Evercore Posts Record Q2 Revenue of $990M, H1 Revenue Doubles to $2.4B; Declares $0.89 Dividend
EVR sits 28% above its 52-week low of $265.87.
Summary
Evercore reported record Q2 2026 revenue of $990 million, capping a first half where revenue more than doubled year-over-year. The firm declared a $0.89 quarterly dividend and returned over $800 million to shareholders through buybacks and dividends.
Key Events · Earnings and Guidance · EVR
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Record Q2 Revenue of $990M
Q2 2026 net revenues reached $990.2 million (GAAP) / $999.5 million (Adjusted), up 19% year-over-year, driven by record performances in North America Strategic Advisory, Private Funds Group, and Equities.
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First-Half Revenue Doubles to $2.4B
Year-to-date net revenues surged 56% to $2.38 billion (GAAP) / $2.40 billion (Adjusted), with advisory fees up 61% and underwriting fees up 76%.
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Diluted EPS of $2.32 (GAAP) / $2.91 (Adjusted)
Q2 2026 diluted EPS was $2.32 (GAAP) and $2.91 (Adjusted), compared to $2.36 and $2.42 in Q2 2025, respectively. Adjusted operating margin expanded to 19.0% from 18.7%.
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$0.89 Quarterly Dividend Declared
Board declared a quarterly dividend of $0.89 per share, payable September 11, 2026 to shareholders of record August 28, 2026.
Analysis · EVR · Finance
Evercore delivered its strongest first half ever, with net revenues surging 56% to $2.4 billion on broad-based strength across advisory, underwriting, and equities. The quarter saw record performances in North America Strategic Advisory, Private Funds Group, and Equities, while Underwriting and Wealth Management each posted their best quarters on record. The firm continues to invest in talent, adding four new Senior Managing Directors and securing commitments from seven more, signaling confidence in sustained deal flow. Capital return remains robust — $822.9 million returned to shareholders in the first half through buybacks and dividends. The only blemish is a $21.3 million special charge for a non-U.S. employment tax provision, but it is a one-time item that does not detract from the underlying operating momentum.
At the time of this filing, EVR was trading at $340.00 on NYSE in the Finance sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $265.87 to $388.71. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.