Evercore reported adjusted Q4 net revenues of $1.2981 billion, up 32% from $980.5 million a year earlier, driven by strong fee generation across its advisory and investment management businesses. Adjusted earnings per share came in at $5.13, significantly above the consensus estimate of $3.83 and up from $3.41 in Q4 2024. Net income attributable to Evercore under U.S. GAAP reached $312.2 million, compared with $212.6 million in the prior-year quarter. This performance propelled the company’s full-year adjusted net revenues to $3.884 billion, a 29% increase over 2024, and full-year adjusted net income to $838.6 million, up 50% year-over-year.

Advisory revenues climbed to $866.5 million for the quarter, a 28% rise from $676.0 million in Q4 2024, as the firm advised on more than 150 completed mandates, including five transactions each valued above $5 billion. Investment management net revenues increased 40% to $431.6 million, reflecting higher performance fees on alternative strategies and net asset inflows totaling $4.2 billion for the quarter. Assets under management reached $58.7 billion at quarter-end, up from $52.3 billion a year ago, underscoring sustained client demand for tailored private equity and credit solutions.

The board declared a quarterly dividend of $0.84 per share, representing a 20% increase from the prior payout and signaling confidence in free cash flow generation. Evercore ended the quarter with $620 million of cash and equivalents and $910 million of debt, maintaining a strong liquidity position. Management reiterated its full-year 2026 guidance, forecasting adjusted net revenues in the range of $4.1 billion to $4.3 billion and adjusted earnings per share between $17.50 and $18.25, driven by continued momentum in cross-border advisory mandates and expanding investment management offerings.