EarningsQ2 2026 Earnings Report
MX:EVR Q2 2026 EPS Results
Actual EPS$49.88
Consensus EPS$51.92
Beat/MissMissed by -$2.04
One Year Ago EPS$41.48
MX:EVR Q2 2026 Revenue Results
Actual Revenue$17.11B
Expected Revenue$16.88B
Beat/MissBeat by +$232.14M
YoY Revenue Growth+19.15%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:EVR Upcoming Earnings
Evercore Partners's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EVR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive performance driven by record revenues, significant YoY growth in earnings and operating income, broad-based strength across advisory, underwriting, ECM, equities and wealth management, and continued capital returns and talent investment. The principal concerns were elevated non-compensation expenses (some due to intentional investments and episodic items), modest margin pressure versus some historical ranges, and industry softness in the middle-market/sponsor segments. Management framed the expense increases as targeted investments to support continued growth and expects many of the episodic items to ease in future quarters.Company Guidance
Record Quarterly and First-Half Revenue
Adjusted net revenues of $1.0 billion for Q2 2026, up 19% year-over-year; record first-half adjusted revenues of $2.4 billion, up 56% year-over-year.
Strong Earnings Performance
Adjusted diluted EPS of $2.91 in Q2 2026, up 20% year-over-year; adjusted EPS of $10.48 for the first half, up 77% year-over-year. GAAP EPS for Q2 was $2.32.
Operating Income and Margins Expanded
Adjusted operating income of $190 million in Q2 (up 21% YoY) and $544 million for the first half (up 99% YoY). Adjusted operating margins were 19% in Q2 and 22.7% for the first half.
Advisory and Underwriting Strength
Adjusted advisory fees of approximately $776 million in Q2, up 11% YoY. Underwriting fees of $97 million in Q2, the best quarter ever and up 201% YoY; underwriting revenues up 76% for the first half.
Record Performance in Multiple Businesses
Record Q2 revenues in North America Strategic Advisory, Private Funds Group, equities, Underwriting and Wealth Management; Wealth Management quarter-end AUM of $16.2 billion.
Equity Capital Markets and Equities Momentum
ECM had its best quarter ever, acted as book runner on 19 transactions including Parabilis Medicine $771 million IPO (largest biotech IPO ever) and Red Cat $259 million follow-on; equities business delivered record Q2 revenues.
Private Funds and Private Capital Advisory Resilience
Private Funds Group delivered a record Q2 despite a subdued fundraising market; Private Capital Advisory remained market-leading and active, contributing to non-M&A businesses generating >40% of total revenues over the last 12 months.
Strong Balance Sheet and Capital Returns
Cash and investment securities near $2.4 billion as of June 30; returned $150 million of capital in Q2 (approx. 330,000 shares repurchased + dividends) and $823 million YTD, including $734 million of repurchases at an average price of ~$325/share; adjusted diluted share count down to 43.7 million.
Talent Investment and Global Expansion
19 new Senior Managing Directors added YTD (11 external hires, 8 promotions), total SMDs now 188 with over 50 ramping; new hires across strategic areas and additional European presence including Frankfurt and Stockholm, and successful integration of Robey Warshaw.
MX:EVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed