Net Income Per Share Attributable to Evercore Inc. Common Shareholders (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Basic and Diluted Net Income Per Share

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the three and nine months ended September 30, 2025 and 2024 are described and presented below.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2025		2024		2025		2024
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,583	$	78,393	$	387,968	$	237,844




Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,721		38,294		38,718		38,411


Basic net income per share attributable to Evercore Inc. common shareholders	$	3.73	$	2.05	$	10.02	$	6.19
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	144,583	$	78,393	$	387,968	$	237,844
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares(1)	—		—		—		—
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above(1)	—		—		—		—


Diluted net income attributable to Evercore Inc. common shareholders	$	144,583	$	78,393	$	387,968	$	237,844
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,721		38,294		38,718		38,411
Assumed exchange of LP Units for Class A Shares(1)	—		—		—		—
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs, as calculated using the Treasury Stock Method(2)	2,748		2,952		2,296		2,539
Shares that are contingently issuable(3)	950		792		883		375

Diluted weighted average Class A Shares outstanding	42,419		42,038		41,897		41,325


Diluted net income per share attributable to Evercore Inc. common shareholders	$	3.41	$	1.86	$	9.26	$	5.76

(1)The Company has outstanding Class A, E, I and K LP Units, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the three and nine months ended September 30, 2025 and 2024, these LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 2,205 and 2,283 for the three and nine months ended September 30, 2025, respectively, and 2,475 and 2,547 for the three and nine months ended September 30, 2024, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $8,846 and $24,882 for the three and nine months ended September 30, 2025, respectively, and $6,719 and $17,945 for the three and nine months ended September 30, 2024, respectively. In computing this adjustment, the Company assumes that all Class A, E, I and K LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and that the Company is subject to the statutory tax rates of a C-Corporation under a conventional corporate tax structure in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the Class A, E, I and K LP Units will result in a dilutive computation in future periods.

(2)Certain shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs, as calculated using the Treasury Stock Method, were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The shares that would have been included in the treasury stock method calculation if the effect would have been dilutive were 1 for the three months ended September 30, 2024.

(3)The Company has outstanding Class K-P units of Evercore LP ("Class K-P Units") which are contingently exchangeable into Class K LP Units, and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. The Company also has certain outstanding RSUs which vest contingent upon certain performance thresholds being achieved. See Note 15 for further information. For the purpose of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class K-P Units and these certain outstanding RSUs are included in diluted weighted average Class A Shares outstanding, as calculated using the Treasury Stock Method, as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that are included in diluted weighted average Class A Shares outstanding is based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period.