Lazard, Inc.LAZEarnings & Financial Report
Lazard Inc. is an American financial advisory and asset management firm that 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.
Revenue
$807.4M
Gross Profit
N/A
Operating Profit
$161.2M
Net Profit
$107.9M
Gross Margin
N/A
Operating Margin
20.0%
Net Margin
13.4%
YoY Growth
48.6%
EPS
$1.02
Lazard, Inc. Q3 FY2024 Financial Summary
Lazard, Inc. reported revenue of $807.4M (up 48.6% YoY) for Q3 FY2024, with a net profit of $107.9M (up 1411.9% YoY) (13.4% margin).
Key Financial Metrics
| Total Revenue | $807.4M |
|---|---|
| Net Profit | $107.9M |
| Gross Margin | N/A |
| Operating Margin | 20.0% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Lazard, Inc. Q3 FY2024 revenue of $807.4M breaks down across 4 segments, led by Financial Advisory Segment at $370.9M (45.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Financial Advisory Segment | $370.9M | 45.9% |
| Financial Advisory Fees | $366.4M | 45.4% |
| Other | $65.0M | 8.1% |
| Incentive Fees | $5.1M | 0.6% |
Lazard, Inc. Revenue by Segment — Quarterly Trend
Lazard, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Financial Advisory Segment and Financial Advisory Fees) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Financial Advisory Segment | — | $542.3M | $427.3M | $497.3M |
| Other | $106.4M | — | — | $21.2M |
| Incentive Fees | — | $40.9M | $15.5M | $5.3M |
Lazard, Inc. Annual Revenue by Year
Lazard, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.2B |
| 2024 | $3.1B |
| 2023 | $2.6B |
| 2022 | $2.9B |
Lazard, Inc. Quarterly Revenue & Net Profit History
Lazard, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $779.4M | +17.0% | $101.0M | 13.0% |
| Q4 FY2025 | $929.4M | +10.8% | $49.9M | 5.4% |
| Q3 FY2025 | $770.8M | -4.5% | $71.2M | 9.2% |
| Q2 FY2025 | $817.2M | +15.4% | $55.3M | 6.8% |
| Q1 FY2025 | $669.2M | -14.8% | $60.4M | 9.0% |
| Q4 FY2024 | $839.0M | +1.6% | $86.3M | 10.3% |
| Q3 FY2024 | $807.4M | +48.6% | $107.9M | 13.4% |
| Q2 FY2024 | $708.0M | +6.9% | $49.9M | 7.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $708.0M | $807.4M | $839.0M | $669.2M | $817.2M | $770.8M | $929.4M | $779.4M |
| YoY Growth | 6.9% | 48.6% | 1.6% | -14.8% | 15.4% | -4.5% | 10.8% | 17.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.53B | $4.82B | $4.79B | $4.23B | $4.49B | $4.63B | $4.94B | $4.24B |
| Liabilities | $3.93B | $4.06B | $4.03B | $3.50B | $3.62B | $3.68B | $3.95B | $3.29B |
| Equity | $458.7M | $624.3M | $636.2M | $603.0M | $741.6M | $841.5M | $873.7M | $872.5M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $176.2M | $293.7M | $362.9M | $-217.5M | $49.7M | $287.5M | $399.7M |