Filing Flows › Evercore (EVR) › Q4 2025
Evercore (EVR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Evercore (EVR) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +24% from the quarter before. Operating margin was 24.2%, net earnings $204M (15.7% of revenue).
Evercore, Q4 2025: revenue $1.3B (+32% year over year), operating margin 24.2%, net earnings $204M, operating cash flow $807M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +24% | +32% |
| Operating profit | $313M | +44% | +47% |
| Net earnings | $204M | +41% | +45% |
| Operating cash flow | $807M | +44% | +18% |
| Free cash flow | $799M | +47% | +19% |
What changed
Revenue was $1.3B in Q4 2025, up 32% year over year and up 24% from the previous quarter.
Operating profit was $0.31B, a 24.2% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 22% margin then. Total costs grew 28% against revenue growth of 32%. Net earnings were $0.20B, up 45% year over year. The effective tax rate was 29.0%.
Operating cash flow was $0.81B (up 18% year over year), 363% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $0.41B. Capital expenditures of $0.01B left free cash flow of $0.80B.
Questions
What was Evercore's revenue in the fourth quarter 2025?
Evercore (EVR) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +24% from the quarter before.
Was Evercore profitable in the fourth quarter 2025?
Operating profit was $313M (24.2% of revenue) and net earnings $204M.
Source: Evercore 10-K on SEC EDGAR.