Evercore Q1 2024 revenue rises 2% to $580.8 million; operating income falls 21%
Evercore reported first quarter 2024 U.S. GAAP net revenues of $580.8 million, up 2% from a year earlier, and diluted EPS of $2.09 versus $2.06. Operating income fell to $84.1 million from $106.9 million, and adjusted diluted EPS declined to $2.13 from $2.16. The board also raised the quarterly dividend 5% to $0.80 per share, and the company returned $308.5 million to shareholders in the quarter.
Key points
- U.S. GAAP net revenues $580.8 million vs $572.1 million in Q1 2023, up 2%; adjusted net revenues $587.3 million, up 2%
- U.S. GAAP diluted EPS $2.09 vs $2.06; adjusted diluted EPS $2.13 vs $2.16
- Operating margin 14.5% vs 18.7%; compensation ratio 66.8% vs 64.1%
- Quarterly dividend increased 5% to $0.80 per share, payable June 14, 2024; $308.5 million returned to shareholders in the quarter
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.