Record Q2 revenue and $822.9M buybacks at Evercore Inc. (NYSE: EVR)

Rhea-AI Filing Summary

Evercore Inc. reported record second-quarter and first-half 2026 net revenues, with U.S. GAAP net revenues of $990.2 million for Q2, up 19% year-over-year, and $2,381.8 million year-to-date, up 56%. Growth reflected higher advisory and underwriting activity, increased trading commissions, Wealth Management fees and stronger investment fund performance.

Net income attributable to Evercore for Q2 was $95.3 million, with diluted EPS of $2.32, while adjusted diluted EPS was $2.91. First-half net income reached $396.5 million and diluted EPS $9.56. The compensation ratio improved modestly to 64.8% in Q2, but non-compensation costs rose 34%, and special charges of $21.3 million reflected an estimated loss provision for non-U.S. employment taxes.

The company declared a quarterly dividend of $0.89 per share and returned $822.9 million to shareholders in the first six months of 2026 through dividends and 2.3 million share repurchases at an average price of $324.60. Cash and cash equivalents were $1.3 billion, investment securities $1.1 billion, and current assets exceeded current liabilities by $1.9 billion as of June 30, 2026.

Positive

• Net revenues grew 19% in Q2 and 56% year-to-date to $990.2 million and $2,381.8 million, respectively, delivering record second-quarter and first-half net revenues.
• Adjusted diluted EPS increased to $2.91 for Q2 2026 and $10.48 year-to-date, compared with $2.42 and $5.92 in 2025, reflecting stronger profitability.
• Capital return was significant, with $822.9 million returned in the first half of 2026 via dividends and repurchases of 2.3 million shares at an average price of $324.60.
• Balance sheet liquidity remained strong with $1.3 billion of cash, $1.1 billion of investment securities and current assets exceeding current liabilities by $1.9 billion at June 30, 2026.

Negative

• Non-compensation costs rose 34% year-over-year in Q2 2026 to $180.5 million, increasing the non-compensation ratio to 18.2% from 16.2%.
• GAAP operating margin for Q2 declined to 14.8% from 18.0% a year earlier, partly due to $21.3 million of special charges for non-U.S. employment taxes.

Filing Explained

At June 30, Evercore had 4.4 million unvested RSUs and expected $318.5 million of deferred-cash payments through 2030.

The filing reports that, as of June 30, 2026, Evercore had 4.4 million unvested restricted stock units and expected aggregate deferred-cash payments of $318.5 million at various dates through 2030; these are future award-related obligations, not completed settlement.

Evercore’s adjusted presentation assumes substantially all Evercore LP Units are exchanged for Class A shares, including 2,572 such units in six-month adjusted diluted shares; that exchange is an analytical assumption rather than a disclosed completed exchange.

On that basis, six-month adjusted diluted shares were 44,075 versus 41,491 under U.S. GAAP, while adjusted diluted earnings per share was $10.48 versus $9.56; the adjusted per-share measure therefore uses a broader assumed share base.

The disclosed timing remains the key follow-up: RSUs generally vest over four years, while deferred-cash payments are due at various dates through 2030.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net Revenues Q2 2026: $990.2 million Net Revenues YTD 2026: $2,381.8 million Diluted EPS Q2 2026 (GAAP): $2.32 per share +5 more

8 metrics

Net Revenues Q2 2026 $990.2 million U.S. GAAP net revenues for the quarter ended June 30, 2026; up 19% year-over-year.

Net Revenues YTD 2026 $2,381.8 million U.S. GAAP net revenues for the six months ended June 30, 2026; up 56% versus 2025.

Diluted EPS Q2 2026 (GAAP) $2.32 per share Diluted EPS attributable to Evercore Inc. common shareholders for Q2 2026 versus $2.36 in Q2 2025.

Diluted EPS YTD 2026 (GAAP) $9.56 per share Diluted EPS for the six months ended June 30, 2026 compared with $5.85 in 2025.

Quarterly Dividend $0.89 per share Dividend declared July 28, 2026, payable September 11, 2026 to shareholders of record on August 28, 2026.

Capital Returned H1 2026 $822.9 million Returned to shareholders during the first six months of 2026 via dividends and 2.3 million share repurchases.

Assets Under Management $16,225 million Wealth Management assets under management as of June 30, 2026; 12% higher than June 30, 2025.

Notes Payable Balance $540.0 million Amounts due related to Notes Payable at June 30, 2026.

Key Terms

Compensation Ratio, Operating Margin, Adjusted Effective Tax Rate, deferred cash compensation program, +1 more

5 terms

Compensation Ratio financial

"Employee Compensation and Benefits increased 17%, reflecting a compensation ratio of 64.8% for the second quarter of 2026."

The compensation ratio compares the total pay awarded to a top executive (often the CEO) with the pay of a typical employee, usually by dividing the executive’s total compensation by the company’s median worker pay. It matters to investors because it reveals how pay is distributed inside a company—like a snapshot of priorities—helping assess governance, cost structure and potential risks to morale, reputation or labor costs.

Operating Margin financial

"First Half Operating Margins of 20.0% and 22.7% on a U.S. GAAP and an Adjusted basis, respectively."

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

Adjusted Effective Tax Rate financial

"The second quarter adjusted effective tax rate was 29.4% versus 30.0% for the prior year period."

The adjusted effective tax rate is the percentage of a company’s pre-tax income that it would normally pay in taxes after removing one-time or unusual items, giving a clearer view of its ongoing tax burden. Like clearing away exceptional expenses to see your regular monthly bill, this adjusted rate helps investors compare companies, forecast future profits and cash flow, and value a business without one-off swings distorting the picture.

deferred cash compensation program financial

"The Company granted $100.1 million of deferred cash awards related to our deferred cash compensation program."

contingent consideration financial

"Expense associated with the changes in fair value of contingent consideration issued to the sellers of Robey Warshaw."

Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.

Earnings Snapshot

Net Revenues (GAAP): Q2 2026 $990.2 million; YTD 2026 $2,381.8 million

Three and six months ended June 30, 2026

Net Revenues (GAAP) Q2 2026 $990.2 million; YTD 2026 $2,381.8 million Up 19% in Q2 and 56% year-to-date versus the comparable 2025 periods.

Net Income Attributable to Evercore Inc. Q2 2026 $95.3 million; YTD 2026 $396.5 million Q2 slightly below $97.2 million in 2025; first-half above $243.4 million in 2025.

Diluted EPS (GAAP) Q2 2026 $2.32; YTD 2026 $9.56 Q2 modestly below $2.36 in 2025; year-to-date above $5.85 in 2025.

Diluted EPS (Adjusted) Q2 2026 $2.91; YTD 2026 $10.48 Higher than $2.42 and $5.92 in the respective Q2 and year-to-date 2025 periods.

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FAQ

What were Evercore (EVR)'s Q2 2026 net revenues and growth?

Evercore reported U.S. GAAP net revenues of $990.2 million for Q2 2026, an increase of 19% versus Q2 2025. Year-to-date net revenues were $2,381.8 million, up 56%, driven by higher advisory, underwriting, trading commissions and Wealth Management fees.

How did Evercore (EVR)'s Q2 and first-half 2026 earnings per share compare to 2025?

Q2 2026 diluted EPS was $2.32 GAAP versus $2.36 in 2025, while adjusted diluted EPS rose to $2.91 from $2.42. Year-to-date diluted EPS reached $9.56 GAAP and $10.48 adjusted, compared with $5.85 and $5.92 in 2025.

What dividend and capital returns did Evercore (EVR) provide in the first half of 2026?

Evercore declared a quarterly dividend of $0.89 per share, payable September 11, 2026. In the first six months of 2026 it returned $822.9 million to shareholders through dividends and repurchases of 2.3 million shares at an average price of $324.60.

Which business segments drove Evercore (EVR)'s Q2 2026 revenue growth?

Q2 growth was led by Advisory Fees of $775.6 million, up 11% year-over-year, and Underwriting Fees of $97.1 million, up 201%. Commissions, Wealth Management fees and Other Revenue also increased, reflecting more transactions, higher trading volumes and stronger investment fund performance.

How did Evercore (EVR)'s expenses and margins change in Q2 2026?

Q2 Employee Compensation and Benefits rose 17% to $641.8 million, though the compensation ratio improved to 64.8% from 65.8%. Non-compensation costs rose 34%, and GAAP operating margin declined to 14.8% from 18.0%, partly reflecting $21.3 million of special charges.

What was Evercore (EVR)'s liquidity and assets under management as of June 30, 2026?

As of June 30, 2026, Evercore held $1.3 billion in cash and $1.1 billion in investment securities, with current assets exceeding current liabilities by $1.9 billion. Wealth Management assets under management were $16,225 million, a 12% increase from June 30, 2025.

0001360901false00013609012026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________

FORM 8-K

____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026

EVERCORE INC.

(Exact name of registrant as specified in its charter)

Delaware			001-32975			20-4748747
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

55 East 52nd Street
New York,			New York						10055
(Address of principal executive offices)									(Zip Code)

(212) 857-3100

(Registrant's telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share			EVR			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition

On July 29, 2026, Evercore Inc. issued a press release announcing financial results for its second quarter ended June 30, 2026.

A copy of the press release is attached hereto as Exhibit 99.1. All information in the press release is furnished but not filed.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

99.1						Press release of Evercore Inc. dated July 29, 2026.
101						The cover page information is formatted in Inline XBRL
104						Cover Page Interactive Data is formatted in Inline XBRL (and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EVERCORE INC.

Date: July 29, 2026

/s/ Tim LaLonde

By:

Tim LaLonde

Title:

Chief Financial Officer

Exhibit 99.1

E V E R C O R E

EVERCORE REPORTS SECOND QUARTER 2026 RESULTS;

QUARTERLY DIVIDEND OF $0.89 PER SHARE

			Second Quarter Results																		Year to Date Results
			U.S. GAAP									Adjusted									U.S. GAAP									Adjusted
			Q2 2026			Q2 2025						Q2 2026			Q2 2025						YTD 2026			YTD 2025						YTD 2026			YTD 2025
Net Revenues ($ mm)			$	990.2		$	833.8					$	999.5		$	838.9					$	2,381.8		$	1,528.7					$	2,401.0		$	1,538.8
Operating Income ($ mm)			$	146.6		$	150.4					$	189.7		$	157.1					$	477.3		$	261.6					$	544.2		$	273.3
Net Income Attributable to Evercore Inc. ($ mm)			$	95.3		$	97.2					$	127.1		$	105.4					$	396.5		$	243.4					$	461.8		$	260.2
Diluted Earnings Per Share			$	2.32		$	2.36					$	2.91		$	2.42					$	9.56		$	5.85					$	10.48		$	5.92
Compensation Ratio			64.8		%	65.8		%				63.5		%	65.4		%				64.9		%	66.0		%				63.8		%	65.5		%
Operating Margin			14.8		%	18.0		%				19.0		%	18.7		%				20.0		%	17.1		%				22.7		%	17.8		%

Business and Financial  Highlights

g

Record Second Quarter and First Half Net Revenues were $1.0 billion and $2.4 billion, respectively, on both a U.S. GAAP and an Adjusted basis. Second Quarter and First Half 2026 Net Revenues increased 19% and 56%, respectively, on both a U.S. GAAP and an Adjusted basis versus 2025

g

Second Quarter and First Half Operating Income were $146.6 million and $477.3 million, respectively, on a U.S. GAAP basis and $189.7 million and $544.2 million, respectively, on an Adjusted basis. First Half Operating Margins of 20.0% and 22.7% on a U.S. GAAP and an Adjusted basis, respectively, increased 293 and 490 basis points, respectively, versus 2025

g

Our North America Strategic Advisory, Private Funds Group, and Equities businesses each delivered record second quarter revenues, while our Underwriting and Wealth Management businesses each delivered their best quarters on record

g

Evercore advised on a number of notable and complex transactions, including:

g

Arcosa’s $8.5 billion sale to CRH

g

Iridium Communications’s $8.0 billion sale to Rocket Lab

g

National Grid’s $1.75 billion investment in Joulent

g

Victoria’s Secret on its successful proxy fight against BBRC

g

In our Underwriting business, Evercore served as a Lead or Active Bookrunner on a number of notable transactions, including:

g

Active bookrunner on Parabilis Medicine’s $771 million IPO, the largest biotechnology IPO of all time

g

Lead left bookrunner on Red Cat’s $259 million follow-on offering

g

Our Private Funds Group ranked #1 in Private Equity International’s (“PEI”) 2025 Placement Agent Ranking

Talent

g

As of June 30, 2026, our Investment Banking franchise has 188 Senior Managing Directors (SMDs), inclusive of the recent joiners and commits mentioned below

g

Four Investment Banking SMDs have joined Evercore since our last earnings call; Chris Connelly in our Industrials Investment Banking Group, Clay McCoy in Private Capital Advisory, Dennis Cornell in our Private Capital Markets Group and Eric Rabinowitz in our Healthcare Investment Banking Group

g

Since our last earnings call, seven additional Investment Banking SMDs have committed to join Evercore, in key areas including Restructuring in the U.S. and Europe, Healthcare, Chemicals and Equity Capital Markets, as well as two new hires based in our Frankfurt office

Capital Return

g

Quarterly dividend of $0.89 per share

g

Returned $822.9 million to shareholders during the first six months of 2026 through dividends and repurchases of 2.3 million shares at an average price of $324.60

NEW YORK, July 29, 2026 – Evercore Inc. (NYSE: EVR) today announced its results for the second quarter ended June 30, 2026.

LEADERSHIP COMMENTARY

John S. Weinberg, Chairman and Chief Executive Officer, "We saw broad-based strength across nearly every business this quarter, reflecting strong client engagement and the benefits of our long-term strategy. We continue to invest in our business and remain focused on creating long-term value for our shareholders."

Roger C. Altman, Founder and Senior Chairman, "We delivered record second quarter revenues, capping off the strongest first half in our history. These results underscore the greater breadth and competitive strength of our Firm."

2

Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.

Business Segments:

Evercore's business results are categorized into two segments: Investment Banking & Equities and Investment Management. Investment Banking & Equities includes providing advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. Investment Management includes Wealth Management and interests in private equity funds which are not managed by the Company, as well as advising third-party investors through affiliates. See pages A-2 to A-8 for further information and reconciliations of these segment results to our U.S. GAAP consolidated results.

Non-GAAP Measures:

Throughout this release certain information is presented on an adjusted basis, which is a non-GAAP measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and then those results are adjusted to exclude certain items and reflect the conversion of certain Evercore LP Units into Class A shares. Evercore believes that the disclosed adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and facilitate an understanding of Evercore's operating results. Evercore uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

Evercore's Adjusted Net Income Attributable to Evercore Inc. for the three and six months ended June 30, 2026 was higher than U.S. GAAP principally as a result of the exclusion of the following expenses:

•Acquisition-related compensation charges, reflecting expenses associated with awards granted in conjunction with the Company's acquisition of Robey Warshaw

•Acquisition and Transition Costs, including costs incurred for the impairment of a lease related to the acquisition of Robey Warshaw

•Expenses associated with the amortization of intangible assets and interest cost related to deferred acquisition consideration from the acquisition of Robey Warshaw

•Expense, or reversal of expense, associated with the changes in fair value of contingent consideration issued to the sellers of Robey Warshaw

•Special Charges, Including Business Realignment Costs, reflecting an estimated loss provision for non-U.S. employment taxes for prior periods

Evercore's Adjusted Diluted Shares Outstanding for the three and six months ended June 30, 2026 were higher than U.S. GAAP primarily as a result of the inclusion of Evercore LP Units.

Further details of these adjustments, as well as an explanation of similar amounts for the three and six months ended June 30, 2025 are included in pages A-2 to A-8.

3

Selected Financial Data – U.S. GAAP Results

The following is a discussion of Evercore's consolidated results on a U.S. GAAP basis. See pages A-4 to A-6 for our business segment results.

Net Revenues

			U.S. GAAP
			Three Months Ended																		Six Months Ended
			June 30, 2026						June 30, 2025						% Change						June 30, 2026						June 30, 2025						% Change
			(dollars in thousands)
Investment Banking & Equities:
Advisory Fees			$	775,590					$	697,744					11		%				$	2,020,329					$	1,255,093					61		%
Underwriting Fees			97,071						32,206						201		%				152,139						86,461						76		%
Commissions and Related Revenue			63,535						58,272						9		%				126,193						113,382						11		%
Investment Management:
Asset Management and Administration Fees			23,655						20,684						14		%				46,298						41,667						11		%
Other Revenue, net			30,348						24,924						22		%				36,818						32,056						15		%
Net Revenues			$	990,199					$	833,830					19		%				$	2,381,777					$	1,528,659					56		%

			Three Months Ended																		Six Months Ended
			June 30, 2026						June 30, 2025						% Change						June 30, 2026						June 30, 2025						% Change
Total Number of Fees from Advisory and Underwriting Client Transactions(1)			296						245						21		%				494						386						28		%
Total Number of Fees of at Least $1 million from Advisory and Underwriting Client Transactions(1)			132						111						19		%				280						206						36		%
Total Number of Underwriting Transactions(1)			26						13						100		%				49						27						81		%
Total Number of Underwriting Transactions as a Bookrunner(1)			26						13						100		%				47						25						88		%
1. Includes Equity and Debt Underwriting Transactions.

			As of June 30,
			2026						2025						% Change
Assets Under Management ($ mm)(1)			$	16,225					$	14,478					12		%
1. Assets Under Management reflect end of period amounts from our consolidated Wealth Management business.

Advisory Fees – Second quarter Advisory Fees increased $77.8 million, or 11%, year-over-year, and year-to-date Advisory Fees increased $765.2 million, or 61%, year-over-year, reflecting an increase in revenue earned from large transactions and an increase in the number of advisory fees earned during 2026.

Underwriting Fees – Second quarter Underwriting Fees increased $64.9 million, or 201%, year-over-year, and year-to-date Underwriting Fees increased $65.7 million, or 76%, year-over-year, reflecting an increase in the number of transactions we participated in during 2026.

Commissions and Related Revenue – Second quarter Commissions and Related Revenue increased $5.3 million, or 9%, year-over-year, and year-to-date Commissions and Related Revenue increased $12.8 million, or 11%, year-over-year, primarily reflecting higher trading commissions driven by increased trading volume during 2026.

Asset Management and Administration Fees – Second quarter Asset Management and Administration Fees increased $3.0 million, or 14%, year-over-year, driven by an increase in fees from Wealth

4

Management clients, as associated AUM increased 12%, from market appreciation and net inflows. Year-to-date Asset Management and Administration Fees increased $4.6 million, or 11%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 12%, from market appreciation and net inflows.

Other Revenue, net – Second quarter Other Revenue, net, increased $5.4 million, or 22%, year-over-year, primarily reflecting higher performance of our investment funds portfolio, as well as higher interest income resulting from higher average balances in interest-bearing assets, partially offset by an increase in interest expense related to the issuance of new senior notes in July 2025. Year-to-date Other Revenue, net, increased $4.8 million, or 15%, year-over-year, primarily reflecting higher interest income resulting from higher average balances in interest-bearing assets, as well as higher performance of our investment funds portfolio, partially offset by an increase in interest expense related to the issuance of new senior notes in July 2025. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.

Expenses

			U.S. GAAP
			Three Months Ended																		Six Months Ended
			June 30, 2026						June 30, 2025						% Change						June 30, 2026						June 30, 2025						% Change
			(dollars in thousands)
Employee Compensation and Benefits			$	641,791					$	548,611					17		%				$	1,545,861					$	1,008,436					53		%
Compensation Ratio			64.8		%				65.8		%										64.9		%				66.0		%
Non-Compensation Costs			$	180,517					$	134,830					34		%				$	337,299					$	258,650					30		%
Non-Compensation Ratio			18.2		%				16.2		%										14.2		%				16.9		%
Special Charges, Including Business Realignment Costs			$	21,315					$	—					NM						$	21,315					$	—					NM

Employee Compensation and Benefits – Second quarter Employee Compensation and Benefits increased $93.2 million, or 17%, year-over-year, reflecting a compensation ratio of 64.8% for the second quarter of 2026 versus 65.8% for the prior year period. The increase in Employee Compensation and Benefits compared to the prior year period principally reflects higher amortization of prior period deferred compensation awards, higher base salaries and a higher accrual for incentive compensation. Employee Compensation and Benefits for the second quarter of 2026 also includes $7.1 million of costs related to awards granted in conjunction with the acquisition of Robey Warshaw. The Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date Employee Compensation and Benefits increased $537.4 million, or 53%, year-over-year, reflecting a year-to-date compensation ratio of 64.9% versus 66.0% for the prior year period. The increase in Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher amortization of prior period deferred compensation awards. Employee Compensation and Benefits for 2026 also includes $14.2 million of costs related to awards granted in conjunction with the acquisition of Robey Warshaw. The Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. See "Deferred Compensation" for more information.

Non-Compensation Costs – Second quarter Non-Compensation Costs increased $45.7 million, or 34%, year-over-year, primarily driven by an increase in travel and related expenses, professional fees, technology and information services and other operating expenses. The increase in travel and related expenses is largely due to higher levels of business activity, elevated travel pricing and increased headcount and the increase in other operating expenses is primarily attributable to an increase in the provision for credit losses. The second quarter Non-Compensation ratio of 18.2% increased from 16.2%

5

compared to the prior year period. The Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date Non-Compensation Costs increased $78.6 million, or 30%, year-over-year, primarily driven by an increase in travel and related expenses, professional fees and technology and information services. The increase in travel and related expenses is largely due to higher levels of business activity, elevated travel pricing and increased headcount and the increase in technology and information services is principally reflecting higher expenses associated with license fees, consulting costs and research services. The year-to-date Non-Compensation ratio of 14.2% decreased from 16.9% compared to the prior year period. The Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period.

Special Charges, Including Business Realignment Costs – Second quarter and year-to-date 2026 Special Charges, Including Business Realignment Costs, reflects an estimated loss provision for non-U.S. employment taxes for prior periods. The Company will continue to review its tax position relating to this matter and will adjust this estimate as appropriate in future periods.

Effective Tax Rate

The second quarter effective tax rate was 27.8% versus 29.3% for the prior year period. The decrease principally reflects an increase in the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price. The year-to-date effective tax rate was 10.5% versus 1.0% for the prior year period. The increase is primarily attributable to the increase in pre-tax income, as well as an increase in non-deductible expenses and state and local apportionment adjustments, partially offset by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price.

6

Selected Financial Data – Adjusted Results

The following is a discussion of Evercore's consolidated results on an Adjusted basis. See pages 3 and A-2 to A-8 for further information and reconciliations of these metrics to our U.S. GAAP results. See pages A-4 to A-6 for our business segment results.

Adjusted Net Revenues

			Adjusted
			Three Months Ended																		Six Months Ended
			June 30, 2026						June 30, 2025						% Change						June 30, 2026						June 30, 2025						% Change
			(dollars in thousands)
Investment Banking & Equities:
Advisory Fees(1)			$	775,608					$	697,755					11		%				$	2,020,355					$	1,255,066					61		%
Underwriting Fees			97,071						32,206						201		%				152,139						86,461						76		%
Commissions and Related Revenue			63,535						58,272						9		%				126,193						113,382						11		%
Investment Management:
Asset Management and Administration Fees(2)			24,655						21,488						15		%				48,341						43,388						11		%
Other Revenue, net			38,646						29,134						33		%				54,007						40,459						33		%
Net Revenues			$	999,515					$	838,855					19		%				$	2,401,035					$	1,538,756					56		%
1.Advisory Fees on an Adjusted basis reflect the reclassification of earnings (losses) related to our equity method investment in Seneca Evercore of $0.02 million and $0.03 million for the three and six months ended June 30, 2026, respectively, and $0.01 million and ($0.03) million for the three and six months ended June 30, 2025, respectively.
2.Asset Management and Administration Fees on an Adjusted basis reflect the reclassification of earnings related to our equity method investment in Atalanta Sosnoff of $1.0 million and $2.0 million for the three and six months ended June 30, 2026, respectively, and $0.8 million and $1.7 million for the three and six months ended June 30, 2025, respectively.

See page 4 for additional business metrics.

Advisory Fees – Second quarter adjusted Advisory Fees increased $77.9 million, or 11%, year-over-year, and year-to-date adjusted Advisory Fees increased $765.3 million, or 61%, year-over-year, reflecting an increase in revenue earned from large transactions and an increase in the number of advisory fees earned during 2026.

Underwriting Fees – Second quarter Underwriting Fees increased $64.9 million, or 201%, year-over-year, and year-to-date Underwriting Fees increased $65.7 million, or 76%, year-over-year, reflecting an increase in the number of transactions we participated in during 2026.

Commissions and Related Revenue – Second quarter Commissions and Related Revenue increased $5.3 million, or 9%, year-over-year, and year-to-date Commissions and Related Revenue increased $12.8 million, or 11%, year-over-year, primarily reflecting higher trading commissions driven by increased trading volume during 2026.

Asset Management and Administration Fees – Second quarter adjusted Asset Management and Administration Fees increased $3.2 million, or 15%, year-over-year, primarily driven by an increase in fees from Wealth Management clients, as associated AUM increased 12%, from market appreciation and net inflows. The increase was also driven by a 24% increase in equity in earnings of affiliates. Year-to-date adjusted Asset Management and Administration Fees increased $5.0 million, or 11%, year-over-year, primarily driven by an increase in fees from Wealth Management clients, as associated AUM increased 12%, from market appreciation and net inflows. The increase was also driven by a 19% increase in equity in earnings of affiliates.

Other Revenue, net – Second quarter adjusted Other Revenue, net, increased $9.5 million, or 33%, year-over-year, primarily reflecting higher performance of our investment funds portfolio, as well as higher

7

interest income resulting from higher average balances in interest-bearing assets. Year-to-date adjusted Other Revenue, net, increased $13.5 million, or 33%, year-over-year, primarily reflecting higher interest income resulting from higher average balances in interest-bearing assets, as well as higher performance of our investment funds portfolio. The investment funds portfolio is used as an economic hedge against our deferred cash compensation program.

Adjusted Expenses

			Adjusted
			Three Months Ended																		Six Months Ended
			June 30, 2026						June 30, 2025						% Change						June 30, 2026						June 30, 2025						% Change
			(dollars in thousands)
Employee Compensation and Benefits			$	634,647					$	548,611					16		%				$	1,531,631					$	1,008,436					52		%
Compensation Ratio			63.5		%				65.4		%										63.8		%				65.5		%
Non-Compensation Costs			$	175,192					$	133,193					32		%				$	325,241					$	257,013					27		%
Non-Compensation Ratio			17.5		%				15.9		%										13.5		%				16.7		%

Employee Compensation and Benefits – Second quarter adjusted Employee Compensation and Benefits increased $86.0 million, or 16%, year-over-year, reflecting an adjusted compensation ratio of 63.5% for the second quarter of 2026 versus 65.4% for the prior year period. The increase in adjusted Employee Compensation and Benefits compared to the prior year period principally reflects higher amortization of prior period deferred compensation awards, higher base salaries and a higher accrual for incentive compensation. The adjusted Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date adjusted Employee Compensation and Benefits increased $523.2 million, or 52%, year-over-year, reflecting a year-to-date adjusted compensation ratio of 63.8% versus 65.5% for the prior year period. The increase in adjusted Employee Compensation and Benefits compared to the prior year period principally reflects a higher accrual for incentive compensation, higher base salaries and higher amortization of prior period deferred compensation awards. The adjusted Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. See "Deferred Compensation" for more information.

Non-Compensation Costs – Second quarter adjusted Non-Compensation Costs increased $42.0 million, or 32%, year-over-year, primarily driven by an increase in travel and related expenses, professional fees, technology and information services and other operating expenses. The increase in travel and related expenses is largely due to higher levels of business activity, elevated travel pricing and increased headcount and the increase in other operating expenses is primarily attributable to an increase in the provision for credit losses. The second quarter adjusted Non-Compensation ratio of 17.5% increased from 15.9% compared to the prior year period. The adjusted Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period. Year-to-date adjusted Non-Compensation Costs increased $68.2 million, or 27%, year-over-year, primarily driven by an increase in travel and related expenses, professional fees and technology and information services. The increase in travel and related expenses is largely due to higher levels of business activity, elevated travel pricing and increased headcount and the increase in technology and information services is principally reflecting higher expenses associated with license fees, consulting costs and research services. The year-to-date adjusted Non-Compensation ratio of 13.5% decreased from 16.7% compared to the prior year period. The adjusted Non-Compensation Ratio was also impacted by higher net revenues, as described above, during the current year period compared to the prior year period.

8

Adjusted Effective Tax Rate

The second quarter adjusted effective tax rate was 29.4% versus 30.0% for the prior year period. The decrease principally reflects an increase in the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price. The year-to-date adjusted effective tax rate was 12.1% versus 0.5% for the prior year period. The increase is primarily attributable to the increase in pre-tax income, as well as an increase in non-deductible expenses and state and local apportionment adjustments, partially offset by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price.

9

Liquidity

The Company continues to maintain a strong balance sheet. As of June 30, 2026, cash and cash equivalents were $1.3 billion, investment securities and certificates of deposit were $1.1 billion and current assets exceeded current liabilities by $1.9 billion. Amounts due related to the Notes Payable were $540.0 million at June 30, 2026.

Headcount

As of June 30, 2026 and 2025, the Company employed approximately 2,715 and 2,455 people, respectively, worldwide.

As of June 30, 2026 and 2025, the Company employed 230(1) and 197(2) total Investment Banking & Equities Senior Managing Directors, respectively, of which 188(1) and 159(2), respectively, were Investment Banking Senior Managing Directors.

(1) Senior Managing Director headcount as of June 30, 2026, inclusive of new hires that have joined year-to-date and additionally adjusted to include eight incoming Investment Banking Senior Managing Directors committed to join and to exclude for two known departures.

(2) Senior Managing Director headcount as of June 30, 2025, inclusive of new hires that have joined year-to-date and additionally adjusted to include five incoming Investment Banking Senior Managing Directors committed to join and to exclude for two known departures.

Deferred Compensation

Year-to-date, the Company granted to certain employees 1.7 million unvested restricted stock units ("RSUs") (of which 1.6 million were granted in conjunction with the 2025 bonus awards) with a grant date fair value of $553.0 million.

In addition, year-to-date, the Company granted $100.1 million of deferred cash awards to certain employees, related to our deferred cash compensation program, which were primarily granted in conjunction with the 2025 bonus awards.

The Company recognized compensation expense related to RSUs and our deferred cash compensation program of $174.0 million and $316.3 million for the three and six months ended June 30, 2026, respectively, and $141.8 million and $263.9 million for the three and six months ended June 30, 2025, respectively.

As of June 30, 2026, the Company had 4.4 million unvested RSUs with an aggregate grant date fair value of $1.1 billion. RSUs are expensed over the service period of the award, subject to retirement eligibility, and generally vest over four years.

As of June 30, 2026, the Company expects to pay an aggregate of $318.5 million related to our deferred cash compensation program at various dates through 2030. Amounts due pursuant to this program are expensed over the service period of the award, subject to retirement eligibility, and amounts accrued are reflected in Accrued Compensation and Benefits, a component of current liabilities.

In addition, from time to time, the Company also grants cash and equity-based performance awards to certain employees, the settlement of which is dependent on the performance criteria being achieved.

10

Capital Return Transactions

On July 28, 2026, the Board of Directors of Evercore declared a quarterly dividend of $0.89 per share to be paid on September 11, 2026 to common stockholders of record on August 28, 2026.

During the second quarter, the Company repurchased 30 thousand shares from employees for the net settlement of stock-based compensation awards at an average price per share of $319.61, and 0.3 million shares at an average price per share of $341.83 pursuant to the Company's share repurchase program. The aggregate 0.3 million shares were acquired at an average price per share of $339.79. Year-to-date, the Company repurchased 1.0 million shares from employees for the net settlement of stock-based compensation awards at an average price per share of $343.89, and 1.3 million shares at an average price per share of $311.03 pursuant to the Company's share repurchase program. The aggregate 2.3 million shares were acquired at an average price per share of $324.60.

Conference Call

Evercore will host a related conference call beginning at 8:00 a.m. Eastern Time, Wednesday, July 29, 2026, accessible via telephone and webcast. Investors and analysts may participate in the live conference call by dialing (833) 419-0865 (toll-free domestic) or (785) 838-9333 (international); passcode: EVRQ226. Please register at least 10 minutes before the conference call begins.

A live audio webcast of the conference call will be available on the Investor Relations section of Evercore’s website at www.evercore.com. The webcast will be archived on Evercore’s website for 30 days.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

11

Investor Contact:			Katy Haber
			Head of Investor Relations & ESG
			InvestorRelations@Evercore.com
Media Contacts:			Jamie Easton
			Head of Communications & External Affairs
			Communications@Evercore.com
			FGS Global
			Evercoreus@fgsglobal.com
			Evercore-europe@fgsglobal.com

12

Basis of Alternative Financial Statement Presentation

Our Adjusted results are a non-GAAP measure. As discussed further under "Non-GAAP Measures", Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and better reflects how management views its operating results. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of our U.S. GAAP results to Adjusted results is presented in the tables included in the following pages.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, Evercore's operations and financial performance. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "backlog," "believes," "expects," "potential," "probable," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. All statements, other than statements of historical fact, included in this release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in Evercore's business. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Evercore believes these factors include, but are not limited to, those described under "Risk Factors" discussed in Evercore's Annual Report on Form 10-K for the year ended December 31, 2025, subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and Registration Statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Evercore to predict all risks and uncertainties, nor can Evercore assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and Evercore does not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Evercore undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

13

EVERCORE INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(dollars in thousands, except per share data)
(UNAUDITED)
			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Revenues
Investment Banking & Equities:
Advisory Fees			$	775,590					$	697,744					$	2,020,329					$	1,255,093
Underwriting Fees			97,071						32,206						152,139						86,461
Commissions and Related Revenue			63,535						58,272						126,193						113,382
Asset Management and Administration Fees			23,655						20,684						46,298						41,667
Other Revenue, Including Interest and Investments			38,646						29,134						54,007						40,459
Total Revenues			998,497						838,040						2,398,966						1,537,062
Interest Expense(1)			8,298						4,210						17,189						8,403
Net Revenues			990,199						833,830						2,381,777						1,528,659
Expenses
Employee Compensation and Benefits			641,791						548,611						1,545,861						1,008,436
Occupancy and Equipment Rental			29,726						26,914						56,791						52,645
Professional Fees			33,044						23,133						61,399						45,523
Travel and Related Expenses			35,331						23,984						63,202						46,002
Technology and Information Services			43,961						36,587						84,379						69,954
Depreciation and Amortization			12,577						6,450						25,015						12,426
Execution, Clearing and Custody Fees			3,052						3,180						6,239						6,526
Special Charges, Including Business Realignment Costs			21,315						—						21,315						—
Acquisition and Transition Costs			—						1,637						1,800						1,637
Other Operating Expenses			22,826						12,945						38,474						23,937
Total Expenses			843,623						683,441						1,904,475						1,267,086
Income Before Income from Equity Method Investments and Income Taxes			146,576						150,389						477,302						261,573
Income from Equity Method Investments			1,018						815						2,069						1,694
Income Before Income Taxes			147,594						151,204						479,371						263,267
Provision for Income Taxes			41,094						44,265						50,150						2,538
Net Income			106,500						106,939						429,221						260,729
Net Income Attributable to Noncontrolling Interest			11,223						9,738						32,709						17,344
Net Income Attributable to Evercore Inc.			$	95,277					$	97,201					$	396,512					$	243,385
Net Income Attributable to Evercore Inc. Common Shareholders			$	95,277					$	97,201					$	396,512					$	243,385
Weighted Average Shares of Class A Common Stock Outstanding:
Basic			38,631						38,715						38,799						38,717
Diluted			41,134						41,213						41,491						41,636
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic			$	2.47					$	2.51					$	10.22					$	6.29
Diluted			$	2.32					$	2.36					$	9.56					$	5.85
(1)Includes interest expense on long-term debt, lines of credit and other financing arrangements.

A - 1

Adjusted Results

Throughout the discussion of Evercore's business and elsewhere in this release, information is presented on an Adjusted basis, which is a non-generally accepted accounting principles ("non-GAAP") measure. Adjusted results begin with information prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), adjusted to exclude certain items and reflect the conversion of certain Evercore LP Units and Unvested Restricted Stock Units into Class A shares. Evercore believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures, are useful to investors to compare Evercore's results across several periods and facilitate an understanding of Evercore's operating results. The Company uses these measures to evaluate its operating performance, as well as the performance of individual employees. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. These Adjusted amounts are allocated to the Company's two business segments: Investment Banking & Equities and Investment Management. The differences between the Adjusted and U.S. GAAP results are as follows:

–Assumed Exchange of Evercore LP Units into Class A Shares. The Adjusted results assume substantially all Evercore LP Units have been exchanged for Class A shares. Accordingly, the noncontrolling interest related to these units is converted to a controlling interest. The Company's management believes that it is useful to provide the per-share effect associated with the assumed conversion of substantially all of these previously granted equity interests and IPO related restricted stock units, and thus the Adjusted results reflect their exchange into Class A shares.

–Adjustments Associated with Business Combinations and Divestitures. The following charges resulting from business combinations and divestitures have been excluded from the Adjusted results as the Company's Management believes that operating performance is more comparable across periods excluding the effects of these acquisition-related charges:

–Acquisition and Transition Costs. Costs incurred for the impairment of a lease in the first quarter of 2026 related to the acquisition of Robey Warshaw and professional fees incurred in the second quarter of 2025 related to transitioning acquisitions or divestitures.

–Acquisition-related Compensation Charges. Expenses associated with awards granted in conjunction with the Company's acquisition of Robey Warshaw.

–Amortization of Intangible Assets. Amortization of intangible assets from the acquisition of Robey Warshaw.

–Interest Expense. Interest expense accrued for deferred acquisition consideration issued in the acquisition of Robey Warshaw.

–Fair Value of Contingent Consideration. The expense, or reversal of expense, associated with changes in the fair value of contingent consideration issued to the sellers of Robey Warshaw.

–Special Charges, Including Business Realignment Costs. Expenses during 2026 that are excluded from the Adjusted presentation reflect an estimated loss provision for non-U.S. employment taxes for prior periods.

–Income Taxes. Evercore is organized as a series of Limited Liability Companies, Partnerships, C-Corporations and a Public Corporation in the U.S. as the ultimate parent. Certain of the subsidiaries, particularly Evercore LP, have noncontrolling interests held by management or former members of management. As a result, not all of the Company’s income is subject to corporate level taxes and certain other state and local taxes are levied. The assumption in the Adjusted earnings presentation is that substantially all of the noncontrolling interest is eliminated through the exchange of Evercore LP units into Class A common stock of the ultimate parent. As a result, the Adjusted earnings presentation assumes that the allocation of earnings to Evercore LP’s noncontrolling interest holders is substantially eliminated and is therefore subject to statutory tax rates of a C-Corporation under a conventional tax structure in the U.S. and that certain state and local taxes are reduced accordingly.

–Presentation of Interest Expense. The Adjusted results present Adjusted Investment Banking & Equities Operating Income and Adjusted Investment Management Operating Income before interest expense on debt, lines of credit and other financing arrangements, which are included in interest expense on a U.S. GAAP basis.

–Presentation of Income from Equity Method Investments. The Adjusted results present Income from Equity Method Investments within Revenue as the Company's Management believes it is a useful presentation.

A - 2

EVERCORE INC.
U.S. GAAP RECONCILIATION TO ADJUSTED RESULTS
(dollars in thousands, except per share data)
(UNAUDITED)
			Three Months Ended												Six Months Ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net Revenues - U.S. GAAP			$	990,199					$	833,830					$	2,381,777					$	1,528,659
Income from Equity Method Investments (1)			1,018						815						2,069						1,694
Interest Expense (2)			8,298						4,210						17,189						8,403
Net Revenues - Adjusted			$	999,515					$	838,855					$	2,401,035					$	1,538,756
Other Revenue, net - U.S. GAAP			$	30,348					$	24,924					$	36,818					$	32,056
Interest Expense (2)			8,298						4,210						17,189						8,403
Other Revenue, net - Adjusted			$	38,646					$	29,134					$	54,007					$	40,459
Compensation Expense - U.S. GAAP			$	641,791					$	548,611					$	1,545,861					$	1,008,436
Acquisition-related Compensation Charges (3)			(7,144)						—						(14,230)						—
Compensation Expense - Adjusted			$	634,647					$	548,611					$	1,531,631					$	1,008,436
Operating Income - U.S. GAAP			$	146,576					$	150,389					$	477,302					$	261,573
Income from Equity Method Investments (1)			1,018						815						2,069						1,694
Pre-Tax Income - U.S. GAAP			147,594						151,204						479,371						263,267
Interest Expense (2)			1,413						—						2,833						—
Acquisition-related Compensation Charges (3)			7,144						—						14,230						—
Special Charges, Including Business Realignment Costs (4)			21,315						—						21,315						—
Intangible Asset Amortization (5a)			3,712						—						7,442						—
Acquisition and Transition Costs (5b)			—						1,637						1,800						1,637
Fair Value of Contingent Consideration (5c)			1,613						—						2,816						—
Pre-Tax Income - Adjusted			182,791						152,841						529,807						264,904
Interest Expense (2)			6,885						4,210						14,356						8,403
Operating Income - Adjusted			$	189,676					$	157,051					$	544,163					$	273,307
Provision for Income Taxes - U.S. GAAP			$	41,094					$	44,265					$	50,150					$	2,538
Income Taxes (6)			12,638						1,615						14,047						(1,197)
Provision for Income Taxes - Adjusted			$	53,732					$	45,880					$	64,197					$	1,341
Net Income Attributable to Evercore Inc. - U.S. GAAP			$	95,277					$	97,201					$	396,512					$	243,385
Interest Expense (2)			1,413						—						2,833						—
Acquisition-related Compensation Charges (3)			7,144						—						14,230						—
Special Charges, Including Business Realignment Costs (4)			21,315						—						21,315						—
Intangible Asset Amortization (5a)			3,712						—						7,442						—
Acquisition and Transition Costs (5b)			—						1,637						1,800						1,637
Fair Value of Contingent Consideration (5c)			1,613						—						2,816						—
Income Taxes (6)			(12,638)						(1,615)						(14,047)						1,197
Noncontrolling Interest (7)			9,220						8,147						28,894						13,954
Net Income Attributable to Evercore Inc. - Adjusted			$	127,056					$	105,370					$	461,795					$	260,173
Diluted Shares Outstanding - U.S. GAAP			41,134						41,213						41,491						41,636
LP Units (8)			2,564						2,321						2,572						2,323
Unvested Restricted Stock Units - Event Based (8)			12						12						12						12
Diluted Shares Outstanding - Adjusted			43,710						43,546						44,075						43,971
Key Metrics: (a)
Diluted Earnings Per Share - U.S. GAAP			$	2.32					$	2.36					$	9.56					$	5.85
Diluted Earnings Per Share - Adjusted			$	2.91					$	2.42					$	10.48					$	5.92
Compensation Ratio - U.S. GAAP			64.8		%				65.8		%				64.9		%				66.0		%
Compensation Ratio - Adjusted			63.5		%				65.4		%				63.8		%				65.5		%
Operating Margin - U.S. GAAP			14.8		%				18.0		%				20.0		%				17.1		%
Operating Margin - Adjusted			19.0		%				18.7		%				22.7		%				17.8		%
Effective Tax Rate - U.S. GAAP			27.8		%				29.3		%				10.5		%				1.0		%
Effective Tax Rate - Adjusted			29.4		%				30.0		%				12.1		%				0.5		%
(a) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.

A - 3

EVERCORE INC.
U.S. GAAP SEGMENT RECONCILIATION TO ADJUSTED RESULTS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026
(dollars in thousands)
(UNAUDITED)
			Investment Banking & Equities Segment
			Three Months Ended June 30, 2026																		Six Months Ended June 30, 2026
			U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis						U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis
Net Revenues:
Investment Banking & Equities:
Advisory Fees			$	775,590					$	18		(1)			$	775,608					$	2,020,329					$	26		(1)			$	2,020,355
Underwriting Fees			97,071						—						97,071						152,139						—						152,139
Commissions and Related Revenue			63,535						—						63,535						126,193						—						126,193
Other Revenue, net			30,681						8,096			(2)			38,777						36,966						16,874			(2)			53,840
Net Revenues			966,877						8,114						974,991						2,335,627						16,900						2,352,527
Expenses:
Employee Compensation and Benefits			627,299						(7,144)			(3)			620,155						1,516,453						(14,230)			(3)			1,502,223
Non-Compensation Costs			175,789						(5,325)			(5)			170,464						328,445						(12,058)			(5)			316,387
Special Charges, Including Business Realignment Costs			21,315						(21,315)			(4)			—						21,315						(21,315)			(4)			—
Total Expenses			824,403						(33,784)						790,619						1,866,213						(47,603)						1,818,610
Operating Income (a)			$	142,474					$	41,898					$	184,372					$	469,414					$	64,503					$	533,917
Compensation Ratio (b)			64.9		%										63.6		%				64.9		%										63.9		%
Operating Margin (b)			14.7		%										18.9		%				20.1		%										22.7		%
			Investment Management Segment
			Three Months Ended June 30, 2026																		Six Months Ended June 30, 2026
			U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis						U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis
Net Revenues:
Asset Management and Administration Fees			$	23,655					$	1,000		(1)			$	24,655					$	46,298					$	2,043		(1)			$	48,341
Other Revenue, net			(333)						202			(2)			(131)						(148)						315			(2)			167
Net Revenues			23,322						1,202						24,524						46,150						2,358						48,508
Expenses:
Employee Compensation and Benefits			14,492						—						14,492						29,408						—						29,408
Non-Compensation Costs			4,728						—						4,728						8,854						—						8,854
Total Expenses			19,220						—						19,220						38,262						—						38,262
Operating Income (a)			$	4,102					$	1,202					$	5,304					$	7,888					$	2,358					$	10,246
Compensation Ratio (b)			62.1		%										59.1		%				63.7		%										60.6		%
Operating Margin (b)			17.6		%										21.6		%				17.1		%										21.1		%
(a) Operating Income for U.S. GAAP excludes Income (Loss) from Equity Method Investments.
(b) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.

A - 4

EVERCORE INC.
U.S. GAAP SEGMENT RECONCILIATION TO ADJUSTED RESULTS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025
(dollars in thousands)
(UNAUDITED)
			Investment Banking & Equities Segment
			Three Months Ended June 30, 2025																		Six Months Ended June 30, 2025
			U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis						U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis
Net Revenues:
Investment Banking & Equities:
Advisory Fees			$	697,744					$	11		(1)			$	697,755					$	1,255,093					$	(27)		(1)			$	1,255,066
Underwriting Fees			32,206						—						32,206						86,461						—						86,461
Commissions and Related Revenue			58,272						—						58,272						113,382						—						113,382
Other Revenue, net			23,949						4,210			(2)			28,159						31,767						8,403			(2)			40,170
Net Revenues			812,171						4,221						816,392						1,486,703						8,376						1,495,079
Expenses:
Employee Compensation and Benefits			535,447						—						535,447						983,476						—						983,476
Non-Compensation Costs			130,773						(1,637)			(5)			129,136						250,547						(1,637)			(5)			248,910
Total Expenses			666,220						(1,637)						664,583						1,234,023						(1,637)						1,232,386
Operating Income (a)			$	145,951					$	5,858					$	151,809					$	252,680					$	10,013					$	262,693
Compensation Ratio (b)			65.9		%										65.6		%				66.2		%										65.8		%
Operating Margin (b)			18.0		%										18.6		%				17.0		%										17.6		%
			Investment Management Segment
			Three Months Ended June 30, 2025																		Six Months Ended June 30, 2025
			U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis						U.S. GAAP Basis						Adjustments						Non-GAAP Adjusted Basis
Net Revenues:
Asset Management and Administration Fees			$	20,684					$	804		(1)			$	21,488					$	41,667					$	1,721		(1)			$	43,388
Other Revenue, net			975						—						975						289						—						289
Net Revenues			21,659						804						22,463						41,956						1,721						43,677
Expenses:
Employee Compensation and Benefits			13,164						—						13,164						24,960						—						24,960
Non-Compensation Costs			4,057						—						4,057						8,103						—						8,103
Total Expenses			17,221						—						17,221						33,063						—						33,063
Operating Income (a)			$	4,438					$	804					$	5,242					$	8,893					$	1,721					$	10,614
Compensation Ratio (b)			60.8		%										58.6		%				59.5		%										57.1		%
Operating Margin (b)			20.5		%										23.3		%				21.2		%										24.3		%
(a) Operating Income for U.S. GAAP excludes Income (Loss) from Equity Method Investments.
(b) Reconciliations of the key metrics from U.S. GAAP to Adjusted results are a derivative of the reconciliations of their components above.

A - 5

EVERCORE INC.
U.S. GAAP SEGMENT AND CONSOLIDATED RESULTS
(dollars in thousands)
(UNAUDITED)
			U.S. GAAP
			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Investment Banking & Equities
Net Revenues:
Investment Banking & Equities:
Advisory Fees			$	775,590					$	697,744					$	2,020,329					$	1,255,093
Underwriting Fees			97,071						32,206						152,139						86,461
Commissions and Related Revenue			63,535						58,272						126,193						113,382
Other Revenue, net			30,681						23,949						36,966						31,767
Net Revenues			966,877						812,171						2,335,627						1,486,703
Expenses:
Employee Compensation and Benefits			627,299						535,447						1,516,453						983,476
Non-Compensation Costs			175,789						130,773						328,445						250,547
Special Charges, Including Business Realignment Costs			21,315						—						21,315						—
Total Expenses			824,403						666,220						1,866,213						1,234,023
Operating Income (a)			$	142,474					$	145,951					$	469,414					$	252,680
Investment Management
Net Revenues:
Asset Management and Administration Fees			$	23,655					$	20,684					$	46,298					$	41,667
Other Revenue, net			(333)						975						(148)						289
Net Revenues			23,322						21,659						46,150						41,956
Expenses:
Employee Compensation and Benefits			14,492						13,164						29,408						24,960
Non-Compensation Costs			4,728						4,057						8,854						8,103
Total Expenses			19,220						17,221						38,262						33,063
Operating Income (a)			$	4,102					$	4,438					$	7,888					$	8,893
Total
Net Revenues:
Investment Banking & Equities:
Advisory Fees			$	775,590					$	697,744					$	2,020,329					$	1,255,093
Underwriting Fees			97,071						32,206						152,139						86,461
Commissions and Related Revenue			63,535						58,272						126,193						113,382
Asset Management and Administration Fees			23,655						20,684						46,298						41,667
Other Revenue, net			30,348						24,924						36,818						32,056
Net Revenues			990,199						833,830						2,381,777						1,528,659
Expenses:
Employee Compensation and Benefits			641,791						548,611						1,545,861						1,008,436
Non-Compensation Costs			180,517						134,830						337,299						258,650
Special Charges, Including Business Realignment Costs			21,315						—						21,315						—
Total Expenses			843,623						683,441						1,904,475						1,267,086
Operating Income (a)			$	146,576					$	150,389					$	477,302					$	261,573
(a) Operating Income excludes Income (Loss) from Equity Method Investments.

A - 6

EVERCORE INC.
U.S. GAAP RECONCILIATION TO ADJUSTED NON-COMPENSATION COSTS
(dollars in thousands)
(UNAUDITED)
			Three Months Ended June 30, 2026
			U.S. GAAP						Adjustments						Adjusted
			(dollars in thousands)
Occupancy and Equipment Rental			$	29,726					$	—					$	29,726
Professional Fees			33,044						—						33,044
Travel and Related Expenses			35,331						—						35,331
Technology and Information Services			43,961						—						43,961
Depreciation and Amortization			12,577						(3,712)			(5a)			8,865
Execution, Clearing and Custody Fees			3,052						—						3,052
Other Operating Expenses			22,826						(1,613)			(5c)			21,213
Total Non-Compensation Costs			$	180,517					$	(5,325)					$	175,192
			Three Months Ended June 30, 2025
			U.S. GAAP						Adjustments						Adjusted
			(dollars in thousands)
Occupancy and Equipment Rental			$	26,914					$	—					$	26,914
Professional Fees			23,133						—						23,133
Travel and Related Expenses			23,984						—						23,984
Technology and Information Services			36,587						—						36,587
Depreciation and Amortization			6,450						—						6,450
Execution, Clearing and Custody Fees			3,180						—						3,180
Acquisition and Transition Costs			1,637						(1,637)			(5b)			—
Other Operating Expenses			12,945						—						12,945
Total Non-Compensation Costs			$	134,830					$	(1,637)					$	133,193
			Six Months Ended June 30, 2026
			U.S. GAAP						Adjustments						Adjusted
			(dollars in thousands)
Occupancy and Equipment Rental			$	56,791					$	—					$	56,791
Professional Fees			61,399						—						61,399
Travel and Related Expenses			63,202						—						63,202
Technology and Information Services			84,379						—						84,379
Depreciation and Amortization			25,015						(7,442)			(5a)			17,573
Execution, Clearing and Custody Fees			6,239						—						6,239
Acquisition and Transition Costs			1,800						(1,800)			(5b)			—
Other Operating Expenses			38,474						(2,816)			(5c)			35,658
Total Non-Compensation Costs			$	337,299					$	(12,058)					$	325,241
			Six Months Ended June 30, 2025
			U.S. GAAP						Adjustments						Adjusted
			(dollars in thousands)
Occupancy and Equipment Rental			$	52,645					$	—					$	52,645
Professional Fees			45,523						—						45,523
Travel and Related Expenses			46,002						—						46,002
Technology and Information Services			69,954						—						69,954
Depreciation and Amortization			12,426						—						12,426
Execution, Clearing and Custody Fees			6,526						—						6,526
Acquisition and Transition Costs			1,637						(1,637)			(5b)			—
Other Operating Expenses			23,937						—						23,937
Total Non-Compensation Costs			$	258,650					$	(1,637)					$	257,013

A - 7

Notes to Unaudited Condensed Consolidated Adjusted Financial Data

For further information on these adjustments, see page A-2.

(1)Income (Loss) from Equity Method Investments has been reclassified to Revenue in the Adjusted presentation.

(2)Interest Expense on Debt, Lines of Credit and Other Financing Arrangements is excluded from Net Revenues and presented below Operating Income in the Adjusted results and is included in Interest Expense on a U.S. GAAP basis. The Adjusted results also reflect the reduction of interest expense accrued for deferred acquisition consideration issued in the acquisition of Robey Warshaw.

(3)Expenses associated with awards granted in conjunction with the Company's acquisition of Robey Warshaw are excluded from the Adjusted presentation.

(4)Expenses during 2026 that are excluded from the Adjusted presentation reflect an estimated loss provision for non-U.S. employment taxes for prior periods.

(5)Non-Compensation Costs on an Adjusted basis reflect the following adjustments:

(5a)The exclusion from the Adjusted presentation of expenses associated with the amortization of intangible assets from the acquisition of Robey Warshaw.

(5b)The exclusion from the Adjusted presentation of costs incurred for the impairment of a lease in the first quarter of 2026 related to the acquisition of Robey Warshaw and professional fees incurred in the second quarter of 2025 related to transitioning acquisitions or divestitures.

(5c)The exclusion from the Adjusted presentation of the expense, or reversal of expense, associated with the changes in fair value of contingent consideration issued to the sellers of Robey Warshaw.

(6)Evercore is organized as a series of Limited Liability Companies, Partnerships, C-Corporations and a Public Corporation in the U.S. as the ultimate parent. Certain of the subsidiaries, particularly Evercore LP, have noncontrolling interests held by management or former members of management. As a result, not all of the Company’s income is subject to corporate level taxes and certain other state and local taxes are levied. The assumption in the Adjusted earnings presentation is that substantially all of the noncontrolling interest is eliminated through the exchange of Evercore LP units into Class A common stock of the ultimate parent. As a result, the Adjusted earnings presentation assumes that the allocation of earnings to Evercore LP’s noncontrolling interest holders is substantially eliminated and is therefore subject to statutory tax rates of a C-Corporation under a conventional tax structure in the U.S. and that certain state and local taxes are reduced accordingly.

(7)Reflects an adjustment to eliminate noncontrolling interest related to substantially all Evercore LP partnership units which are assumed to be converted to Class A common stock in the Adjusted presentation.

(8)Assumes the exchange into Class A shares of substantially all Evercore LP Units and IPO related restricted stock unit awards in the Adjusted presentation. In the computation of outstanding common stock equivalents for U.S. GAAP net income per share, the Evercore LP Units are anti-dilutive.

A - 8

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