, marking a 117% increase from $3.48 in the prior year.
- Strong Advisory Fees Surge
- Advisory Fees increased by $687.4 million, or 123%, on a year-over-year basis.
- Improved Operating Income Margin
- Operating income margin increased significantly from 16.0% to 23.2% year-over-year.
- 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.
- Increased Workforce Drives Growth
- Employee count rose to 2,635 from 2,395, indicating growth in capacity to handle expanded operations.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Employee Compensation Costs
- Employee compensation increased 97% to $904.1 million, which may pressure margins moving forward.
- Market Volatility Risks
- Geopolitical tensions and economic conditions pose risks to M&A activity and market transactions.
- Regulatory and Compliance Risks
- Increased scrutiny from regulatory bodies could impact operational flexibility and introduce costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $7.53
- Operating margin
- 23.2%
- Segment
- Investment Banking & Equities
- Segment
- Investment Management
What they said about what is next.
Management anticipates continued performance but highlights potential market fluctuations affecting future earnings.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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