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Jun 30, 2024

Lazard Q2 2024 Earnings Report

Lazard's Q2 2024 results were reported, featuring record revenue in Financial Advisory for the first half of the year and solid performance in Asset Management.

Key Takeaways

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 net revenue of $685 million for the quarter ended June 30, 2024.

Financial Advisory reported record first-half adjusted net revenue of $855 million.

Asset Management reported quarter-end AUM of $245 billion.

The company is investing in talent firm-wide to support long-term growth strategy.

Total Revenue
$685M
Previous year: $620M
+10.4%
EPS
$0.52
Previous year: $0.24
+116.7%
Assets Under Management
$245B
Previous year: $239B
+2.5%
Gross Profit
$680M
Previous year: $70.9M
+858.8%
Cash and Equivalents
$848M
Previous year: $698M
+21.5%
Free Cash Flow
$170M
Previous year: $194M
-12.3%
Total Assets
$4.53B
Previous year: $4.6B
-1.6%

Lazard

Lazard

Lazard Revenue by Segment

Forward Guidance

Lazard did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income