Evercore reported record third-quarter revenue, with growth in both reported and adjusted results, and declared a quarterly dividend of $0.89 per share. The investment bank said revenue records have now extended to six consecutive quarters, while year-to-date revenue rose 38% from 2025.
The results cover the three and nine months ended September 30, 2026. Evercore also highlighted advisory work on several large transactions, including deals in industrials, aviation, real estate and artificial intelligence infrastructure.
Key financial results
- Third-quarter revenue was $1.17 billion under U.S. GAAP and $1.18 billion on an adjusted basis, up about 12% from the year-earlier quarter on either measure.
- Third-quarter operating income was $242.6 million under GAAP and $269.7 million adjusted. Adjusted operating income increased 18% from $227.9 million a year earlier.
- Net income attributable to Evercore was $160.8 million under GAAP and $186.1 million adjusted, compared with $144.6 million and $155.5 million, respectively, in the third quarter of 2025.
- Diluted earnings per share were $3.93 under GAAP and $4.28 adjusted, versus $3.41 and $3.48 a year earlier.
- The GAAP operating margin was 20.8%, unchanged from a year ago; the adjusted margin was 22.9%, compared with 21.8%.
- Year-to-date revenue reached $3.55 billion under GAAP and $3.58 billion adjusted, up 38% on both bases from the first nine months of 2025.
- Year-to-date operating income was $719.9 million under GAAP and $813.9 million adjusted. Operating margins improved to 20.3% and 22.7%, respectively, from 18.6% and 19.4% a year earlier.
- The compensation ratio was 64.1% under GAAP and 63.0% adjusted for the quarter, down from 65.5% and 65.0% a year earlier.
Advisory activity and dividend
- Evercore cited work advising PTC on its roughly $24 billion sale to Schneider Electric; GE Aerospace on its $11.75 billion acquisition of Consolidated Precision Products; easyJet on its £5.6 billion sale to Apollo; and SEGRO on an all-stock combination with Prologis.
- The firm also advised Nexus Data Centers on $15.6 billion of construction financing for its first data center and power development project, and Broadcom on a transaction enabling the deployment of $63 billion of AI computing capacity to Anthropic.
- Evercore declared a quarterly dividend of $0.89 per share.
The reported figures show higher year-to-date revenue and operating margins than in the comparable 2025 period. Evercore attributed its revenue records to momentum across its advisory businesses.