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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment Banking & Equities:        
Other Revenue, Including Interest and Investments $ 21,784 $ 24,221 $ 54,477 $ 51,067
Total Revenues 693,413 503,600 1,278,416 1,079,914
Interest Expense 4,189 4,181 8,377 8,352
Net Revenues 689,224 499,419 1,270,039 1,071,562
Expenses        
Employee Compensation and Benefits 458,935 338,374 846,640 705,246
Occupancy and Equipment Rental 21,801 21,521 43,745 41,900
Professional Fees 34,288 27,465 65,507 51,602
Travel and Related Expenses 21,384 17,422 40,606 32,625
Communications and Information Services 19,586 17,836 38,753 33,571
Depreciation and Amortization 6,439 5,952 12,732 12,525
Execution, Clearing and Custody Fees 3,051 2,965 6,392 5,730
Special Charges, Including Business Realignment Costs 0 0 0 2,921
Other Operating Expenses 15,497 10,168 23,301 20,822
Total Expenses 580,981 441,703 1,077,676 906,942
Income Before Income from Equity Method Investments and Income Taxes 108,243 57,716 192,363 164,620
Income from Equity Method Investments 1,857 1,542 4,182 3,010
Income Before Income Taxes 110,100 59,258 196,545 167,630
Provision for Income Taxes 28,367 17,097 21,688 33,228
Net Income 81,733 42,161 174,857 134,402
Net Income Attributable to Noncontrolling Interest 7,975 4,956 15,406 13,819
Net Income Attributable to Evercore Inc. 73,758 37,205 159,451 120,583
Net Income Attributable to Evercore Inc. Common Shareholders $ 73,758 $ 37,205 $ 159,451 $ 120,583
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 38,502 38,211 38,470 38,360
Diluted (in shares) 40,857 39,288 40,969 39,863
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:        
Basic (in dollars per share) $ 1.92 $ 0.97 $ 4.14 $ 3.14
Diluted (in dollars per share) $ 1.81 $ 0.95 $ 3.89 $ 3.02
Investment Banking and Equities [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 652,429 $ 462,804 $ 1,186,040 $ 996,314
Net Revenues 670,010 482,246 1,231,738 1,037,057
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 103,642 53,902 182,532 156,712
Income from Equity Method Investments 147 143 835 214
Income Before Income Taxes 103,789 54,045 183,367 156,926
Investment Banking and Equities [Member] | Advisory Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 568,231 374,556 998,069 837,118
Investment Banking and Equities [Member] | Underwriting Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 30,999 38,200 86,534 61,083
Investment Banking and Equities [Member] | Commissions and Related Revenue [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 53,199 50,048 101,437 98,113
Investment Management [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer 19,200 16,575 37,899 32,533
Net Revenues 19,214 17,173 38,301 34,505
Expenses        
Income Before Income from Equity Method Investments and Income Taxes 4,601 3,814 9,831 7,908
Income from Equity Method Investments 1,710 1,399 3,347 2,796
Income Before Income Taxes 6,311 5,213 13,178 10,704
Investment Management [Member] | Asset Management and Administration Fees [Member]        
Investment Banking & Equities:        
Revenue from Contract with Customer $ 19,200 $ 16,575 $ 37,899 $ 32,533