Lazard, Inc. (LAZ)
NYSE: LAZ · Real-Time Price · USD
37.70
+0.49 (1.32%)
Oct 26, 2026, 4:00 PM EDT - Market closed
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 | Sep '26 Sep 30, 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 |
Interest and Dividend Income | 38.49 | 38.49 | 53.6 | 42.02 | 29.46 | 5.55 |
Total Interest Expense | 90.21 | 87.62 | 88.07 | 77.67 | 81.52 | 80.77 |
Net Interest Income | -51.72 | -49.13 | -34.46 | -35.65 | -52.07 | -75.22 |
Asset Management Fee | 1,196 | 1,196 | 1,115 | 1,078 | 1,126 | 1,355 |
Underwriting & Investment Banking Fee | 2,009 | 1,820 | 1,747 | 1,384 | 1,659 | 1,786 |
Gain on Sale of Investments (Rev) | 47.64 | 47.64 | -6.33 | 36.3 | -92.69 | 14.31 |
Other Revenue | 83.4 | 83.4 | 227.57 | 58.86 | 132.9 | 114.1 |
| 3,284 | 3,098 | 3,049 | 2,521 | 2,773 | 3,194 | |
Revenue Growth | 8.87% | 1.61% | 20.94% | -9.09% | -13.18% | 24.44% |
Salaries & Employee Benefits | 2,192 | 2,035 | 1,957 | 1,753 | 1,623 | 1,883 |
Cost of Services Provided | 701.53 | 654.44 | 610.19 | 620.33 | 556.57 | 523.65 |
Other Operating Expenses | 54.38 | 50.21 | 60.2 | 73 | 44.91 | 45.32 |
Total Operating Expenses | 2,948 | 2,740 | 2,627 | 2,447 | 2,225 | 2,452 |
Operating Income | 336.45 | 358.19 | 422 | 74.5 | 548.26 | 742.2 |
Currency Exchange Gains | 0.76 | 0.76 | 2.85 | -5.57 | 0.4 | -1.23 |
Other Non-Operating Income (Expenses) | -1.37 | 18.78 | 8.24 | 43.89 | 1.21 | -2.2 |
EBT Excluding Unusual Items | 335.84 | 377.72 | 433.08 | 112.82 | 549.87 | 738.77 |
Merger & Restructuring Charges | - | - | -46.61 | -182.1 | - | -14.92 |
Other Unusual Items | -68.96 | -50.12 | - | -10.67 | -33.02 | - |
Pretax Income | 266.88 | 327.6 | 386.47 | -79.96 | 516.85 | 723.85 |
Income Tax Expense | 68.7 | 76.58 | 99.76 | -22.65 | 124.37 | 181.3 |
Earnings From Continuing Ops. | 198.18 | 251.02 | 286.71 | -57.31 | 392.48 | 542.55 |
Minority Interest in Earnings | -13.43 | -14.19 | -6.8 | -18.17 | -34.97 | -14.48 |
Net Income | 184.75 | 236.83 | 279.91 | -75.48 | 357.52 | 528.06 |
Preferred Dividends & Other Adjustments | 5.92 | 5.92 | 6.89 | 4.44 | 5.73 | 8.65 |
Net Income to Common | 178.83 | 230.91 | 273.03 | -79.92 | 351.79 | 519.42 |
Net Income Growth | -32.99% | -15.43% | - | - | -32.27% | 31.57% |
Shares Outstanding (Basic) | 100 | 97 | 93 | 89 | 96 | 106 |
Shares Outstanding (Diluted) | 107 | 106 | 102 | 89 | 101 | 114 |
Shares Change | 1.22% | 3.85% | 15.05% | -11.88% | -11.15% | 0.17% |
EPS (Basic) | 1.78 | 2.37 | 2.93 | -0.90 | 3.68 | 4.90 |
EPS (Diluted) | 1.65 | 2.17 | 2.68 | -0.90 | 3.51 | 4.63 |
EPS Growth | -34.38% | -18.98% | - | - | -24.23% | 31.00% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | - | 487.38 | 697.33 | 136.37 | 784.47 | 826.38 |
Free Cash Flow Per Share | - | 4.58 | 6.81 | 1.53 | 7.77 | 7.27 |
Dividend Per Share | 1.500 | 2.000 | 2.000 | 2.000 | 1.940 | 1.880 |
Dividend Growth | -25.00% | 0% | 0% | 3.09% | 3.19% | 0% |
Operating Margin | 10.24% | 11.56% | 13.84% | 2.96% | 19.77% | 23.23% |
Profit Margin | 5.45% | 7.45% | 8.96% | -3.17% | 12.68% | 16.26% |
Free Cash Flow Margin | - | 15.73% | 22.87% | 5.41% | 28.29% | 25.87% |
Effective Tax Rate | 25.74% | 23.38% | 25.81% | - | 24.06% | 25.05% |
Revenue as Reported | 3,186 | 3,186 | 3,140 | 2,593 | 2,855 | 3,274 |