8-K ·Filed Jul 29, 2026

EVR

Evercore Inc.
BEARISH
Impact 6/10
Horizondays Processed2mo ago SEC0001628280-26-050373
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish

The EPS miss and GAAP operating income decline, despite record revenue, signal margin pressure from rising costs and a $21.3M special charge. Monitor the Q3 earnings call for guidance on cost trajectory and the M&A pipeline's ability to sustain revenue momentum. The stock may face near-term selling pressure as the market digests the sequential deceleration from Q1's record results.

DirectionBearish
Confidencehigh
Horizondays
Latest settled — T+20d
EVR ▼ -4.36% at T+20d
SHORT call ✓ call won +4.36% · α vs SPY +9.38% · entry $304.71 → $291.42
Next anchor: T+60d in 20d
Latest observation: T+44 +15.69% FF3 residual α
Entry anchored
Jul 29, 06:42 AM ET
via exchange tick
T+1d
+2.68%
call -2.68% · α -1.00%
$312.87
settled 2mo ago
T+5d
+4.62%
call -4.62% · α +0.91%
$318.78
settled 8w ago
T+20d
-4.36%
call +4.36% · α +9.38%
$291.42
settled 5w ago
T+60d
—
call — · α —
—
in 20d

Price Chart

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Executive Summary

Evercore reported Q2 2026 GAAP diluted EPS of $2.32 and Adjusted diluted EPS of $2.91, missing the consensus estimate of $3.03. Net revenues of $990.2M (GAAP) / $999.5M (Adjusted) grew 19% YoY, driven by a 201% surge in underwriting fees and record advisory revenue, but operating income declined 2.6% YoY on a GAAP basis due to higher compensation and non-compensation costs, plus a $21.3M special charge for non-U.S. employment taxes. The sequential deceleration from a record Q1 and the EPS miss are likely to weigh on the stock near-term, despite the strong year-over-year revenue growth and robust M&A pipeline.

Key Financial Metrics

EPS
$2.91
est $3.03 · -4.0%
Revenue
$999.5M
est $985.0M · +1.5% · +19.0% YoY
Rating
miss

Key Facts

  • Q2 2026 GAAP diluted EPS of $2.32 vs consensus $3.03 (miss).
  • Q2 2026 Adjusted diluted EPS of $2.91 vs consensus $3.03 (miss).
  • Q2 2026 GAAP net revenues of $990.2M, up 19% YoY from $833.8M.
  • Advisory fees rose 11% YoY to $775.6M; underwriting fees surged 201% to $97.1M.
  • GAAP operating income fell 2.6% YoY to $146.6M; operating margin contracted to 14.8% from 18.0%.
  • Recorded a $21.3M special charge for non-U.S. employment taxes.
  • Quarterly dividend maintained at $0.89 per share; returned $822.9M to shareholders YTD via dividends and buybacks.
  • Record first-half net revenues of $2.4B, up 56% YoY.

Financial Impact

EPS miss of ~$0.12 (Adjusted) vs consensus on a $13.2B market cap, with GAAP operating income declining YoY despite 19% revenue growth.

epsoperatingIncomeoperatingMargin

Risk Factors

  • Compensation ratio may remain elevated if revenue growth slows, pressuring margins.
  • Special charges for non-U.S. employment taxes could recur or increase.
  • M&A advisory revenue is lumpy and dependent on large deal closings; pipeline visibility is limited.

Market Snapshot

Exchange
NYSE
Sector
Investment Advice
Analyst Consensus
67% bullish (15 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001628280-26-050373
Document: evr-20260729.htm0001628280-26-050373
Document: 0001628280-26-050373-index-headers.html0001628280-26-050373
Document: 0001628280-26-050373-index.html0001628280-26-050373
Document: 0001628280-26-050373.txt0001628280-26-050373
8-K Data (Synthetic)0001628280-26-050373
3 reports for EVR
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for EVR — sortable, filterable
TypeNow
Jul 29, 2026
9w ago
8-K
BEARISH ★ 6/10
$304.71 $291.42▲ +4.36%▲ +9.38%$261.68 (+14.12%)
May 26, 2026
18w ago
DEFA14A
NEUTRAL ★ 3/10
$341.65 $347.31▲ +1.66%▲ +3.56%$261.68 (−23.41%)
Apr 29, 2026
22w ago
8-K
BULLISH ★ 8/10
$323.31 $346.03▲ +7.03%▲ +0.98%$261.68 (−19.06%)
Showing 3 of 3

US Market Status

Market Closed — Opens Mon (64h 37m)

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