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Dec 31, 2024
Evercore Q4 2024 Earnings Report
Evercore's Q4 2024 performance was marked by strong revenue growth and increased profitability, driven by advisory and underwriting success.
Key Takeaways
Evercore reported strong Q4 and full-year 2024 results, with net revenues increasing by 24% compared to the previous year. The company's strategic advisory business advised on several notable transactions, and both Private Capital Advisory and Private Funds Group had record years. Evercore ISI was recognized as the #1 Firm in U.S. Equity Research for the third consecutive year.
Net revenues for Q4 2024 increased by 24% year-over-year, reaching $975.3 million on a U.S. GAAP basis.
Operating income for Q4 2024 increased by 81% compared to 2023, reaching $212.6 million on a U.S. GAAP basis.
Evercore advised on three of the top seven globally announced transactions in 2024.
Equities business had its strongest full year revenue since 2016.
Revenue by Segment
Forward Guidance
Evercore expects the market to continue to gradually improve throughout 2025 and begins the year with strong momentum.
Positive Outlook
- Strong momentum heading into 2025
- Expectation of gradual market improvement throughout the year
- Intensive client coverage
- Broadening coverage
- Second strongest year in terms of revenue
Historical Earnings Impact
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Avg. Return Before/After Earnings
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