Earnings Releases·Oct 28, 2026, 6:45 AM ET

Evercore — Third Quarter 2026 Earnings Summary

Q3 2026 Net Revenues grew 12% to $1,168.6 million (U.S. GAAP) and 13% to $1,178.2 million (Adjusted) year-over-year, while YTD Net Revenues surged 38% to $3,550.4 million (U.S. GAAP) and $3,579.2 million (Adjusted), driven by 14% and 27% Q3 growth in Advisory and Underwriting fees, respectively.
The company returned $1.0 billion to shareholders in the first nine months of 2026 via dividends and share repurchases, including $886.0 million in YTD buybacks and a declared quarterly dividend of $0.89 per share.
Strategic expansion continued with the appointment of Nigel Dawn and Naveen Nataraj as Co-Presidents effective January 1, 2027, the addition of former Verizon CEO Hans Vestberg as Senior Advisor, and the hiring of 14 Senior Managing Directors in the Investment Banking franchise YTD.
Balance sheet strength was maintained with $1.2 billion in cash and cash equivalents and current assets exceeding current liabilities by $2.0 billion as of September 30, 2026, while Assets Under Management rose 5% to $16.18 billion.