Filing Flows › Evercore (EVR) › Q2 2025
Evercore (EVR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Evercore (EVR) reported revenue of $838M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +20% from the quarter before. Operating margin was 18.0%, net earnings $97.2M (11.6% of revenue).
Evercore, Q2 2025: revenue $838M (+21% year over year), operating margin 18.0%, net earnings $97.2M, operating cash flow $438M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $838M | +20% | +21% |
| Operating profit | $151M | +35% | +37% |
| Net earnings | $97.2M | -34% | +32% |
| Operating cash flow | $438M | — | +26% |
| Free cash flow | $412M | — | +21% |
What changed
Revenue was $838.0M in Q2 2025, up 21% year over year and up 20% from the previous quarter.
Operating profit was $151.2M, a 18.0% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 16% margin then. Total costs grew 18% against revenue growth of 21%. Net earnings were $97.2M, up 32% year over year. The effective tax rate was 29.3%.
Operating cash flow was $437.7M (up 26% year over year), 409% of net income including minority interests. Non-cash charges added back $1.0M of depreciation and amortization and $180.9M of share-based compensation. Working capital and other items added $148.8M. Capital expenditures of $26.0M left free cash flow of $411.7M.
Questions
What was Evercore's revenue in the second quarter 2025?
Evercore (EVR) reported revenue of $838M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +20% from the quarter before.
Was Evercore profitable in the second quarter 2025?
Operating profit was $151M (18.0% of revenue) and net earnings $97.2M.
Source: Evercore 10-Q on SEC EDGAR.