Lazard Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	3,016	2,862	2,462	2,785	3,141
Net Interest Income	-49.13	-34.46	-35.65	-52.07	-75.22
Other Revenues	131.79	224.09	89.59	40.6	127.17
Revenue	3,099	3,052	2,515	2,774	3,193
Revenue Growth (YoY)	1.54%	21.32%	-9.30%	-13.14%	24.43%
Cost of Revenue	2,085	2,003	1,946	1,656	1,896
Gross Profit	1,013	1,049	569.48	1,117	1,297
Selling, General & Admin	654.44	610.19	620.33	556.57	525.76
Depreciation & Amortization Expenses	-	-	-	-	0.06
Other Operating Expenses	31.43	51.97	29.11	43.7	47.52
Operating Income	327.6	386.47	-79.96	516.85	723.85
Pretax Income	327.6	386.47	-79.96	516.85	723.85
Provision for Income Taxes	76.58	99.76	-22.65	124.37	181.3
Net Income	236.83	279.91	-75.48	357.52	528.06
Minority Interest in Earnings	14.19	6.8	18.17	34.97	14.48
Net Income to Common	236.83	279.91	-75.48	357.52	528.06
Net Income Growth	-15.39%	-	-	-32.30%	31.21%
Shares Outstanding (Basic)	97	93	89	96	106
Shares Outstanding (Diluted)	106	102	89	101	114
Shares Change (YoY)	3.85%	15.05%	-11.88%	-11.15%	0.17%
EPS (Basic)	2.37	2.93	-0.90	3.68	4.90
EPS (Diluted)	2.17	2.68	-0.90	3.51	4.63
EPS Growth	-19.03%	-	-	-24.19%	30.79%
Shares Outstanding	93.91	90.3	87.43	85.95	100.72
Free Cash Flow	487.38	697.33	136.37	784.47	826.38
Free Cash Flow Growth	-30.11%	411.37%	-82.62%	-5.07%	61.52%
Free Cash Flow Per Share	4.58	6.81	1.53	7.77	7.27
Dividends Per Share	2.000	2.000	2.000	1.940	1.880
Dividend Growth	-	-	3.09%	3.19%	-
Gross Margin	32.70%	34.36%	22.64%	40.28%	40.63%
Operating Margin	10.57%	12.66%	-3.18%	18.63%	22.67%
Profit Margin	8.10%	9.39%	-2.28%	14.15%	16.99%
FCF Margin	15.73%	22.85%	5.42%	28.28%	25.88%
EBITDA	361.79	422.75	-37.1	559.18	762.16
EBITDA Margin	11.67%	13.85%	-1.48%	20.16%	23.87%
EBIT	327.6	386.47	-79.96	516.85	723.85
EBIT Margin	10.57%	12.66%	-3.18%	18.63%	22.67%
Effective Tax Rate	23.38%	25.81%	28.33%	24.06%	25.05%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q