One of the world's largest independent investment banking firms, Evercore helps companies buy, sell, merge, and restructure, and runs research and wealth-management arms under brands like Evercore ISI and Evercore Wealth Management. Founded in 1995 by former Treasury official Roger Altman and two partners, it was built to give conflict-free advice rather than lend or trade for its own account. Its name blends "ever" and "core" for enduring client ties and its M&A focus, though stories tying it to grain alcohol are internet jokes.
Evercore reports record Q1 2026 net revenues of $1.4 billion, up 100% year-over-year
Q1 2026 U.S. GAAP net revenues were $1,391.6 million, up 100% from $694.8 million in Q1 2025; adjusted net revenues were $1,401.5 million, up 100% from $699.9 million.
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U.S. GAAP operating income was $330.7 million (margin 23.8%), up 197% from $111.2 million; adjusted operating income was $354.5 million (margin 25.3%), up 205% from $116.3 million.
U.S. GAAP diluted EPS was $7.20, up from $3.48; adjusted diluted EPS was $7.53, up from $3.49.
Quarterly dividend increased 6% to $0.89 per share; $673.3 million returned to shareholders via dividends and 1.9 million shares repurchased at an average price of $322.00.
Advisory fees rose 123% year-over-year to $1,244.7 million (U.S. GAAP), driven by large transactions; notable deals included Warner Brothers Discovery's $110 billion sale to Paramount Skydance and Devon Energy's $58 billion merger with Coterra Energy.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Evercore appoints Christine Varney to its Board of Directors, effective March 1, 2026.
She will also join the Audit Committee and the Nominating and Corporate Governance Committee, effective March 1, 2026.
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Christine Varney was appointed to Evercore's Board of Directors, effective March 1, 2026, with a term expiring at the 2026 annual meeting.
Varney will receive a one-time RSU award valued at $50,000, vesting on the second anniversary of the grant, plus standard non-management director compensation.
The Board size will increase from ten to eleven directors, effective March 1, 2026.
Varney recently retired from Cravath's Litigation Department, where she chaired the Antitrust Practice, and previously served as DOJ Assistant Attorney General and FTC Commissioner.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Evercore agrees to acquire UK advisory firm Robey Warshaw for £146 million in stock and cash
On July 29, 2025, Evercore LP, a subsidiary of Evercore Inc., entered a definitive agreement to acquire Robey Warshaw, a UK-based independent advisory firm founded in 2013.
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Upfront consideration is £146,062,500 (approximately $196 million), with £71,250,000 ($96 million) payable in Common Stock at closing and £74,812,500 ($100 million) payable on the first anniversary in stock and/or cash.
Potential contingent consideration may be paid based on performance thresholds over a multi-year period, payable between closing and shortly after the sixth anniversary.
The transaction is expected to close at the beginning of Q4 2025 and is subject to customary closing conditions; shares issued will rely on Section 4(a)(2) registration exemption.
Evercore expects the acquisition to be accretive to Adjusted and GAAP EPS in the first full year together.
3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Evercore reports record Q2 2025 net revenues of $833.8M, up 21% year-over-year
Q2 2025 U.S. GAAP net income attributable to Evercore Inc. was $97.2 million, or $2.36 diluted EPS, versus $73.8 million, or $1.81 diluted EPS, in Q2 2024.
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Q2 2025 U.S. GAAP net revenues were $833.8 million, up 21% from $689.2 million in Q2 2024; adjusted net revenues were $838.9 million, up 21%.
Q2 2025 U.S. GAAP operating income was $150.4 million (18.0% margin), up 39% from $108.2 million (15.7% margin) in Q2 2024.
Evercore announced an agreement to acquire Robey Warshaw, an independent advisory firm headquartered in the UK.
Evercore declared a quarterly dividend of $0.84 per share and returned $532.1 million to shareholders in the first half of 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits