Loading...
•
Jun 30, 2025
Lazard Q2 2025 Earnings Report
Lazard delivered strong Q2 2025 results with record financial advisory revenue and positive net flows in asset management.
Key Takeaways
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.
Total revenue reached $796 million, up 16% year over year.
Financial Advisory reported record revenue of $497 million.
Asset Management AUM increased to $248 billion, with positive net flows.
Adjusted compensation ratio improved to 65.5% from 66.0%.
Revenue by Segment
Forward Guidance
Lazard expects continued strong financial advisory activity and aims to lower its compensation ratio toward its long-term target.
Positive Outlook
- Robust financial advisory pipeline expected to continue.
- Asset management inflows supported by market appreciation and FX gains.
- Focus on cost discipline and operating leverage.
- Capital position remains strong, enabling dividends and buybacks.
- Hiring of managing directors supports long-term growth.
Challenges Ahead
- Market volatility could impact M&A activity.
- Asset management inflows remain sensitive to market conditions.
- High compensation ratio remains above long-term target of 60%.
- Global macroeconomic uncertainty could weigh on advisory revenue.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...