Strong Year-Over-Year Revenue Growth
Evercore's first quarter 2025 adjusted net revenues were $700 million, a 19% increase compared to the first quarter of 2024.
Record Performance in Private Capital Advisory
The Private Capital Advisory group had a record first quarter, with GP-led continuation vehicles being a primary revenue driver.
Increase in Advisory Fees
First quarter adjusted advisory fees were $557 million, representing a 29% year-over-year increase.
Equities Franchise Performance
The equities franchise had its strongest first quarter since 2020, driven by market volatility and increased trading volumes.
Net Tax Benefit
The adjusted tax rate for the quarter was negative 39.7% due to a $78 million benefit related to the vesting of RSUs.