Evercore Inc.
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue (Q) | — | — | — |
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| Advisory Fees · Investment Banking & Equities | 1,244,739 | 557,349 | +123.3% |
| Asset Management1 · Investment Management | 22,643 | 20,983 | +7.9% |
| Commissions and Related Revenue · Investment Banking & Equities | 62,658 | 55,110 | +13.7% |
| Underwriting Fees · Investment Banking & Equities | 55,068 | 54,255 | +1.5% |
| Wealth Management · Investment Management | 22,643 | 20,983 | +7.9% |
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| Investment Banking & Equities | 1,362,465 | 666,714 | +104.4% |
| Investment Management | 22,643 | 20,983 | +7.9% |
| Other Income | 15,361 | 11,325 | +35.6% |
| Revenue | 1,400,469 | 699,022 | +100.3% |
| Interest Expense | 8,891 | 4,193 | +112.0% |
| Revenues Net Of Interest Expense | 1,391,578 | 694,829 | +100.3% |
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| Investment Banking & Equities | 1,368,750 | 674,532 | +102.9% |
| Investment Management | 22,828 | 20,297 | +12.5% |
| Labor And Related Expense | 904,070 | 459,825 | +96.6% |
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| Investment Banking & Equities | 889,154 | 448,029 | +98.5% |
| Investment Management | 14,916 | 11,796 | +26.4% |
| Occupancy Net | 27,065 | 25,731 | +5.2% |
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| Investment Banking & Equities | 26,438 | 25,103 | +5.3% |
| Investment Management | 627 | 628 | -0.2% |
| Professional Fees | 28,355 | 22,390 | +26.6% |
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| Investment Banking & Equities | 27,539 | 21,144 | +30.2% |
| Investment Management | 816 | 1,246 | -34.5% |
| Travel And Entertainment Expense | 27,871 | 22,018 | +26.6% |
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| Investment Banking & Equities | 27,607 | 21,811 | +26.6% |
| Investment Management | 264 | 207 | +27.5% |
| Communications And Information Technology | 40,418 | 33,367 | +21.1% |
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| Investment Banking & Equities | 38,959 | 32,252 | +20.8% |
| Investment Management | 1,459 | 1,115 | +30.9% |
| Depreciation And Amortization | 12,438 | 5,976 | +108.1% |
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| Investment Banking & Equities | 12,286 | 5,893 | +108.5% |
| Investment Management | 152 | 83 | +83.1% |
| Floor Brokerage Exchange And Clearance Fees | 3,187 | 3,346 | -4.8% |
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| Investment Banking & Equities | 2,700 | 2,883 | -6.3% |
| Investment Management | 487 | 463 | +5.2% |
| Business Combination Acquisition Related Costs | 1,800 | — | — |
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| Investment Banking & Equities | 1,800 | — | — |
| Other Cost And Expense Operating | 15,648 | 10,992 | +42.4% |
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| Investment Banking & Equities | 15,327 | 10,688 | +43.4% |
| Investment Management | 321 | 304 | +5.6% |
| Operating Expenses | 1,060,852 | 583,645 | +81.8% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 330,726 | 111,184 | +197.5% |
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| Investment Banking & Equities | 326,940 | 106,729 | +206.3% |
| Investment Management | 3,786 | 4,455 | -15.0% |
| Income Loss From Equity Method Investments | 1,051 | 879 | +19.6% |
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| Investment Banking & Equities | 8 | -38 | +121.1% |
| Investment Management | 1,043 | 917 | +13.7% |
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| Atalanta Sosnoff | 1,043 | 917 | +13.7% |
| Seneca Evercore | 8 | -38 | +121.1% |
| Income Before Taxes | 331,777 | 112,063 | +196.1% |
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| Investment Banking & Equities | 326,948 | 106,691 | +206.4% |
| Investment Management | 4,829 | 5,372 | -10.1% |
| Income Tax Expense (Benefit) | 9,056 | -41,727 | +121.7% |
| Net Income | 322,721 | 153,790 | +109.8% |
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| Noncontrolling Interest | 21,486 | 7,606 | +182.5% |
| Retained Earnings | 301,235 | 146,184 | +106.1% |
| Net Income Loss Attributable To Noncontrolling Interest | 21,486 | 7,606 | +182.5% |
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| Noncontrolling Interest | 21,486 | 7,606 | +182.5% |
| Net Income | 301,235 | 146,184 | +106.1% |
| Income Loss From Continuing Operations | 301,235 | 146,184 | +106.1% |
| Wtd Avg Shares (Basic) | 38,969 | 38,718 | +0.6% |
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| Common Class A | 38,969 | 38,718 | +0.6% |
| Wtd Avg Shares (Diluted) | 41,850 | 42,058 | -0.5% |
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| Common Class A | 41,850 | 42,058 | -0.5% |
| EPS (Basic) | 7.73 | 3.78 | +104.5% |
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| Common Class A | 7.73 | 3.78 | +104.5% |
| EPS (Diluted) | 7.2 | 3.48 | +106.9% |
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| Common Class A | 7.2 | 3.48 | +106.9% |
| Interest Expense (Q) | — | — | — |
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| Evercore Wealth Management ("EWM") | 113 | — | — |
| Comprehensive Income | 291,164 | 154,031 | +89.0% |
| Net Income Loss Available To Common Stockholders Basic (Q) | — | — | — |
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| Common Class A | 301,235 | 146,184 | +106.1% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 985,987 | 552,954 | +78.3% |
| Short-Term Investments | 1,035,030 | 811,459 | +27.6% |
| Accounts Receivable Net | 546,568 | 469,147 | +16.5% |
| Other Receivables Net Current | 74,661 | 37,856 | +97.2% |
| Other Assets Current | 168,311 | 174,638 | -3.6% |
| Total Current Assets | 2,810,557 | 2,046,054 | +37.4% |
| Non-Current Assets | |||
| Deferred Tax Assets | 307,412 | 282,470 | +8.8% |
| Operating Lease Right-of-Use Assets | 448,973 | 445,606 | +0.8% |
| Property, Plant & Equipment | 187,075 | 161,204 | +16.0% |
| Goodwill | 227,412 | 125,996 | +80.5% |
| Other Non-Current Assets | 290,232 | 192,880 | +50.5% |
| Total Assets | 4,314,273 | 3,271,115 | +31.9% |
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| Investment Banking & Equities | 4,186,844 | 3,178,276 | +31.7% |
| Investment Management | 127,429 | 92,839 | +37.3% |
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| Americas | 2,570,493 | 2,714,896 | -5.3% |
| Asia Pacific | 66,270 | 52,921 | +25.2% |
| EMEA | 1,677,510 | 503,298 | +233.3% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Not Primary Beneficiary | 1,327 | 1,434 | -7.5% |
| Variable Interest Entity Primary Beneficiary | 1,133,162 | 477,865 | +137.1% |
| Other Assets | |||
| Investments | 16,741 | 16,905 | -1.0% |
| Intangible Assets Net Excluding Goodwill | 25,871 | — | — |
| Amounts Due Pursuant To Tax Receivable Agreements | 60,450 | 53,616 | +12.7% |
| Current Liabilities | |||
| Accrued Employee Benefits Current | 653,329 | 316,383 | +106.5% |
| Accounts Payable And Accrued Liabilities Current | 39,061 | 41,375 | -5.6% |
| Other Liabilities Current (Q) | — | — | — |
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| Nonrelated Party | 54,085 | 38,701 | +39.8% |
| Related Party | 200,489 | 86,295 | +132.3% |
| Operating Lease Liability Current | 61,111 | 58,735 | +4.0% |
| Taxes Payable Current | 8,025 | 2,017 | +297.9% |
| Total Current Liabilities | 1,016,100 | 629,404 | +61.4% |
| Deferred Revenue (Current) | 22,648 | 6,676 | +239.2% |
| Non-Current Liabilities | |||
| Operating Lease Liabilities | 497,434 | 499,595 | -0.4% |
| Deferred Tax Liabilities | 4,056 | — | — |
| Other Non-Current Liabilities | 107,883 | 47,688 | +126.2% |
| Total Liabilities | 2,225,672 | 1,519,460 | +46.5% |
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| Variable Interest Entity Primary Beneficiary | 342,720 | 149,003 | +130.0% |
| Long-Term Debt (Q) | — | — | — |
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| Evercore Inc. 3.33% Series H Senior Notes · Senior Notes | 32,878 | 32,096 | +2.4% |
| Evercore Inc. 4.34% Series E Senior Notes · Senior Notes | 74,715 | 74,638 | +0.1% |
| Evercore Inc. 4.44% Series F Senior Notes · Senior Notes | 59,696 | 59,647 | +0.1% |
| Evercore Inc. 4.54% Series G Senior Notes · Senior Notes | 39,761 | 39,735 | +0.1% |
| Evercore Inc. 4.61% Series J Senior Notes · Senior Notes | 66,338 | 66,107 | +0.3% |
| Evercore Inc. 5.17% Series K Senior Notes · Senior Notes | 124,710 | — | — |
| Evercore Inc. 5.47% Series L Senior Notes · Senior Notes | 124,696 | — | — |
| Evercore Inc. 5.58% Series D Senior Notes · Senior Notes | 16,955 | 16,934 | +0.1% |
| Other Liabilities | |||
| Long Term Notes Payable | 539,749 | 289,157 | +86.7% |
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| Senior Notes | 539,749 | 289,157 | +86.7% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
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| Common Class A | 897 | 869 | +3.2% |
| Additional Paid-In Capital | 4,141,883 | 3,596,161 | +15.2% |
| Accumulated Other Comprehensive Income | -23,199 | -28,210 | +17.8% |
| Retained Earnings | 2,846,337 | 2,245,124 | +26.8% |
| Treasury Stock Common Value | -5,183,832 | -4,307,384 | -20.3% |
| Total Stockholders' Equity | 1,782,086 | 1,506,560 | +18.3% |
| Minority Interest | 306,515 | 245,095 | +25.1% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 2,088,601 | 1,751,655 | +19.2% |
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| Accumulated Other Comprehensive Income | -23,199 | -28,210 | +17.8% |
| Additional Paid In Capital | 4,141,883 | 3,596,161 | +15.2% |
| Common Stock · Common Class A | 897 | 869 | +3.2% |
| Noncontrolling Interest | 306,515 | 245,095 | +25.1% |
| Retained Earnings | 2,846,337 | 2,245,124 | +26.8% |
| Treasury Stock Common | -5,183,832 | -4,307,384 | -20.3% |
| Total Liabilities & Equity | 4,314,273 | 3,271,115 | +31.9% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Gain Loss On Investments | 8,573 | 7,120 | +20.4% |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | 85 | 87 | -2.3% |
| Stock-Based Compensation | 195,777 | 148,425 | +31.9% |
| Operating Lease Right Of Use Asset Amortization Expense | 14,003 | 12,209 | +14.7% |
| Depreciation Amortization And Accretion Net | 13,706 | 2,565 | +434.3% |
| Provision For Doubtful Accounts | -97 | 2,590 | -103.7% |
| Increase Decrease In Deferred Income Taxes | -1,054 | 791 | -233.2% |
| Increase Decrease In Trading Securities | 5,734 | 6,443 | -11.0% |
| Change in Accounts Receivable | 7,100 | -47,143 | +115.1% |
| Increase Decrease In Accounts Receivable Related Parties | -11,827 | -4,160 | -184.3% |
| Increase Decrease In Other Operating Assets | 48,995 | -51,284 | +195.5% |
| Increase Decrease In Employee Related Liabilities | -756,376 | -752,903 | -0.5% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -7,006 | 9,308 | -175.3% |
| Increase Decrease In Accounts Payable Related Parties | 21,632 | 35,727 | -39.5% |
| Increase Decrease In Accrued Income Taxes Payable | -7,917 | -2,764 | -186.4% |
| Increase Decrease In Other Operating Liabilities | -79,912 | -70,454 | -13.4% |
| Net Cash from Operations | -225,863 | -549,653 | +58.9% |
| Investing Activities | |||
| Proceeds From Sale And Maturity Of Marketable Securities | 1,440,079 | 1,043,959 | +37.9% |
| Payments To Acquire Marketable Securities | -749,409 | -395,187 | -89.6% |
| Proceeds From Sale And Maturity Of Other Investments | 40,578 | 49,434 | -17.9% |
| Payments To Acquire Restricted Certificates Of Deposit | -203,618 | — | — |
| Payments To Acquire Productive Assets | -3,103 | -19,660 | +84.2% |
| Net Cash from Investing | 524,527 | 679,761 | -22.8% |
| Financing Activities | |||
| Payments Of Dividends Minority Interest | -11,633 | -8,365 | -39.1% |
| Payments Relatedto Tax Receivable Agreement | -667 | -597 | -11.7% |
| Maturities Of Senior Debt | -48,000 | — | — |
| Payments For Repurchase Of Common Stock And Partnership Units | -621,349 | -405,674 | -53.2% |
| Payments Of Dividends Common Stock | -49,790 | -46,452 | -7.2% |
| Net Cash from Financing | -731,439 | -460,857 | -58.7% |
| Supplemental | |||
| Interest Paid | 1,797 | 1,790 | +0.4% |
| Income Taxes Paid | 43,470 | 27,107 | +60.4% |
| Accrued Dividends | 3,723 | 3,763 | -1.1% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -7,273 | 11,382 | -163.9% |
| Net Change in Cash | -440,048 | -319,367 | -37.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 996,092 | 562,740 | +77.0% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.