Evercore Partners Stock Earnings Reports

Evercore reported a record first quarter 2026 driven by broad-based strength across its advisory, equities, wealth and private capital businesses. Adjusted firm-wide net revenues were ~$1.4 billion (up 100% YoY and +8% sequentially), adjusted operating income was $354 million, and adjusted EPS was $7.53. Performance was fueled by an unusually large number of big transaction closings (including several large-cap strategic deals), strong North America and EMEA advisory results, record quarters for PCA, PFG, Equities and Wealth Management, and continued momentum in ECM and private funds activity. The firm is continuing to invest in talent (now 182 SMDs in investment banking with additional hires ramping) and technology/operations, which contributed to higher non-compensation spend. The adjusted compensation ratio improved versus prior periods but management expects smaller incremental improvement going forward given tougher comps and competitive talent dynamics. Balance-sheet highlights: cash and investment securities near $2 billion and a record $673 million returned to shareholders in the quarter via share repurchases (~1.9 million shares) and dividends; dividend raised 6%. Management reiterated that results are lumpy by quarter (driven by timing of large deal closings), remains constructive on M&A and sees AI as both an industry-level value driver and an internal productivity opportunity, but flagged ongoing macro/geopolitical uncertainty as a risk to timing. Investors should note the strong topline momentum, continued capital returns, disciplined but active hiring strategy, and the potential for quarter-to-quarter variability driven by large fees and deal timing.