Evercore Achieves $1.4B Record Q1 Revenues, Raises Dividend to $0.89
Evercore posted record first-quarter net revenues of $1.4 billion, a 100% increase year-over-year, with operating income rising roughly 200% to $354.5 million (adjusted) and operating margin expanding by 868 basis points to 25.3%. The firm raised its quarterly dividend by 6% to $0.89 per share and returned $673.3 million to shareholders through dividends and repurchases of 1.9 million shares at an average price of $322.
1. Record First Quarter Financial Results
Evercore delivered $1.4 billion in net revenues for Q1 2026, doubling year-over-year on both U.S. GAAP and adjusted bases. Operating income reached $330.7 million GAAP and $354.5 million adjusted, reflecting 197% and 205% increases, while operating margins expanded to 23.8% and 25.3%, up 776 and 868 basis points respectively.
2. Dividend Increase and Shareholder Returns
The board increased the quarterly dividend by 6% to $0.89 per share and returned $673.3 million to shareholders via dividends and the repurchase of 1.9 million shares at an average price of $322.
3. Advisory and Wealth Management Highlights
North American Advisory generated a record revenue quarter, complemented by first-quarter highs in EMEA Advisory, Private Capital Advisory, Private Funds Group, Equities and Wealth Management segments.
4. Strategic Transactions and Leadership Growth
Evercore advised on high-profile deals including Warner Bros Discovery’s $110 billion sale to Paramount Skydance and Devon Energy’s $58 billion merger with Coterra Energy. The firm also expanded its leadership with three new senior managing directors and commitments from three additional hires, alongside eight promotions within Investment Banking.