Lazard Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	6,373	6,203	6,002	5,055	5,640	6,415
Net Interest Income	123.97	126.11	141.67	119.7	110.98	86.32
Net Interest Income Growth	-12.85%	-10.98%	18.36%	7.85%	28.57%	0.03%
Other Revenues	186.14	131.79	224.09	89.59	40.6	127.17
Revenue	3,207	3,099	3,052	2,515	2,774	3,193
Revenue Growth (YoY)	9.28%	1.54%	21.32%	-9.30%	-13.14%	24.43%
Cost of Revenue	2,147	2,085	2,003	1,946	1,656	1,896
Gross Profit	1,060	1,013	1,049	569.48	1,117	1,297
Selling, General & Admin	662.24	654.44	610.19	620.33	556.57	525.76
Depreciation & Amortization Expenses	-	-	-	-	-	0.06
Other Operating Expenses	35.59	31.43	51.97	29.11	43.7	47.52
Operating Income	362.54	327.6	386.47	-79.96	516.85	723.85
Pretax Income	362.54	327.6	386.47	-79.96	516.85	723.85
Provision for Income Taxes	72.94	76.58	99.76	-22.65	124.37	181.3
Net Income	277.37	236.83	279.91	-75.48	357.52	528.06
Minority Interest in Earnings	12.22	14.19	6.8	18.17	34.97	14.48
Net Income to Common	277.37	236.83	279.91	-75.48	357.52	528.06
Net Income Growth	-8.92%	-15.39%	-	-	-32.30%	31.21%
Shares Outstanding (Basic)	99	97	93	89	96	106
Shares Outstanding (Diluted)	107	106	102	89	101	114
Shares Change (YoY)	2.96%	3.85%	15.05%	-11.88%	-11.15%	0.17%
EPS (Basic)	2.74	2.37	2.93	-0.90	3.68	4.90
EPS (Diluted)	2.53	2.17	2.68	-0.90	3.51	4.63
EPS Growth	-11.85%	-19.03%	-	-	-24.19%	30.79%
Shares Outstanding	98.44	93.91	90.3	87.43	85.95	100.72
Free Cash Flow	497.28	487.38	697.33	136.37	784.47	826.38
Free Cash Flow Growth	2.03%	-30.11%	411.37%	-82.62%	-5.07%	61.52%
Free Cash Flow Per Share	4.65	4.58	6.81	1.53	7.77	7.27
Dividends Per Share	2.000	2.000	2.000	2.000	1.940	1.880
Dividend Growth	-	-	-	3.09%	3.19%	-
Gross Margin	33.06%	32.70%	34.36%	22.64%	40.28%	40.63%
Operating Margin	11.30%	10.57%	12.66%	-3.18%	18.63%	22.67%
Profit Margin	9.03%	8.10%	9.39%	-2.28%	14.15%	16.99%
FCF Margin	15.50%	15.73%	22.85%	5.42%	28.28%	25.88%
EBITDA	396.1	361.79	422.75	-37.1	559.18	762.16
EBITDA Margin	12.35%	11.67%	13.85%	-1.48%	20.16%	23.87%
EBIT	362.54	327.6	386.47	-79.96	516.85	723.85
EBIT Margin	11.30%	10.57%	12.66%	-3.18%	18.63%	22.67%
Effective Tax Rate	20.12%	23.38%	25.81%	28.33%	24.06%	25.05%

Updated May 4, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q