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Evercore (EVR) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 6, 2026

Evercore (EVR) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +100% from a year earlier and +8% from the quarter before. Operating margin was 23.7%, net earnings $301M (21.5% of revenue).

Revenue$1.4B
Year over year+100%
Quarter over quarter+8%
Operating margin23.7%
Net earnings$301M

Evercore, Q1 2026: revenue $1.4B (+100% year over year), operating margin 23.7%, net earnings $301M, operating cash flow −$226M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$1.4B+8%+100%
Operating profit$332M+6%+196%
Net earnings$301M+48%+106%
Operating cash flow−$226M-128%—

What changed

Revenue was $1.4B in Q1 2026, up 100% year over year and up 8% from the previous quarter.

Operating profit was $0.33B, a 23.7% margin (up 7.7 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, above the 16% margin then. Total costs grew 82% against revenue growth of 100%. Net earnings were $0.30B, up 106% year over year. The effective tax rate was 2.7%.

Operating cash flow was −$0.23B. Non-cash charges added back $0.01B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items used $0.76B. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$0.23B.

Questions

What was Evercore's revenue in the first quarter 2026?

Evercore (EVR) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +100% from a year earlier and +8% from the quarter before.

Was Evercore profitable in the first quarter 2026?

Operating profit was $332M (23.7% of revenue) and net earnings $301M.

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Source: Evercore 10-Q on SEC EDGAR.