0001360901-24-000013 | 10-Q | XBRL Viewer

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Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investment Securities and Certificates of Deposit, amortized cost	$ 185,420	$ 744,178
Accounts Receivable, allowances	4,758	5,603
Furniture, Equipment and Leasehold Improvements, accumulated depreciation and amortization	$ 218,793	$ 212,929
Treasury Stock, Common, Shares	45,827,585	44,340,396
Class A [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	84,342,335	82,114,009
Common Stock, Shares, Outstanding	38,514,750	37,773,613
Class B [Member]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares, Issued	45	46
Common Stock, Shares, Outstanding	45	46

Investments

3 Months Ended

Mar. 31, 2024

Investments [Abstract]

Investments

The Company's investments reported on the Unaudited Condensed Consolidated Statements of Financial Condition consist of investments in unconsolidated affiliated companies, other investments in private equity partnerships and equity securities in private companies. The Company's investments are relatively high-risk and illiquid assets.

The Company's investments in ABS Investment Management Holdings, LP and ABS Investment Management GP LLC (collectively, "ABS"), Atalanta Sosnoff Capital, LLC ("Atalanta Sosnoff"), Luminis Partners ("Luminis") and Seneca Advisors LTDA ("Seneca Evercore") are in voting interest entities. The Company's share of earnings (losses) from these investments is included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

The Company also has investments in private equity partnerships which consist of investment interests in private equity funds which are voting interest entities. Realized and unrealized gains and losses on private equity investments are included within Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations.

Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of March 31, 2024 and December 31, 2023 was as follows:



	March 31, 2024		December 31, 2023

ABS	$	18,113	$	18,770
Atalanta Sosnoff	10,938		10,906
Luminis	6,745		6,296
Seneca Evercore	1,004		904
Total	$	36,800	$	36,876

ABS

The Company has an investment accounted for under the equity method of accounting in ABS. At March 31, 2024, the Company's ownership interest in ABS was 26%. This investment resulted in earnings of $1,002 and $1,006 for the three months ended March 31, 2024 and 2023, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Atalanta Sosnoff

The Company has an investment accounted for under the equity method of accounting in Atalanta Sosnoff. At March 31, 2024, the Company's ownership interest in Atalanta Sosnoff was 49%. This investment resulted in earnings of $635 and $391 for the three months ended March 31, 2024 and 2023, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Luminis

The Company has an investment accounted for under the equity method of accounting in Luminis. At March 31, 2024, the Company's ownership interest in Luminis was 20%. This investment resulted in earnings of $568 and $162 for the three months ended March 31, 2024 and 2023, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations. This investment is subject to currency translation from the Australian dollar to the U.S. dollar, included in Accumulated Other Comprehensive Income (Loss), on the Unaudited Condensed Consolidated Statements of Financial Condition.

Seneca Evercore

The Company has an investment accounted for under the equity method of accounting in Seneca Evercore. At March 31, 2024, the Company's ownership interest in Seneca Evercore was 20%. This investment resulted in earnings (losses) of $120 and ($91) for the three months ended March 31, 2024 and 2023, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations. This investment is subject to currency translation from the Brazilian real to the U.S. dollar, included in Accumulated Other Comprehensive Income (Loss), on the Unaudited Condensed Consolidated Statements of Financial Condition.

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company's share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets of $79 for each of the three months ended March 31, 2024 and 2023.

The Company assesses each of its equity method investments for impairment annually, or more frequently if circumstances indicate impairment may have occurred.

Investments in Private Equity

Private Equity Funds

The Company's investments related to private equity partnerships and associated entities include investments in Glisco Partners II, L.P. ("Glisco II"), Glisco Partners III, L.P. ("Glisco III"), Glisco Capital Partners IV ("Glisco IV"), Trilantic Capital Partners Associates IV, L.P. ("Trilantic IV") and Trilantic Capital Partners V, L.P. ("Trilantic V"). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

A summary of the Company's investments in the private equity funds as of March 31, 2024 and December 31, 2023 was as follows:



	March 31, 2024		December 31, 2023


Glisco II, Glisco III and Glisco IV	$	4,231	$	4,141


Trilantic IV and Trilantic V	1,756		1,766

Total Private Equity Funds	$	5,987	$	5,907

Net realized and unrealized gains on private equity fund investments were $73 and $322 for the three months ended March 31, 2024 and 2023, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of March 31, 2024, $100 of previously distributed carried interest received from the funds was subject to repayment.

General Partners of Private Equity Funds which are VIEs

The Company has concluded that Glisco Capital Partners II, Glisco Capital Partners III and Glisco Manager Holdings LP are VIEs and that the Company is not the primary beneficiary of these VIEs. The Company's assessment of the primary beneficiary of these entities included assessing which parties have the power to significantly impact the economic performance of these entities and the obligation to absorb losses, which could be potentially significant to the entities, or the right to receive benefits from the entities that could be potentially significant. Neither the Company nor its related parties will have the ability to make decisions that significantly impact the economic performance of these entities. Further, as a limited partner in these entities, the Company does not possess substantive participating rights. The Company had assets of $3,662 and $3,580 included in its Unaudited Condensed Consolidated Statements of Financial Condition at March 31, 2024 and December 31, 2023, respectively, related to these unconsolidated VIEs, representing the carrying value of the Company's investments in the entities. The Company's exposure to the obligations of these VIEs is generally limited to its investments in these entities. The Company's maximum exposure to loss as of March 31, 2024 and December 31, 2023 was $5,845 and $5,762, respectively, which represents the carrying value of the Company's investments in these VIEs, as well as any unfunded commitments to the current and future funds.

Other Investments

In certain instances, the Company receives equity securities in private companies in exchange for advisory services. These investments, which had a balance of $631 and $636 as of March 31, 2024 and December 31, 2023, respectively, are accounted for at their cost minus impairment, if any, plus or minus changes resulting from observable price changes.

Notes Payable - Schedule of Debt (Details) - Senior Notes [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Notes Payable	$ 373,756	$ 373,885
Series C Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.64%
Carrying Value	$ 47,855	47,838
Series D Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.72%
Carrying Value	$ 16,914	16,910
Series E Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.46%
Carrying Value	$ 74,564	74,546
Series F Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.55%
Carrying Value	$ 59,600	59,589
Series G Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	4.64%
Carrying Value	$ 39,709	39,703
Series H Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	3.42%
Carrying Value	$ 31,339	31,597
Series I Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	2.20%
Carrying Value	$ 37,887	37,867
Series J Senior Notes [Member]
Debt Instrument [Line Items]
Effective Annual Interest Rate (as a percent)	5.02%
Carrying Value	$ 65,888	$ 65,835

Noncontrolling Interest

3 Months Ended

Mar. 31, 2024

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to the following approximate interests in certain consolidated subsidiaries, which are not owned by the Company. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations.

Noncontrolling ownership interests for the Company's subsidiaries were as follows:


	As of March 31,
	2024		2023

Evercore LP	6	%	7	%
Evercore Wealth Management ("EWM")(1)	26	%	25	%

(1)Noncontrolling Interests as of March 31, 2023 represent a blended rate for multiple classes of interests in EWM.

The Noncontrolling Interests for Evercore LP and EWM have rights, in certain circumstances, to convert into Class A Shares.

The Company has outstanding Class A limited partnership units of Evercore LP ("Class A LP Units"), Class E limited partnership units of Evercore LP ("Class E LP Units"), Class I limited partnership units of Evercore LP ("Class I LP Units") and Class K limited partnership units of Evercore LP ("Class K LP Units"), which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. See Note 13 for further information.

Changes in Noncontrolling Interest for the three months ended March 31, 2024 and 2023 were as follows:


	For the Three Months Ended March 31,
	2024		2023
Beginning balance	$	205,556	$	189,607

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	7,431		8,863
Other Comprehensive Income (Loss)	(299)		216
Total Comprehensive Income	7,132		9,079

Evercore LP Units Exchanged for Class A Shares	(6,146)		(1,478)

Amortization and Vesting of LP Units	6,350		6,460


Other Items:
Distributions to Noncontrolling Interests	(9,438)		(10,390)








Total Other Items	(9,438)		(10,390)

Ending balance	$	203,454	$	193,278

Other Comprehensive Income – Other Comprehensive Income (Loss) Attributed to Noncontrolling Interest includes unrealized gains (losses) on securities and investments, net, of ($6) and ($283) for the three months ended March 31, 2024 and 2023, respectively, and foreign currency translation adjustment gains (losses), net, of ($293) and $499 for the three months ended March 31, 2024 and 2023, respectively.

LP Units Exchanged – During the three months ended March 31, 2024, 91 LP Units were exchanged for Class A Shares. This resulted in a decrease to Noncontrolling Interest of $6,146 and increases to Class A Common Stock and Additional Paid-In Capital of $1 and $6,145, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2024. See Note 11 for further information.

Interests Purchased – On December 31, 2021, the Company purchased, at fair value, all of the outstanding Class R Interests of Private Capital Advisory L.P. from employees of the Real Estate Capital Advisory ("RECA") business for $54,297. Consideration for this transaction included the payment of $6,000 of cash in 2021, $27,710 of cash in 2022, and contingent cash consideration which was settled during 2023 and the first quarter of 2024. The Company paid contingent cash consideration of $715 during the first quarter of 2023 and $2,023 during the first quarter of 2024, representing the final payment under this arrangement. The fair value of the remaining contingent consideration was $2,023 as of December 31, 2023, which is included within Payable to Employees and Related Parties on the Company's Unaudited Condensed Consolidated Statement of Financial Condition. The amount of contingent consideration to be paid was dependent on the RECA business achieving certain revenue performance targets. The fair value of the contingent consideration reflects the present value of the expected payment due based on the current expectation for the business meeting the revenue performance targets. In conjunction with this transaction, the Company also issued payments in the first quarter of 2023 and 2024, contingent on continued employment with the Company. Accordingly, these payments are treated as compensation expense for accounting purposes in the periods earned. These payments were also dependent on the RECA business achieving certain revenue performance targets.

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	38,438	38,510
Basic net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 2.23	$ 2.17
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	38,438	38,510
Diluted weighted average Class A Shares outstanding (in shares)	41,080	40,439
Diluted net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 2.09	$ 2.06
Class A [Member]
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders	$ 85,693	$ 83,378
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	38,438	38,510
Basic net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 2.23	$ 2.17
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Net income attributable to Evercore Inc. common shareholders	$ 85,693	$ 83,378
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	0	0
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	0	0
Diluted net income attributable to Evercore Inc. common shareholders	$ 85,693	$ 83,378
Weighted average Class A Shares outstanding, including vested RSUs (in shares)	38,438	38,510
Assumed exchange of LP Units for Class A Shares (in shares)	0	0
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method (in shares)	2,485	1,808
Shares that are contingently issuable (in shares)	157	121
Diluted weighted average Class A Shares outstanding (in shares)	41,080	40,439
Diluted net income per share attributable to Evercore Inc. common shareholders (in dollars per share)	$ 2.09	$ 2.06

Fair Value Measurements - Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 826,977	$ 1,392,169
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	826,977	1,390,584
Cash and Cash Equivalents	560,100	588,321
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	1,585
Cash and Cash Equivalents	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Cash and Cash Equivalents	0	0
Debt Securities Carried By EGL [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	467,486	476,778
Debt Securities Carried By EGL [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	467,486	476,778
Debt Securities Carried By EGL [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Debt Securities Carried By EGL [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Debt and Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	195,387	753,247
Other Debt and Equity Securities [Member] \| US Treasury Bill Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	9,676	8,557
Other Debt and Equity Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	195,387	753,247
Other Debt and Equity Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Other Debt and Equity Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Investment Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	164,104	160,559
Investment Funds [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	164,104	160,559
Investment Funds [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Investment Funds [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 0	0
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		1,585
Other \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Other \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		1,585
Other \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		$ 0

Evercore Inc. Stockholders' Equity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
	Apr. 23, 2024	Mar. 31, 2024	Mar. 31, 2023
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)		$ 0.76	$ 0.72
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)		$ 0.76	$ 0.72
Declared and Paid Dividends, Cash		$ 29,309	$ 27,672
Treasury Stock, Shares, Acquired (in shares)		1,487
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 177.04
Increase in Treasury Stock		$ 263,297
LP Units Exchanged by Employees (in units)		91
Increase in Common Stock		$ 1
Adjustments to Additional Paid-In-Capital		6,145
Accumulated Unrealized Gain (Loss) on Securities and Investments		(5,333)
Foreign Currency Translation Adjustment Gain (Loss), Net		$ (24,429)
Net Settlement of Share Based Awards [Member]
Temporary Equity [Line Items]
Treasury Stock, Shares, Acquired (in shares)		934
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 176.35
Share Repurchase Program [Member]
Temporary Equity [Line Items]
Treasury Stock, Shares, Acquired (in shares)		553
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)		$ 178.21
Dividends Accrued [Member]
Temporary Equity [Line Items]
Accrued Deferred Cash Dividends		$ 4,028	4,205
Dividend Paid [Member]
Temporary Equity [Line Items]
Accrued Deferred Cash Dividends		$ 13,927	$ 13,521
Subsequent Event [Member]
Temporary Equity [Line Items]
Dividends Declared Per Share of Class A Common Stock (in dollars per share)	$ 0.80

Share-Based and Other Deferred Compensation - LP Units and Stock Incentive Plan Additional Information (Details) $ in Thousands	1 Months Ended						3 Months Ended		12 Months Ended
	Apr. 30, 2024 shares	Jun. 30, 2023 shares	Feb. 28, 2023 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares	Jun. 30, 2019 shares	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
K LP Units to be Granted Upon Achievement of Benchmarks (in units)		60,000		320,000	800,000	173,000
LP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partnership Units Convertible Conversion Ratio							1
LP Units [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1
Second Amended Two Thousand Sixteen Stock Incentive Plan \| Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Additional Shares Authorized (in shares)									6,500,000
Number of Shares Available for Grant (in shares)							3,543,000
Class K-P Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)		60,000		200,000	400,000	220,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Converted in Period (in units)			193,000
Grant of K-P Units, Fair Value of Award \| $							$ 103,664
Class K Units Probable of Achievement (in units)							890,000
Compensation Expense \| $							$ 6,279	$ 6,407
Class K-P Units [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)	325,000
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)			120,000	50,000		120,000
K LP Units to be Granted Upon Achievement of Benchmarks (in units)									50,000
Class K-P Units [Member] \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)				50,000		100,000
K LP Units to be Granted Upon Achievement of Benchmarks (in units)									50,000
Class K-P Units [Member] \| Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)				50,000
K LP Units to be Granted Upon Achievement of Benchmarks (in units)									50,000
Class K-P Units [Member] \| Share-Based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of K-P Units (in units)				50,000
Restricted Stock Units (RSUs) [Member] \| Second Amended Two Thousand Sixteen Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense \| $							$ 72,178	$ 66,488

Investment Securities and Certificates of Deposit (Tables)

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

The Company's Investment Securities and Certificates of Deposit as of March 31, 2024 and December 31, 2023 were as follows:



			March 31, 2024				December 31, 2023
Debt Securities			$	185,414			$	744,315
Equity Securities			297				375
Debt Securities Carried by EGL			467,486				476,778
Investment Funds			164,104				160,559
Total Investment Securities, at fair value			$	817,301			$	1,382,027

Certificates of Deposit, at contract value	48,001				54,856

Total Investment Securities and Certificates of Deposit	$	865,302			$	1,436,883

Investments Classified by Contractual Maturity Date

Scheduled maturities of the Company's available-for-sale debt securities as of March 31, 2024 and December 31, 2023 were as follows:


	March 31, 2024				December 31, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	184,436	$	184,438	$	743,198	$	743,338
Due after one year through five years	984		976		980		977


Total	$	185,420	$	185,414	$	744,178	$	744,315

Noncontrolling Interest - Schedule of Noncontrolling Interest (Details)	Mar. 31, 2024	Mar. 31, 2023
Evercore LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	6.00%	7.00%
Evercore Wealth Management [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	26.00%	25.00%

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

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

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 months ended March 31, 2024 and 2023 are described and presented below.


	For the Three Months Ended March 31,
	2024		2023
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	85,693	$	83,378




Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,438		38,510


Basic net income per share attributable to Evercore Inc. common shareholders	$	2.23	$	2.17
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	85,693	$	83,378
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	$	85,693	$	83,378
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,438		38,510
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)	2,485		1,808
Shares that are contingently issuable(3)	157		121

Diluted weighted average Class A Shares outstanding	41,080		40,439


Diluted net income per share attributable to Evercore Inc. common shareholders	$	2.09	$	2.06

(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 months ended March 31, 2024 and 2023, 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 2,609 and 2,756 for the three months ended March 31, 2024 and 2023, 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 $6,212 and $6,986 for the three months ended March 31, 2024 and 2023, 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)During the three months ended March 31, 2024 and 2023, 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 44 and 2,239 for the three months ended March 31, 2024 and 2023, respectively.

(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. See Note 14 for further information. For the purposes of calculating diluted net income per share attributable to Evercore

Inc. common shareholders, the Company's Class K-P Units are included in diluted weighted average Class A Shares outstanding 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.

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Notes Payable is comprised of the following as of March 31, 2024 and December 31, 2023:


				Carrying Value(1)

Note	Maturity Date	Effective Annual Interest Rate		March 31, 2024		December 31, 2023


Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	$	47,855	$	47,838
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,914		16,910
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,564		74,546
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,600		59,589
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,709		39,703
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	31,339		31,597
Evercore Inc. 1.97% Series I Senior Notes	8/1/2025	2.20	%	37,887		37,867
Evercore Inc. 4.61% Series J Senior Notes	11/15/2028	5.02	%	65,888		65,835
Total				$	373,756	$	373,885

(1)Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Revenue and Accounts Receivable - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Contract with Customer, Asset, Net, Current [Roll Forward]
Contract with Customer, Receivable, Net, Current	$ 371,606	$ 385,131
Contract with Customer, Receivable, Current, Net Increase (Decrease)	(39,867)	(85,974)
Contract with Customer, Receivable, Net, Current	331,739	299,157
Contract with Customer, Asset, Gross, Current	85,401	110,468
Contract with Customer, Contract Asset, Current, Net Increase (Decrease)	(56,789)	(96,505)
Contract with Customer, Asset, Gross, Current	28,612	13,963
Contract with Customer, Asset, Net, Noncurrent [Roll Forward]
Contract with Customer, Receivable, Net, Noncurrent	93,689	64,139
Contract with Customer, Receivable, NonCurrent, Net Increase (Decrease)	(8,431)	6,022
Contract with Customer, Receivable, Net, Noncurrent	85,258	70,161
Contract with Customer, Asset, Gross, Noncurrent	5,845	8,028
Increase (Decrease) in Contract Receivables, Net	2,816	3,869
Contract with Customer, Asset, Gross, Noncurrent	8,661	11,897
Contract with Customer, Liability, Current [Roll Forward]
Contract with Customer, Liability, Current	3,524	5,071
Contract with Customer, Liability, Current, Net Increase (Decrease)	1,940	873
Contract with Customer, Liability, Current	$ 5,464	$ 5,944

Evercore Inc. Stockholders' Equity	3 Months Ended
Evercore Inc. Stockholders' Equity	Mar. 31, 2024
Equity [Abstract]
Evercore Inc. Stockholders' Equity	Evercore Inc. Stockholders' Equity Dividends – On April 23, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.80 per share to the holders of record of shares of Class A common stock ("Class A Shares") as of May 31, 2024, which will be paid on June 14, 2024. During the three months ended March 31, 2024, the Company declared and paid dividends of $0.76 per share, totaling $29,309, and accrued deferred cash dividends on unvested restricted stock units ("RSUs") totaling $4,028. During the three months ended March 31, 2024, the Company also paid deferred cash dividends of $13,927. During the three months ended March 31, 2023, the Company declared and paid dividends of $0.72 per share, totaling $27,672, and accrued deferred cash dividends on unvested RSUs totaling $4,205. During the three months ended March 31, 2023, the Company also paid deferred cash dividends of $13,521. Treasury Stock – During the three months ended March 31, 2024, the Company purchased 934 Class A Shares from employees at an average cost per share of $176.35, primarily for the net settlement of stock-based compensation awards, and 553 Class A Shares at an average cost per share of $178.21 pursuant to the Company's share repurchase program. The aggregate 1,487 Class A Shares were purchased at an average cost per share of $177.04 and the result of these purchases was an increase in Treasury Stock of $263,297 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2024. LP Units – During the three months ended March 31, 2024, 91 Evercore LP partnership units ("LP Units") were exchanged for Class A Shares, resulting in an increase to Class A Common Stock and Additional Paid-In Capital of $1 and $6,145, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2024. See Note 12 for further information. Accumulated Other Comprehensive Income (Loss) – As of March 31, 2024, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,333) and ($24,429), respectively.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Share-Based and Other Deferred Compensation - Equity Grants Additional Information (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Period	4 years
Second Amended Two Thousand Sixteen Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued During Period (in shares)	1,646
Weighted Average Grant Date Fair Value (in dollars per share)	$ 182.53
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 300,520
Shares Vested During Period (in shares)	2,068
Shares Forfeited During Period (in shares)	5
Compensation Expense	$ 72,178	$ 66,488
Second Amended Two Thousand Sixteen Stock Incentive Plan \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share)	$ 148.49
Second Amended Two Thousand Sixteen Stock Incentive Plan \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Date Fair Value (in dollars per share)	$ 187.12

Segment Operating Results - Segment Contribution Footnotes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Other Revenue, net	$ 28,505	$ 22,675
Investment Banking and Equities [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	28,117	21,301
Interest expense on Notes Payable and Line of Credit	4,188	4,171
Investment Management [Member]
Segment Reporting Information [Line Items]
Other Revenue, net	$ 388	$ 1,374

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investment Banking & Equities:
Other Revenue, Including Interest and Investments	$ 32,693	$ 26,846
Total Revenues	585,003	576,314
Interest Expense	4,188	4,171
Net Revenues	580,815	572,143
Expenses
Employee Compensation and Benefits	387,705	366,872
Occupancy and Equipment Rental	21,944	20,379
Professional Fees	31,219	24,137
Travel and Related Expenses	19,222	15,203
Communications and Information Services	19,167	15,735
Depreciation and Amortization	6,293	6,573
Execution, Clearing and Custody Fees	3,341	2,765
Special Charges, Including Business Realignment Costs	0	2,921
Other Operating Expenses	7,804	10,654
Total Expenses	496,695	465,239
Income Before Income from Equity Method Investments and Income Taxes	84,120	106,904
Income from Equity Method Investments	2,325	1,468
Income Before Income Taxes	86,445	108,372
Provision (Benefit) for Income Taxes	(6,679)	16,131
Net Income	93,124	92,241
Net Income Attributable to Noncontrolling Interest	7,431	8,863
Net Income Attributable to Evercore Inc.	85,693	83,378
Net Income Attributable to Evercore Inc. Common Shareholders	$ 85,693	$ 83,378
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	38,438	38,510
Diluted (in shares)	41,080	40,439
Net Income Per Share Attributable to Evercore Inc. Common Shareholders:
Basic (in dollars per share)	$ 2.23	$ 2.17
Diluted (in dollars per share)	$ 2.09	$ 2.06
Investment Banking and Equities [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	$ 533,611	$ 533,510
Net Revenues	561,728	554,811
Expenses
Income Before Income from Equity Method Investments and Income Taxes	78,890	102,810
Income from Equity Method Investments	688	71
Income Before Income Taxes	79,578	102,881
Investment Banking and Equities [Member] \| Advisory Fees [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	429,838	462,562
Investment Banking and Equities [Member] \| Underwriting Fees [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	55,535	22,883
Investment Banking and Equities [Member] \| Commissions and Related Revenue [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	48,238	48,065
Investment Management [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	18,699	15,958
Net Revenues	19,087	17,332
Expenses
Income Before Income from Equity Method Investments and Income Taxes	5,230	4,094
Income from Equity Method Investments	1,637	1,397
Income Before Income Taxes	6,867	5,491
Investment Management [Member] \| Asset Management and Administration Fees [Member]
Investment Banking & Equities:
Revenue from Contract with Customer	$ 18,699	$ 15,958

Revenue and Accounts Receivable - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract With Customer Liability Revenue Recognized That Was Initially Recorded As Deferred Revenue	$ 4,865	$ 3,547
Period in Which Performance Obligations Under Client Arrangements Settled	1 year

Leases - Supplemental Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 880	$ 19,917
Operating Lease, Weighted Average Remaining Lease Term	10 years 6 months	10 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	4.58%	4.05%

Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2035. The Company reflects lease expense over the lease terms on a straight-line basis. The lease terms include

options to extend the lease when it is reasonably certain that the Company will exercise that option. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. The Company does not have any leases with variable lease payments. Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes operating lease cost for office space of $14,403 and $13,428 for the three months ended March 31, 2024 and 2023, respectively, and variable lease cost, which principally include costs for real estate taxes, common area maintenance and other operating expenses of $1,528 and $1,186 for the three months ended March 31, 2024 and 2023, respectively.

In conjunction with its lease agreements at 55 East 52nd St., New York, New York, the Company had an option to take on an additional three floors, which it exercised during 2023. The Company entered into a lease agreement for this space in January 2024 and anticipates that it will take possession of this space in 2025. The lease term will end on December 31, 2035. The expected additional annual expense under this lease agreement, net of certain lease incentives, is $9,862.

In conjunction with the lease of office space, the Company has entered into letters of credit in the amount of $5,790 and $5,757 as of March 31, 2024 and December 31, 2023, respectively, which are secured by cash that is included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

The Company has entered into various operating leases for the use of office equipment (primarily computers, printers, copiers and other information technology related equipment). Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes operating lease cost for office equipment of $1,474 and $1,450 for the three months ended March 31, 2024 and 2023, respectively.

The Company uses its secured incremental borrowing rate to determine the present value of its right-of-use assets and lease liabilities. The determination of an appropriate incremental borrowing rate requires significant assumptions and judgment. The Company's incremental borrowing rate was calculated based on the Company's recent debt issuances and current market conditions. The Company scales the rates appropriately depending on the life of the leases.

The Company incurred net operating cash outflows of $10,691 and $15,561 for the three months ended March 31, 2024 and 2023, respectively, related to its operating leases, which was net of cash received from lease incentives of $718 for the three months ended March 31, 2024.

Other information as it relates to the Company's operating leases is as follows:


	For the Three Months Ended March 31,
		2024			2023
New Right-of-Use Assets obtained in exchange for new operating lease liabilities		$	880		$	19,917


		March 31, 2024			March 31, 2023
Weighted-average remaining lease term - operating leases		10.5 years			10.5 years
Weighted-average discount rate - operating leases		4.58		%	4.05		%

As of March 31, 2024, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:


2024 (April 1 through December 31)	$	36,221
2025	66,875
2026	64,135
2027	50,122
2028	48,642
Thereafter	337,870
Total lease payments	603,865
Less: Tenant Improvement Allowances	(7,380)
Less: Imputed Interest	(130,814)
Present value of lease liabilities	465,671
Less: Current lease liabilities	(37,413)
Long-term lease liabilities	$	428,258

In conjunction with the lease agreement to expand its headquarters at 55 East 52nd St., New York, New York and lease agreements at certain other locations, the Company has entered into certain lease agreements, primarily for office space, which have not yet commenced and thus are not yet included on the Company's Unaudited Condensed Consolidated Statements of Financial Condition as right-of-use assets and lease liabilities. The Company anticipates that these leases will commence by the end of 2025 and will have lease terms of 3 to 11 years once they have commenced. The additional future payments under these arrangements are $140,646 as of March 31, 2024.

Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities
Net Revenues(1)	$	561,728	$	554,811
Operating Expenses	482,838		449,080
Other Expenses	—		2,921
Operating Income	78,890		102,810
Income from Equity Method Investments	688		71
Pre-Tax Income	$	79,578	$	102,881
Identifiable Segment Assets	$	2,879,890	$	2,608,350
Investment Management
Net Revenues(1)	$	19,087	$	17,332
Operating Expenses	13,857		13,238

Operating Income	5,230		4,094
Income from Equity Method Investments	1,637		1,397
Pre-Tax Income	$	6,867	$	5,491
Identifiable Segment Assets	$	126,098	$	142,122
Total
Net Revenues(1)	$	580,815	$	572,143
Operating Expenses	496,695		462,318
Other Expenses	—		2,921
Operating Income	84,120		106,904
Income from Equity Method Investments	2,325		1,468
Pre-Tax Income	$	86,445	$	108,372
Identifiable Segment Assets	$	3,005,988	$	2,750,472

(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities(A)	$	28,117	$	21,301
Investment Management	388		1,374
Total Other Revenue, net	$	28,505	$	22,675

(A)Other Revenue, net, from the Investment Banking & Equities segment includes interest expense on the Notes Payable and lines of credit of $4,188 and $4,171 for the three months ended March 31, 2024 and 2023, respectively.

Revenues Derived from Clients by Geographical Areas

The Company's revenues were derived from clients located and managed in the following geographical areas:


	For the Three Months Ended March 31,
	2024		2023
Net Revenues:(1)
United States	$	455,236	$	395,188
Europe and Other	96,928		152,527
Latin America	146		1,753
Total	$	552,310	$	549,468

(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

Assets by Geographic Areas

The Company's total assets are located in the following geographical areas:



	March 31, 2024		December 31, 2023
Total Assets:
United States	$	2,593,982	$	3,146,756
Europe and Other	412,006		556,542

Total	$	3,005,988	$	3,703,298

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows From Operating Activities
Net Income	$ 93,124	$ 92,241
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration	(14,708)	(9,509)
Equity Method Investments	22	(890)
Equity-Based and Other Deferred Compensation	139,337	130,242
Noncash Lease Expense	9,928	11,045
Depreciation, Amortization and Accretion, net	1,911	5,287
Bad Debt Expense	(567)	3,734
Deferred Taxes	(47)	(2,514)
Decrease (Increase) in Operating Assets:
Investment Securities	12,346	1,676
Accounts Receivable	39,573	83,422
Receivable from Employees and Related Parties	(4,070)	1,268
Other Assets	53,051	82,271
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	(628,439)	(767,197)
Accounts Payable and Accrued Expenses	3,507	(1,132)
Payables to Employees and Related Parties	20,389	4,788
Taxes Payable	(2,807)	(6,217)
Other Liabilities	(3,771)	(13,252)
Net Cash Provided by (Used in) Operating Activities	(281,221)	(384,737)
Cash Flows From Investing Activities
Investments Purchased	0	(37)
Distributions of Private Equity Investments	0	72
Investment Securities:
Proceeds from Sales and Maturities of Investment Securities	1,272,891	1,409,643
Purchases of Investment Securities	(701,428)	(851,103)
Maturity of Certificates of Deposit	54,462	82,759
Purchase of Certificates of Deposit	(48,317)	(5,222)
Purchase of Furniture, Equipment and Leasehold Improvements	(1,105)	(4,858)
Net Cash Provided by Investing Activities	576,503	631,254
Cash Flows From Financing Activities
Distributions to Noncontrolling Interests	(9,438)	(9,202)
Payments Under Tax Receivable Agreement	(607)	0
Purchase of Treasury Stock and Noncontrolling Interests	(265,322)	(286,592)
Dividends	(43,236)	(41,193)
Net Cash Provided by (Used in) Financing Activities	(318,603)	(336,987)
Effect of Exchange Rate Changes on Cash	(3,767)	6,472
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(27,088)	(83,998)
Cash, Cash Equivalents and Restricted Cash – Beginning of Period	605,484	672,123
Cash, Cash Equivalents and Restricted Cash – End of Period	578,396	588,125
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	1,790	1,790
Payments for Income Taxes	15,305	33,255
Accrued Dividends	$ 4,028	$ 4,205

Investment Securities and Certificates of Deposit - Scheduled Maturities of Available-for-Sale Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 184,436	$ 743,198
Due after one year through five years, amortized cost	984	980
Debt securities, available-for-sale, amortized cost	185,420	744,178
Due within one year, fair value	184,438	743,338
Due after one year through five years, fair value	976	977
Total, fair value	$ 185,414	$ 744,315

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

For a further discussion of the Company's commitments, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

Private Equity – As of March 31, 2024, the Company had unfunded commitments for capital contributions of $2,584 to private equity funds. These commitments will be funded as required through the end of each private equity fund's investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

Lines of Credit – Evercore Partners Services East L.L.C. ("East") entered into a revolving credit facility with PNC Bank, National Association ("PNC") as amended on June 29, 2023, in an aggregate principal amount of up to $30,000 (the "Existing PNC Facility") to be used for working capital and other corporate activities. This facility is secured by East's accounts receivable and the proceeds therefrom, as well as certain assets of EGL, including certain of EGL's accounts receivable. In addition, the agreement contains certain reporting covenants, as well as certain debt covenants that prohibit East and the Company from incurring other indebtedness, subject to specified exceptions. The Company and its consolidated subsidiaries were in compliance with these covenants as of March 31, 2024. The interest rate provisions are Daily SOFR plus 161 basis points and the maturity date is October 27, 2024. There were no drawings under this facility at March 31, 2024.

East entered into an additional revolving credit facility with PNC, as amended on June 29, 2023, in an aggregate principal amount of up to $55,000 to be used for working capital and other corporate activities. This facility is unsecured. In addition, the agreement contains certain reporting requirements and debt covenants consistent with the Existing PNC Facility. The Company and its consolidated subsidiaries were in compliance with these covenants as of March 31, 2024. The interest rate provisions are Daily SOFR plus 191 basis points and the maturity date is October 27, 2024. East is only permitted to borrow under this facility if there is no undrawn availability under the Existing PNC Facility and must repay indebtedness under this facility prior to repaying indebtedness under the Existing PNC Facility. There were no drawings under this facility at March 31, 2024.

EGL entered into a subordinated revolving credit facility with PNC, as amended on November 6, 2023, in an aggregate principal amount of up to $75,000, to be used as needed in support of capital requirements from time to time of EGL. This facility is unsecured and is guaranteed by Evercore LP and other affiliates, pursuant to a guaranty agreement, which provides for certain reporting requirements and debt covenants consistent with the Existing PNC Facility. The interest rate provisions are Daily SOFR plus 191 basis points and the maturity date is October 28, 2025. There were no drawings under this facility at March 31, 2024.

In addition, EGL's clearing broker provides temporary funding for the settlement of securities transactions.

Other Commitments – The Company had a commitment for contingent consideration related to the purchase of the outstanding Class R Interests of Private Capital Advisory L.P. from employees of the RECA business in 2021. Consideration for this transaction includes contingent cash consideration which was settled during 2023 and the first quarter of 2024. The Company paid contingent cash consideration of $715 during the first quarter of 2023 and $2,023 during the first quarter of 2024, representing the final payment under this arrangement. The fair value of the remaining contingent consideration was $2,023 as of December 31, 2023, which is included within Payable to Employees and Related Parties on the Company's Unaudited Condensed Consolidated Statement of Financial Condition. The amount of contingent consideration to be paid was dependent on the RECA business achieving certain revenue performance targets. See Note 12 for further information.

Restricted Cash – The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Unaudited Condensed Consolidated Statements of Financial Condition that sum to the total of amounts shown in the Unaudited Condensed Consolidated Statements of Cash Flows:


	March 31,
	2024		2023
Cash and Cash Equivalents	$	569,776	$	579,190
Restricted Cash included in Other Assets	8,620		8,935
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	578,396	$	588,125

Restricted Cash included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition primarily represents letters of credit which are secured by cash as collateral for the lease of office space and security deposits for certain equipment. The restrictions will lapse when the leases end.

Self-Funded Medical Insurance Program – Effective January 1, 2023, the Company changed its medical insurance plan in the U.S. from a fully insured to a self-funded plan. The Company is liable for the funding of claims under the self-funded plan. The Company also maintains stop-loss insurance for its medical plan to provide coverage for claims over a defined financial threshold. The estimated present value of incurred but not reported claims is $3,067 and $3,165 as of March 31, 2024 and December 31, 2023, respectively, which is included within Accrued Compensation and Benefits on the Unaudited Condensed Consolidated Statements of Financial Condition.

Foreign Exchange – Periodically, the Company enters into foreign currency exchange forward contracts as an economic hedge against exchange rate risk for foreign currency denominated accounts receivable or other commitments. The Company entered into a foreign currency exchange forward contract during the first quarter of 2023 to buy 30,000 British Pounds sterling for $36,903, which settled during the third quarter of 2023, and resulted in a loss of $303. Upon settlement, the Company entered into a new foreign currency exchange forward contract to buy 30,000 British Pounds sterling for $36,675, which settled during the first quarter of 2024, and resulted in a loss of $347 for the three months ended March 31, 2024. The contract was recorded at its fair value of $1,585 as of December 31, 2023, and is included within Other Current Assets on the Unaudited Condensed Consolidated Statement of Financial Condition.

Contingencies

In the normal course of business, from time to time, the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, United Kingdom, German, Hong Kong, Singapore, Canadian, Dubai and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company's business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of determining whether any loss in connection with such matters is probable and whether the amount of such loss can be reasonably estimated, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot estimate the amount of such loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Provisions for losses are established in

accordance with ASC 450, "Contingencies" ("ASC 450") when warranted. Once established, such provisions are adjusted when there is more information available or when an event occurs requiring a change.

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Supplemental Operating Lease Information [Table Text Block]

Other information as it relates to the Company's operating leases is as follows:


	For the Three Months Ended March 31,
		2024			2023
New Right-of-Use Assets obtained in exchange for new operating lease liabilities		$	880		$	19,917


		March 31, 2024			March 31, 2023
Weighted-average remaining lease term - operating leases		10.5 years			10.5 years
Weighted-average discount rate - operating leases		4.58		%	4.05		%

Maturities of Undiscounted Operating Lease Liabilities

As of March 31, 2024, the maturities of the undiscounted operating lease liabilities for which the Company has commenced use are as follows:


2024 (April 1 through December 31)	$	36,221
2025	66,875
2026	64,135
2027	50,122
2028	48,642
Thereafter	337,870
Total lease payments	603,865
Less: Tenant Improvement Allowances	(7,380)
Less: Imputed Interest	(130,814)
Present value of lease liabilities	465,671
Less: Current lease liabilities	(37,413)
Long-term lease liabilities	$	428,258

Share-Based and Other Deferred Compensation - Separation and Transition Benefits Additional Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs	$ 1,780	$ 1,474
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Related to Restructuring (in shares)	19	6
Employee Compensation and Benefits \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Severance Costs	$ 1,835	$ 564

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Evercore Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the three months ended March 31, 2024 and 2023 are described and presented below.


	For the Three Months Ended March 31,
	2024		2023
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	85,693	$	83,378




Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,438		38,510


Basic net income per share attributable to Evercore Inc. common shareholders	$	2.23	$	2.17
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Inc. common shareholders	$	85,693	$	83,378
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	$	85,693	$	83,378
Denominator:
Weighted average Class A Shares outstanding, including vested RSUs	38,438		38,510
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)	2,485		1,808
Shares that are contingently issuable(3)	157		121

Diluted weighted average Class A Shares outstanding	41,080		40,439


Diluted net income per share attributable to Evercore Inc. common shareholders	$	2.09	$	2.06

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For a further discussion of the Company's accounting policies, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's annual report on Form 10-K for the year ended December 31, 2023. The December 31, 2023 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. The accompanying unaudited condensed consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 24 to the Company's consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan"), Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing"), Evercore Partners Canada Ltd. ("Evercore Canada") and Evercore Asia Limited ("Evercore Hong Kong") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan, Evercore Beijing, Evercore Canada and Evercore Hong Kong (as of September 30, 2023 for Evercore Hong Kong), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Unaudited Condensed Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan, Evercore Beijing, Evercore Canada and Evercore Hong Kong assets of $384,221 and liabilities of $128,097 at March 31, 2024 and assets of $466,588 and liabilities of $224,263 at December 31, 2023. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.

Fair Value Measurements

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC 820, "Fair Value Measurements and Disclosures" ("ASC 820") establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices, or for which fair value can be measured from actively quoted prices, generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level 1 – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level 1 include listed equities, listed derivatives and treasury bills and notes. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level 2 – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Periodically, the Company holds investments in corporate bonds, municipal bonds and other debt securities, the estimated fair values of which are based on prices provided by external pricing services. The Company also periodically holds foreign exchange currency forward contracts, the estimated fair value of which is based on foreign currency exchange rates provided by external services.

Level 3 – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023:


	March 31, 2024
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by EGL	$	467,486	$	—	$	—	$	467,486
Other Debt and Equity Securities(1)	195,387		—		—		195,387
Investment Funds	164,104		—		—		164,104


Total Assets Measured At Fair Value	$	826,977	$	—	$	—	$	826,977

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by EGL	$	476,778	$	—	$	—	$	476,778
Other Debt and Equity Securities(1)	753,247		—		—		753,247
Investment Funds	160,559		—		—		160,559
Other	—		1,585		—		1,585
Total Assets Measured At Fair Value	$	1,390,584	$	1,585	$	—	$	1,392,169

(1)Includes $9,676 and $8,557 of treasury bills classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of March 31, 2024 and December 31, 2023, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment.

The carrying amount and estimated fair value of the Company's financial instrument assets and liabilities, which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition, are listed in the tables below.


			March 31, 2024
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	560,100	$	560,100	$	—	$	—	$	560,100
Certificates of Deposit	48,001		—		48,001		—		48,001


Receivables(1)	416,997		—		414,158		—		414,158
Contract Assets(2)	37,273		—		36,650		—		36,650


Closely-held Equity Securities	631		—		—		631		631

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	29,520	$	—	$	29,520	$	—	$	29,520

Payable to Employees and Related Parties	63,841		—		63,841		—		63,841

Notes Payable	373,756		—		353,518		—		353,518


			December 31, 2023
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	588,321	$	588,321	$	—	$	—	$	588,321
Certificates of Deposit	54,856		—		54,856		—		54,856


Receivables(1)	465,295		—		461,682		—		461,682
Contract Assets(2)	91,246		—		90,876		—		90,876


Closely-held Equity Securities	636		—		—		636		636

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	25,989	$	—	$	25,989	$	—	$	25,989

Payable to Employees and Related Parties	45,838		—		45,838		—		45,838
Notes Payable	373,885		—		360,252		—		360,252

(1)Includes Accounts Receivable, as well as long-term receivables, which are included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Regulatory Authorities	3 Months Ended
Regulatory Authorities	Mar. 31, 2024
Broker-Dealer [Abstract]
Regulatory Authorities	Regulatory Authorities EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL's regulatory net capital as of March 31, 2024 and December 31, 2023 was $464,347 and $405,318, respectively, which exceeded the minimum net capital requirement by $464,097 and $405,068, respectively. Evercore Trust Company, N.A. ("ETC"), which is limited to fiduciary activities, is regulated by the Office of the Comptroller of the Currency ("OCC") and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require) and maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 180 days coverage of ETC's operating expenses. The Company was in compliance with the aforementioned agreements as of March 31, 2024. Evercore U.K., our U.K. Advisory affiliate, and Evercore ISI U.K., our U.K. Equities affiliate, are regulated by the Financial Conduct Authority. The aggregate regulatory net capital of these affiliates as of March 31, 2024 and December 31, 2023 was $224,393 and $184,981, respectively, which exceeded the minimum requirement by $138,936 and $98,805, respectively. Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at March 31, 2024.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Fair Value Measurements - Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Level 1 [Member]
Financial Assets:
Cash and Cash Equivalents	$ 560,100	$ 588,321
Certificates of Deposit	0	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Closely-held Equity Securities	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Level 2 [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit	48,001	54,856
Receivables(1)	414,158	461,682
Contract Assets(2)	36,650	90,876
Closely-held Equity Securities	0	0
Financial Liabilities:
Accounts Payable and Accrued Expenses	29,520	25,989
Payable to Employees and Related Parties	63,841	45,838
Notes Payable	353,518	360,252
Level 3 [Member]
Financial Assets:
Cash and Cash Equivalents	0	0
Certificates of Deposit	0	0
Receivables(1)	0	0
Contract Assets(2)	0	0
Closely-held Equity Securities	631	636
Financial Liabilities:
Accounts Payable and Accrued Expenses	0	0
Payable to Employees and Related Parties	0	0
Notes Payable	0	0
Carrying Amount [Member]
Financial Assets:
Cash and Cash Equivalents	560,100	588,321
Certificates of Deposit	48,001	54,856
Receivables(1)	416,997	465,295
Contract Assets(2)	37,273	91,246
Closely-held Equity Securities	631	636
Financial Liabilities:
Accounts Payable and Accrued Expenses	29,520	25,989
Payable to Employees and Related Parties	63,841	45,838
Notes Payable	373,756	373,885
Total [Member]
Financial Assets:
Cash and Cash Equivalents	560,100	588,321
Certificates of Deposit	48,001	54,856
Receivables(1)	414,158	461,682
Contract Assets(2)	36,650	90,876
Closely-held Equity Securities	631	636
Financial Liabilities:
Accounts Payable and Accrued Expenses	29,520	25,989
Payable to Employees and Related Parties	63,841	45,838
Notes Payable	$ 353,518	$ 360,252

Share-Based and Other Deferred Compensation - Deferred Cash Additional Information (Details) - USD ($) $ in Thousands						3 Months Ended
	Mar. 01, 2023	Mar. 01, 2022	Mar. 01, 2021	Mar. 01, 2020	Mar. 01, 2019	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Nov. 30, 2016
Deferred Cash Compensation Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)						4 years
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount						$ 143,220
Deferred Compensation Arrangement Compensation Expense						43,994	$ 39,762
Deferred Compensation Arrangement With Individual, Total Expected Payout						375,382
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized						$ 292,975
Deferred Compensation Arrangement With Individual, Total Compensation Cost Not Yet Recognized Period For Recognition						36 months
Restricted Cash Award [Member] \| Board of Directors Chairman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount									$ 35,000
Deferred Compensation Arrangement With Individual Cash Award Tranche One Vesting Amount					$ 11,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Two Vesting Amount				$ 6,000
Deferred Compensation Arrangement With Individual Cash Award Tranche Three Vesting Amount			$ 6,000
Deferred Compensation Arrangement With Individual Tranche Four Vesting Amount		$ 6,000
Deferred Compensation Arrangement with Individual Cash Award Tranche Five Vesting Amount	$ 6,000
Other Deferred Cash [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount						$ 6,662		$ 19,861
Deferred Compensation Arrangement Compensation Expense						$ 4,026	$ 4,328
Other Deferred Cash [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)						1 year
Other Deferred Cash [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation, Vesting Period (in years)						2 years

Segment Operating Results - Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Segment Reporting Information [Line Items]
Total Assets	$ 3,005,988	$ 3,703,298	$ 2,750,472
United States [Member]
Segment Reporting Information [Line Items]
Total Assets	2,593,982	3,146,756
Europe And Other [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 412,006	$ 556,542

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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+ Details

Related Parties	3 Months Ended
Related Parties	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Parties	Related Parties Advisory Fees includes fees earned from clients that have the Company's Senior Managing Directors, certain Senior Advisors and executives as a member of their Board of Directors of $811 and $1,668 for the three months ended March 31, 2024 and 2023, respectively. Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $19,852 and $21,186 as of March 31, 2024 and December 31, 2023, respectively. See Note 14 for further information.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details

Related Parties (Details) - Related Party - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Advisory Fees
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 811	$ 1,668
Loans Receivable
Related Party Transaction [Line Items]
Other Assets	$ 19,852		$ 21,186

Notes Payable - Additional Information (Details)		3 Months Ended
Notes Payable - Additional Information (Details)	Aug. 01, 2019 USD ($)	Mar. 31, 2024	Jun. 28, 2022 USD ($)	Mar. 29, 2021 USD ($)	Aug. 01, 2019 GBP (£)	Mar. 30, 2016 USD ($)
Debt Instrument [Line Items]
Minimum Repayment of Aggregate Principal Amount of Senior Notes (as a percent)		5.00%
Outstanding Principal Amount of Senior Notes (as a percent)		100.00%
Parent Company [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount						$ 170,000,000
Long-term Debt, Weighted Average Life	12 years
Long-term Debt, Weighted Average Interest Rate, at Point in Time (as a percent)	4.26%				4.26%
Parent Company [Member] \| Senior Notes [Member] \| United States of America, Dollars
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount	$ 175,000,000
Parent Company [Member] \| Senior Notes [Member] \| United Kingdom, Pounds
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount \| £					£ 25,000,000
Parent Company [Member] \| Series A Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount						$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage						4.88%
Parent Company [Member] \| Series B Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount						$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.23%
Parent Company [Member] \| Series C Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount						$ 48,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.48%
Parent Company [Member] \| Series D Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount						$ 17,000,000
Debt Instrument, Interest Rate, Stated Percentage						5.58%
Parent Company [Member] \| Series E Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount	$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.34%				4.34%
Parent Company [Member] \| Series F Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount	$ 60,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.44%				4.44%
Parent Company [Member] \| Series G Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount	$ 40,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.54%				4.54%
Parent Company [Member] \| Series H Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount \| £					£ 25,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.33%				3.33%
Parent Company [Member] \| Series I Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount				$ 38,000,000
Debt Instrument, Interest Rate, Stated Percentage				1.97%
Parent Company [Member] \| Series J Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Aggregate Principal Amount			$ 67,000,000
Debt Instrument, Interest Rate, Stated Percentage			4.61%

Share-Based and Other Deferred Compensation - Long-term Incentive Plan, Employee Loans Receivable and Other Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended			12 Months Ended
	Dec. 31, 2021	Mar. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long Term Incentive Plan Performance Period (in years)			4 years
Deferred Compensation Arrangement with Individual, Distribution Paid	$ 44,477	$ 48,461		$ 48,331	$ 3,940	$ 92,938
Deferred Compensation Arrangement with Individual, Recorded Liability			$ 139,608
Deferred Compensation Arrangement Compensation Expense			10,954	12,640
Long Term Incentive Plan [Member] \| Other Current Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability			46,504
Long Term Incentive Plan [Member] \| Other Noncurrent Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability			93,104
2021 Long Term Incentive Plan \| Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Cost Not Yet Recognized			87,236
Employee Loans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability			48,823
Deferred Compensation Arrangement Compensation Expense			$ 6,615	$ 4,646
Employee Loans [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite Service Period (in years)			1 year
Employee Loans [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite Service Period (in years)			5 years

Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Significant Accounting Policies [Line Items]
Total Assets	$ 3,005,988	$ 3,703,298	$ 2,750,472
Total Liabilities	1,357,716	1,920,808
Variable Interest Entity, Primary Beneficiary [Member]
Significant Accounting Policies [Line Items]
Total Assets	384,221	466,588
Total Liabilities	$ 128,097	$ 224,263

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Investment Securities and Certificates of Deposit - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule Of Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Unrealized Gain	$ 4	$ 148
Debt Securities, Available-for-Sale, Unrealized Loss	(149)
Debt Securities, Available-for-Sale, Realized Loss	(47)	(151)
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale	747,511	999,387
Certificates of Deposit, at Carrying Value	$ 48,001		$ 54,856
Certificates of Deposit
Schedule Of Marketable Securities [Line Items]
Cash and Cash Equivalents Maturity	4 months
Equity Securities [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Security, Gain (Loss)	$ (78)	163
Debt Securities Carried By EGL [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Security, Gain (Loss)	(135)	6
Investment Funds [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Security, Gain (Loss)	14,895	9,441
Investment Securities, Unrealized Gain (Loss)	$ 5,215	$ 4,680

Investments (Tables)

3 Months Ended

Mar. 31, 2024

Investments [Abstract]

Schedule of Equity Method Investments

A summary of the Company's investments accounted for under the equity method of accounting as of March 31, 2024 and December 31, 2023 was as follows:



	March 31, 2024		December 31, 2023

ABS	$	18,113	$	18,770
Atalanta Sosnoff	10,938		10,906
Luminis	6,745		6,296
Seneca Evercore	1,004		904
Total	$	36,800	$	36,876

Schedule of Equity Method Investments, Private Equity Funds

A summary of the Company's investments in the private equity funds as of March 31, 2024 and December 31, 2023 was as follows:



	March 31, 2024		December 31, 2023


Glisco II, Glisco III and Glisco IV	$	4,231	$	4,141


Trilantic IV and Trilantic V	1,756		1,766

Total Private Equity Funds	$	5,987	$	5,907

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's Provision (Benefit) for Income Taxes was ($6,679) and $16,131 for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate was (7.7%) and 14.9% for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate reflects the recognition of net excess tax benefits associated with appreciation in the Company's share price upon vesting of employee share-based awards above the original grant price of $29,506 and $13,731 for the three months ended March 31, 2024 and 2023, respectively, which resulted in a reduction in the effective tax rate of 34.1 and 12.7 percentage points for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate for the three months ended March 31, 2024 and 2023 also reflects the effect of certain nondeductible expenses, including expenses related to Class K-P Units, as well as the noncontrolling interest associated with LP Units and other adjustments. In October 2021, members of the Organization for Economic Co-operation and Development ("OECD") agreed on a two-pillar tax framework to realign international taxation with economic activities, including a coordinated set of rules designed to ensure large multinational enterprises pay a minimum 15% tax rate across all jurisdictions, known as Pillar Two. The implications of these rules begin to take effect for corporations in 2024, as jurisdictions enact legislation in line with the OECD rules and related guidance. The Company is evaluating the current and proposed legislation of Pillar Two and does not expect it to materially impact the Company's effective tax rate in the future. Additionally, the Company is subject to the income tax effects associated with the global intangible low-taxed income ("GILTI") provisions in the period incurred. For the three months ended March 31, 2024 and 2023, no additional income tax expense associated with the GILTI provisions has been recognized and it is not expected to be material to the Company's effective tax rate for the year. The Company recorded an increase in deferred tax assets of $22 associated with changes in Unrealized Gain (Loss) on Securities and Investments and an increase of $1,230 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2024. The Company recorded an increase in deferred tax assets of $1,022 associated with changes in Unrealized Gain (Loss) on Securities and Investments and a decrease of $1,809 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2023. The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Unaudited Condensed Consolidated Statements of Operations. As of March 31, 2024, there were $359 of unrecognized tax benefits that, if recognized, $292 would affect the effective tax rate. Related to the unrecognized tax benefits, the Company accrued interest and penalties of $18 and $1, respectively, during the three months ended March 31, 2024.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share-Based and Other Deferred Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based and Other Deferred Compensation

LP Units

Class K-P Units – The Company has awarded the following Class K-P Units:

•In June 2019, the Company awarded 220 Class K-P Units. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain defined benchmark results and continued service through February 4, 2023 for the first tranche, which consisted of 120 Class K-P Units, and February 4, 2028 for the second tranche, which consists of 100 Class K-P Units. In February 2023, the first tranche of 120 Class K-P Units converted into 193 Class K LP Units upon the achievement of certain performance and service conditions. The second tranche of these Class K-P Units may convert into a maximum of 173 Class K LP Units, contingent upon the achievement of defined benchmark results and continued service as described above.

•In December 2021, the Company awarded 400 Class K-P Units. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain market conditions, defined benchmark results and continued service through December 31, 2025. As this award contains market, performance and service conditions, the expense for this award will be recognized over the service period of the award and will reflect the fair value of the underlying units as determined at the award's grant date, taking into account the probable outcome of the market condition being achieved, as well as the probable outcome of the performance condition. These Class K-P Units may convert into a maximum of 800 Class K LP Units, contingent upon the achievement of certain market conditions, defined benchmark results and continued service, as described above.

•In December 2022, the Company awarded 200 Class K-P Units. These Class K-P Units are segregated into four tranches of 50 Class K-P Units each. The first three tranches each convert into 50 Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain market conditions and continued service through February 28, 2025, 2026 and 2027, respectively, while the final tranche converts into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain market conditions, defined benchmark results and continued service through February 28, 2028. As this award contains market, performance and service conditions, the expense for this award will be recognized over the service period of the award and will reflect the fair value of the underlying units as determined at the award's grant date, taking into account the probable outcome of the market condition being achieved, as well as the probable outcome of the performance condition. These Class K-P Units may convert into a maximum of 320 Class K LP Units, contingent upon the achievement of certain market conditions, defined benchmark results and continued service as described above.

•In June 2023, the Company awarded 60 Class K-P Units. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain market conditions, defined benchmark results and continued service through June 30, 2027. As this award contains market, performance and service conditions, the expense for this award will be recognized over the service period of the award and will reflect the fair value of the underlying units as determined at the award's grant date, taking into account the probable outcome of the market condition being achieved, as well as the probable outcome of the performance condition. These Class K-P Units may convert into 60 Class K LP Units contingent upon the achievement of certain market conditions and continued service, while additional units may be received upon conversion based on the level of defined benchmark results achieved.

The Company determined the grant date fair value of these awards probable to vest as of March 31, 2024 to be $103,664, related to 890 Class K LP Units which were probable of achievement, and recognizes expense for these units over the respective service periods. Aggregate compensation expense related to the Class K-P Units was $6,279 and $6,407 for the three months ended March 31, 2024 and 2023, respectively.

In April 2024, the Company's Board of Directors approved the issuance of approximately 325 Class K-P Units. These Class K-P Units convert into a number of Class K LP Units (which are exchangeable on a one-for-one basis to Class A Shares) contingent and based upon the achievement of certain market conditions, defined benchmark results and continued service through April 1, 2029.

Class L Interests

In January 2022, 2023 and 2024, the Company's Board of Directors approved the issuance of Class L Interests in Evercore LP ("Class L Interests") to certain of the named executive officers of the Company, pursuant to which the named executive officers received a discretionary distribution of profits from Evercore LP, paid in the first quarters of 2023, 2024 and 2025, respectively. Distributions pursuant to these interests are made in lieu of any cash incentive compensation payments which may otherwise have been made to the named executive officers of the Company in respect of their service for 2022, 2023 and 2024, respectively. Following the distributions, the Class L Interests are cancelled pursuant to their terms.

The Company records expense related to these Class L interests as part of its accrual for incentive compensation within Employee Compensation and Benefits on the Unaudited Condensed Consolidated Statements of Operations.

Stock Incentive Plan

During 2022, the Company's stockholders approved the Second Amended and Restated 2016 Evercore Inc. Stock Incentive Plan (the "Second Amended 2016 Plan"), which amended the Amended and Restated 2016 Evercore Inc. Stock Incentive Plan. The Second Amended 2016 Plan, among other things, authorizes the grant of an additional 6,500 of the Company's Class A Shares. The Second Amended 2016 Plan permits the Company to grant to certain employees, directors and consultants incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, RSUs and other awards based on the Company's Class A Shares. The Company intends to use newly-issued Class A Shares to satisfy any awards under the Second Amended 2016 Plan and its predecessor plan. Class A Shares underlying any award granted under the Second Amended 2016 Plan that expire, terminate or are canceled or satisfied for any reason without being settled in stock again become available for awards under the plan. The total shares available to be granted in the future under the Second Amended 2016 Plan was 3,543 as of March 31, 2024.

The Company also grants, at its discretion, dividend equivalents, in the form of unvested RSU awards, or deferred cash dividends, concurrently with the payment of dividends to the holders of Class A Shares, on all unvested RSU grants. The dividend equivalents have the same vesting and delivery terms as the underlying RSU award.

The Company estimates forfeitures in the aggregate compensation cost to be amortized over the requisite service period of its awards. The Company periodically monitors its estimated forfeiture rate and adjusts its assumptions to the actual occurrence of forfeited awards. A change in estimated forfeitures is recognized through a cumulative adjustment in the period of the change.

Equity Grants

During the three months ended March 31, 2024, pursuant to the Second Amended 2016 Plan, the Company granted employees 1,646 RSUs that are Service-based Awards. Service-based Awards granted during the three months ended March 31, 2024 had grant date fair values of $148.49 to $187.12 per share, with an average value of $182.53 per share, for an aggregate fair value of $300,520, and generally vest ratably over four years. During the three months ended March 31, 2024, 2,068 Service-based Awards vested and 5 Service-based Awards were forfeited. Compensation expense related to Service-based Awards was $72,178 and $66,488 for the three months ended March 31, 2024 and 2023, respectively.

Deferred Cash

Deferred Cash Compensation Program – The Company's deferred cash compensation program provides participants the ability to elect to receive a portion of their deferred compensation in cash, which is indexed to notional investment portfolios selected by the participant and generally vests ratably over four years and requires payment upon vesting. The Company

granted $143,220 of deferred cash awards pursuant to the deferred cash compensation program during the three months ended March 31, 2024.

Compensation expense related to the Company's deferred cash compensation program was $43,994 and $39,762 for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, the Company expects to pay an aggregate of $375,382 related to the Company's deferred cash compensation program at various dates through 2028 and total compensation expense not yet recognized related to these awards was $292,975. The weighted-average period over which this compensation cost is expected to be recognized is 36 months. Amounts due pursuant to this program are expensed over the service period of the award and are reflected in Accrued Compensation and Benefits on the Unaudited Condensed Consolidated Statement of Financial Condition.

Other Deferred Cash Awards – In November 2016, the Company granted a restricted cash award in conjunction with the appointment of the Chief Executive Officer (then Executive Chairman) with a payment amount of $35,000, of which $11,000 vested on March 1, 2019 and $6,000 vested on each of March 1, 2020, 2021, 2022 and 2023, upon the achievement of service conditions.

During the first quarter of 2024 and 2022, the Company granted $6,662 and $19,861, respectively, of deferred cash awards to certain employees. These awards vest ratably over one to two years.

In addition, the Company periodically grants other deferred cash awards to certain employees. The Company recognizes expense for these awards ratably over the vesting period.

Compensation expense related to other deferred cash awards was $4,026 and $4,328 for the three months ended March 31, 2024 and 2023, respectively.

Long-term Incentive Plan

The Company's Long-term Incentive Plans provide for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over four-year performance periods beginning January 1, 2017 (the "2017 Long-term Incentive Plan", which ended on December 31, 2020) and January 1, 2021 (the "2021 Long-term Incentive Plan", which was approved by the Company's Board of Directors in April 2021 and modified in July 2021). The vesting period for the 2017 Long-term Incentive Plan ended on March 15, 2023 and in conjunction with this plan, the Company distributed cash payments of $48,331 in the three months ended March 31, 2023, $3,940 in the three months ended March 31, 2022 and $92,938 in the year ended December 31, 2021 (including the first cash distribution made in March 2021 of $48,461, and an additional cash distribution made in December 2021 of $44,477, related to the acceleration of certain amounts due in the first quarter of 2022). As of March 31, 2024, the Company has accrued $139,608 pursuant to the 2021 Long-term Incentive Plan, including $46,504 within Accrued Compensation and Benefits and $93,104 within Other Long-term Liabilities, on the Unaudited Condensed Consolidated Statement of Financial Condition. Amounts due are to be paid in cash or Class A Shares, at the Company's discretion, in the first quarter of 2025, 2026 and 2027, subject to employment at the time of payment. The Company periodically assesses the probability of the benchmarks being achieved and expenses the probable payout over the requisite service period of the award. The Company recorded compensation expense related to the 2017 Long-term Incentive Plan and 2021 Long-term Incentive Plan of $10,954 and $12,640 for the three months ended March 31, 2024 and 2023, respectively.

As of March 31, 2024, the total remaining expense to be recognized for the 2021 Long-term Incentive Plan over the future vesting period ending March 15, 2027, based on the current anticipated probable payout for the plan, is $87,236.

Employee Loans Receivable

Periodically, the Company provides new and existing employees with cash payments in the form of loans and/or other cash awards which are subject to ratable vesting terms with service requirements ranging from one to five years and in certain circumstances, subject to the achievement of performance requirements. Generally, these awards, based on the terms, include a requirement of either full or partial repayment by the employee if the service or other requirements of the agreements with the Company are not achieved. In circumstances where the employee meets the Company's minimum credit standards, the Company amortizes these awards to compensation expense over the relevant service period, which is generally the period they are subject to forfeiture. Compensation expense related to these awards was $6,615 and $4,646 for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, the total compensation cost not yet recognized related to these awards was $48,823.

Separation and Transition Benefits

The following table presents the change in the Company's liability related to separation benefits, stay arrangements and accelerated deferred cash compensation (together, the "Termination Costs") for the three months ended March 31, 2024 and 2023:


	For the Three Months Ended March 31,
	2024		2023
Beginning Balance	$	2,824	$	4,997
Termination Costs Incurred	1,780		1,474
Cash Benefits Paid	(3,375)		(5,332)
Non-Cash Charges	(63)		—
Ending Balance	$	1,166	$	1,139

In addition to the above Termination Costs incurred, for the three months ended March 31, 2024 and 2023, the Company also incurred expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $1,835 and $564, respectively (related to 19 and 6 RSUs, respectively) recorded in Employee Compensation and Benefits, within the Investment Banking & Equities segment, on the Company's Unaudited Condensed Consolidated Statements of Operations.

Net Income Per Share Attributable to Evercore Inc. Common Shareholders - Additional Information (Details) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($) shares
LP Units [Member] \| Class A, E, K and I LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	2,609	2,756
Adjustment to Diluted Net Income Attributable to Class A Common Shareholders if LP Units were Dilutive \| $	$ 6,212	$ 6,986
Restricted Stock Units (RSUs) [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	44	2,239
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Limited Partnership Units Convertible Conversion Ratio	1

Investment Securities and Certificates of Deposit

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Investment Securities and Certificates of Deposit

The Company's Investment Securities and Certificates of Deposit as of March 31, 2024 and December 31, 2023 were as follows:



			March 31, 2024				December 31, 2023
Debt Securities			$	185,414			$	744,315
Equity Securities			297				375
Debt Securities Carried by EGL			467,486				476,778
Investment Funds			164,104				160,559
Total Investment Securities, at fair value			$	817,301			$	1,382,027

Certificates of Deposit, at contract value	48,001				54,856

Total Investment Securities and Certificates of Deposit	$	865,302			$	1,436,883

Debt Securities

Debt Securities are classified as available-for-sale securities within Investment Securities and Certificates of Deposit on the Unaudited Condensed Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) on the Unaudited Condensed

Consolidated Statements of Financial Condition and realized gains and losses included in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations, on a specific identification basis.

Gross unrealized gains included in Accumulated Other Comprehensive Income (Loss) were $4 and $148 for the three months ended March 31, 2024 and 2023, respectively. Gross unrealized losses included in Accumulated Other Comprehensive Income (Loss) were ($149) for the three months ended March 31, 2024.

Gross realized losses included within Other Revenue, Including Interest and Investments, were ($47) and ($151) for the three months ended March 31, 2024 and 2023, respectively.

Proceeds from the sales and maturities of available-for-sale securities, including interest, were $747,511 and $999,387 for the three months ended March 31, 2024 and 2023, respectively.

Scheduled maturities of the Company's available-for-sale debt securities as of March 31, 2024 and December 31, 2023 were as follows:


	March 31, 2024				December 31, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	184,436	$	184,438	$	743,198	$	743,338
Due after one year through five years	984		976		980		977


Total	$	185,420	$	185,414	$	744,178	$	744,315

The Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity. Further, the securities are all U.S. Treasuries and the Company has not incurred credit losses on its securities. As such, the Company does not consider these securities to be impaired at March 31, 2024 and has not recorded a credit allowance on these securities.

Equity Securities

Equity Securities are carried at fair value with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net unrealized gains (losses) of ($78) and $163 for the three months ended March 31, 2024 and 2023, respectively.

Debt Securities Carried by EGL

EGL invests in a fixed income portfolio consisting primarily of U.S. Treasury bills. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($135) and $6 for the three months ended March 31, 2024 and 2023, respectively.

Investment Funds

The Company invests in a portfolio of exchange-traded funds as an economic hedge against its deferred cash compensation program. See Note 14 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains of $14,895 and $9,441 for the three months ended March 31, 2024 and 2023, respectively (of which $5,215 and $4,680, respectively, were net unrealized gains).

Certificates of Deposit

At March 31, 2024 and December 31, 2023, the Company held certificates of deposit of $48,001 and $54,856, respectively, with certain banks with original maturities of four months or less when purchased.

Segment Operating Results - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of reporting segments	2

Share-Based and Other Deferred Compensation - Schedule of Changes in Termination Costs Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 2,824	$ 4,997
Termination Costs Incurred	1,780	1,474
Cash Benefits Paid	(3,375)	(5,332)
Non-Cash Charges	(63)	0
Ending Balance	$ 1,166	$ 1,139

Commitments and Contingencies - Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Cash and Cash Equivalents	$ 569,776	$ 596,878	$ 579,190
Restricted Cash included in Other Assets	8,620		8,935
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$ 578,396	$ 605,484	$ 588,125	$ 672,123

Revenue and Accounts Receivable - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Credit Losses [Roll Forward]
Beginning Balance	$ 5,603	$ 4,683
Bad debt expense, net of reversals	(567)	3,734
Write-offs, foreign currency translation and other adjustments	(278)	(1,200)
Ending Balance	$ 4,758	$ 7,217

Noncontrolling Interest (Tables)

3 Months Ended

Mar. 31, 2024

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Interest

Noncontrolling ownership interests for the Company's subsidiaries were as follows:


	As of March 31,
	2024		2023

Evercore LP	6	%	7	%
Evercore Wealth Management ("EWM")(1)	26	%	25	%

(1)Noncontrolling Interests as of March 31, 2023 represent a blended rate for multiple classes of interests in EWM.

Changes in Noncontrolling Interest

Changes in Noncontrolling Interest for the three months ended March 31, 2024 and 2023 were as follows:


	For the Three Months Ended March 31,
	2024		2023
Beginning balance	$	205,556	$	189,607

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	7,431		8,863
Other Comprehensive Income (Loss)	(299)		216
Total Comprehensive Income	7,132		9,079

Evercore LP Units Exchanged for Class A Shares	(6,146)		(1,478)

Amortization and Vesting of LP Units	6,350		6,460


Other Items:
Distributions to Noncontrolling Interests	(9,438)		(10,390)








Total Other Items	(9,438)		(10,390)

Ending balance	$	203,454	$	193,278

Segment Operating Results - Revenues Derived From Clients by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net Revenues	$ 552,310	$ 549,468
United States [Member]
Segment Reporting Information [Line Items]
Net Revenues	455,236	395,188
Europe And Other [Member]
Segment Reporting Information [Line Items]
Net Revenues	96,928	152,527
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenues	$ 146	$ 1,753

Organization	3 Months Ended
Organization	Mar. 31, 2024
Accounting Policies [Abstract]
Organization	Organization Evercore Inc., together with its subsidiaries (the "Company"), is an investment banking and investment management firm, incorporated in Delaware and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in, and is the sole general partner of, Evercore LP, a Delaware limited partnership ("Evercore LP"). The Company operates from its offices and through its affiliates in the Americas, Europe, the Middle East and Asia. The Investment Banking & Equities segment includes the investment banking business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures, shareholder activism and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides liability management and restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings, raises funds for financial sponsors and provides advisory services focused on partnerships and private funds interests, as well as on primary and secondary transactions for real estate oriented financial sponsors and private equity interests. The Investment Banking & Equities segment also includes the equities business through which the Company offers macroeconomic, policy and fundamental equity research and agency-based equity securities trading for institutional investors. The Investment Management segment includes the wealth management business through which the Company provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds which are not managed by the Company.

Revenue and Accounts Receivable

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue and Accounts Receivable

The following table presents revenue recognized by the Company for the three months ended March 31, 2024 and 2023:


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities:

Advisory Fees	$	429,838	$	462,562

Underwriting Fees	55,535		22,883

Commissions and Related Revenue	48,238		48,065

Total Investment Banking & Equities	$	533,611	$	533,510

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	18,699	$	15,958


Total Investment Management	$	18,699	$	15,958

Contract Balances

The change in the Company’s contract assets and liabilities during the following periods primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the three months ended March 31, 2024 and 2023 are as follows:


	For the Three Months Ended March 31, 2024
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)
Balance at January 1, 2024	$	371,606	$	93,689	$	85,401	$	5,845	$	3,524
Increase (Decrease)	(39,867)		(8,431)		(56,789)		2,816		1,940
Balance at March 31, 2024	$	331,739	$	85,258	$	28,612	$	8,661	$	5,464

	For the Three Months Ended March 31, 2023
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)
Balance at January 1, 2023	$	385,131	$	64,139	$	110,468	$	8,028	$	5,071
Increase (Decrease)	(85,974)		6,022		(96,505)		3,869		873
Balance at March 31, 2023	$	299,157	$	70,161	$	13,963	$	11,897	$	5,944

(1)Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4)Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

The Company's contract assets represent arrangements in which an estimate of variable consideration has been included in the transaction price and thereby recognized as revenue that precedes the contractual due date. Under ASC 606, "Revenue from Contracts with Customers" ("ASC 606"), revenue is recognized when all material conditions for completion have been met and it is probable that a significant revenue reversal will not occur in a future period.

The Company recognized revenue of $4,865 and $3,547 on the Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023, respectively, that was initially included in deferred revenue within Other Current Liabilities on the Company’s Unaudited Condensed Consolidated Statements of Financial Condition.

Generally, performance obligations under client arrangements will be settled within one year; therefore, the Company has elected to apply the practical expedient in ASC 606-10-50-14.

The allowance for credit losses for the three months ended March 31, 2024 and 2023 is as follows:


	For the Three Months Ended March 31,
	2024		2023
Beginning Balance	$	5,603	$	4,683
Bad debt expense, net of reversals	(567)		3,734
Write-offs, foreign currency translation and other adjustments	(278)		(1,200)

Ending Balance	$	4,758	$	7,217

The change in the balance during the three months ended March 31, 2024 is primarily related to a decrease in the Company's reserve for credit losses and the write-off of aged receivables.

For long-term accounts receivable and long-term contract assets, the Company monitors clients’ creditworthiness based on collection experience and other internal metrics. The following table presents the Company’s long-term accounts receivable and long-term contract assets from the Company's private and secondary fund advisory businesses as of March 31, 2024, by year of origination:


	Amortized Carrying Value by Origination Year
	2024		2023		2022		2021		2020		Total



Long-term Accounts Receivable and Long-term Contract Assets	$	12,985	$	47,568	$	25,440	$	7,026	$	900	$	93,919

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Class A [Member]	Common Stock [Member] Class A [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2022	$ 1,726,418		$ 797	$ 2,861,775	$ (27,942)	$ 1,768,098	$ (3,065,917)	$ 189,607
Beginning Balance, Shares at Dec. 31, 2022			79,686,375
Beginning Balance, Treasury Stock, Shares at Dec. 31, 2022							(41,339,113)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	92,241					83,378		8,863
Other Comprehensive Income (Loss)	2,475				2,259			216
Treasury Stock Purchases	(284,566)						$ (284,566)
Treasury Stock Purchases, Shares							(2,152,581)
Evercore LP Units Exchanged for Class A Common Stock	936		$ 0	2,414				(1,478)
Evercore LP Units Exchanged for Class A Common Stock, Shares			23,500
Equity-based Compensation Awards	73,974		$ 21	67,493				6,460
Equity-based Compensation Awards, Shares			2,127,054
Dividends	(31,877)					(31,877)
Noncontrolling Interest (Note 12)	(10,390)			0				(10,390)
Ending Balance at Mar. 31, 2023	1,569,211		$ 818	2,931,682	(25,683)	1,819,599	$ (3,350,483)	193,278
Ending Balance, Shares at Mar. 31, 2023			81,836,929
Ending Balance, Treasury Stock, Shares at Mar. 31, 2023							(43,491,694)
Beginning Balance at Dec. 31, 2023	$ 1,782,490		$ 821	3,163,198	(26,538)	1,892,656	$ (3,453,203)	205,556
Beginning Balance, Shares at Dec. 31, 2023		37,773,613	82,114,009
Beginning Balance, Treasury Stock, Shares at Dec. 31, 2023	(44,340,396)						(44,340,396)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	$ 93,124					85,693		7,431
Other Comprehensive Income (Loss)	(3,523)				(3,224)			(299)
Treasury Stock Purchases	$ (263,297)						$ (263,297)
Treasury Stock Purchases, Shares	(1,487,000)						(1,487,189)
Evercore LP Units Exchanged for Class A Common Stock	$ 2,012		$ 1	8,157				(6,146)
Evercore LP Units Exchanged for Class A Common Stock, Shares			90,641
Equity-based Compensation Awards	80,241		$ 21	73,870				6,350
Equity-based Compensation Awards, Shares			2,137,685
Dividends	(33,337)					(33,337)
Noncontrolling Interest (Note 12)	(9,438)			0				(9,438)
Ending Balance at Mar. 31, 2024	$ 1,648,272		$ 843	$ 3,245,225	$ (29,762)	$ 1,945,012	$ (3,716,500)	$ 203,454
Ending Balance, Shares at Mar. 31, 2024		38,514,750	84,342,335
Ending Balance, Treasury Stock, Shares at Mar. 31, 2024	(45,827,585)						(45,827,585)

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company's annual report on Form 10-K for the year ended December 31, 2023. The December 31, 2023 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. The accompanying unaudited condensed consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP's wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. ("EGL"), a registered broker-dealer in the U.S. The Company's policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities ("VIEs") where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date. Evercore LP is a VIE and the Company is the primary beneficiary. Specifically, the Company has the majority economic interest in Evercore LP and has decision making authority that significantly affects the economic performance of the entity while the limited partners have no kick-out or substantive participating rights. The assets and liabilities of Evercore LP represent substantially all of the consolidated assets and liabilities of the Company with the exception of U.S. corporate taxes and related items, which are presented on the Company's (Parent Company Only) Condensed Statements of Financial Condition in Note 24 to the Company's consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Evercore ISI International Limited ("Evercore ISI U.K."), Evercore Partners International LLP ("Evercore U.K."), Evercore (Japan) Ltd. ("Evercore Japan"), Evercore Consulting (Beijing) Co. Ltd. ("Evercore Beijing"), Evercore Partners Canada Ltd. ("Evercore Canada") and Evercore Asia Limited ("Evercore Hong Kong") are also VIEs, and the Company is the primary beneficiary of these VIEs. Specifically for Evercore ISI U.K., Evercore Japan, Evercore Beijing, Evercore Canada and Evercore Hong Kong (as of September 30, 2023 for Evercore Hong Kong), the Company provides financial support through transfer pricing agreements with these entities, which exposes the Company to losses that are potentially significant to these entities, and has decision making authority that significantly affects the economic performance of these entities. The Company has the majority economic interest in Evercore U.K. and has decision making authority that significantly affects the economic performance of this entity. The Company included in its Unaudited Condensed Consolidated Statements of Financial Condition Evercore ISI U.K., Evercore U.K., Evercore Japan, Evercore Beijing, Evercore Canada and Evercore Hong Kong assets of $384,221 and liabilities of $128,097 at March 31, 2024 and assets of $466,588 and liabilities of $224,263 at December 31, 2023. All intercompany balances and transactions with the Company's subsidiaries have been eliminated upon consolidation.

Revenue and Accounts Receivable (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue recognized by the Company for the three months ended March 31, 2024 and 2023:


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities:

Advisory Fees	$	429,838	$	462,562

Underwriting Fees	55,535		22,883

Commissions and Related Revenue	48,238		48,065

Total Investment Banking & Equities	$	533,611	$	533,510

Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	18,699	$	15,958


Total Investment Management	$	18,699	$	15,958

Contract with Customer, Asset and Liability [Table Text Block]


	For the Three Months Ended March 31, 2024
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)
Balance at January 1, 2024	$	371,606	$	93,689	$	85,401	$	5,845	$	3,524
Increase (Decrease)	(39,867)		(8,431)		(56,789)		2,816		1,940
Balance at March 31, 2024	$	331,739	$	85,258	$	28,612	$	8,661	$	5,464

	For the Three Months Ended March 31, 2023
	Receivables (Current)(1)		Receivables (Long-term)(2)		Contract Assets (Current)(3)		Contract Assets (Long-term)(2)		Deferred Revenue (Current Contract Liabilities)(4)
Balance at January 1, 2023	$	385,131	$	64,139	$	110,468	$	8,028	$	5,071
Increase (Decrease)	(85,974)		6,022		(96,505)		3,869		873
Balance at March 31, 2023	$	299,157	$	70,161	$	13,963	$	11,897	$	5,944

(1)Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4)Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

The allowance for credit losses for the three months ended March 31, 2024 and 2023 is as follows:


	For the Three Months Ended March 31,
	2024		2023
Beginning Balance	$	5,603	$	4,683
Bad debt expense, net of reversals	(567)		3,734
Write-offs, foreign currency translation and other adjustments	(278)		(1,200)

Ending Balance	$	4,758	$	7,217

Accounts Receivable, Noncurrent, Credit Quality Indicator [Table Text Block]


	Amortized Carrying Value by Origination Year
	2024		2023		2022		2021		2020		Total



Long-term Accounts Receivable and Long-term Contract Assets	$	12,985	$	47,568	$	25,440	$	7,026	$	900	$	93,919

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Unaudited Condensed Consolidated Statements of Financial Condition that sum to the total of amounts shown in the Unaudited Condensed Consolidated Statements of Cash Flows:


	March 31,
	2024		2023
Cash and Cash Equivalents	$	569,776	$	579,190
Restricted Cash included in Other Assets	8,620		8,935
Total Cash, Cash Equivalents and Restricted Cash shown in the Statement of Cash Flows	$	578,396	$	588,125

Revenue and Accounts Receivable - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investment Banking and Equities [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 533,611	$ 533,510
Investment Banking and Equities [Member] \| Advisory Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	429,838	462,562
Investment Banking and Equities [Member] \| Underwriting Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	55,535	22,883
Investment Banking and Equities [Member] \| Commissions and Related Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	48,238	48,065
Investment Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	18,699	15,958
Investment Management [Member] \| Wealth Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 18,699	$ 15,958

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 93,124	$ 92,241
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Securities and Investments, net	(70)	(3,246)
Foreign Currency Translation Adjustment Gain (Loss), net	(3,453)	5,721
Other Comprehensive Income (Loss)	(3,523)	2,475
Comprehensive Income	89,601	94,716
Comprehensive Income Attributable to Noncontrolling Interest	7,132	9,079
Comprehensive Income Attributable to Evercore Inc.	$ 82,469	$ 85,637

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

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Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

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-Paragraph 1
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Reference 38: http://www.xbrl.org/2003/role/disclosureRef
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Reference 39: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023:


	March 31, 2024
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by EGL	$	467,486	$	—	$	—	$	467,486
Other Debt and Equity Securities(1)	195,387		—		—		195,387
Investment Funds	164,104		—		—		164,104


Total Assets Measured At Fair Value	$	826,977	$	—	$	—	$	826,977

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Debt Securities Carried by EGL	$	476,778	$	—	$	—	$	476,778
Other Debt and Equity Securities(1)	753,247		—		—		753,247
Investment Funds	160,559		—		—		160,559
Other	—		1,585		—		1,585
Total Assets Measured At Fair Value	$	1,390,584	$	1,585	$	—	$	1,392,169

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value


			March 31, 2024
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	560,100	$	560,100	$	—	$	—	$	560,100
Certificates of Deposit	48,001		—		48,001		—		48,001


Receivables(1)	416,997		—		414,158		—		414,158
Contract Assets(2)	37,273		—		36,650		—		36,650


Closely-held Equity Securities	631		—		—		631		631

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	29,520	$	—	$	29,520	$	—	$	29,520

Payable to Employees and Related Parties	63,841		—		63,841		—		63,841

Notes Payable	373,756		—		353,518		—		353,518


			December 31, 2023
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and Cash Equivalents	$	588,321	$	588,321	$	—	$	—	$	588,321
Certificates of Deposit	54,856		—		54,856		—		54,856


Receivables(1)	465,295		—		461,682		—		461,682
Contract Assets(2)	91,246		—		90,876		—		90,876


Closely-held Equity Securities	636		—		—		636		636

Financial Liabilities:
Accounts Payable and Accrued Expenses	$	25,989	$	—	$	25,989	$	—	$	25,989

Payable to Employees and Related Parties	45,838		—		45,838		—		45,838
Notes Payable	373,885		—		360,252		—		360,252

(1)Includes Accounts Receivable, as well as long-term receivables, which are included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Includes current and long-term contract assets included in Other Current Assets and Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

Notes Payable

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Notes Payable

On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes which were due March 30, 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes which were originally due March 30, 2023 ("Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due March 30, 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due March 30, 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "2016 Private Placement Notes"), pursuant to a note purchase agreement (the "2016 Note Purchase Agreement") dated as of March 30, 2016, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

On August 1, 2019, the Company issued $175,000 and £25,000 of senior unsecured notes through private placement. These notes reflect a weighted average life of 12 years and a weighted average stated interest rate of 4.26%. These notes include: $75,000 aggregate principal amount of its 4.34% Series E senior notes due August 1, 2029 (the "Series E Notes"), $60,000 aggregate principal amount of its 4.44% Series F senior notes due August 1, 2031 (the "Series F Notes"), $40,000 aggregate principal amount of its 4.54% Series G senior notes due August 1, 2033 (the "Series G Notes") and £25,000 aggregate principal amount of its 3.33% Series H senior notes due August 1, 2033 (the "Series H Notes" and together with the Series E Notes, the Series F Notes and the Series G Notes, the "2019 Private Placement Notes"), each of which were issued

pursuant to a note purchase agreement dated as of August 1, 2019 (the "2019 Note Purchase Agreement"), among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

On March 29, 2021, the Company issued $38,000 aggregate principal amount of its 1.97% Series I senior notes due August 1, 2025 (the "Series I Notes" or the "2021 Private Placement Notes"), pursuant to a note purchase agreement (the "2021 Note Purchase Agreement") dated as of March 29, 2021, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

On June 28, 2022, the Company issued $67,000 aggregate principal amount of its 4.61% Series J senior notes due November 15, 2028 (the "Series J Notes" or the "2022 Private Placement Notes"), pursuant to a note purchase agreement (the "2022 Note Purchase Agreement") dated as of June 28, 2022, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933.

Interest on the above issuances is payable semi-annually and the notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of each of the individual issuances then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the notes plus accrued and unpaid interest to the prepayment date. The respective Note Purchase Agreements contain customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio (for the 2016 Private Placement Notes only), and customary events of default. As of March 31, 2024, the Company was in compliance with all of these covenants.

Notes Payable is comprised of the following as of March 31, 2024 and December 31, 2023:


				Carrying Value(1)

Note	Maturity Date	Effective Annual Interest Rate		March 31, 2024		December 31, 2023


Evercore Inc. 5.48% Series C Senior Notes	3/30/2026	5.64	%	$	47,855	$	47,838
Evercore Inc. 5.58% Series D Senior Notes	3/30/2028	5.72	%	16,914		16,910
Evercore Inc. 4.34% Series E Senior Notes	8/1/2029	4.46	%	74,564		74,546
Evercore Inc. 4.44% Series F Senior Notes	8/1/2031	4.55	%	59,600		59,589
Evercore Inc. 4.54% Series G Senior Notes	8/1/2033	4.64	%	39,709		39,703
Evercore Inc. 3.33% Series H Senior Notes	8/1/2033	3.42	%	31,339		31,597
Evercore Inc. 1.97% Series I Senior Notes	8/1/2025	2.20	%	37,887		37,867
Evercore Inc. 4.61% Series J Senior Notes	11/15/2028	5.02	%	65,888		65,835
Total				$	373,756	$	373,885

(1)Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability.

Noncontrolling Interest - Additional Information (Details) shares in Thousands, $ in Thousands		3 Months Ended		12 Months Ended
	Dec. 31, 2021 USD ($)	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest		$ (6)	$ (283)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest		$ (293)	499
LP Units Exchanged by Employees (in units) \| shares		91
Evercore LP Units Exchanged for Class A Shares		$ 2,012	936
Increase in Common Stock		1
Adjustments to Additional Paid-In-Capital		$ 6,145
LP Units [Member]
Noncontrolling Interest [Line Items]
Limited Partnership Units Convertible Conversion Ratio		1
Real Estate Capital Advisory [Member]
Noncontrolling Interest [Line Items]
Purchase Of Noncontrolling Interest	$ 54,297
Payments to Acquire Additional Interest in Subsidiaries		$ 2,023	715	$ 27,710	$ 6,000
Real Estate Capital Advisory [Member] \| Payable to Employees and Related Parties [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Purchase of Interest, Contingent Consideration, Liability, Current						$ 2,023
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Evercore LP Units Exchanged for Class A Shares		$ (6,146)	$ (1,478)

Noncontrolling Interest - Changes In Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 205,556
Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	7,431	$ 8,863
Total Comprehensive Income	7,132	9,079
Evercore LP Units Exchanged for Class A Shares	2,012	936
Total Other Items	(9,438)	(10,390)
Ending balance	203,454
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	205,556	189,607
Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	7,431	8,863
Other Comprehensive Income (Loss)	(299)	216
Total Comprehensive Income	7,132	9,079
Evercore LP Units Exchanged for Class A Shares	(6,146)	(1,478)
Amortization and Vesting of LP Units	6,350	6,460
Distributions to Noncontrolling Interests	(9,438)	(10,390)
Total Other Items	(9,438)	(10,390)
Ending balance	$ 203,454	$ 193,278

Segment Operating Results - Segment Contribution (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net Revenues	$ 580,815	$ 572,143
Operating Expenses	496,695	462,318
Other Expenses	0	2,921
Income Before Income from Equity Method Investments and Income Taxes	84,120	106,904
Income from Equity Method Investments	2,325	1,468
Pre-Tax Income	86,445	108,372
Identifiable Segment Assets	3,005,988	2,750,472	$ 3,703,298
Investment Banking and Equities [Member]
Segment Reporting Information [Line Items]
Net Revenues	561,728	554,811
Operating Expenses	482,838	449,080
Other Expenses	0	2,921
Income Before Income from Equity Method Investments and Income Taxes	78,890	102,810
Income from Equity Method Investments	688	71
Pre-Tax Income	79,578	102,881
Identifiable Segment Assets	2,879,890	2,608,350
Investment Management [Member]
Segment Reporting Information [Line Items]
Net Revenues	19,087	17,332
Operating Expenses	13,857	13,238
Income Before Income from Equity Method Investments and Income Taxes	5,230	4,094
Income from Equity Method Investments	1,637	1,397
Pre-Tax Income	6,867	5,491
Identifiable Segment Assets	$ 126,098	$ 142,122

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Provision (Benefit) for Income Taxes	$ (6,679)	$ 16,131
Effective Income Tax Rate	(7.70%)	14.90%
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount	$ 29,506	$ 13,731
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Percent	(34.10%)	(12.70%)
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Unrealized Gain Loss On Marketable Securities In Accumulated Other Comprehensive Income Loss	$ 22	$ 1,022
Increase (Decrease) In Deferred Tax Assets Associated With Changes In Foreign Currency Translation Adjustment Gain Loss In Accumulated Other Comprehensive Income Loss	1,230	$ (1,809)
Unrecognized Tax Benefits	359
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	292
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	18
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 1

Revenue and Accounts Receivable - Long-Term Accounts Receivable and Contract Assets (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Noncurrent, Originated in Current Fiscal Year	$ 12,985
Accounts Receivable, Noncurrent, Originated in Fiscal Year before Latest Fiscal Year	47,568
Accounts Receivable, Noncurrent, Originated Two Years before Latest Fiscal Year	25,440
Accounts Receivable, Noncurrent, Originated Three Years before Latest Fiscal Year	7,026
Accounts Receivable, Noncurrent, Originated Four Years before Latest Fiscal Year	900
Accounts Receivable, Noncurrent, Not Past Due	$ 93,919

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2023-07 – In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07, "Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). ASU 2023-07 provides amendments to Accounting Standards Codification ("ASC") 280, "Segment Reporting" ("ASC 280"), which require disclosure of incremental segment information on an annual and interim basis, and require that all annual disclosures currently required by ASC 280 about a reportable segment's profit or loss and assets are also provided in interim periods. The amendments in this update are effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a retrospective basis. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto. ASU 2023-09 – In December 2023, the FASB issued ASU No. 2023-09, "Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 provides amendments to ASC 740, "Income Taxes," which require greater disaggregation of information in a reporting entity's effective tax rate reconciliation, require disaggregation of income taxes paid by federal, state, and foreign jurisdictions and add or modify certain other disclosure requirements. The amendments in this update are effective for annual periods beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a prospective or retrospective basis. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
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-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Section 65
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-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-Paragraph 6
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Operating Results

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Operating Results

Business Segments – The Company's business results are categorized into the following two segments: Investment Banking & Equities and Investment Management. The Investment Banking & Equities segment includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, as well as services related to securities underwriting, private placement services and commissions for agency-based equity trading services and equity research. The Investment Management segment includes Wealth Management and interests in private equity funds which are not managed by the Company.

The Company's segment information for the three months ended March 31, 2024 and 2023 is prepared using the following methodology:

•Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

•Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

•Segment assets are based on those directly associated with each segment, or for certain assets shared across segments, those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

•Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Other Revenue, net, included in each segment's Net Revenues includes the following:

•Interest income, including accretion, and income (losses) on investment securities, including the Company's investment funds (which are used as an economic hedge against the Company's deferred cash compensation program), certificates of deposit, cash and cash equivalents and long-term accounts receivable

•Gains (losses) resulting from foreign currency exchange rate fluctuations and foreign currency exchange forward contracts used as an economic hedge

•Realized and unrealized gains and losses on interests in private equity funds which are not managed by the Company

•Interest expense associated with the Company’s Notes Payable and lines of credit

•Adjustments to amounts due pursuant to the Company’s tax receivable agreement, subsequent to its initial establishment, related to changes in enacted tax rates

Each segment's Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, execution, clearing and custody fees, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, technology, human capital, facilities management and senior management activities.

Other Expenses for the three months ended March 31, 2023 include Special Charges, Including Business Realignment Costs, related to the write-off of non-recoverable assets in connection with the wind-down of the Company's operations in Mexico.

The Company evaluates segment results based on net revenues and pre-tax income, both including and excluding the impact of the Other Expenses.

No client accounted for more than 10% of the Company's Consolidated Net Revenues for the three months ended March 31, 2024 and 2023.

The following information presents each segment's contribution.


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities
Net Revenues(1)	$	561,728	$	554,811
Operating Expenses	482,838		449,080
Other Expenses	—		2,921
Operating Income	78,890		102,810
Income from Equity Method Investments	688		71
Pre-Tax Income	$	79,578	$	102,881
Identifiable Segment Assets	$	2,879,890	$	2,608,350
Investment Management
Net Revenues(1)	$	19,087	$	17,332
Operating Expenses	13,857		13,238

Operating Income	5,230		4,094
Income from Equity Method Investments	1,637		1,397
Pre-Tax Income	$	6,867	$	5,491
Identifiable Segment Assets	$	126,098	$	142,122
Total
Net Revenues(1)	$	580,815	$	572,143
Operating Expenses	496,695		462,318
Other Expenses	—		2,921
Operating Income	84,120		106,904
Income from Equity Method Investments	2,325		1,468
Pre-Tax Income	$	86,445	$	108,372
Identifiable Segment Assets	$	3,005,988	$	2,750,472

(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:


	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities(A)	$	28,117	$	21,301
Investment Management	388		1,374
Total Other Revenue, net	$	28,505	$	22,675

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company's revenues were derived from clients located and managed in the following geographical areas:


	For the Three Months Ended March 31,
	2024		2023
Net Revenues:(1)
United States	$	455,236	$	395,188
Europe and Other	96,928		152,527
Latin America	146		1,753
Total	$	552,310	$	549,468

(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

The Company's total assets are located in the following geographical areas:



	March 31, 2024		December 31, 2023
Total Assets:
United States	$	2,593,982	$	3,146,756
Europe and Other	412,006		556,542

Total	$	3,005,988	$	3,703,298

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 24, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-32975
Entity Registrant Name	EVERCORE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4748747
Entity Address, Address Line One	55 East 52nd Street
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10055
City Area Code	212
Local Phone Number	857-3100
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	EVR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001360901
Current Fiscal Year End Date	--12-31
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		38,516,548
Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		45
Subsidiaries [Member] \| Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		55

Investments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Income from Equity Method Investments	$ 2,325	$ 1,468
Net Realized and Unrealized Gains (Losses) on Private Equity Fund Investments	73	322
Previously Received Carried Interest Subject to Repayment	100
Total Assets	3,005,988	2,750,472	$ 3,703,298
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	5,845		5,762
Equity Securities without Readily Determinable Fair Value, Amount	631		636
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Investments [Line Items]
Total Assets	3,662		$ 3,580
Equity Method Investments [Member]
Schedule of Investments [Line Items]
Amortization of Intangible Assets	$ 79	79
ABS [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	26.00%
Income from Equity Method Investments	$ 1,002	1,006
Atalanta Sosnoff [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Income from Equity Method Investments	$ 635	391
Luminis [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Income from Equity Method Investments	$ 568	162
Seneca Evercore [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Income from Equity Method Investments	$ 120	$ (91)

Regulatory Authorities (Details) - USD ($)	3 Months Ended
Regulatory Authorities (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
EGL [Member]
Regulatory Authorities [Line Items]
Broker-Dealer, Minimum Net Capital Required, Alternative Standard	$ 250,000
Broker-Dealer, Net Capital	464,347,000	$ 405,318,000
Broker-Dealer, Excess Net Capital, Alternative Standard	464,097,000	405,068,000
Evercore Trust Company [Member]
Regulatory Authorities [Line Items]
Tier One Capital	5,000,000
Minimum Liquid Assets, Amount	$ 3,500,000
Coverage of Operating Expenses (in days)	180 days
Evercore UK and Evercore ISI UK [Member]
Regulatory Authorities [Line Items]
Banking Regulation, Total Capital, Actual	$ 224,393,000	184,981,000
Banking Regulation, Total Risk-Based Capital, Excess, Actual	$ 138,936,000	$ 98,805,000

Investments - Summary of Investments in Private Equity Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 5,987	$ 5,907
Glisco II, III and IV [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	4,231	4,141
Trilantic IV and V [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Private Equity Funds	$ 1,756	$ 1,766

Leases - Maturities of Undiscounted Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2024 (April 1 through December 31)	$ 36,221
2025	66,875
2026	64,135
2027	50,122
2028	48,642
Thereafter	337,870
Total lease payments	603,865
Tenant Improvement Allowances	(7,380)
Imputed Interest	(130,814)
Operating Lease, Liability	465,671
Current Operating Lease Liabilities	(37,413)	$ (36,259)
Long-term Operating Lease Liabilities	$ 428,258	$ 434,247

Investments - Summary of Other Equity Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 36,800	$ 36,876
ABS [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	18,113	18,770
Atalanta Sosnoff [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	10,938	10,906
Luminis [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	6,745	6,296
Seneca Evercore [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 1,004	$ 904

Commitments and Contingencies - Additional Information (Details) £ in Thousands			3 Months Ended			12 Months Ended
	Nov. 06, 2023 USD ($)	Jun. 29, 2023 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 GBP (£)	Mar. 31, 2023 GBP (£)
Other Commitments [Line Items]
Unfunded Commitments for Capital Contributions			$ 2,584,000
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred but Not Reported (IBNR) Claims, Amount			3,067,000					$ 3,165,000
Foreign Exchange Forward [Member]
Other Commitments [Line Items]
Derivative asset notional amount				$ 36,675,000	$ 36,903,000				£ 30,000	£ 30,000
Derivative, Loss on Derivative			347,000	$ 303,000
Derivative asset, current								1,585,000
Real Estate Capital Advisory [Member]
Other Commitments [Line Items]
Payments to Acquire Additional Interest in Subsidiaries			2,023,000		$ 715,000	$ 27,710,000	$ 6,000,000
Payable to Employees and Related Parties [Member] \| Real Estate Capital Advisory [Member]
Other Commitments [Line Items]
Noncontrolling Interest, Purchase of Interest, Contingent Consideration, Liability, Current								$ 2,023,000
Secured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity		$ 30,000,000
Short-Term Borrowings			0
Secured Line of Credit [Member] \| PNC Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.61%
Unsecured Line of Credit [Member] \| PNC Bank [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity		$ 55,000,000
Short-Term Borrowings			0
Unsecured Line of Credit [Member] \| PNC Bank [Member] \| EGL [Member]
Other Commitments [Line Items]
Maximum Borrowing Capacity	$ 75,000,000
Short-Term Borrowings			$ 0
Unsecured Line of Credit [Member] \| PNC Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.91%
Unsecured Line of Credit [Member] \| PNC Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| EGL [Member]
Other Commitments [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.91%

Investment Securities and Certificates of Deposit - Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale	$ 185,414	$ 744,315
Investment Securities	817,301	1,382,027
Certificates of Deposit, at Carrying Value	48,001	54,856
Investment Securities and Certificates of Deposit	865,302	1,436,883
Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale	185,414	744,315
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI	297	375
Debt Securities Carried By EGL [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Trading	467,486	476,778
Investment Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Equity Securities, FV-NI	$ 164,104	$ 160,559

Share-Based and Other Deferred Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Restructuring and Related Costs [Table Text Block]


	For the Three Months Ended March 31,
	2024		2023
Beginning Balance	$	2,824	$	4,997
Termination Costs Incurred	1,780		1,474
Cash Benefits Paid	(3,375)		(5,332)
Non-Cash Charges	(63)		—
Ending Balance	$	1,166	$	1,139

Leases - Additional Information (Details) $ in Thousands	3 Months Ended		12 Months Ended
Leases - Additional Information (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2023 USD ($) Floor
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 14,403	$ 13,428
Variable Lease, Cost	1,528	1,186
Lessee, operating lease, option, number to take on additional floors \| Floor				3
Operating Lease, Payments	10,691	15,561
Operating Lease, Incentive Payments Received	718
Future lease payments	$ 140,646
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	11 years
Forecast [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Additional Cost			$ 9,862
Letter of Credit [Member]
Lessee, Lease, Description [Line Items]
Other Assets	$ 5,790			$ 5,757
Office Equipment [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 1,474	$ 1,450

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and Cash Equivalents	$ 569,776	$ 596,878
Investment Securities and Certificates of Deposit (includes available-for-sale debt securities with an amortized cost of $185,420 and $744,178 at March 31, 2024 and December 31, 2023, respectively)	865,302	1,436,883
Accounts Receivable (net of allowances of $4,758 and $5,603 at March 31, 2024 and December 31, 2023, respectively)	331,739	371,606
Receivable from Employees and Related Parties	29,802	25,746
Other Current Assets	126,305	174,104
Total Current Assets	1,922,924	2,605,217
Investments	43,418	43,419
Deferred Tax Assets	271,649	265,814
Operating Lease Right-of-Use Assets	368,567	378,128
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $218,793 and $212,929 at March 31, 2024 and December 31, 2023, respectively)	132,735	137,940
Goodwill	125,031	125,493
Other Assets	141,664	147,287
Total Assets	3,005,988	3,703,298
Current Liabilities
Accrued Compensation and Benefits	228,424	763,160
Accounts Payable and Accrued Expenses	29,520	25,989
Operating Lease Liabilities	37,413	36,259
Taxes Payable	2,618	5,424
Total Current Liabilities	392,939	910,059
Operating Lease Liabilities	428,258	434,247
Notes Payable	373,756	373,885
Amounts Due Pursuant to Tax Receivable Agreements	54,730	52,813
Other Long-term Liabilities	108,033	149,804
Total Liabilities	1,357,716	1,920,808
Commitments and Contingencies
Stockholders' Equity
Additional Paid-In Capital	3,245,225	3,163,198
Accumulated Other Comprehensive Income (Loss)	(29,762)	(26,538)
Retained Earnings	1,945,012	1,892,656
Treasury Stock at Cost (45,827,585 and 44,340,396 shares at March 31, 2024 and December 31, 2023, respectively)	(3,716,500)	(3,453,203)
Total Evercore Inc. Stockholders' Equity	1,444,818	1,576,934
Noncontrolling Interest	203,454	205,556
Total Equity	1,648,272	1,782,490
Total Liabilities and Equity	3,005,988	3,703,298
Related Party
Current Liabilities
Other Liabilities, Current	63,841	45,838
Nonrelated Party
Current Liabilities
Other Liabilities, Current	31,123	33,389
Class A [Member]
Stockholders' Equity
Common Stock	843	821
Class B [Member]
Stockholders' Equity
Common Stock	$ 0	$ 0