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Evercore EVR Tenant Improvement Allowance

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Other financials

Income statement

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Revenue$990.2M+18.8%
Net income$95.3M-2.0%
EPS (diluted)$2.32-1.7%

Balance sheet

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Cash & equivalents$1.3B+102%
Total debt$1.1B+29.6%
Total equity$1.9B+12.3%
Total assets$4.7B+27.4%

Cash flow

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Operating cash flow$525.5M+20.1%
CapEx$10.7M-58.8%
Free cash flow$514.8M+25.0%

Valuation

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Market cap$12.33B+6.4%
Enterprise value$12.16B+3.0%
P/E16.6×-8.5×
P/S2.6×-1.0×

Profitability

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Net margin15.8%+1.5pp
FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity42.4%+13.3pp
Debt / equity0.6×+0.1×
Current ratio2.5×-0.3×

Where this comes from

Reported directly by Evercore in its filing.

Tagged under the XBRL concept evr:TenantImprovementAllowance.

The source filing: Evercore’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:07 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-053320
203073,512
Thereafter350,986
Total lease payments699,081
Less: Tenant Improvement Allowances(16,929)
Less: Imputed Interest(128,989)
Present value of lease liabilities553,163
Less: Current lease liabilities(65,251)
Long-term lease liabilities$$487,912

Item 1. Financial Statements

FAQ

What is Evercore's tenant improvement allowance?
Evercore (EVR) reported tenant improvement allowance of $16.93M in Q2 2026.
How has Evercore's tenant improvement allowance changed year-over-year?
Evercore's tenant improvement allowance decreased by 6.0% year-over-year, from $18.02M to $16.93M.
What is the long-term trend for Evercore's tenant improvement allowance?
Over 5 years (2020 to 2025), Evercore's tenant improvement allowance has grown at a 1.5% compound annual growth rate (CAGR), from $14.13M to $15.23M.
What does tenant improvement allowance mean?
This represents the funds provided by a landlord to a tenant to cover the costs of customizing or renovating leased office space. It effectively acts as a reduction in the net cost of the lease over its term. Investors view this as a form of capital contribution that offsets initial occupancy expenditures.

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