Slide 1: Investor Presentation Q2 2026
Investor Presentation Q2 2026
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, Evercore’s operations and financial performance. In some
Slide 3: Table of Contents
Table of Contents Section I Evercore Overview II Evercore’s Breadth and Depth III Opportunities for Future Growth and Value Creation IV Business Overviews V Appendix 2
Slide 4: I. Evercore Overview
EVERCORE I. Evercore Overview
Slide 5: Focused on Delivering for Our Clients, Our Shareholders and Our People
Evercore: Focused on Delivering for Our Clients, Our Shareholders and Our People Our Goal To be the most respected and trusted independent investment bank in the world Our Priorities Long-term, trusted relationships, providing a breadth of capabilities to advise Clients our clients on their most imp
Slide 6: Track Record of Achieving Strong Results
Track Record of Achieving Strong Results for Our Clients, Our Shareholders and Our People #1 #1 #1 in Advisory Revenues among Independent Firms M&A league table ranking globally among all Research Provider among all firms on a weighted and #3 among All Firms in LFQ Q2 20261,2,3 independent firms on
Slide 7: Why Evercore?
Why Evercore? Sustainable Leading global independent investment banking firm Differentiated Diversified revenue stream Business Model Strong culture with an emphasis on talent development Leading and broad independent advisory capabilities Expanded Revenue Leading private capital advisory
Slide 8: Best-in-Class Performance and Leader in Growth and Margins
Evercore Delivers Best-in-Class Performance and Is a Leader in Growth and Margins Strong Revenue Growth and Operating Margins Relative to Peers1,2 26% 25.9% 23.4% 23.2% 19% 21.6% 18.6% 17.6% 15.7% 2 Yr CAGR 2022 2023 2024 2025 LFQ Q2 2026 EVR 5-Year 5-Year Peer Average Average Evercore Peer Average
Slide 9: Third Largest Investment Bank Based on Advisory Fees
Third Largest Investment Bank Based on Advisory Fees in LFQ Q2 20261,2 ($ in billions) $5.6 $4.2 $4.0 $3.6 $2.5 $2.5 $2.2 $2.0 $1.9 $1.8 GS JPM EVR MS HLI JEF BAC C PJT LAZ 1. EVR’s Advisory revenue is total Advisory fees (excluding Underwriting revenue) and reflect Adjusted figures. A reconciliatio
Slide 10: II. Evercore's Breadth and Depth
II. Evercore’s Breadth and Depth
Slide 11: Leading Independent Firm With a Global Presence
Leading Independent Firm With a Global Presence 50+ Countries Where Clients Are Served ~2,715 Employees Worldwide1 20+ Investment Banking Offices Globally ~1,945 Evercore Reach Evercore Offices Affiliate Offices Investment Bankers1 Americas Europe / Middle East Asia 16 Boston Calgary Richmond San Fr
Slide 12: Grown Investment Banking & Equities Business >15x Since 2010
Grown Investment Banking & Equities Business >15x Since 2010 Capabilities Evercore in 2010 Evercore Today $0.3 Billion1 $4.7 Billion1 FY 2010 Adjusted Investment Banking Revenue LFQ Q2 2026 Adjusted Investment Banking & Equities Revenue Mergers and Acquisitions Mergers and Acquisitions Strategic
Slide 13: Significantly Diversified Our Revenue Base
We Have Significantly Diversified Our Revenue Base, Providing Ballast Throughout Market Cycles Revenue Diversification Approximate Non-M&A Revenues1 Non-M&A Revenue: Advisory Fees - M&A $2,100 ($ in millions) >40%1 Advisory Fees - Non-M&A $1,800 2% 2% $1,500 5% Underwriting Fees $1,200 Commissions &
Slide 14: Broadened and Deepened M&A Sector Coverage
Evercore Has Significantly Broadened and Deepened M&A Sector Coverage, With Continued White Space M&A Sector Coverage Evercore in 2010 Evercore Today Infrastructure, Utilities & Renewables Energy Energy Green Tech Banking Insurance Investment Management FinTech Tech – Hardware Financial Institutions
Slide 15: III. Opportunities for Future Growth and Value Creation
III. Opportunities for Future Growth and Value Creation
Slide 16: Our Vision for the Future – Clear Path for Growth
Our Vision for the Future – Clear Path for Growth Evercore’s Next Chapter 1 Sector White Space & Client Coverage 2 Product Capabilities 3 Global Expansion Be the top advisor to the fastest Leverage dominant leadership position In October 2025, closed on the growing segments of the economy in P
Slide 17: Significant SMD Growth with Near-Record Revenue Productivity
Significant SMD Growth with Near-Record Revenue Productivity & Over 50 SMDs Ramping # of Investment Banking SMDs1 50+ SMDs in ramp2 mode % Internally 188 Promoted 171 136 144 130 112 107 114 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Q2 2026 Sector Focused M&A Other Advisory 29% 35% 32%
Slide 18: Financial Sponsors Are a Core and Growing Part of the Market
Financial Sponsors Are a Core and Growing Part of the Market and We Are Well-Positioned to Provide 360-Degree Coverage How Evercore Provides 360-Degree Private Markets Set For Continued Growth Coverage to Financial Sponsors Private Markets Expected to Increase Cumulative AUM ($ in trillions) -1.5x I
Slide 19: Commitment to Capital Return and a Strong Balance Sheet
Commitment to Capital Return and a Strong Balance Sheet Capital Return Strong Balance Sheet Returned $823mm of capital in 1H26 through dividends and Strong and liquid balance sheet share repurchases We hold cash and investments necessary to fund prior • Surpassed full-year record for dollar am
Slide 20: Strong Shareholder Return and Outperformance Against Benchmarks
Strong Shareholder Return and Outperformance Against Benchmarks Total Shareholder Return (through 6/30/2026)1,2 250 230 210 190 170 150 130 110 90 EVR S&P 500 Index S&P Financial Index Peer Average Three-Year Return Five-Year Return Ten-Year Return (6/30/23 – 6/30/26) (6/30/21 – 6/30/26) (6/30/16 –
Slide 21: IV. Business Overviews
EVERCORE IV. Business Overviews
Slide 22: Mergers & Acquisitions (M&A)
Mergers & Acquisitions (M&A) Our M&A Team Evaluates Potential Acquirers and Targets, Analyzes Values and Proposes Financial and Strategic Alternatives Key Highlights Prominent Recent M&A Transactions #11 #61 Financial Advisor Sole Financial Advisor Exclusive Financial Advisor Announced M&A League ta
Slide 23: Strategic, Defense and Shareholder Advisory (SDSA)
Strategic, Defense and Shareholder Advisory (SDSA) SDSA Team Advises Clients on Matters Related to Complex M&A, Board Advisory, Corporate Governance, Activism, and Hostile and Unsolicited Activity Business Overview Advised on Some of the Most Significant Defenses #1 activism defense team on Wall S
Slide 24: Liability Management & Restructuring
Liability Management & Restructuring Liability Management & Restructuring Specializes in Advising Companies and Creditors on Addressing Situations Involving Complex Balance Sheet Structures Business Overview Provide independent financial advice to companies, sponsors, creditors, shareholders, and
Slide 25: Private Capital Markets & Debt Advisory (PCM)
Private Capital Markets & Debt Advisory (PCM) PCM Focuses Exclusively on Complex Financing Transactions for Corporate and Financial Sponsor Clients, Advising Across the Capital Structure on Both Credit and Structured Equity Solutions Business Overview Transaction & Product Suite Full-service produ
Slide 26: Private Capital Advisory (PCA)
Private Capital Advisory (PCA) PCA Is the Leading Advisor to Financial Sponsors and Investors for Liquidity Solutions in the Private Markets GP Advisory LP Advisory Structured Capital Solutions 280+ $215bn+ 560+ $190bn+ 20+ $10bn+ Transactions Volume Transactions Volume Transactions Volume Secondary
Slide 27: Private Funds Group (PFG)
Private Funds Group (PFG) Global Industry Leader in Providing Fundraising and Strategic Advisory Services to Private Asset Managers Business Overview Key Stats and Industry Awards The PFG team has an exemplary record of representing top-tier funds on Top Ranked in 2025 Top Placement Agent in 2024
Slide 28: Equity Capital Markets (ECM)
Equity Capital Markets (ECM) ECM Structures and Executes Equity-Linked Capital Markets and Advisory Services for the Firm’s Corporate and Financial Sponsor Clients Business Overview Recent Bookrun Transactions $1.9bn $1.7bn $771mm $168mm Follow-on Advises clients on Initial Public Offerings (IPOs)
Slide 29: Equities
Equities Evercore ISI's Leading Research Department Is Known for Insightful and Value-Added Content. Our Dedicated Sales and Trading Professionals Serve More Than 1,200 Institutional Investors Globally, Representing Many of the Largest Asset Managers and Funds in the World Equity Research Fundamenta
Slide 30: Evercore Wealth Management and Evercore Trust Company
Evercore Wealth Management (EWM) and Evercore Trust Company, N.A. Evercore Wealth Management Is a Leading Independent U.S. Wealth Management Firm, Providing Ultra High Net Worth Clients with Strategic Wealth Planning Advice, Investment Management, and Family Office Services. The Firm Provides Compre
Slide 31: V. Appendix
V. Appendix U.S. GAAP Reconciliation to Adjusted Results (Unaudited)
Slide 32: U.S. GAAP Reconciliation to Adjusted Results (Unaudited)
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Information in the following financial reconciliations presents the historical results of the Company and is presented on an Adjusted basis, which is a non-generally accepted accounting principles (“non-GAAP”) measure. Adjusted results begin w
Slide 33: U.S. GAAP Reconciliation to Adjusted Results (Cont'd)
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Gain on Sale of Interests in ABS. The gain on the sale of the Company’s interests in ABS in the first quarter of 2022 and the third quarter of 2024 is excluded from the Adjusted Presentation. Special Charges, Including Business Realig
Slide 34: Advisory Revenue & Net Revenues Reconciliation
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Advisory Revenue & Net Revenues ($ in thousands) LTM Twelve Months Ended December 31, Q2 2026 2025 2024 2023 2022 2021 Advisory Revenue - U.S. GAAP $ 4,032,323 $ 3,267,087 $ 2,440,605 $ 1,963,857 $ 2,392,990 $ 2,751,992 Income from Eq
Slide 35: Operating Income & Net Income Reconciliation
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Operating Income & Net Income ($ in thousands) LTM Twelve Months Ended December 31, Q2 2026 2025 2024 2023 2022 2021 Operating Income - U.S. GAAP $ 1,005,671 $ 789,942 $ 526,914 $ 359,135 $ 696,042 $ 1,102,438 Income from Equity Metho
Slide 36: Diluted Shares Outstanding & Key Metrics
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Diluted Shares Outstanding & Key Metrics (share amounts in thousands) LTM Twelve Months Ended December 31, Q2 2026 2025 2024 2023 2022 2021 Diluted Shares Outstanding - U.S. GAAP 42,131 41,646 40,099 41,037 43,321 LP Units (18) 2,238
Slide 37: Net Income, Diluted Shares Outstanding & Key Metrics
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Net Income, Diluted Shares Outstanding & Key Metrics ($ and share amounts in thousands, except per share data) Three Months Ended June 30, March 31, December 31, September 30, 2026 2026 2025 2025 Net Income Attributable to Evercore In
Slide 38: Footnotes
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Footnotes 1. Income (Loss) from Equity Method Investments has been reclassified to Revenue in the Adjusted presentation. 2. Interest Expense on Debt, Lines of Credit and Other Financing Arrangements is excluded from Net Revenues and p
Slide 39: Footnotes
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) (Cont’d) Footnotes 13. Expenses associated with awards granted in conjunction with the Company’s acquisition of Robey Warshaw are excluded from the Adjusted presentation. 14. Expenses during 2026 that are excluded from the Adjusted presentatio