Lazard Earnings Reports

Lazard delivered record adjusted net revenue of $725 million in Q3 2025, up 12% year-over-year. Financial Advisory and Asset Management segments both posted double-digit revenue growth, supported by solid client activity and net inflows. Net income reached $71 million on a GAAP basis, while adjusted net income rose 56% to $62 million. The firm maintained a strong balance sheet with $1.17 billion in cash and cash equivalents and total assets of $4.63 billion.

Lazard posted $796 million in revenue and $55 million in net income for Q2 2025, driven by robust financial advisory activity and improving asset management flows. AUM rose to $248 billion, while the adjusted compensation ratio improved slightly year over year.

Lazard delivered stable earnings in Q1 2025 amid an uncertain environment, with resilient client engagement and continued execution of its Lazard 2030 strategy.

Lazard reported net revenue of $817 million and adjusted net revenue of $812 million for the fourth quarter of 2024. Net income was $86 million, or $0.80 per share, diluted, while adjusted net income was $85 million, or $0.78 per share, diluted. The company's Financial Advisory and Asset Management segments both saw revenue increases compared to the previous year.

Lazard's Q3 2024 results showed a net revenue of $785 million and an adjusted net revenue of $646 million. Net income was $108 million, or $1.02 per share, while adjusted net income was $40 million, or $0.38 per share. Asset Management AUM increased 8% year-over-year.

Lazard reported net revenue of $685 million for Q2 2024. Financial Advisory saw record revenue, while Asset Management produced solid results. The company is investing in talent to support long-term growth.

Lazard reported a strong first quarter in 2024, with record first-quarter firm-wide adjusted net revenue driven by an improving M&A environment. The company's Asset Management quarter end AUM increased 8% year-over-year.

Lazard reported Q4 2023 net revenue of $806 million and adjusted net income of $65 million, or $0.66 per share, diluted. The results reflect a strong finish to a challenging year, with the company winning new client mandates across its business.

Lazard Ltd reported operating revenue of $532 million and net income of $7 million, or $0.06 per share, diluted, for the third quarter ended September 30, 2023. The company announced its conversion to a U.S. C-Corporation effective January 1, 2024.

Lazard Ltd reported operating revenue of $620 million for the second quarter ended June 30, 2023. Net income, as adjusted, was $23 million, or $0.24 per share, diluted, for the quarter. On a U.S. GAAP basis, second-quarter 2023 net loss was $124 million, or $1.41 per share, diluted.

Lazard Ltd reported a challenging first quarter of 2023, marked by economic uncertainty and market turmoil, particularly in the financial sector. The company's net loss was $22 million, or $0.27 per share, diluted. Operating revenue for the quarter was $527 million, a 25% decrease compared to the first quarter of 2022. The company is implementing cost-saving initiatives to improve profitability.