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Lazard (LAZ) is a Financials company in the Russell 1000. Latest news and coverage below.
Lazard revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.33B | $2.64B | $2.83B | $2.59B | $2.57B | $3.19B | $2.77B | $2.52B | $3.05B | $3.10B |
| Growth (year over year) | −0.9% | +13.3% | +6.9% | −8.5% | −0.8% | +24.4% | −13.1% | −9.3% | +21.3% | +1.5% |
| Operating income | $517.5M | $825.4M | $680.8M | $392.7M | $502.1M | $723.8M | $516.8M | −$80.0M | $386.5M | $327.6M |
| Operating margin | 22.2% | 31.2% | 24.1% | 15.2% | 19.6% | 22.7% | 18.6% | −3.2% | 12.7% | 10.6% |
| Net income | $387.7M | $253.6M | $527.1M | $286.5M | $402.5M | $528.1M | $357.5M | −$75.5M | $279.9M | $236.8M |
| Net margin | 16.6% | 9.6% | 18.7% | 11.1% | 15.7% | 16.5% | 12.9% | −3.0% | 9.2% | 7.6% |
| EPS (diluted) | $2.92 | $1.91 | $4.06 | $2.44 | $3.54 | $4.63 | $3.51 | −$0.90 | $2.68 | $2.17 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.16B | $1.48B | $1.25B | $1.23B | $1.39B | $1.47B | $1.23B | $971.3M | $1.31B | $1.47B |
| Total assets | $4.56B | $4.93B | $5.00B | $5.64B | $5.97B | $7.15B | $5.85B | $4.64B | $4.79B | $4.94B |
| Total liabilities | $3.26B | $3.67B | $4.03B | $4.96B | $4.97B | $5.49B | $4.59B | $4.07B | $4.03B | $3.95B |
| Long-term debt | $1.19B | $1.19B | $1.43B | $1.68B | $1.68B | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B |
| Shareholders' equity | $1.24B | $1.20B | $916.9M | $610.0M | $911.8M | $975.2M | $556.5M | $423.8M | $636.2M | $869.2M |
| Cash flow | ||||||||||
| Operating cash flow | $632.6M | $1.03B | $699.0M | $678.0M | $575.9M | $866.1M | $834.0M | $164.7M | $742.8M | $519.3M |
| Capital expenditure | $38.7M | $27.7M | $49.6M | $42.8M | $64.3M | $39.7M | $49.5M | $28.3M | $45.5M | $31.9M |
| Free cash flow | $593.9M | $1.00B | $649.4M | $635.2M | $511.6M | $826.4M | $784.5M | $136.4M | $697.3M | $487.4M |
| Dividends paid | $336.1M | $341.4M | $359.6M | $254.9M | $196.6M | $195.9M | $181.9M | $173.1M | $179.0M | $186.6M |
| Share buybacks | $300.2M | $306.7M | $552.9M | $494.7M | $95.2M | $406.1M | $691.7M | $102.1M | $59.5M | $91.0M |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $685.3M | $784.9M | $816.9M | $648.1M | $796.0M | $748.1M | $906.7M | $756.6M |
| Growth (year over year) | +6.6% | +49.8% | +1.3% | −15.3% | +16.1% | −4.7% | +11.0% | +16.7% |
| Operating income | $63.6M | $161.2M | $107.1M | $54.6M | $93.1M | $94.9M | $85.0M | $89.6M |
| Operating margin | 9.3% | 20.5% | 13.1% | 8.4% | 11.7% | 12.7% | 9.4% | 11.8% |
| Net income | $49.9M | $107.9M | $86.3M | $60.4M | $55.3M | $71.2M | $49.9M | $100.9M |
| Net margin | 7.3% | 13.8% | 10.6% | 9.3% | 7.0% | 9.5% | 5.5% | 13.3% |
| EPS (diluted) | $0.49 | $1.02 | $0.82 | $0.56 | $0.52 | $0.65 | $0.44 | $0.91 |
| Balance sheet | ||||||||
| Cash and equivalents | $847.6M | $1.17B | $1.31B | $908.6M | $978.3M | $1.17B | $1.47B | $1.02B |
| Total assets | $4.53B | $4.82B | $4.79B | $4.23B | $4.49B | $4.63B | $4.94B | $4.24B |
| Total liabilities | $3.93B | $4.06B | $4.03B | $3.50B | $3.62B | $3.68B | $3.95B | $3.29B |
| Long-term debt | $1.85B | $1.85B | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B |
| Shareholders' equity | $458.7M | $624.3M | $636.2M | $603.0M | $741.6M | $841.5M | $869.2M | $881.3M |
| Cash flow | ||||||||
| Operating cash flow | $176.2M | $293.7M | $362.9M | −$217.5M | $49.7M | $287.5M | $399.7M | −$219.3M |
| Capital expenditure | $6.44M | $17.6M | $14.9M | $13.8M | $11.7M | $2.86M | $3.58M | $2.19M |
| Free cash flow | $169.8M | $276.2M | $348.0M | −$231.3M | $38.0M | $284.6M | $396.1M | −$221.5M |
| Dividends paid | $45.0M | $45.1M | $45.2M | $45.0M | $47.1M | $47.2M | $47.4M | $47.0M |
| Share buybacks | $18.8M | $3.11M | $15.6M | $36.2M | $3.76M | $1.08M | $50.0M | $1.69M |
From Lazard's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Lazard
Lazard Inc. is a multinational financial advisory and asset management firm that is headquartered in the United States. The firm engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.
- Headquarters
- New York, New York From SEC filings, Oct 2026
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