Investment Banking Equities was Evercore’s largest segment in fiscal 2024, bringing in $2.81B of $2.89B (97%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment Banking Equities | — | $2.39B | $2.28B | $2.81B | ||||||||||||
| Investment Banking & Equities | $2.75B | — | — | — | ||||||||||||
| Investment Banking | — | — | — | — | ||||||||||||
| Investment Management | — | $64.48M | $67.04M | $79.55M | ||||||||||||
| Investment Management | $65.78M | — | — | — | ||||||||||||
| Total | $2.82B | $2.46B | $2.34B | $2.89B |
Evercore brought in $2.89B from its two segments in fiscal 2024, the year ended December 31, 2024. That was up 23.3% from $2.34B in fiscal 2023. Investment Banking Equities was the largest at $2.81B (97.2%), ahead of Investment Management at $79.55M (2.8%).
Compared with fiscal 2023, Investment Banking Equities grew 23.4% to $2.81B and Investment Management grew 18.7% to $79.55M.
Evercore began breaking out Investment Banking Equities in fiscal 2022 and Investment Management in fiscal 2022. Evercore stopped reporting Investment Banking & Equities ($2.75B in fiscal 2021) and Investment Management ($65.78M in fiscal 2021) as separate segments.
Advisory Fees was Evercore’s largest segment in fiscal 2022, bringing in $2.39B of $2.85B (84%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Advisory Fees | $1.65B | $1.76B | $2.75B | $2.39B | |
| Commissions & Related Revenue | $190.10M | $207.62M | $205.82M | $206.21M | |
| Commissions & Related Fees | — | — | — | — | |
| Underwriting Fees | $89.68M | $276.19M | $246.71M | $122.60M | |
| Asset Management & Administration Fees | — | — | $65.78M | $64.48M | |
| Asset Management | $50.61M | — | — | — | |
| Wealth Management | $48.08M | $53.07M | $65.78M | $64.48M | |
| Institutional Asset Management | $2.53M | $1.33M | — | — | |
| Total | $2.03B | $2.29B | $3.34B | $2.85B |
Evercore brought in $2.85B from its five segments in fiscal 2022, the year ended December 31, 2022. That was down 14.5% from $3.34B in fiscal 2021. Advisory Fees was the largest at $2.39B (83.9%), ahead of Commissions & Related Revenue at $206.21M (7.2%) and Underwriting Fees at $122.60M (4.3%). The other two segments brought in $128.97M combined.
Compared with fiscal 2021, Commissions & Related Revenue grew fastest, up 0.2% to $206.21M, while Underwriting Fees fell the most, down 50.3% to $122.60M.
Evercore began breaking out Asset Management & Administration Fees in fiscal 2021, when it brought in $65.78M. Evercore stopped reporting Asset Management ($50.61M in fiscal 2019) and Institutional Asset Management ($1.33M in fiscal 2020) as separate segments.
Evercore (EVR) reports its revenue by statement business segments and by segment. In fiscal 2024, Investment Banking Equities was its largest segment, bringing in $2.81B (97.2% of the total), followed by Investment Management at $79.55M (2.8%).
Investment Banking Equities was Evercore's largest segment in fiscal 2024, bringing in $2.81B, or 97.2% of the $2.89B total across its two segments.
Investment Banking Equities grew faster than Investment Management in fiscal 2024, up 23.4% from $2.28B to $2.81B. Investment Management grew 18.7% to $79.55M.
Every figure comes from Evercore's annual financial filings, as reported. Each line keeps the name Evercore gives it, and years follow its fiscal calendar.
Evercore's revenue by statement business segments goes back to fiscal 2009, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.