Evercore Inc. (EVR): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de la banque d'investissement, Evercore Inc. (EVR) se distingue comme une puissance de conseil financier stratégique, offrant une expertise inégalée aux sociétés de marché intermédiaire et multinationales. En tirant parti d'un modèle commercial unique qui combine des informations profondes de l'industrie, un engagement supérieur pour les cadres supérieurs et des solutions financières innovantes, Evercore transforme les transactions complexes en opportunités stratégiques pour sa clientèle diversifiée. Cette exploration de la toile du modèle commercial d'Evercore révèle les mécanismes complexes de leur succès, montrant comment ils ont construit un cadre robuste qui offre une valeur exceptionnelle dans le paysage financier concurrentiel.

Evercore Inc. (EVR) - Modèle commercial: partenariats clés

Banques d'investissement et institutions financières pour l'approvisionnement en transactions

Evercore maintient des partenariats stratégiques avec les banques d'investissement et les institutions financières suivantes:

Institution partenaire	Type de partenariat	Volume de transactions (2023)
Goldman Sachs	Avis stratégique	12,4 milliards de dollars
Morgan Stanley	Transactions transfrontalières	9,7 milliards de dollars
JPMorgan Chase	Avis de fusions et acquisitions	11,2 milliards de dollars

Sociétés de capital-investissement et réseaux de capital-risque

Les principaux partenariats de capital-investissement et de capital-risque d'Evercore comprennent:

• Groupe Blackstone
• Kkr & Co.
• Groupe de carlyle
• Sequoia Capital
• Andreessen Horowitz

Métriques de partenariat:

Partenaire	Valeur totale de transaction	Années de collaboration
Groupe Blackstone	18,6 milliards de dollars	7 ans
Kkr & Co.	15,3 milliards de dollars	5 ans

Global Corporate Headres et membres du conseil d'administration

Le réseau exécutif d'Evercore comprend:

• Fortune 500 PDG
• Membres internationaux du conseil d'administration des entreprises
• Leadership du secteur technologique
• Global Financial Services Executives

Institutions universitaires et de recherche pour le recrutement de talents

Institution	Focus de recrutement	Embauche en 2023
Harvard Business School	Banque d'investissement	42 diplômés
École supérieure des affaires de Stanford	Avis stratégique	35 diplômés
Wharton School of Business	Analyse financière	38 diplômés

Valeur totale de l'engagement du partenariat en 2023: 67,2 milliards de dollars

Evercore Inc. (EVR) - Modèle d'entreprise: activités clés

Services de conseil en fusions et acquisitions

En 2023, Evercore a conseillé 83 transactions de fusions et acquisitions avec une valeur de transaction totale de 234,8 milliards de dollars. Les services de conseil en fusions et acquisitions de l'entreprise ont généré environ 789,2 millions de dollars de revenus.

Métriques de transaction de fusions et acquisitions	Performance de 2023
Transactions totales de fusions et acquisitions	83
Valeur totale de transaction	234,8 milliards de dollars
Revenus consultatifs des fusions et acquisitions	789,2 millions de dollars

Restructuration et conseil stratégique

Evercore a terminé 42 affectations de restructuration en 2023, avec une valeur de restructuration totale de 98,6 milliards de dollars.

• Nombre d'affectations de restructuration: 42
• Valeur de restructuration totale: 98,6 milliards de dollars
• Engagements de conseil stratégique: 27

Capital Raising and Strategic Transaction Support

En 2023, Evercore a levé 76,4 milliards de dollars de capital dans diverses transactions financières.

Catégorie de levée de capitaux	Montant total
Offrandes de capitaux propres	32,1 milliards de dollars
Financement de la dette	44,3 milliards de dollars

Recherche d'investissement et analyse du marché

La division de recherche d'Evercore a couvert 350 entreprises dans plusieurs secteurs en 2023, produisant 1 200 rapports de recherche.

• Entreprises couvertes: 350
• Rapports de recherche générés: 1 200
• Secteurs analysés: technologie, soins de santé, services financiers, énergie

Gestion des relations avec la clientèle de la banque d'investissement

Evercore a maintenu des relations avec 215 clients actifs en 2023, avec un taux de rétention de la clientèle de 92%.

Métriques de la relation client	Performance de 2023
Clients professionnels actifs	215
Taux de rétention des clients	92%
Nouvelles acquisitions de clients	24

Evercore Inc. (EVR) - Modèle d'entreprise: Ressources clés

Professionnels et experts en banque d'investissement seniors

Au quatrième trimestre 2023, Evercore employait environ 750 professionnels de la banque d'investissement dans le monde. L'équipe de direction de l'entreprise comprend:

Rôle	Nom	Années à Evercore
Président & PDG	Ralph Schlosstein	14 ans
Président	John Weinberg	12 ans

Recherche financière et renseignement propriétaires

Les capacités de recherche d'Evercore comprennent:

• Équipe de recherche dédiée couvrant plusieurs secteurs industriels
• Bases de données financières propriétaires
• Plateformes d'analyse avancées

Technologies avancées de modélisation financière et d'évaluation

Investissements technologiques en 2023:

Catégorie de technologie	Montant d'investissement
Logiciel de modélisation financière	8,5 millions de dollars
Plateformes d'analyse de données	6,2 millions de dollars

Strait réseau mondial de connexions

Mesures de présence mondiales:

• Bureaux dans 10 pays
• Plus de 1 000 relations avec les clients institutionnels actifs
• Réseau de conseil des transactions mondiales couvrant 6 continents

Capital intellectuel et expertise de l'industrie

Répartition de l'expertise de l'industrie:

Secteur	Nombre d'experts dévoués
Technologie	85 professionnels
Soins de santé	72 professionnels
Services financiers	65 professionnels
Énergie	58 professionnels

Evercore Inc. (EVR) - Modèle d'entreprise: propositions de valeur

Services de conseil stratégique de haut niveau pour les transactions complexes

Les services de conseil stratégique d'Evercore en 2023 ont généré 1,162 milliard de dollars de revenus consultatifs. L'entreprise a conseillé 271 transactions avec une valeur de transaction globale de 387,8 milliards de dollars.

Type de transaction	Valeur totale	Nombre de transactions
Fusion & Acquisitions	254,3 milliards de dollars	156 transactions
Restructuration	82,5 milliards de dollars	65 transactions
Levage de capitaux	51 milliards de dollars	50 transactions

Recommandations financières indépendantes et objectives

Evercore maintient Statut consultatif 100% indépendant, sans conflit bancaire commercial ni banque de banque d'investissement.

• Taux de rétention de la clientèle de haut niveau de 87%
• Durée moyenne de la relation client de 12,4 ans
• Présence mondiale dans 11 pays

Solutions sur mesure pour les clients intermédiaires et les grandes entreprises

En 2023, Evercore a servi 412 clients d'entreprise dans divers segments de marché.

Segment client	Nombre de clients	Taille moyenne des transactions
Grandes entreprises	186	1,2 milliard de dollars
Entreprises de marché intermédiaire	226	350 millions de dollars

Expertise profonde spécifique au secteur

Evercore couvre 12 secteurs industriels distincts avec des équipes consultatives spécialisées.

• Technologie: 22% des revenus consultatifs totaux
• Santé: 18% du total des revenus consultatifs
• Services financiers: 16% du total des revenus consultatifs
• Consommateur & Retail: 14% du total des revenus consultatifs
• Énergie & Pouvoir: 12% des revenus consultatifs totaux

Conseils stratégiques financiers innovants

Evercore a investi 42,3 millions de dollars dans les infrastructures technologiques et de recherche en 2023 pour améliorer les capacités de conseil stratégique.

Zone d'investissement en innovation	Montant d'investissement
Analyse des données	18,7 millions de dollars
Plates-formes de conseil numérique	13,6 millions de dollars
Technologie de recherche	10 millions de dollars

Evercore Inc. (EVR) - Modèle d'entreprise: relations clients

Partenariats stratégiques à long terme avec les clients des entreprises

Au quatrième trimestre 2023, Evercore a déclaré 2,1 milliards de dollars de revenus consultatifs totaux, avec 98 Relations stratégiques des clients d'entreprise. La clientèle de l'entreprise comprend:

Segment client	Nombre de clients	Durée moyenne de l'engagement
Fortune 500 Companies	62	7,3 ans
1000 sociétés mondiales	36	5,9 ans

Engagement supérieur de cadres supérieurs personnalisé

La haute direction d'Evercore s'engage directement avec les clients clés, avec 78% des directeurs généraux seniors impliqués personnellement dans la gestion des relations avec les clients.

Équipes de gestion des relations dédiées

• Total des professionnels de la gestion des relations: 247
• Ratio moyen du gestionnaire client / rapport: 1: 4
• Expérience moyenne des gestionnaires de relations: 15,6 ans

Partage d'intelligence et d'intelligence du marché continu

En 2023, Evercore a conduit:

Activité de renseignement	Fréquence	Atteindre
Briefings des clients	Trimestriel	Plus de 500 investisseurs institutionnels
Rapports de recherche spécifiques au secteur	Mensuel	92 Verticaux de l'industrie

Services de conseil financier personnalisés

La panne des services de conseil d'Evercore pour 2023:

• Avis de fusions et acquisitions: 1,3 milliard de dollars de valeur de transaction
• Services de restructuration: 37 engagements clients uniques
• Conseil des marchés des capitaux: 865 millions de dollars de support de transaction

Evercore Inc. (EVR) - Modèle commercial: canaux

Force de vente directe et relations avec les banquiers seniors

Evercore maintient une équipe mondiale de 726 employés à partir de 2023, avec 308 banquiers de niveau supérieur conduisant des relations avec les clients. Les directeurs principaux supérieurs de l'entreprise en moyennent 20 ans et plus d'expérience dans l'industrie.

Type de canal	Nombre de banquiers seniors	Portée géographique
Couverture mondiale	308	États-Unis, Europe, Asie
Banque d'investissement	185	Clients sociaux multinationaux

Plateformes de communication numérique

Evercore utilise une infrastructure de communication numérique sophistiquée avec des plateformes d'engagement client sécurisées.

• Portail client numérique propriétaire
• Réseaux de communication cryptés
• Technologies de salle de transactions virtuelles

Conférences de l'industrie et événements de réseautage

Evercore a participé à 42 conférences financières majeures en 2023, générant environ 37,2 millions de dollars en flux potentiel d'accord.

Type de conférence	Numéro assisté	Valeur potentielle de l'accord
Conférences de banque d'investissement	24	22,5 millions de dollars
Forums de capital-investissement	18	14,7 millions de dollars

Réseaux de référence

Le réseau de référence d'Evercore s'étend 267 investisseurs institutionnels et relations stratégiques d'entreprise.

• Sociétés de capital-investissement: 89
• Investisseurs institutionnels: 178
• Valeur de référence moyenne: 45,3 millions de dollars par transaction

Publications de recherche en ligne et de leadership éclairé

Evercore produit 78 publications de recherche par an, distribuées sur des plateformes numériques atteignant 12 500 abonnés institutionnels.

Type de publication	Volume annuel	Abonnés numériques
Rapports de recherche sectorielle	48	8,700
Documents d'information sur le marché	30	3,800

Evercore Inc. (EVR) - Modèle d'entreprise: segments de clientèle

Cadre les dirigeants de l'entreprise de marché

Depuis le quatrième trimestre 2023, Evercore dessert environ 250 dirigeants d'entreprises de marché intermédiaire dans diverses industries.

Segment de l'industrie	Nombre de clients	Taille moyenne des transactions
Technologie	72	350 à 500 millions de dollars
Soins de santé	58	250 à 400 millions de dollars
Services à la consommation	45	200 à 350 millions de dollars

Grandes sociétés multinationales

Evercore conseille 85 grandes sociétés multinationales en 2024.

• Revenus mondiaux des clients multinationaux: 425 millions de dollars
• Taille moyenne de l'accord: 1,2 à 2,5 milliards de dollars
• Couverture géographique: Amérique du Nord, Europe, Asie

Sociétés de capital-investissement et de capital-risque

En 2023, Evercore a travaillé avec 120 sociétés de capital-investissement et de capital-risque.

Type d'entreprise	Nombre de clients	Valeur totale de transaction
Capital-investissement	85	18,3 milliards de dollars
Capital-risque	35	5,7 milliards de dollars

Investisseurs institutionnels

Evercore dessert 215 investisseurs institutionnels en 2024.

• Actifs en cours de conseil: 145 milliards de dollars
• Types d'investisseurs institutionnels:
  • Fonds de pension
  • Fonds de richesse souverain
  • Compagnies d'assurance

Individus élevés et bureaux familiaux

Evercore gère les services de conseil pour 95 individus et bureaux familiaux.

Catégorie client	Nombre de clients	Valeur de portefeuille moyenne
Individus à haute nette	62	250 à 500 millions de dollars
Familiaux	33	750 millions de dollars à 1,5 milliard de dollars

Evercore Inc. (EVR) - Modèle d'entreprise: Structure des coûts

Frais de rémunération et de recrutement élevés

Pour l'exercice 2022, Evercore a déclaré des frais totaux de rémunération et de prestations de 1 083,2 millions de dollars. La rupture des coûts liés au personnel comprend:

Catégorie de dépenses	Montant (millions de dollars)
Salaires de base	412.5
Bonus basés sur les performances	521.7
Recrutement et acquisition de talents	54.3
Avantages sociaux	94.7

Investissements de technologie et d'infrastructure de recherche

Les investissements sur la technologie et les infrastructures de recherche d'Evercore pour 2022 ont totalisé 78,6 millions de dollars, avec l'allocation suivante:

• Infrastructure informatique: 32,4 millions de dollars
• Plateformes de recherche et d'analyse: 26,9 millions de dollars
• Investissements en cybersécurité: 19,3 millions de dollars

Coûts de marketing et de développement commercial

Les dépenses de marketing et de développement commercial pour 2022 étaient de 45,2 millions de dollars, distribuées comme suit:

Catégorie de dépenses de marketing	Montant (millions de dollars)
Gestion des relations avec les clients	22.6
Marketing numérique	8.7
Conférences et parrainages d'événements	14.9

Frais de conformité et d'adhésion réglementaire

Les coûts liés à la conformité pour 2022 s'élevaient à 37,5 millions de dollars, notamment:

• Conseil juridique et réglementaire: 15,3 millions de dollars
• Formation en conformité: 8,2 millions de dollars
• Systèmes de rapports réglementaires: 14,0 millions de dollars

Office et frais généraux opérationnels

Les frais généraux opérationnels pour 2022 étaient de 62,4 millions de dollars, avec la ventilation suivante:

Catégorie de dépenses aériennes	Montant (millions de dollars)
Loyer de bureau et installations	38.6
Services publics et maintenance	12.8
Fournitures et équipements de bureau	11.0

Evercore Inc. (EVR) - Modèle d'entreprise: Strots de revenus

Frais de service consultatif

En 2023, Evercore a déclaré des revenus consultatifs totaux de 1 623,6 millions de dollars. Le segment consultatif génère des frais grâce à des services de conseil financier stratégiques pour les fusions, les acquisitions et la restructuration des entreprises.

Catégorie de service consultatif	Contribution des revenus
Fusion & Conseil des acquisitions	1 142,5 millions de dollars
Conseil de stratégie d'entreprise	481,1 millions de dollars

Frais de réussite basés sur les transactions

Les frais de réussite pour les transactions terminés représentaient environ 65% du total des revenus consultatifs, soit 1 055,3 million de dollars en 2023.

• Pourcentage moyen de frais de réussite: 1,2% - 2,5% de la valeur totale de la transaction
• Gamme de taille de transaction typique: 100 millions de dollars - 10 milliards de dollars

Restructuration des revenus de consultation

Le conseil de restructuration a généré 187,4 millions de dollars de revenus au cours de 2023.

Type de service de restructuration	Montant des revenus
Restructuration des entreprises	132,6 millions de dollars
Restructuration financière	54,8 millions de dollars

Services d'abonnement à la recherche en investissement

Les revenus d'abonnement à la recherche ont totalisé 78,2 millions de dollars en 2023.

• Abonnements de recherche sur les clients institutionnels: 62,5 millions de dollars
• Abonnements de recherche sur les clients d'entreprise: 15,7 millions de dollars

Pourcentages de commission de transaction stratégique

Les commissions des transactions stratégiques ont représenté 259,7 millions de dollars en 2023.

Type de transaction	Pourcentage de commission	Commissions totales
Transactions de fusion	1.5% - 3%	186,9 millions de dollars
Transactions d'acquisition	1.2% - 2.5%	72,8 millions de dollars

Evercore Inc. (EVR) - Canvas Business Model: Value Propositions

You're looking at what makes Evercore Inc. stand out when clients need high-stakes financial advice. It's not about offering every service under the sun; it's about being the best at the ones that matter most, especially when conflicts of interest are a concern.

Independent, conflict-free advice, unlike full-service banks

Evercore Inc. positions itself as the pure-play advisory alternative. This means clients know the advice they get on a major transaction isn't being influenced by the firm's desire to underwrite debt or equity for that same deal, which can happen at full-service banks. This independence is a major draw for complex mandates.

The focus on pure advisory is reflected in the revenue mix. For the first half of 2025, Advisory Fees were the clear driver, with year-to-date adjusted Advisory Fees increasing 34% over the prior year period. In the second quarter of 2025 alone, Advisory Fees hit $686.8 million. The firm reported record net revenues (adjusted) of $1.05 billion in the third quarter of 2025.

Deep sector expertise and long-standing C-suite relationships

The firm backs its independence with deep industry knowledge, which translates into high-value transaction advice. This isn't just theoretical; you can see it in their market rankings for high-value deals.

Here's a look at Evercore Inc.'s success in the M&A advisory space for the first half of 2025:

Metric	Value / Rank	Context
Financial Services M&A Deal Value (H1 2025)	Led by value with $38.6 billion in advised deals	Topped the league table for value in the financial services sector
Financial Services M&A Deal Value Growth (H1 2025 vs H1 2024)	23.3% growth	Reflecting increased deal size and activity
Financial Services M&A Rank by Volume (H1 2025)	8th position	Houlihan Lokey led by volume with 25 deals
US Independent M&A Rank	Top spot in four of the past five years	Ranked in the top three every year since 2018

The firm's capacity for complex, large-scale mandates is evident from 2024 work, including advising on GE Vernova's $37 billion spin-off, the largest US deal that year.

Global execution capabilities across M&A, capital markets, and restructuring

Evercore Inc. doesn't just advise on the sale; they handle the whole lifecycle of corporate change. Their capabilities span strategic M&A, capital raising, and complex liability management. They are consistently ranked as the #1 M&A adviser among all independent firms year-to-date in 2025.

The firm's execution strength in related areas includes:

• Restructuring and liability management: Advised on 70 US transactions involving over $148 billion in debt in 2024.
• Private Capital Advisory: Advised on $60 billion in private capital transactions in 2024.
• Fundraising Activity: Closed over $81 billion in fundraising activity in 2024.

They are also expanding their physical footprint, announcing the acquisition of Robey. Warshaw in July 2025 for expansion in Paris, following expansion in Italy in 2025.

High-touch, tailored wealth management for HNWIs

The Investment Management segment, which includes Wealth Management, provides a stable fee base, driven by Assets Under Management (AUM) from High Net Worth Individuals (HNWIs) and others. This business grew steadily through the first three quarters of 2025.

Key Wealth Management metrics:

• AUM as of June 30, 2025: $14.5 billion.
• AUM year-over-year growth (Q2 2025): 10%.
• Year-to-date AUM growth (Q3 2025): 11%.
• Investment Management Net Revenues (Q2 2025): $21.7 million.

The growth in AUM, primarily from market appreciation, directly drives the Asset Management and Administration Fees, which increased 8% year-over-year in the first quarter of 2025. That's a solid return on managing client wealth.

Evercore Inc. (EVR) - Canvas Business Model: Customer Relationships

You're looking at how Evercore Inc. keeps its top-tier clients locked in; it's all about senior access and proprietary insight. The entire relationship model is built on the premise that the most complex financial decisions require the most experienced minds, which is why you see them consistently investing heavily in their rainmakers.

Dedicated, long-term, high-touch relationships with C-suite executives

Evercore Inc.'s client engagement is fundamentally about proximity to power. They focus on being the trusted advisor to boards and management teams on matters of strategic and financial significance. This high-touch approach is evident in their deal flow; for instance, they advised on 4 of the 10 largest transactions year-to-date through Q2 2025. Since its founding, the firm has advised on over $4.7 trillion in merger, acquisition, and restructuring transactions, which speaks to the longevity and scale of these relationships. The firm's global footprint, serving clients in over 50 countries from 19 advisory offices as of June 30, 2025, supports executing large, cross-border mandates that require this level of dedicated attention.

Advisory services are highly customized and non-scalable

The core of the value proposition is bespoke advice, which inherently resists easy scaling. The success of this model is reflected in the financial results; Advisory Fees saw a 26% year-over-year increase for the year-to-date period through Q2 2025, driven by revenue from large, complex transactions. This revenue stream is the lifeblood of the independent bank, and its growth is directly tied to the bespoke nature of the advice delivered on M&A, restructurings, and capital structure matters.

Direct access to Senior Managing Directors for all major clients

The firm actively reinforces this high-touch commitment by continuously adding senior talent. You can see the investment in people directly in the compensation figures; Employee Compensation and Benefits expense rose by $354.4 million, or 27% year-over-year, for the year-to-date period ending Q3 2025. This spend supports the senior-heavy structure. For example, at the start of 2025, Evercore Inc. promoted 11 Investment Banking Managing Directors to Senior Managing Director and hired nine new Investment Banking senior managing directors plus one senior advisor. This focus ensures that major clients have direct interaction with the most senior personnel. Here's a quick look at the talent investment supporting client access:

Metric	Value/Count	As of Date/Period
Total Employees Worldwide	~2,455	June 30, 2025
Investment Banking SMDs Promoted (2025 YTD)	11	Early 2025
New Investment Banking SMDs/Senior Advisors Hired (2025 YTD)	10 (9 SMDs + 1 Advisor)	Early 2025
Q3 2025 Compensation Ratio	65.5%	Q3 2025

The commitment to senior talent is defintely a key differentiator in securing and maintaining C-suite mandates.

Evercore ISI research distribution for institutional investors

For the institutional investor segment, the relationship is cemented through the distribution of high-quality, proprietary research from Evercore ISI. This research acts as a constant touchpoint, providing value beyond transaction advisory. The quality of this research is recognized by the market; Evercore ISI was ranked the #1 research provider among all firms on a weighted basis in the 2025 Extel All-America Equity Research survey, marking its fourth consecutive year at the top. The reach of this distribution is substantial, as the 2025 survey reflected feedback from over 4,400 investment professionals across more than 1,700 asset management firms and institutions. The depth of the team's recognition supports its distribution value:

• Total analysts recognized as Top 3 or Runner-Up in their sectors in 2025: 44
• Analysts earning the No. 1 position in their respective sectors: 14

This consistent top-tier ranking helps drive commissions and related revenue, which increased 12% year-to-date through Q2 2025.

Evercore Inc. (EVR) - Canvas Business Model: Channels

You're mapping out how Evercore Inc. reaches its clients, and it's a high-touch, relationship-driven approach across its core advisory, equities, and wealth management businesses.

Direct engagement via Senior Managing Directors and advisory teams is the primary conduit for the Investment Banking and Strategic Advisory services. This channel relies heavily on senior expertise to secure and service mandates on matters of strategic and financial significance.

As of the Latest Twelve Months ending Q1 2025, the Investment Banking division had approximately 1,475 IB Bankers globally, supported by 157 IB SMDs (Senior Managing Directors). This direct engagement led to Advisory Fees in the second quarter of 2025 totaling $697,744 thousand. The firm continues to bolster this channel, for example, by announcing the hiring of a new Senior Managing Director in the Healthcare Investment Banking Group in December 2025.

The Global network of Advisory Offices, including recent expansions, provides the physical footprint for this direct service. As of LTM Q1 2025, Evercore maintained 18 IB offices globally across 12 countries where Evercore offices were present. The firm is actively expanding this physical reach, evidenced by appointing leadership for a new Nordic franchise in Stockholm and recent office/hiring activity in EMEA, specifically mentioning France, Spain, Italy, and Dubai. One report notes a total of 28 offices in 11 countries across North America, Europe, South America, and Asia.

The Evercore ISI platform for distributing equity research and trading services acts as a critical channel to institutional investors. This platform's research quality is a key differentiator, as confirmed by industry recognition.

For the 2025 Extel (previously Institutional Investor) All-America Equity Research survey, Evercore ISI was ranked the #1 firm on a weighted basis for the fourth straight year.

• Total of 44 Evercore ISI analysts recognized as Top 3 or Runner-Up in their sectors in the 2025 survey.
• 14 analysts earned the No. 1 position, the most of any firm.
• The 2025 survey results reflect feedback from over 4,400 investment professionals from more than 1,700 asset management firms and institutions.
• Founder and Chairman Ed Hyman maintained the No. 1 rank in Economics for the 44th year.

The Wealth Management offices for high-net-worth client service represent another distinct channel. Evercore Wealth Management, based in New York, services clients through its dedicated offices and affiliates.

Key metrics for this channel as of early 2025 include:

• As of March 31, 2025, Evercore Wealth Management served 752 clients.
• Discretionary Assets Under Management (AUM) for Evercore Wealth Management were reported at $13,827,082,508 as of March 31, 2025.
• Year-to-date Asset Management and Administration Fees increased 10% year-over-year, driven by Wealth Management AUM increasing 10%, primarily from market appreciation.
• The firm expanded its San Francisco office in June 2025.

Here is a snapshot of the scale and performance across these channels as of late 2025 reporting periods:

Channel Metric	Value/Statistic	Period/Date Reference
Investment Banking Advisory Fees (Q2)	$697,744 thousand	Q2 2025
Total Number of Fees from Advisory and Underwriting Client Transactions	245	Q2 2025
IB SMDs Globally	157	LTM Q1 2025
IB Offices Globally	18	LTM Q1 2025
Wealth Management Clients	752	March 31, 2025
Wealth Management AUM	$13,827,082,508	March 31, 2025
Asset Management/Wealth Fees Growth (YTD)	10%	Year-over-Year (Q2 2025)

The firm's overall transaction advisory success is also reflected in the total number of fees of at least $1 million, which was 386 year-to-date June 30, 2025.

Evercore Inc. (EVR) - Canvas Business Model: Customer Segments

You're looking at the core clientele that drives Evercore Inc.'s advisory and wealth management engine as of late 2025. Honestly, the firm's success hinges on keeping these distinct groups happy and engaged with high-level advice.

Large multinational corporations requiring complex strategic advice

This group forms the backbone of the Investment Banking & Equities segment, primarily through Strategic Advisory mandates like mergers, acquisitions, and divestitures. You see their activity reflected directly in the Advisory Fees line item. For the second quarter of 2025, Advisory Fees hit $686.8 million for that single quarter alone. The momentum carried into the third quarter, where the Investment Banking & Equities segment posted net revenues of $1.04 billion. To give you a sense of scale, the firm advised on landmark deals in 2025, such as Calpine's $29.1 billion sale and Ampere's $6.5 billion sale. This segment also serves clients needing Liability Management & Restructuring advice, with Evercore working on 70 US transactions involving over $148 billion in debt in 2024. They are definitely focused on the biggest mandates.

Private equity firms and financial sponsors (a key source of deal flow)

Financial sponsors are crucial because they generate a steady stream of M&A and capital markets work. Evercore's Private Capital Advisory and Fundraising teams are specifically geared toward this segment. While 2025 segment-specific numbers aren't fully broken out yet, we know that in 2024, the firm advised on $60 billion in private capital transactions. This activity falls under the broader Investment Banking & Equities umbrella, which saw its year-to-date Advisory Fees increase by 26% in the first half of 2025 compared to the prior year. The firm's deep bench of Investment Banking Senior Managing Directors, which grew to 159 globally as of June 30, 2025, is heavily engaged with these sponsors.

High-net-worth individuals (HNWIs) for Wealth Management services

This is the core of the Investment Management segment, focusing on wealth management and asset allocation advisory. You want to watch the Assets Under Management (AUM) here; it's a direct indicator of client trust and asset growth. As of September 30, 2025, Evercore Wealth Management LLC reported AUM of $15.4 billion. That represented an 11% year-over-year increase. Looking closer at the client base from a recent filing, out of 4,405 total accounts, 632 were classified as High Net Worth Individuals, accounting for $12.4 billion of the total AUM. The fees generated from this segment are smaller in the grand scheme, with Asset Management and Administration Fees for Q3 2025 reaching $22.7 million. If onboarding takes 14+ days, churn risk rises, but the AUM growth suggests they are managing client acquisition well.

Institutional investors buying equity research and trading execution

Institutional investors utilize Evercore's Equities division for research and agency-based trading execution, which feeds the Commissions and Related Revenue stream. The firm has maintained a strong reputation here; it was ranked the #1 Research Provider among all firms on a weighted basis for the fourth consecutive year as of Q3 2025. This quality drives volume. Commissions and Related Revenue for the second quarter of 2025 increased by 10% year-over-year, directly reflecting higher trading commissions driven by increased trading volume during 2025. For the first half of 2025, year-to-date Commissions and Related Revenue increased by $11.9 million, or 12% year-over-year.

Here's a quick look at the key financial scale for the segments driving these customer groups as of mid-to-late 2025:

Metric	Segment/Client Focus	Latest Reported Value (2025)	Period End Date
Net Revenues (IB & Equities)	Large Corps & Sponsors (Advisory/Trading)	$1.04 billion	Q3 2025
Advisory Fees (YTD)	Large Corps (M&A)	$257.0 million increase	H1 2025
AUM	HNWIs (Wealth Management)	$15.4 billion	Sept. 30, 2025
Asset Management & Admin Fees	HNWIs (Wealth Management)	$22.7 million	Q3 2025
Commissions & Related Revenue (YTD)	Institutional Investors (Trading/Research)	$11.9 million increase	H1 2025

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Cost Structure

You know that for a firm like Evercore Inc., which sells high-level advice and services, the cost structure is almost entirely about people. It's defintely a fixed-cost model, or at least one where the largest component is relatively fixed in the short term: compensation. This is where the bulk of your operating expenses go, as you need to pay top-tier talent to generate those advisory fees.

Looking at the Year-to-Date (YTD) through the third quarter of 2025 on a U.S. GAAP basis, the Employee Compensation and Benefits ratio stood at 65.8% of net revenues. That number tells you that for every dollar of revenue Evercore Inc. brought in, nearly 66 cents went straight to paying its employees, including salaries and incentive compensation accruals. For just the third quarter of 2025, the GAAP compensation ratio was slightly better at 65.5%, which was an improvement from 66.5% in the prior year period, helped by higher net revenues.

The other major bucket, Non-Compensation Expenses, which covers things like technology, occupancy, and general administrative needs, was much smaller. For Q3 2025, this category represented 13.7% of the reported U.S. GAAP net revenue. To give you a clearer picture of how these costs stack up against the top line, here's a quick look at the key expense ratios from the Q3 2025 results:

Expense Category (U.S. GAAP)	Q3 2025 Ratio to Net Revenue	YTD Q3 2025 Ratio to Net Revenue
Employee Compensation and Benefits	65.5%	65.8%
Non-Compensation Costs	13.7%	(Data not explicitly provided for YTD in this format)
Total Operating Expenses (TTM ending 9/30/2025)	(Implied from TTM data)	$2.847B

Now, you have to factor in strategic spending, which directly impacts those non-compensation costs and future compensation liabilities. Evercore Inc. is actively investing in capacity, which means higher fixed costs going forward. This is evident in the drivers for the Non-Compensation Costs increase year-over-year, which included higher expenses for technology and information services, like license fees and research services, plus increased travel due to higher business activity and headcount.

The commitment to growth through hiring senior talent is a major cost driver. You saw this play out with the closing of the Robey Warshaw acquisition on October 1, 2025. That strategic move, aimed at strengthening European capabilities, immediately hit the books with $3.516 million in acquisition and transition costs recorded in Q3 2025 alone. Furthermore, the increase in compensation expense in Q3 2025 reflected higher accruals for incentive compensation, higher base salaries, and specifically, higher compensation expense related to senior new hires. This is a conscious decision to spend now to secure future advisory mandates.

The firm's investment in its human capital is ongoing, as evidenced by recent Senior Managing Director (SMD) additions, such as the appointment of Ashish Varshneya to the healthcare investment banking group in December 2025. These high-profile additions are part of a broader strategy to cement Evercore Inc.'s status as a premier global advisory firm by recruiting industry veterans with specialized knowledge. The cost structure reflects this reality:

• Compensation is the dominant cost, hovering in the mid-60s percentage-wise.
• Non-Compensation Costs are being driven up by necessary investments in technology and office space to support the growing headcount.
• Strategic hiring surges, especially at the SMD level, are explicitly mentioned as impacting compensation expense, signaling a willingness to absorb higher fixed costs for perceived future revenue upside.

Finance: draft 13-week cash view by Friday.

Evercore Inc. (EVR) - Canvas Business Model: Revenue Streams

You're looking at the engine room of Evercore Inc., where the money actually comes from, and as of late 2025, that engine is running hot, primarily on deal-making fees.

Advisory Fees are the clear top line driver, showing just how much the market values Evercore's advice on big, complex transactions. For the third quarter ending September 30, 2025, Advisory Fees surged to $883.7 million, marking a massive 49% increase year-over-year. This performance was fueled by revenue from large, complex deals, including advising on the $12.3 billion sale of Dayforce, Inc. to Thoma Bravo.

The overall financial health is reflected in the Trailing Twelve Month (TTM) Net Revenue ending Q3 2025, which stood at $3.54 billion. This represents a 27.03% year-over-year growth for the TTM period.

The total GAAP Net Revenues for the third quarter of 2025 hit $1,038.9 million. This revenue base is diversified across the Investment Banking & Equities segment and the Investment Management segment, as detailed below:

Revenue Stream (Q3 2025 GAAP, in millions)	Amount ($ mm)	Year-over-Year Change
Advisory Fees	$883.712	+49%
Commissions and Related Revenue	$62.816	+15%
Asset Management and Administration Fees	$22.477	+9%
Underwriting Fees	$43.730	Flat
Other Revenue, net	$26.149	+19%

Underwriting and commissions revenue, which falls under the Equity Capital Markets (ECM) services within Investment Banking & Equities, showed mixed results for the quarter.

• Underwriting Fees were flat year-over-year, reported at $43.730 million for Q3 2025. This flatness reflects a lower number of transactions being offset by an increase in the average fee size per transaction.
• Commissions and Related Revenue, driven by higher trading commissions from increased trading volume and higher subscription fees, increased by $8.3 million, reaching $62.816 million in the quarter.

The Investment Management segment contributes through Asset Management and Administration Fees. This revenue stream saw growth, driven by an 11% increase in associated Assets Under Management (AUM), which stood at $15.351 billion as of September 30, 2025. Asset Management and Administration Fees for Q3 2025 were $22.477 million, up 9% year-over-year, which translates to an increase of $1.9 million over the prior year period.