Evercore's record Q1 reflects a powerful M&A advisory cycle. With a strong pipeline of announced mega-deals (Warner Bros/Paramount, Devon/Coterra) and continued hiring, the momentum appears durable. Monitor Q2 advisory fee trajectory and the pace of SMD hiring for signs of sustainability. The 6% dividend increase signals management confidence.
Price Chart
Executive Summary
Evercore reported record Q1 2026 net revenues of $1.39B (GAAP), up 100% YoY, driven by a 123% surge in advisory fees. GAAP diluted EPS of $7.20 more than doubled from $3.48 a year ago, while the company increased its quarterly dividend by 6% to $0.89/share. The results reflect exceptional M&A advisory momentum and broad-based strength across the franchise.
Key Financial Metrics
Key Facts
- Record Q1 2026 GAAP net revenues of $1.39B, up 100% YoY from $694.8M
- GAAP diluted EPS of $7.20, up 107% from $3.48 in Q1 2025
- Advisory fees of $1.24B, up 123% YoY, driven by large transactions
- Operating margin expanded to 23.8% (GAAP) from 16.0% a year ago
- Quarterly dividend increased 6% to $0.89 per share
- Returned $673.3M to shareholders via dividends and buybacks in Q1
- Headcount grew to ~2,635 employees, up from ~2,395 a year ago
- Cash and equivalents of $986M with strong balance sheet
Financial Impact
Q1 2026 GAAP net revenues of $1.39B (up 100% YoY), GAAP diluted EPS of $7.20 (up 107% YoY), adjusted diluted EPS of $7.53 (up 116% YoY)
Risk Factors
- M&A advisory revenue is inherently lumpy and dependent on deal closings
- Compensation ratio of 65% remains elevated, pressuring operating leverage
- Tax rate benefit from share-price appreciation is non-recurring in nature
- Elevated share buyback activity ($673M in Q1) reduces share count but may not be sustainable
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028098 |
| Document: evr-20260429.htm | 0001628280-26-028098 |
| Document: 0001628280-26-028098-index-headers.html | 0001628280-26-028098 |
| Document: 0001628280-26-028098-index.html | 0001628280-26-028098 |
| Document: 0001628280-26-028098.txt | 0001628280-26-028098 |
| 8-K Data (Synthetic) | 0001628280-26-028098 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $304.71 $291.42 | ▲ +4.36% | ▲ +9.38% | $261.68 (+14.12%) |
May 26, 2026 18w ago | DEFA14A | $341.65 $347.31 | ▲ +1.66% | ▲ +3.56% | $261.68 (−23.41%) |
Apr 29, 2026 22w ago | 8-K | $323.31 $346.03 | ▲ +7.03% | ▲ +0.98% | $261.68 (−19.06%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access