Company research
Lazard, Inc.
CIK 1311370Updated Sep 24, 2026
SecurityLAZ · NYSE · equity
Name history
Lazard Ltd · through Nov 29, 2023
LAZ price & chart
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Lazard Reports August 2026 Assets Under Management ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,940,734,000Source | 4,793,993,000Source | 4,635,781,000Source | 5,852,561,000Source |
| Property, Plant and Equipment, NetUSD | 168,005,000Source | 160,402,000Source | 232,516,000Source | 250,073,000Source |
| GoodwillUSD | 395,262,000Source | 393,575,000Source | 394,898,000Source | 377,240,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,469,416,000Source | 1,308,218,000Source | 971,316,000Source | 1,234,773,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 412,584,000Source | 434,938,000Source | 407,213,000Source | 431,608,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,951,604,000Source | 4,029,210,000Source | 4,065,919,000Source | 4,593,691,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 1,117,000Source | 1,128,000Source | 1,128,000Source | 1,128,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,488,107,000Source | 1,472,113,000Source | 1,402,636,000Source | 1,676,713,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -271,509,000Source | -326,742,000Source | -289,950,000Source | -295,854,000Source |
| Stockholders' Equity Attributable to ParentUSD | 873,655,000Source | 636,240,000Source | 423,759,000Source | 556,463,000Source |
| Additional Paid in Capital, Common StockUSD | 340,351,000Source | 327,810,000Source | 247,204,000Source | 167,890,000Source |
| Liabilities and EquityUSD | 4,940,734,000Source | 4,793,993,000Source | 4,635,781,000Source | 5,852,561,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,368,000Source | 1,084,000Source | 3,857,000Source | 3,920,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 37,096,000Source | 48,914,000Source | 58,428,000Source | 118,936,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | — | — | 105,859,000Source |
| Long-term DebtUSD | 1,688,086,000Source | 1,687,052,000Source | 1,690,200,000Source | 1,687,714,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 78,379,000Source | 79,629,000Source | 87,675,000Source | 583,471,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 251,020,000Source | 286,708,000Source | -57,307,000Source | 392,483,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 34,189,000Source | 36,281,000Source | 42,853,000Source | 42,336,000Source |
| Deferred Income Tax Expense (Benefit)USD | 21,575,000Source | 11,068,000Source | -81,068,000Source | 42,709,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 519,325,000Source | 742,828,000Source | 164,662,000Source | 833,984,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 10,516,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -81,983,000Source | 134,072,000Source | -38,323,000Source | -56,438,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 50,037,000Source | — | — | 7,500,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 31,946,000Source | 45,498,000Source | 28,297,000Source | 49,511,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 115,153,000Source | 64,344,000Source | 54,529,000Source | 61,916,000Source |
| Payments for Repurchase of Common StockUSD | 91,011,000Source | 59,500,000Source | 102,051,000Source | 691,705,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -463,637,000Source | -439,669,000Source | -1,571,194,000Source | -1,382,035,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 186,579,000Source | 179,017,000Source | 173,075,000Source | 181,880,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 61,203,000Source | 384,385,000Source | -1,414,417,000Source | -790,614,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 80,328,000Source | 84,423,000Source | 73,684,000Source | 77,441,000Source |
| Income Taxes Paid, NetUSD | 118,753,000Source | 33,971,000Source | 44,230,000Source | 144,312,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 359,687,000Source | 277,743,000Source | 250,570,000Source | 240,641,000Source |
| Amortization of Intangible AssetsUSD | — | — | 60,000Source | 60,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 405,000Source | — | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | -90,294,000Source | -17,410,000Source | -61,006,000Source | 82,084,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 114,271,000Source | — | — |
| GoodwillUSD | 395,262,000Source | 393,575,000Source | 394,898,000Source | 377,240,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 76,578,000Source | 99,764,000Source | -22,650,000Source | 124,365,000Source |
| InterestExpenseNonoperatingUSD | 87,282,000Source | 87,795,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 236,831,000Source | 279,912,000Source | -75,479,000Source | 357,517,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 14,189,000Source | 6,796,000Source | 18,172,000Source | 34,966,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 230,910,000Source | 273,026,000Source | -79,919,000Source | 351,785,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 78,482,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 6,393,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 3,705,000Source | 2,411,000Source | 2,077,000Source | 514,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 3,186,466,000Source | 3,139,904,000Source | 2,593,162,000Source | 2,855,093,000Source |
| Operating Income (Loss)USD | 327,598,000Source | 386,472,000Source | -79,957,000Source | 516,848,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 327,598,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 76,578,000Source | 99,764,000Source | -22,650,000Source | 124,365,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 14,189,000Source | 6,796,000Source | 18,172,000Source | 34,966,000Source |
| Net Income (Loss) Attributable to ParentUSD | 236,831,000Source | 279,912,000Source | -75,479,000Source | 357,517,000Source |
| Earnings Per Share, BasicUSD per share | 2.37Source | 2.93Source | -0.9Source | 3.68Source |
| Earnings Per Share, DilutedUSD per share | 2.17Source | 2.68Source | -0.9Source | 3.51Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 97,479,092Source | 93,139,352Source | 88,993,985Source | 95,664,129Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 106,338,079Source | 102,392,171Source | 88,993,985Source | 100,997,674Source |
| Interest Expense (non-operating)USD | 87,282,000Source | 87,795,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | 60,000Source | 60,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2Source | 2Source | 2Source | 1.94Source |
| Costs and ExpensesUSD | 2,771,249,000Source | 2,665,365,000Source | 2,595,446,000Source | 2,256,723,000Source |
| Current Income Tax Expense (Benefit)USD | 55,003,000Source | 88,696,000Source | 58,418,000Source | 81,656,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 119,552,000Source | — | — | — |
| Interest ExpenseUSD | — | 88,067,000Source | 77,673,000Source | 81,522,000Source |
| InterestExpenseOperatingUSD | 87,619,000Source | — | — | — |
| Interest Income, OperatingUSD | 38,492,000Source | 53,604,000Source | 42,022,000Source | 29,457,000Source |
| Labor and Related ExpenseUSD | 2,085,384,000Source | 2,003,212,000Source | 1,946,010,000Source | 1,656,451,000Source |
| Marketing and Advertising ExpenseUSD | 118,486,000Source | 99,446,000Source | 99,357,000Source | 83,103,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 230,910,000Source | 273,026,000Source | -79,919,000Source | 351,785,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 78,482,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 6,393,000Source | — |
| Other ExpensesUSD | 50,205,000Source | 60,203,000Source | 72,666,000Source | 44,852,000Source |
| Other IncomeUSD | 131,791,000Source | 224,088,000Source | 89,588,000Source | 40,602,000Source |