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Mar 31
Evercore Q1 2025 Earnings Report
Evercore reported strong results with significant year-over-year growth in revenue and net income.
Key Takeaways
Evercore delivered a solid performance in Q1 2025, driven by strong advisory revenue and notable transactions, while benefiting from favorable tax impacts and increased client activity.
Net revenues rose 20% YoY to $694.8M on a GAAP basis.
Net income attributable to Evercore Inc. jumped to $146.2M from $85.7M.
EPS climbed to $3.48, with adjusted EPS at $3.49.
Major advisory roles in large deals, including Calpine and Ampere, boosted performance.
Evercore
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Evercore Revenue by Segment
Forward Guidance
Evercore expects continued growth, with strength in its advisory business and momentum in private capital markets, while acknowledging typical quarterly fluctuations.
Positive Outlook
- Momentum across business lines continues.
- Strong pipeline in strategic advisory and capital markets.
- Private Capital Advisory posted record Q1 performance.
- Equities business had best Q1 since 2020.
- Several Senior MDs committed to join, expanding coverage.
Challenges Ahead
- Underwriting activity declined versus prior year.
- Investment fund performance weakened, lowering other revenue.
- Higher compensation expenses from incentive accruals.
- Increased non-compensation costs due to headcount and travel.
- Quarterly performance may fluctuate due to deal timing.