The 17-year-old has signed a three-year contract with the Toffees.
Everton had an initial bid for the highly-rated youngster rejected earlier this week, but they have now completed the signing of the Scot.
Kennedy made 14 appearances for Kilmarnock since making his debut for the club as a 16-year-old.
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As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?
Being an amiable guy is good for you and Jurgen Klopp is living proof.