Evercore Inc.

EVR 10-K · FY 2025

EVR FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue (FY)
Show Product Lines breakouts
Advisory Fees · Investment Banking & Equities 3,267,087 2,440,605 +33.9%
Asset Management1 · Investment Management 87,356 79,550 +9.8%
Commissions and Related Revenue · Investment Banking & Equities 242,685 214,045 +13.4%
Underwriting Fees · Investment Banking & Equities 179,647 157,067 +14.4%
Wealth Management · Investment Management 87,356 79,550 +9.8%
Show Business Segments breakouts
Investment Banking & Equities 3,689,419 2,811,717 +31.2%
Investment Management 87,356 79,550 +9.8%
Other Income 103,309 105,094 -1.7%
Show Consolidated Entities breakouts
Parent Company 22,324 16,768 +33.1%
Revenue 3,880,084 2,996,361 +29.5%
Show Consolidated Entities breakouts
Parent Company 22,324 16,768 +33.1%
Interest Expense 24,264 16,768 +44.7%
Show Consolidated Entities breakouts
Parent Company 22,324 16,768 +33.1%
Revenues Net Of Interest Expense 3,855,820 2,979,593 +29.4%
Show Business Segments breakouts
Investment Banking & Equities 3,767,655 2,898,489 +30.0%
Investment Management 88,165 81,104 +8.7%
Labor And Related Expense 2,500,834 1,974,036 +26.7%
Show Business Segments breakouts
Investment Banking & Equities 2,448,409 1,927,928 +27.0%
Investment Management 52,425 46,108 +13.7%
Occupancy Net 108,784 90,953 +19.6%
Show Business Segments breakouts
Investment Banking & Equities 106,309 88,604 +20.0%
Investment Management 2,475 2,349 +5.4%
Professional Fees 103,044 96,205 +7.1%
Show Business Segments breakouts
Investment Banking & Equities 98,531 91,861 +7.3%
Investment Management 4,513 4,344 +3.9%
Travel And Entertainment Expense 95,612 79,446 +20.3%
Show Business Segments breakouts
Investment Banking & Equities 94,515 78,519 +20.4%
Investment Management 1,097 927 +18.3%
Communications And Information Technology 146,222 120,995 +20.8%
Show Business Segments breakouts
Investment Banking & Equities 141,413 117,091 +20.8%
Investment Management 4,809 3,904 +23.2%
Depreciation And Amortization 32,557 24,468 +33.1%
Show Business Segments breakouts
Investment Banking & Equities 32,098 24,141 +33.0%
Investment Management 459 327 +40.4%
Floor Brokerage Exchange And Clearance Fees 12,499 13,211 -5.4%
Show Business Segments breakouts
Investment Banking & Equities 10,654 11,487 -7.3%
Investment Management 1,845 1,724 +7.0%
Business Combination Acquisition Related Costs 9,858
Show Business Segments breakouts
Investment Banking & Equities 9,858
Other Cost And Expense Operating 56,468 46,060 +22.6%
Show Business Segments breakouts
Investment Banking & Equities 54,926 44,554 +23.3%
Investment Management 1,542 1,506 +2.4%
Operating Expenses 3,065,878 2,452,679 +25.0%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 789,942 526,914 +49.9%
Show Business Segments breakouts
Investment Banking & Equities 770,942 506,999 +52.1%
Investment Management 19,000 19,915 -4.6%
Income Loss From Equity Method Investments 3,872 6,231 -37.9%
Show Business Segments breakouts
Investment Banking & Equities 6 1,073 -99.4%
Investment Management 3,866 5,158 -25.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Atalanta Sosnoff 3,866 3,127 +23.6%
Seneca Evercore 6 290 -97.9%
Income Before Taxes 793,814 533,145 +48.9%
Show Business Segments breakouts
Investment Banking & Equities 770,948 508,072 +51.7%
Investment Management 22,866 25,073 -8.8%
Income Tax Expense (Benefit) 153,107 115,408 +32.7%
Show Consolidated Entities breakouts
Parent Company 96,161 97,982 -1.9%
Net Income 640,707 417,737 +53.4%
Show Equity Components breakouts
Noncontrolling Interest 48,785 39,458 +23.6%
Retained Earnings 591,922 378,279 +56.5%
Show Consolidated Entities breakouts
Parent Company 591,922 378,279 +56.5%
Net Income Loss Attributable To Noncontrolling Interest 48,785 39,458 +23.6%
Show Equity Components breakouts
Noncontrolling Interest 48,785 39,458 +23.6%
Net Income 591,922 378,279 +56.5%
Income Loss From Continuing Operations 591,922 378,279 +56.5%
Wtd Avg Shares (Basic) 38,712 38,365 +0.9%
Show Statement Class Of Stock breakouts
Common Class A 38,712 38,365 +0.9%
Wtd Avg Shares (Diluted) 42,131 41,646 +1.2%
Show Statement Class Of Stock breakouts
Common Class A 42,131 41,646 +1.2%
EPS (Basic) 15.29 9.86 +55.1%
Show Statement Class Of Stock breakouts
Common Class A 15.29 9.86 +55.1%
EPS (Diluted) 14.05 9.08 +54.7%
Show Statement Class Of Stock breakouts
Common Class A 14.05 9.08 +54.7%
Interest Expense (FY)
Show Ownership breakouts
EWM 539
Comprehensive Income 614,851 368,760 +66.7%
Net Income Loss Available To Common Stockholders Basic (FY)
Show Statement Class Of Stock breakouts
Common Class A 591,922 378,279 +56.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,426,020 873,045 +63.3%
Short-Term Investments 1,580,638 1,519,381 +4.0%
Accounts Receivable Net 555,812 421,502 +31.9%
Other Receivables Net Current 63,434 33,566 +89.0%
Show Related Party Transaction breakouts
Advances to Employees · Related Party 38,658 33,378 +15.8%
Amounts Due From Employees (Sellers) for the Acquisition of Robey Warshaw · Related Party 24,554
Other · Related Party 222 188 +18.1%
Show Related Party Transactions By Related Party breakouts
Related Party 63,434 33,566 +89.0%
Other Assets Current 232,337 140,407 +65.5%
Total Current Assets 3,858,241 2,987,901 +29.1%
Non-Current Assets
Deferred Tax Assets 297,361 284,508 +4.5%
Show Consolidated Entities breakouts
Parent Company 273,485 239,118 +14.4%
Operating Lease Right-of-Use Assets 457,152 439,458 +4.0%
Property, Plant & Equipment 190,064 144,756 +31.3%
Goodwill 230,783 124,452 +85.4%
Show Consolidated Entities breakouts
Parent Company 15,236 15,236 0.0%
Show Business Combination Separately Recognized Transactions breakouts
Investment Banking & Equities 223,256 116,925 +90.9%
Investment Management 7,527 7,527 0.0%
Other Non-Current Assets 277,508 174,223 +59.3%
Total Assets 5,358,097 4,173,971 +28.4%
Show Business Segments breakouts
Investment Banking & Equities 5,184,718 4,022,227 +28.9%
Investment Management 173,379 151,744 +14.3%
Show Geography breakouts
Americas 3,396,905 3,496,519 -2.8%
Asia Pacific 73,651 62,958 +17.0%
EMEA 1,887,541 614,494 +207.2%
Show Consolidated Entities breakouts
Parent Company 2,695,756 2,148,587 +25.5%
Variable Interest Entity Not Primary Beneficiary 1,327 2,956 -55.1%
Variable Interest Entity Primary Beneficiary 1,269,753 581,814 +118.2%
Other Assets
Investments 16,898 18,673 -9.5%
Intangible Assets Net Excluding Goodwill 30,090
Amounts Due Pursuant To Tax Receivable Agreements 59,579 52,968 +12.5%
Show Consolidated Entities breakouts
Parent Company 59,579 52,968 +12.5%
Show Capital Units By Class breakouts
Class A LP Units 17,821
Show Related Party Transaction breakouts
Amounts Due Pursuant to Tax Receivable Agreements 59,579 52,968 +12.5%
Current Liabilities
Accrued Employee Benefits Current 1,381,322 1,024,076 +34.9%
Accounts Payable And Accrued Liabilities Current 44,562 29,041 +53.4%
Other Liabilities Current (Q)
Show Consolidated Entities breakouts
Parent Company · Nonrelated Party 6,113 3,659 +67.1%
Parent Company · Related Party 10,264 10,423 -1.5%
Show Related Party Transaction breakouts
Amounts Due for the Purchase of Evercore Wealth Management Class A Units · Related Party 770
Amounts Due in Final Distribution of Robey Warshaw [Member] · Related Party 16,914
Amounts Due Pursuant to Tax Receivable Agreements · Related Party 10,264 10,423 -1.5%
Amounts Due to U.K. Members · Related Party 55,927 37,101 +50.7%
Deferred Purchase Consideration Due to Employees (Sellers) for the Acquisition of Robey Warshaw · Related Party 96,538
Other · Related Party 1,178 970 +21.4%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 53,357 30,205 +76.6%
Related Party 181,591 48,494 +274.5%
Operating Lease Liability Current 58,666 55,253 +6.2%
Taxes Payable Current 15,942 4,781 +233.4%
Notes Payable Current 47,981 37,951 +26.4%
Show Consolidated Entities breakouts
Parent Company 47,981 37,951 +26.4%
Show Long-Term Debt Type breakouts
Senior Notes 47,981 37,951 +26.4%
Total Current Liabilities 1,783,421 1,229,801 +45.0%
Show Consolidated Entities breakouts
Parent Company 64,358 52,033 +23.7%
Deferred Revenue (Current) 5,995 3,582 +67.4%
Non-Current Liabilities
Operating Lease Liabilities 508,191 494,169 +2.8%
Deferred Tax Liabilities 4,652
Other Non-Current Liabilities 142,145 119,281 +19.2%
Total Liabilities 3,038,231 2,232,163 +36.1%
Show Consolidated Entities breakouts
Parent Company 664,180 440,945 +50.6%
Variable Interest Entity Primary Beneficiary 485,879 246,321 +97.3%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Evercore Inc. 3.33% Series H Senior Notes · Senior Notes 33,497 31,073 +7.8%
Evercore Inc. 4.34% Series E Senior Notes · Senior Notes 74,696 74,619 +0.1%
Evercore Inc. 4.44% Series F Senior Notes · Senior Notes 59,684 59,635 +0.1%
Evercore Inc. 4.54% Series G Senior Notes · Senior Notes 39,755 39,728 +0.1%
Evercore Inc. 4.61% Series J Senior Notes · Senior Notes 66,280 66,052 +0.3%
Evercore Inc. 5.17% Series K Senior Notes · Senior Notes 124,695
Evercore Inc. 5.47% Series L Senior Notes · Senior Notes 124,686
Evercore Inc. 5.48% Series C Senior Notes · Senior Notes 47,981 47,908 +0.2%
Evercore Inc. 5.58% Series D Senior Notes · Senior Notes 16,950 16,929 +0.1%
Other Liabilities
Long Term Notes Payable 540,243 335,944 +60.8%
Show Consolidated Entities breakouts
Parent Company 540,243 335,944 +60.8%
Show Long-Term Debt Type breakouts
Senior Notes 540,243 335,944 +60.8%
Stockholders' Equity
Common Stock (Q)
Show Consolidated Entities breakouts
Parent Company · Common Class A 876 848 +3.3%
Show Statement Class Of Stock breakouts
Common Class A 876 848 +3.3%
Additional Paid-In Capital 4,024,496 3,510,356 +14.6%
Show Consolidated Entities breakouts
Parent Company 4,024,496 3,510,356 +14.6%
Accumulated Other Comprehensive Income -13,128 -36,057 +63.6%
Show Consolidated Entities breakouts
Parent Company -13,128 -36,057 +63.6%
Retained Earnings 2,581,815 2,133,919 +21.0%
Show Consolidated Entities breakouts
Parent Company 2,581,815 2,133,919 +21.0%
Treasury Stock Common Value -4,562,483 -3,901,424 -16.9%
Show Consolidated Entities breakouts
Parent Company -4,562,483 -3,901,424 -16.9%
Total Stockholders' Equity 2,031,576 1,707,642 +19.0%
Show Consolidated Entities breakouts
Parent Company 2,031,576 1,707,642 +19.0%
Minority Interest 288,290 234,166 +23.1%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 2,319,866 1,941,808 +19.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -13,128 -36,057 +63.6%
Additional Paid In Capital 4,024,496 3,510,356 +14.6%
Common Stock · Common Class A 876 848 +3.3%
Noncontrolling Interest 288,290 234,166 +23.1%
Retained Earnings 2,581,815 2,133,919 +21.0%
Treasury Stock Common -4,562,483 -3,901,424 -16.9%
Total Liabilities & Equity 5,358,097 4,173,971 +28.4%
Show Consolidated Entities breakouts
Parent Company 2,695,756 2,148,587 +25.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Gain Loss On Investments -24,082 -33,682 +28.5%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -112 7,385 -101.5%
Stock-Based Compensation 675,100 569,734 +18.5%
Operating Lease Right Of Use Asset Amortization Expense 49,798 41,792 +19.2%
Depreciation Amortization And Accretion Net 10,537 -387 +2822.7%
Provision For Doubtful Accounts 5,635 2,334 +141.4%
Increase Decrease In Deferred Income Taxes 15,086 8,074 +86.8%
Show Consolidated Entities breakouts
Parent Company 18,629 22,265 -16.3%
Increase Decrease In Trading Securities 23,918 30,839 -22.4%
Change in Accounts Receivable -124,587 -54,589 -128.2%
Increase Decrease In Accounts Receivable Related Parties -4,916 -7,919 +37.9%
Increase Decrease In Other Operating Assets -131,447 6,797 -2033.9%
Show Consolidated Entities breakouts
Parent Company 5,439 11,660 -53.4%
Increase Decrease In Employee Related Liabilities 176,881 17,754 +896.3%
Increase Decrease In Accounts Payable And Accrued Liabilities 14,489 1,743 +731.3%
Increase Decrease In Accounts Payable Related Parties 16,053 5,446 +194.8%
Increase Decrease In Accrued Income Taxes Payable 11,161 -643 +1835.8%
Increase Decrease In Other Operating Liabilities -97,757 -24,264 -302.9%
Net Cash from Operations 1,256,464 988,151 +27.2%
Show Consolidated Entities breakouts
Parent Company -71,506 -63,501 -12.6%
Depreciation & Amortization 28,897 24,468 +18.1%
Deferred Income Taxes 15,086 8,074 +86.8%
Investing Activities
Payments To Acquire Other Investments -1,000 -22 -4445.5%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 1,887
Proceeds From Sale And Maturity Of Marketable Securities 3,247,890 3,066,469 +5.9%
Payments To Acquire Marketable Securities -3,310,862 -3,108,767 -6.5%
Proceeds From Sale And Maturity Of Other Investments 202,950 172,297 +17.8%
Payments To Acquire Restricted Certificates Of Deposit -177,348 -185,420 +4.4%
Cash Acquired In Excess Of Payments To Acquire Business 12,160
Payments To Acquire Productive Assets -74,002 -30,101 -145.8%
Net Cash from Investing -98,325 -67,431 -45.8%
Show Consolidated Entities breakouts
Parent Company 15,287 210,760 -92.7%
Financing Activities
Proceeds From Minority Shareholders 1,331 85 +1465.9%
Payments Of Dividends Minority Interest -30,731 -30,848 +0.4%
Payments Relatedto Tax Receivable Agreement -11,371 -11,427 +0.5%
Show Consolidated Entities breakouts
Parent Company -11,371 -11,427 +0.5%
Maturities Of Senior Debt -38,000
Show Consolidated Entities breakouts
Parent Company -38,000
Proceeds From Issuance Of Senior Long Term Debt 250,000
Show Consolidated Entities breakouts
Parent Company 250,000
Debt Issuance Costs -662
Payments For Repurchase Of Common Stock And Partnership Units -661,780 -450,530 -46.9%
Payments Of Dividends Common Stock -144,410 -135,832 -6.3%
Show Consolidated Entities breakouts
Parent Company -144,410 -135,832 -6.3%
Net Cash from Financing -635,623 -628,552 -1.1%
Show Consolidated Entities breakouts
Parent Company 56,219 -147,259 +138.2%
Supplemental
Interest Paid 19,896 16,214 +22.7%
Show Consolidated Entities breakouts
Parent Company 19,896 16,214 +22.7%
Income Taxes Paid 117,312 98,201 +19.5%
Show Consolidated Entities breakouts
Parent Company 72,092 64,121 +12.4%
Accrued Dividends 15,537 16,159 -3.8%
Show Consolidated Entities breakouts
Parent Company 15,537 16,159 -3.8%
Other Significant Noncash Transaction Value Of Consideration Given1 24,521
Shares Issued During Period Value Acquisitions 95,767
Deferred Purchase Price Payable In Shares Or Cash For Acquisitions 94,893
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1 27,906
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1 27,906
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 31,517 -15,545 +302.7%
Net Change in Cash 554,033 276,623 +100.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,436,140 882,107 +62.8%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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