Evercore Inc. is a global independent investment banking advisory firm founded in 1995 that specializes in strategic financial advisory services including mergers and acquisitions, restructurings, and divestitures. Under the leadership of CEO Ralph Schlosstein, the firm has built a strong reputation by delivering high-value advisory and asset management services to a diverse client base. Its independent business model consistently ranks it among the top global advisors in multibillion-dollar transactions. Strategic investments in technology and service expansion further position Evercore for robust future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Transaction-Based Revenues
3,776,780
2,891,270
2,344,700
2,786,280
Other Revenues
103,309
105,094
97,963
(7,378)
Total Revenues
3,880,080
2,996,360
2,442,670
2,778,900
Cost of Sales
2,513,330
1,987,250
1,669,150
1,707,860
Gross Profit
1,366,750
1,009,110
773,516
1,071,030
Selling, General & Administrative Expenses
453,662
387,599
329,260
299,550
Depreciation & Amortization Expenses
32,557
24,468
24,348
27,713
Other Operating Expenses
66,326
53,365
44,056
30,879
Operating Profit
814,206
543,682
375,852
712,892
Interest and Investment Income
3,872
6,231
6,655
7,999
Interest Expense
(24,264)
(16,768)
(16,717)
(16,850)
Total Non-Operating Income
(20,392)
(10,537)
(10,062)
(8,851)
Income Before Provision for Income Taxes
793,814
533,145
365,790
704,041
Provision for Income Taxes
153,107
115,408
80,567
172,626
Consolidated Net Income
640,707
417,737
285,223
531,415
Net Income Attributable to Minority Interests and Other
48,785
39,458
29,744
54,895
Net Income Attributable to Common Shareholders
591,922
378,279
255,479
476,520
Basic EPS
15.29
9.86
6.71
12.15
Diluted EPS
14.05
9.08
6.37
11.61
Basic Weighted Average Shares Outstanding
38,712
38,365
38,101
39,220
Diluted Weighted Average Shares Outstanding
42,131
41,646
40,099
41,044
Shares Outstanding
38,523
38,116
37,774
38,347
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,426,020
873,045
596,878
663,400
Short-Term Investments
1,580,640
1,519,380
1,436,880
1,432,720
Total Cash and Cash Equivalents
3,006,660
2,392,430
2,033,760
2,096,120
Accounts Receivable
555,812
421,502
371,606
385,131
Other Receivables
63,434
33,566
25,746
21,914
Other Current Assets
232,337
140,407
174,104
203,570
Total Current Assets
3,858,240
2,987,900
2,605,220
2,706,730
Net Property, Plant & Equipment
647,216
584,214
516,068
380,829
Net Intangible Assets
30,090
—
—
—
Goodwill
230,783
124,452
125,493
123,285
Long-Term Investments
16,898
18,673
43,419
43,047
Other Long-Term Assets
574,869
458,731
413,101
367,031
Total Assets
5,358,100
4,173,970
3,703,300
3,620,920
Accounts Payable
44,562
29,041
25,989
28,807
Accrued Expenses
1,381,320
1,024,080
763,160
918,489
Current Portion of Long-Term Debt
47,981
37,951
—
—
Current Portion of Leases
58,666
55,253
36,259
37,968
Other Current Liabilities
250,890
83,480
84,651
85,272
Total Current Liabilities
1,783,420
1,229,800
910,059
1,070,540
Long-Term Debt
540,243
335,944
373,885
371,774
Leases
508,191
494,169
434,247
278,078
Other Long-Term Liabilities
206,376
172,249
202,617
174,117
Total Long-Term Liabilities
1,254,810
1,002,360
1,010,750
823,969
Total Liabilities
3,038,230
2,232,160
1,920,810
1,894,510
Common Stock
876
848
821
797
Treasury Stock
(4,562,480)
(3,901,420)
(3,453,200)
(3,065,920)
Additional Paid-in Capital
4,024,500
3,510,360
3,163,200
2,861,780
Accumulated Other Comprehensive Income
(13,128)
(36,057)
(26,538)
(27,942)
Retained Earnings
2,581,820
2,133,920
1,892,660
1,768,100
Total Common Shareholders' Equity
2,031,580
1,707,640
1,576,930
1,536,810
Minority Interests and Other
288,290
234,166
205,556
189,607
Total Shareholders' Equity
2,319,870
1,941,810
1,782,490
1,726,420
Total Liabilities and Shareholders' Equity
5,358,100
4,173,970
3,703,300
3,620,920
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
640,707
417,737
285,223
531,415
Depreciation & Amortization
10,537
(387)
2,388
28,651
Share-Based Compensation Expense
675,100
569,734
515,381
467,339
Other Adjustments
46,325
25,903
9,955
65,688
Changes in Trading Assets
23,918
30,839
11,635
(1,777)
Changes in Trade Receivables
(124,587)
(54,589)
11,273
(46,084)
Changes in Accounts Payable
14,489
1,743
(966)
(1,093)
Changes in Accrued Expenses
176,881
17,754
(325,732)
(353,201)
Changes in Income Taxes Payable
11,161
(643)
(4,557)
(11,138)
Changes in Other Operating Activities
(218,067)
(19,940)
(46,646)
(148,424)
Cash from Operating Activities
1,256,460
988,151
457,954
531,376
Capital Expenditure
(74,002)
(30,101)
(20,048)
(23,187)
Purchases of Investments
(3,489,210)
(3,294,190)
(3,420,930)
(3,123,500)
Proceeds from Sale of Investments
3,452,730
3,256,860
3,456,600
3,459,990
Payments for Business Acquisitions
12,160
—
—
—
Cash from Investing Activities
(98,325)
(67,431)
15,621
313,303
Issuance of Long-Term Debt
250,000
—
—
67,000
Repayments of Long-Term Debt
(38,000)
—
—
(67,000)
Net Issuance / (Repayments) of Long-Term Debt
212,000
—
—
0
Repurchases of Common Shares
(661,780)
(450,530)
(391,964)
(550,293)
Net Issuance / (Repurchases) of Common Shares
(661,780)
(450,530)
(391,964)
(550,293)
Common Share Dividends Paid
(144,410)
(135,832)
(127,864)
(127,257)
Other Financing Activities
(41,433)
(42,190)
(37,403)
(58,018)
Cash from Financing Activities
(635,623)
(628,552)
(557,231)
(735,568)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
31,517
(15,545)
17,017
(24,281)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash