Evercore Inc.
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue (FY) | — | — | — |
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| 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% |
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| 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% |
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| Parent Company | 22,324 | 16,768 | +33.1% |
| Revenue | 3,880,084 | 2,996,361 | +29.5% |
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| Parent Company | 22,324 | 16,768 | +33.1% |
| Interest Expense | 24,264 | 16,768 | +44.7% |
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| Parent Company | 22,324 | 16,768 | +33.1% |
| Revenues Net Of Interest Expense | 3,855,820 | 2,979,593 | +29.4% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| Investment Banking & Equities | 10,654 | 11,487 | -7.3% |
| Investment Management | 1,845 | 1,724 | +7.0% |
| Business Combination Acquisition Related Costs | 9,858 | — | — |
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| Investment Banking & Equities | 9,858 | — | — |
| Other Cost And Expense Operating | 56,468 | 46,060 | +22.6% |
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| 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% |
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| 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% |
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| Investment Banking & Equities | 6 | 1,073 | -99.4% |
| Investment Management | 3,866 | 5,158 | -25.0% |
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| Atalanta Sosnoff | 3,866 | 3,127 | +23.6% |
| Seneca Evercore | 6 | 290 | -97.9% |
| Income Before Taxes | 793,814 | 533,145 | +48.9% |
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| 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% |
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| Parent Company | 96,161 | 97,982 | -1.9% |
| Net Income | 640,707 | 417,737 | +53.4% |
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| Noncontrolling Interest | 48,785 | 39,458 | +23.6% |
| Retained Earnings | 591,922 | 378,279 | +56.5% |
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| Parent Company | 591,922 | 378,279 | +56.5% |
| Net Income Loss Attributable To Noncontrolling Interest | 48,785 | 39,458 | +23.6% |
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| 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% |
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| Common Class A | 38,712 | 38,365 | +0.9% |
| Wtd Avg Shares (Diluted) | 42,131 | 41,646 | +1.2% |
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| Common Class A | 42,131 | 41,646 | +1.2% |
| EPS (Basic) | 15.29 | 9.86 | +55.1% |
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| Common Class A | 15.29 | 9.86 | +55.1% |
| EPS (Diluted) | 14.05 | 9.08 | +54.7% |
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| Common Class A | 14.05 | 9.08 | +54.7% |
| Interest Expense (FY) | — | — | — |
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| EWM | 539 | — | — |
| Comprehensive Income | 614,851 | 368,760 | +66.7% |
| Net Income Loss Available To Common Stockholders Basic (FY) | — | — | — |
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| Common Class A | 591,922 | 378,279 | +56.5% |
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% |
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| 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% |
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| 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% |
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| 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% |
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| Parent Company | 15,236 | 15,236 | 0.0% |
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| 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% |
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| Investment Banking & Equities | 5,184,718 | 4,022,227 | +28.9% |
| Investment Management | 173,379 | 151,744 | +14.3% |
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| 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% |
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| 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% |
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| Parent Company | 59,579 | 52,968 | +12.5% |
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| Class A LP Units | 17,821 | — | — |
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| 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) | — | — | — |
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| Parent Company · Nonrelated Party | 6,113 | 3,659 | +67.1% |
| Parent Company · Related Party | 10,264 | 10,423 | -1.5% |
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| 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% |
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| 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% |
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| Parent Company | 47,981 | 37,951 | +26.4% |
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| Senior Notes | 47,981 | 37,951 | +26.4% |
| Total Current Liabilities | 1,783,421 | 1,229,801 | +45.0% |
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| 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% |
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| Parent Company | 664,180 | 440,945 | +50.6% |
| Variable Interest Entity Primary Beneficiary | 485,879 | 246,321 | +97.3% |
| Long-Term Debt (Q) | — | — | — |
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| 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% |
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| Parent Company | 540,243 | 335,944 | +60.8% |
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| Senior Notes | 540,243 | 335,944 | +60.8% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
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| Parent Company · Common Class A | 876 | 848 | +3.3% |
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| Common Class A | 876 | 848 | +3.3% |
| Additional Paid-In Capital | 4,024,496 | 3,510,356 | +14.6% |
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| Parent Company | 4,024,496 | 3,510,356 | +14.6% |
| Accumulated Other Comprehensive Income | -13,128 | -36,057 | +63.6% |
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| Parent Company | -13,128 | -36,057 | +63.6% |
| Retained Earnings | 2,581,815 | 2,133,919 | +21.0% |
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| Parent Company | 2,581,815 | 2,133,919 | +21.0% |
| Treasury Stock Common Value | -4,562,483 | -3,901,424 | -16.9% |
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| Parent Company | -4,562,483 | -3,901,424 | -16.9% |
| Total Stockholders' Equity | 2,031,576 | 1,707,642 | +19.0% |
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| 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% |
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| 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% |
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| Parent Company | 2,695,756 | 2,148,587 | +25.5% |
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% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| Parent Company | -11,371 | -11,427 | +0.5% |
| Maturities Of Senior Debt | -38,000 | — | — |
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| Parent Company | -38,000 | — | — |
| Proceeds From Issuance Of Senior Long Term Debt | 250,000 | — | — |
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| 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% |
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| Parent Company | -144,410 | -135,832 | -6.3% |
| Net Cash from Financing | -635,623 | -628,552 | -1.1% |
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| Parent Company | 56,219 | -147,259 | +138.2% |
| Supplemental | |||
| Interest Paid | 19,896 | 16,214 | +22.7% |
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| Parent Company | 19,896 | 16,214 | +22.7% |
| Income Taxes Paid | 117,312 | 98,201 | +19.5% |
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| Parent Company | 72,092 | 64,121 | +12.4% |
| Accrued Dividends | 15,537 | 16,159 | -3.8% |
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| 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.