Company research
Lazard, Inc.
CIK 1311370Updated Nov 9, 2026
SecurityLAZ · NYSE · equity
Name history
Lazard Ltd · through Nov 29, 2023
LAZ price & chart
Loading TradingView…
NYSE:LAZ on TradingView ↗In the news
Lazard schließt die Übernahme von Campbell Lutyens ab und gründet Lazard CL, den globalen Marktführer für die nächste Ära des privaten Kapitals ↗
Recent filings
Other Events
Items 8.01, 9.01
424B7 filing
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 1.01, 3.02, 7.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 4,633,920,000Source | 4,820,004,000Source | 4,295,506,000Source | 4,493,386,000Source | 4,527,194,000Source | 4,240,648,000Source | 4,232,067,000Source | 4,586,970,000Source | 4,940,734,000Source | 4,793,993,000Source | 4,635,781,000Source | 5,852,561,000Source |
| Property, Plant and Equipment, NetUSD | 173,285,000Source | 158,440,000Source | 229,626,000Source | 176,240,000Source | 220,663,000Source | 160,103,000Source | 168,190,000Source | 227,539,000Source | 168,005,000Source | 160,402,000Source | 232,516,000Source | 250,073,000Source |
| GoodwillUSD | 395,251,000Source | 394,575,000Source | 394,049,000Source | 395,225,000Source | 393,967,000Source | 394,591,000Source | 394,103,000Source | 394,098,000Source | 395,262,000Source | 393,575,000Source | 394,898,000Source | 377,240,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,171,985,000Source | 1,165,718,000Source | 653,355,000Source | 978,259,000Source | 847,555,000Source | 1,020,666,000Source | 908,586,000Source | 923,247,000Source | 1,469,416,000Source | 1,308,218,000Source | 971,316,000Source | 1,234,773,000Source |
| Accounts Receivable | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Operating Lease, Right-of-Use AssetUSD | 437,014,000Source | 450,462,000Source | 413,172,000Source | 443,388,000Source | 451,707,000Source | 402,500,000Source | 430,502,000Source | 389,884,000Source | 412,584,000Source | 434,938,000Source | 407,213,000Source | 431,608,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 3,676,776,000Source | 4,055,549,000Source | 3,794,164,000Source | 3,623,324,000Source | 3,932,073,000Source | 3,286,767,000Source | 3,499,703,000Source | 4,049,964,000Source | 3,951,604,000Source | 4,029,210,000Source | 4,065,919,000Source | 4,593,691,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 1,127,000Source | 1,128,000Source | 1,128,000Source | 1,128,000Source | 1,128,000Source | 1,117,000Source | 1,128,000Source | 1,128,000Source | 1,117,000Source | 1,128,000Source | 1,128,000Source | 1,128,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,493,261,000Source | 1,437,698,000Source | 1,388,508,000Source | 1,477,618,000Source | 1,382,703,000Source | 1,559,269,000Source | 1,477,662,000Source | 1,384,829,000Source | 1,488,107,000Source | 1,472,113,000Source | 1,402,636,000Source | 1,676,713,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -272,950,000Source | -271,844,000Source | -293,059,000Source | -268,903,000Source | -306,293,000Source | -276,678,000Source | -306,766,000Source | -303,995,000Source | -271,509,000Source | -326,742,000Source | -289,950,000Source | -295,854,000Source |
| Stockholders' Equity Attributable to ParentUSD | 841,522,000Source | 624,273,000Source | 361,318,000Source | 741,603,000Source | 458,655,000Source | 881,296,000Source | 603,028,000Source | 392,714,000Source | 873,655,000Source | 636,240,000Source | 423,759,000Source | 556,463,000Source |
| Additional Paid in Capital, Common StockUSD | 293,012,000Source | 284,091,000Source | 202,617,000Source | 225,058,000Source | 218,455,000Source | 106,494,000Source | 131,697,000Source | 134,573,000Source | 340,351,000Source | 327,810,000Source | 247,204,000Source | 167,890,000Source |
| Liabilities and EquityUSD | 4,633,920,000Source | 4,820,004,000Source | 4,295,506,000Source | 4,493,386,000Source | 4,527,194,000Source | 4,240,648,000Source | 4,232,067,000Source | 4,586,970,000Source | 4,940,734,000Source | 4,793,993,000Source | 4,635,781,000Source | 5,852,561,000Source |
| Deferred Income Tax Liabilities, NetUSD | 959,000Source | 2,173,000Source | 5,383,000Source | 644,000Source | 3,944,000Source | 1,122,000Source | 1,077,000Source | 2,177,000Source | 1,368,000Source | 1,084,000Source | 3,857,000Source | 3,920,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 37,104,000Source | 55,715,000Source | 58,243,000Source | 44,881,000Source | 55,535,000Source | -8,841,000Source | 45,525,000Source | 55,817,000Source | 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 | 1,687,281,000Source | 1,852,843,000Source | 1,689,579,000Source | 1,688,631,000Source | 1,852,149,000Source | 1,688,808,000Source | 1,687,841,000Source | 1,851,444,000Source | 1,688,086,000Source | 1,687,052,000Source | 1,690,200,000Source | 1,687,714,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 78,518,000Source | 84,467,000Source | 81,781,000Source | 83,578,000Source | 80,931,000Source | 81,426,000Source | 83,811,000Source | 88,475,000Source | 78,379,000Source | 79,629,000Source | 87,675,000Source | 583,471,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 73,500,000Source | 116,135,000Source | 61,317,000Source | 52,053,000Source | 100,563,000Source | 61,989,000Source | 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 | — | — | — | — | — | — | 7,817,000Source | 8,443,000Source | 34,189,000Source | 36,281,000Source | 42,853,000Source | 42,336,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -15,496,000Source | -26,088,000Source | 21,575,000Source | 11,068,000Source | -81,068,000Source | 42,709,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -219,267,000Source | -217,526,000Source | 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 | — | — | — | — | — | — | -47,506,000Source | -22,693,000Source | -81,983,000Source | 134,072,000Source | -38,323,000Source | -56,438,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 9,000Source | -1,666,000Source | 50,037,000Source | — | — | 7,500,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 2,185,000Source | 13,824,000Source | 31,946,000Source | 45,498,000Source | 28,297,000Source | 49,511,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 125,458,000Source | 93,780,000Source | 115,153,000Source | 64,344,000Source | 54,529,000Source | 61,916,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 1,694,000Source | 36,165,000Source | 91,011,000Source | 59,500,000Source | 102,051,000Source | 691,705,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -153,387,000Source | -191,574,000Source | -463,637,000Source | -439,669,000Source | -1,571,194,000Source | -1,382,035,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 46,954,000Source | 44,950,000Source | 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 | — | — | — | — | — | — | -436,108,000Source | -401,586,000Source | 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 | — | — | — | — | — | — | 13,944,000Source | — | 118,753,000Source | 33,971,000Source | 44,230,000Source | 144,312,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 96,123,000Source | 75,584,000Source | 106,957,000Source | 89,347,000Source | 103,901,000Source | 77,168,000Source | 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 | — | — | -20,143,000Source | -30,735,000Source | -54,760,000Source | 3,516,000Source | 2,973,000Source | -6,988,000Source | -90,294,000Source | -17,410,000Source | -61,006,000Source | 82,084,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 0Source | 114,271,000Source | — | — | — | — | 0Source | 114,271,000Source | — | — |
| GoodwillUSD | — | — | 395,251,000Source | 394,575,000Source | 395,225,000Source | 393,967,000Source | 394,591,000Source | 394,103,000Source | 395,262,000Source | 393,575,000Source | 394,898,000Source | 377,240,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 21,430,000Source | 45,052,000Source | 31,764,000Source | 11,587,000Source | -10,989,000Source | -7,354,000Source | 76,578,000Source | 99,764,000Source | -22,650,000Source | 124,365,000Source |
| InterestExpenseNonoperatingUSD | — | — | 22,634,000Source | 22,474,000Source | 21,095,000Source | 22,600,000Source | 22,728,000Source | 20,969,000Source | 87,282,000Source | 87,795,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 71,247,000Source | 107,938,000Source | 55,346,000Source | 49,909,000Source | 100,916,000Source | 60,375,000Source | 236,831,000Source | 279,912,000Source | -75,479,000Source | 357,517,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 2,253,000Source | 8,197,000Source | 5,971,000Source | 2,144,000Source | -353,000Source | 1,614,000Source | 14,189,000Source | 6,796,000Source | 18,172,000Source | 34,966,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 69,692,000Source | 105,359,000Source | 54,442,000Source | 49,036,000Source | 97,583,000Source | 58,565,000Source | 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 | — | — | — | — | — | — | 151,000Source | 100,000Source | 3,705,000Source | 2,411,000Source | 2,077,000Source | 514,000Source |
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 770,764,000Source | 807,414,000Source | 817,160,000Source | 707,991,000Source | 779,399,000Source | 669,164,000Source | 3,186,466,000Source | 3,139,904,000Source | 2,593,162,000Source | 2,855,093,000Source |
| Operating Income (Loss)USD | — | — | 94,930,000Source | 161,187,000Source | 93,081,000Source | 63,640,000Source | 89,574,000Source | 54,635,000Source | 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 | — | — | 21,430,000Source | 45,052,000Source | 31,764,000Source | 11,587,000Source | -10,989,000Source | -7,354,000Source | 76,578,000Source | 99,764,000Source | -22,650,000Source | 124,365,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 2,253,000Source | 8,197,000Source | 5,971,000Source | 2,144,000Source | -353,000Source | 1,614,000Source | 14,189,000Source | 6,796,000Source | 18,172,000Source | 34,966,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 71,247,000Source | 107,938,000Source | 55,346,000Source | 49,909,000Source | 100,916,000Source | 60,375,000Source | 236,831,000Source | 279,912,000Source | -75,479,000Source | 357,517,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.71Source | 1.13Source | 0.56Source | 0.53Source | 0.98Source | 0.61Source | 2.37Source | 2.93Source | -0.9Source | 3.68Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.65Source | 1.02Source | 0.52Source | 0.49Source | 0.91Source | 0.56Source | 2.17Source | 2.68Source | -0.9Source | 3.51Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 98,112,393Source | 93,627,476Source | 97,534,319Source | 92,886,364Source | 99,460,256Source | 95,255,423Source | 97,479,092Source | 93,139,352Source | 88,993,985Source | 95,664,129Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 108,001,762Source | 103,475,234Source | 104,911,633Source | 100,627,867Source | 106,787,975Source | 104,828,753Source | 106,338,079Source | 102,392,171Source | 88,993,985Source | 100,997,674Source |
| Interest Expense (non-operating)USD | — | — | 22,634,000Source | 22,474,000Source | 21,095,000Source | 22,600,000Source | 22,728,000Source | 20,969,000Source | 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 | — | — | 0.5Source | 0.5Source | 0.5Source | 0.5Source | 0.5Source | 0.5Source | 2Source | 2Source | 2Source | 1.94Source |
| Costs and ExpensesUSD | — | — | 653,148,000Source | 623,679,000Source | 702,916,000Source | 621,709,000Source | 667,008,000Source | 593,416,000Source | 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 | — | — | — | — | — | 22,642,000Source | — | — | — | 88,067,000Source | 77,673,000Source | 81,522,000Source |
| InterestExpenseOperatingUSD | — | — | 22,686,000Source | 22,548,000Source | 21,163,000Source | 22,642,000Source | 22,817,000Source | 21,113,000Source | 87,619,000Source | — | — | — |
| Interest Income, OperatingUSD | — | — | 7,660,000Source | 15,005,000Source | 9,207,000Source | 12,854,000Source | 7,812,000Source | 11,662,000Source | 38,492,000Source | 53,604,000Source | 42,022,000Source | 29,457,000Source |
| Labor and Related ExpenseUSD | — | — | 498,212,000Source | 465,405,000Source | 519,208,000Source | 452,560,000Source | 491,894,000Source | 430,270,000Source | 2,085,384,000Source | 2,003,212,000Source | 1,946,010,000Source | 1,656,451,000Source |
| Marketing and Advertising ExpenseUSD | — | — | 26,085,000Source | 21,782,000Source | 29,593,000Source | 25,493,000Source | 28,662,000Source | 27,731,000Source | 118,486,000Source | 99,446,000Source | 99,357,000Source | 83,103,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 69,692,000Source | 105,359,000Source | 54,442,000Source | 49,036,000Source | 97,583,000Source | 58,565,000Source | 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 | — | — | 14,886,000Source | 10,078,000Source | 16,497,000Source | 14,371,000Source | 12,563,000Source | 8,404,000Source | 50,205,000Source | 60,203,000Source | 72,666,000Source | 44,852,000Source |
| Other IncomeUSD | — | — | 29,171,000Source | 147,361,000Source | 39,122,000Source | 18,450,000Source | 86,867,000Source | 32,519,000Source | 131,791,000Source | 224,088,000Source | 89,588,000Source | 40,602,000Source |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | — | — | — |
Filing attachments
laz-20251231xex411.htm · 10-K · 2026-02-23
Exhibit 4.11 DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 Description of Common Stock Lazard, Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: common stock, par value of $0.01 per share (“common stock”). The following summary is a description of the material terms of our common stock. This description does not purport to be complete and is subject to and qualified…
Read attachment ↗