Evercore Inc (NYSE: EVR) is an independent investment banking advisory firm that provides merger and acquisition advisory, restructuring, capital markets advisory, and equity research services to corporations, institutions, and financial sponsors. Revenue is generated primarily through transaction-based advisory fees, earned upon the completion or advancement of M&A, restructuring, and capital raising assignments. Evercore operates as an independent advisor, meaning it does not maintain a balance sheet lending business or proprietary trading operation, positioning it against both bulge-bracket banks such as Goldman Sachs and Morgan Stanley and other independent advisory firms such as Lazard and PJT Partners. The firm lists its Class A common stock on the New York Stock Exchange under the ticker EVR. As of February 11, 2026, the filing confirms two share classes outstanding: Class A and Class B common stock, each with a par value of $0.01 per share. The 10-K filed February 20, 2026 covers fiscal year ended in that reporting cycle.

Revenue model

Transaction-based advisory fees, earned on completion or progression of M&A, restructuring, and capital markets advisory mandates. The firm also generates revenue through equity research and related institutional services.

Products and services

M&A advisory, restructuring advisory, capital markets advisory, equity research, and institutional equities services.

Customers and end markets

Corporations, financial sponsors, and institutional clients seeking independent advisory on mergers, acquisitions, divestitures, restructurings, and capital raises.

Value-chain role

Independent financial advisor and intermediary between buyers, sellers, creditors, and capital markets participants. No balance sheet lending or proprietary trading.

Geographic exposure

The filing excerpts do not provide a specific geographic revenue breakdown. Evercore is incorporated in the United States and lists on the New York Stock Exchange.

Competitors

Lazard, PJT Partners, Goldman Sachs, Morgan Stanley

Source: SEC 10-K, filed 2026-02-20

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