Record Third Quarter Results
Evercore delivered record third quarter results with over $1 billion in adjusted net revenues, up 42% year-over-year, marking the best third quarter ever and the second best quarter in the company's history.
Strong Performance Across Segments
The company experienced broad-based strength across its diversified platform, with the U.S. M&A advisory practice gaining momentum across sectors, and the European Advisory business delivering its best quarter on record.
Increase in Backlog and Client Activity
Evercore's backlog continued to increase, with strong client activity across the firm, indicating a robust pipeline and positive trends into the next year.
Successful Recruitment Efforts
2025 has been Evercore's strongest recruiting year-to-date, with the addition of 18 partners and 1 senior adviser, increasing the number of investment banking SMDs by nearly 50% since year-end 2021.
Record Non-M&A Revenue
Approximately 45% of third-quarter revenues were from non-M&A sources, with strong performances in Private Capital Advisory, Private Funds Group, and Liability Management and Restructuring.
Wealth Management Growth
Wealth Management achieved a record quarter-end AUM of approximately $15.4 billion driven by both market appreciation and strong new net client inflows.