Lazard Key Executives
This section highlights Lazard's key executives, including their titles and compensation details.
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Lazard Earnings
This section highlights Lazard's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
---|---|---|---|---|---|
Read Transcript | Q1 | 2025 | 2025-04-25 | $0.29 | $0.56 |
Read Transcript | Q4 | 2024 | 2025-01-30 | $0.69 | $0.78 |
Read Transcript | Q3 | 2024 | 2024-10-31 | $0.41 | $0.38 |
Read Transcript | Q2 | 2024 | 2024-07-25 | $0.35 | $0.52 |
Read Transcript | Q1 | 2024 | 2024-04-25 | $0.58 | $0.66 |
Read Transcript | Q4 | 2023 | 2024-02-01 | $0.41 | $0.66 |
Read Transcript | Q3 | 2023 | 2023-10-26 | $0.19 | $0.10 |
Read Transcript | Q2 | 2023 | 2023-07-27 | $0.11 | $0.24 |
Read Transcript | Q1 | 2023 | 2023-04-28 | $0.30 | $-0.26 |
Financial Statements
Access annual & quarterly financial statements for Lazard, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Revenue | $3.09B | $2.55B | $2.86B | $3.27B | $2.65B |
Cost of Revenue | $2.11B | $1.95B | $1.74B | $1.98B | $1.63B |
Gross Profit | $975.91M | $605.13M | $1.12B | $1.30B | $1.02B |
Gross Profit Ratio | 31.62% | 23.72% | 39.13% | 39.62% | 38.37% |
Research and Development Expenses | $- | $- | $0 | $0 | $0 |
General and Administrative Expenses | $220.04M | $331.30M | $191.79M | $205.74M | $193.99M |
Selling and Marketing Expenses | $99.45M | $99.36M | $83.10M | $42.76M | $42.43M |
Selling General and Administrative Expenses | $319.49M | $430.66M | $274.89M | $248.50M | $236.41M |
Other Expenses | $269.95M | $254.43M | $325.38M | $324.84M | $275.11M |
Operating Expenses | $589.44M | $685.09M | $600.27M | $573.34M | $511.52M |
Cost and Expenses | $2.70B | $2.63B | $2.34B | $2.55B | $2.14B |
Interest Income | $53.60M | $42.02M | $29.46M | $5.55M | $5.67M |
Interest Expense | $88.07M | $77.67M | $81.52M | $80.77M | $80.63M |
Depreciation and Amortization | $36.28M | $43.19M | $2.35B | $2.44B | $2.12B |
EBITDA | $510.82M | $40.90M | $640.77M | $842.99M | $619.66M |
EBITDA Ratio | 16.55% | 1.60% | 22.44% | 25.75% | 23.41% |
Operating Income | $386.47M | $-79.96M | $516.85M | $723.85M | $502.14M |
Operating Income Ratio | 12.52% | -3.13% | 18.10% | 22.11% | 18.97% |
Total Other Income Expenses Net | $-6.80M | $- | $-34.97M | $- | $- |
Income Before Tax | $379.68M | $-79.96M | $516.85M | $723.85M | $502.14M |
Income Before Tax Ratio | 12.30% | -3.13% | 18.10% | 22.11% | 18.97% |
Income Tax Expense | $99.76M | $-22.65M | $124.36M | $181.30M | $99.45M |
Net Income | $279.91M | $-75.48M | $357.52M | $528.06M | $402.46M |
Net Income Ratio | 9.07% | -2.96% | 12.52% | 16.13% | 15.21% |
EPS | $2.93 | $-0.90 | $3.68 | $4.90 | $3.69 |
EPS Diluted | $2.68 | $-0.90 | $3.51 | $4.63 | $3.54 |
Weighted Average Shares Outstanding | 93.14M | 88.99M | 95.66M | 106.04M | 106.86M |
Weighted Average Shares Outstanding Diluted | 102.39M | 88.99M | 101.00M | 113.67M | 113.48M |
SEC Filing | Source | Source | Source | Source | Source |
Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | $669.16M | $824.74M | $792.41M | $715.92M | $779.51M | $825.76M | $543.17M | $662.32M | $561.91M | $731.86M | $746.43M | $656.60M | $716.14M | $1.01B | $737.81M | $843.26M | $679.90M | $898.33M | $598.02M | $592.26M |
Cost of Revenue | $449.11M | $560.35M | $519.20M | $36.31M | $35.29M | $10.77M | $364.61M | $591.43M | $469.44M | $494.31M | $440.62M | $363.83M | $418.09M | $580.23M | $440.00M | $535.04M | $421.34M | $544.91M | $374.97M | $371.54M |
Gross Profit | $220.06M | $264.40M | $273.21M | $679.61M | $744.22M | $814.99M | $178.56M | $70.88M | $92.47M | $237.55M | $305.81M | $292.77M | $298.05M | $432.61M | $297.80M | $308.22M | $258.56M | $353.42M | $223.05M | $220.72M |
Gross Profit Ratio | 32.89% | 32.06% | 34.48% | 94.93% | 95.47% | 98.70% | 32.87% | 10.70% | 16.46% | 32.46% | 40.97% | 44.59% | 41.62% | 42.71% | 40.36% | 36.55% | 38.03% | 39.34% | 37.30% | 37.27% |
Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
General and Administrative Expenses | $- | $57.75M | $81.79M | $82.88M | $78.88M | $56.56M | $53.56M | $54.20M | $56.10M | $52.20M | $46.36M | $45.96M | $47.27M | $58.46M | $47.71M | $49.87M | $49.70M | $53.92M | $46.02M | $47.30M |
Selling and Marketing Expenses | $27.73M | $28.57M | $21.78M | $25.49M | $23.60M | $27.26M | $20.75M | $28.58M | $22.76M | $26.67M | $19.63M | $22.67M | $14.12M | $16.85M | $9.92M | $9.33M | $6.65M | $8.16M | $7.56M | $6.52M |
Selling General and Administrative Expenses | $27.73M | $86.32M | $103.57M | $108.37M | $102.48M | $83.82M | $74.31M | $82.78M | $78.86M | $78.87M | $65.99M | $68.63M | $61.39M | $75.31M | $57.63M | $59.20M | $56.35M | $62.08M | $53.58M | $53.82M |
Other Expenses | $116.58M | $70.99M | $82.70M | $-621.71M | $-668.88M | $-734.12M | $89.86M | $98.17M | $50.53M | $85.53M | $81.67M | $81.23M | $76.93M | $88.90M | $85.21M | $82.75M | $67.92M | $72.04M | $64.79M | $70.58M |
Operating Expenses | $144.31M | $157.31M | $104.48M | $169.08M | $668.88M | $734.12M | $164.07M | $180.96M | $129.39M | $164.41M | $147.66M | $149.86M | $138.32M | $164.27M | $142.84M | $141.96M | $124.27M | $135.48M | $117.92M | $124.40M |
Cost and Expenses | $593.42M | $717.66M | $631.22M | $629.59M | $704.17M | $734.12M | $528.68M | $772.39M | $598.84M | $658.72M | $588.29M | $513.69M | $556.42M | $744.50M | $582.85M | $677.00M | $545.61M | $680.39M | $492.88M | $495.94M |
Interest Income | $- | $14.27M | $15.01M | $12.85M | $11.47M | $6.93M | $11.54M | $10.95M | $12.61M | $15.49M | $8.15M | $4.06M | $1.76M | $1.64M | $1.28M | $1.28M | $1.35M | $855.00K | $1.06M | $1.34M |
Interest Expense | $-21.11M | $22.15M | $22.55M | $22.64M | $20.73M | $19.74M | $19.25M | $19.20M | $19.48M | $81.52M | $19.69M | $21.11M | $7.10M | $20.47M | $20.38M | $20.13M | $19.80M | $80.63M | $20.34M | $19.97M |
Depreciation and Amortization | $22.73M | $8.81M | $9.02M | $9.20M | $9.15M | $10.77M | $10.61M | $27.96M | $26.35M | $25.03M | $24.42M | $26.20M | $27.36M | $31.53M | $35.22M | $9.59M | $9.38M | $9.81M | $8.86M | $8.78M |
EBITDA | $54.63M | $138.04M | $192.75M | $95.53M | $84.49M | $-87.81M | $33.29M | $-61.88M | $-6.26M | $99.02M | $217.77M | $175.63M | $209.00M | $320.35M | $211.62M | $195.98M | $163.46M | $247.49M | $133.88M | $104.65M |
EBITDA Ratio | 8.16% | 16.74% | 24.32% | 13.34% | 10.84% | -10.63% | 6.13% | -9.34% | -1.11% | 13.53% | 29.17% | 26.75% | 29.18% | 31.63% | 28.68% | 23.24% | 24.04% | 27.55% | 22.39% | 17.67% |
Operating Income | $54.63M | $107.08M | $161.19M | $86.33M | $75.34M | $91.64M | $-4.86M | $-110.07M | $-36.92M | $73.14M | $158.14M | $125.84M | $159.73M | $268.34M | $154.96M | $166.26M | $134.29M | $217.50M | $104.68M | $95.86M |
Operating Income Ratio | 8.16% | 12.98% | 20.34% | 12.06% | 9.67% | 11.10% | -0.89% | -16.62% | -6.57% | 9.99% | 21.19% | 19.17% | 22.30% | 26.49% | 21.00% | 19.72% | 19.75% | 24.21% | 17.50% | 16.19% |
Total Other Income Expenses Net | $-1.61M | $8.01M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Income Before Tax | $53.02M | $115.10M | $161.19M | $63.64M | $54.56M | $71.90M | $-4.86M | $-110.07M | $-36.92M | $73.14M | $158.14M | $125.84M | $159.73M | $268.34M | $154.96M | $166.26M | $134.29M | $217.50M | $104.68M | $95.86M |
Income Before Tax Ratio | 7.92% | 13.96% | 20.34% | 8.89% | 7.00% | 8.71% | -0.89% | -16.62% | -6.57% | 9.99% | 21.19% | 19.17% | 22.30% | 26.49% | 21.00% | 19.72% | 19.75% | 24.21% | 17.50% | 16.19% |
Income Tax Expense | $-7.35M | $28.79M | $45.05M | $11.59M | $14.34M | $403.00K | $-11.63M | $10.30M | $-21.73M | $16.07M | $35.35M | $34.19M | $38.75M | $57.05M | $39.45M | $41.34M | $43.46M | $22.73M | $28.16M | $22.79M |
Net Income | $60.38M | $86.31M | $107.94M | $49.91M | $35.76M | $63.57M | $7.14M | $-124.01M | $-15.20M | $57.06M | $103.89M | $94.39M | $112.14M | $210.38M | $105.40M | $121.63M | $86.01M | $186.09M | $73.59M | $72.11M |
Net Income Ratio | 9.02% | 10.47% | 13.62% | 6.97% | 4.59% | 7.70% | 1.31% | -18.72% | -2.70% | 7.80% | 13.92% | 14.38% | 15.66% | 20.77% | 14.29% | 14.42% | 12.65% | 20.72% | 12.31% | 12.18% |
EPS | $0.61 | $0.89 | $1.13 | $0.53 | $0.38 | $0.69 | $0.07 | $-1.40 | $-0.17 | $0.65 | $1.06 | $0.96 | $1.05 | $1.97 | $1.00 | $1.14 | $0.80 | $1.73 | $0.69 | $0.68 |
EPS Diluted | $0.56 | $0.80 | $1.02 | $0.49 | $0.35 | $0.65 | $0.06 | $-1.40 | $-0.17 | $0.61 | $1.05 | $0.92 | $1.04 | $1.86 | $0.94 | $1.08 | $0.75 | $1.64 | $0.66 | $0.66 |
Weighted Average Shares Outstanding | 95.26M | 94.78M | 93.63M | 92.89M | 91.26M | 90.23M | 89.43M | 88.73M | 87.59M | 88.17M | 98.26M | 98.66M | 107.11M | 104.69M | 105.42M | 106.75M | 107.29M | 107.32M | 107.17M | 106.66M |
Weighted Average Shares Outstanding Diluted | 104.83M | 106.11M | 103.48M | 100.63M | 99.35M | 94.99M | 94.31M | 88.73M | 87.59M | 94.19M | 98.87M | 102.75M | 108.19M | 112.28M | 112.99M | 113.60M | 115.82M | 115.14M | 113.18M | 111.49M |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Cash and Cash Equivalents | $1.31B | $971.32M | $1.23B | $1.47B | $1.39B |
Short Term Investments | $268.68M | $219.58M | $779.25M | $1.35B | $1.13B |
Cash and Short Term Investments | $1.05M | $971.32M | $2.01B | $2.81B | $2.52B |
Net Receivables | $- | $- | $652.76M | $855.09M | $792.29M |
Inventory | $- | $- | $-217.84M | $3.56B | $2.27B |
Other Current Assets | $32.47M | $34.09M | $843.22M | $855.61M | $228.34M |
Total Current Assets | $1.05M | $971.32M | $3.29B | $4.24B | $3.31B |
Property Plant Equipment Net | $595.34M | $639.73M | $681.68M | $466.05M | $513.92M |
Goodwill | $393.57M | $394.90M | $377.24M | $379.42M | $383.86M |
Intangible Assets | $- | $30.00K | $90.00K | $150.00K | $210.00K |
Goodwill and Intangible Assets | $393.57M | $394.93M | $377.33M | $379.57M | $384.07M |
Long Term Investments | $555.72M | $640.28M | $698.98M | $1.01B | $658.53M |
Tax Assets | $479.58M | $497.34M | $407.66M | $435.31M | $538.45M |
Other Non-Current Assets | $152.86M | $1.49B | $394.76M | $623.09M | $564.92M |
Total Non-Current Assets | $2.18B | $3.66B | $2.56B | $2.91B | $2.66B |
Other Assets | $2.62B | $- | $- | $- | $- |
Total Assets | $4.79B | $4.64B | $5.85B | $7.15B | $5.97B |
Account Payables | $- | $- | $- | $- | $- |
Short Term Debt | $- | $- | $- | $- | $- |
Tax Payables | $237.92M | $253.14M | $117.31M | $169.84M | $139.71M |
Deferred Revenue | $136.54M | $140.42M | $921.83M | $1.44B | $1.20B |
Other Current Liabilities | $522.33M | $638.83M | $667.20M | $1.14B | $970.73M |
Total Current Liabilities | $896.78M | $1.03B | $921.83M | $1.44B | $1.20B |
Long Term Debt | $2.19B | $2.18B | $2.20B | $2.24B | $2.29B |
Deferred Revenue Non-Current | $- | $- | $137.33M | $970.48M | $733.50M |
Deferred Tax Liabilities Non-Current | $1.08M | $3.86M | $3.92M | $1.83M | $1.04M |
Other Non-Current Liabilities | $938.81M | $854.28M | $1.47B | $1.81B | $1.48B |
Total Non-Current Liabilities | $3.13B | $3.03B | $3.67B | $4.05B | $3.77B |
Other Liabilities | $- | $- | $- | $- | $- |
Total Liabilities | $4.03B | $4.07B | $4.59B | $5.49B | $4.97B |
Preferred Stock | $- | $- | $1.68B | $1.56B | $1.30B |
Common Stock | $- | $1.13M | $1.13M | $1.13M | $1.13M |
Retained Earnings | $1.47B | $1.40B | $1.68B | $1.56B | $1.30B |
Accumulated Other Comprehensive Income Loss | $-326.74M | $-289.95M | $-295.85M | $-223.85M | $-238.37M |
Other Total Stockholders Equity | $-509.13M | $-690.05M | $-825.52M | $-362.70M | $-146.37M |
Total Stockholders Equity | $636.24M | $423.76M | $556.46M | $975.22M | $911.77M |
Total Equity | $636.24M | $569.86M | $1.26B | $1.65B | $999.43M |
Total Liabilities and Stockholders Equity | $4.79B | $4.64B | $5.85B | $7.15B | $5.97B |
Minority Interest | $- | $146.10M | $702.41M | $677.74M | $87.66M |
Total Liabilities and Total Equity | $4.79B | $4.64B | $5.85B | $7.15B | $5.97B |
Total Investments | $824.40M | $859.86M | $1.42B | $2.35B | $1.79B |
Total Debt | $2.19B | $2.18B | $2.20B | $2.24B | $2.29B |
Net Debt | $884.32M | $1.20B | $966.63M | $772.73M | $899.83M |
Balance Sheet Charts
Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $908.59M | $1.31B | $1.17B | $880.64M | $956.80M | $1.01B | $653.36M | $697.76M | $596.60M | $1.23B | $1.00B | $907.47M | $878.17M | $1.47B | $1.18B | $979.90M | $974.70M | $1.39B | $1.11B | $896.84M |
Short Term Investments | $- | $268.68M | $313.02M | $203.81M | $247.85M | $219.58M | $319.38M | $446.78M | $522.56M | $779.25M | $1.34B | $1.70B | $1.64B | $1.35B | $1.36B | $1.11B | $1.01B | $1.13B | $1.19B | $1.16B |
Cash and Short Term Investments | $908.59M | $1.58B | $1.48B | $880.64M | $956.80M | $1.01B | $972.74M | $1.14B | $1.12B | $2.01B | $2.34B | $2.61B | $2.52B | $2.81B | $2.55B | $2.09B | $1.99B | $2.52B | $2.30B | $2.05B |
Net Receivables | $683.00M | $800.32M | $682.03M | $725.49M | $750.48M | $832.02M | $632.13M | $674.56M | $698.13M | $652.76M | $740.39M | $739.70M | $816.64M | $855.09M | $700.14M | $818.80M | $739.62M | $792.29M | $575.10M | $652.11M |
Inventory | $- | $- | $- | $- | $- | $- | $1.35B | $1.44B | $1.37B | $-217.84M | $- | $2.88B | $- | $-238.16M | $- | $- | $- | $-183.85M | $- | $- |
Other Current Assets | $- | $239.70M | $35.00M | $33.09M | $33.56M | $267.51M | $34.04M | $35.37M | $36.98M | $843.22M | $621.10M | $617.06M | $615.23M | $855.61M | $615.30M | $614.29M | $615.09M | $228.34M | $41.26M | $40.28M |
Total Current Assets | $1.59B | $2.62B | $2.20B | $1.81B | $1.96B | $2.29B | $1.64B | $1.85B | $1.85B | $3.29B | $3.70B | $3.97B | $3.95B | $4.24B | $3.86B | $3.52B | $3.34B | $3.31B | $2.92B | $2.74B |
Property Plant Equipment Net | $430.50M | $595.34M | $608.90M | $672.37M | $617.42M | $639.73M | $642.80M | $663.14M | $674.54M | $681.68M | $638.56M | $666.95M | $701.60M | $466.05M | $468.52M | $479.24M | $492.09M | $513.92M | $517.58M | $525.19M |
Goodwill | $- | $393.57M | $394.57M | $393.97M | $394.10M | $394.90M | $394.05M | $394.62M | $394.26M | $377.24M | $375.78M | $377.88M | $379.48M | $379.42M | $379.68M | $380.69M | $381.75M | $383.86M | $373.19M | $368.07M |
Intangible Assets | $- | $- | $- | $- | $15.00K | $30.00K | $45.00K | $60.00K | $394.26M | $90.00K | $105.00K | $120.00K | $135.00K | $150.00K | $165.00K | $180.00K | $195.00K | $210.00K | $646.00K | $1.09M |
Goodwill and Intangible Assets | $394.10M | $393.57M | $394.57M | $393.97M | $394.11M | $394.93M | $394.09M | $394.68M | $394.26M | $377.33M | $375.89M | $378.00M | $379.62M | $379.57M | $379.85M | $380.87M | $381.95M | $384.07M | $373.84M | $369.16M |
Long Term Investments | $- | $555.72M | $628.85M | $629.83M | $623.87M | $704.75M | $657.88M | $690.20M | $741.87M | $698.98M | $638.96M | $733.14M | $869.84M | $1.01B | $914.98M | $867.71M | $782.35M | $658.53M | $535.25M | $523.37M |
Tax Assets | $496.85M | $479.58M | $526.80M | $507.57M | $506.17M | $497.34M | $507.95M | $524.05M | $367.65M | $407.66M | $390.54M | $408.19M | $429.23M | $435.31M | $480.53M | $492.36M | $506.84M | $538.45M | $557.12M | $563.24M |
Other Non-Current Assets | $- | $152.86M | $465.11M | $513.52M | $490.26M | $108.61M | $453.87M | $476.40M | $534.92M | $394.76M | $460.86M | $560.33M | $519.51M | $623.09M | $621.54M | $662.29M | $702.79M | $564.92M | $563.39M | $586.38M |
Total Non-Current Assets | $1.32B | $2.18B | $2.62B | $2.72B | $2.63B | $2.35B | $2.66B | $2.75B | $2.71B | $2.56B | $2.50B | $2.75B | $2.90B | $2.91B | $2.87B | $2.88B | $2.87B | $2.66B | $2.55B | $2.57B |
Other Assets | $1.32B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Assets | $4.23B | $4.79B | $4.82B | $4.53B | $4.59B | $4.64B | $4.30B | $4.60B | $4.57B | $5.85B | $6.21B | $6.71B | $6.85B | $7.15B | $6.73B | $6.41B | $6.21B | $5.97B | $5.47B | $5.31B |
Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Short Term Debt | $503.88M | $505.48M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Tax Payables | $- | $237.92M | $84.14M | $84.14M | $115.00M | $253.14M | $118.55M | $118.55M | $118.56M | $117.31M | $192.40M | $192.47M | $192.49M | $169.84M | $211.24M | $211.24M | $211.24M | $139.71M | $221.89M | $221.89M |
Deferred Revenue | $335.38M | $136.54M | $- | $- | $136.27M | $140.42M | $- | $- | $- | $921.83M | $1.50B | $1.83B | $1.75B | $1.44B | $1.45B | $1.23B | $1.24B | $1.20B | $1.24B | $1.23B |
Other Current Liabilities | $- | $16.85M | $346.83M | $-84.14M | $536.34M | $638.83M | $-118.55M | $469.29M | $578.52M | $667.20M | $-1.69B | $1.83B | $-192.49M | $1.14B | $-211.24M | $-1.44B | $-1.45B | $970.73M | $-1.47B | $-1.45B |
Total Current Liabilities | $839.25M | $896.78M | $430.97M | $466.25M | $651.34M | $1.03B | $581.39M | $587.84M | $697.09M | $921.83M | $1.50B | $2.02B | $1.75B | $1.44B | $1.45B | $1.23B | $1.24B | $1.20B | $1.24B | $1.23B |
Long Term Debt | $- | $505.48M | $521.52M | $2.21B | $2.15B | $2.09B | $2.18B | $2.20B | $2.20B | $2.20B | $2.19B | $2.21B | $2.22B | $2.24B | $2.24B | $2.25B | $2.27B | $2.29B | $2.29B | $2.30B |
Deferred Revenue Non-Current | $- | $- | $- | $135.29M | $136.27M | $140.42M | $491.33M | $-6.58M | $- | $137.33M | $- | $494.46M | $- | $970.48M | $710.46M | $643.44M | $483.54M | $733.50M | $1.24B | $1.23B |
Deferred Tax Liabilities Non-Current | $- | $1.08M | $2.17M | $3.94M | $2.18M | $3.86M | $5.38M | $6.58M | $4.79M | $3.92M | $8.96M | $13.61M | $15.88M | $1.83M | $1.32M | $1.33M | $2.20M | $1.04M | $2.58M | $2.92M |
Other Non-Current Liabilities | $2.66B | $2.63B | $2.66B | $1.72B | $1.89B | $936.60M | $1.61B | $1.90B | $1.07B | $1.47B | $1.25B | $1.06B | $1.32B | $1.81B | $1.48B | $2.65B | $2.50B | $1.48B | $2.39B | $2.33B |
Total Non-Current Liabilities | $2.66B | $3.13B | $3.19B | $3.47B | $3.40B | $3.03B | $3.21B | $3.52B | $3.27B | $3.67B | $3.45B | $3.28B | $3.55B | $4.05B | $3.72B | $3.67B | $3.53B | $3.77B | $3.44B | $3.40B |
Other Liabilities | $- | $- | $437.38M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities | $3.50B | $4.03B | $4.06B | $3.93B | $4.05B | $4.07B | $3.79B | $4.10B | $3.97B | $4.59B | $4.95B | $5.31B | $5.30B | $5.49B | $5.17B | $4.90B | $4.77B | $4.97B | $4.69B | $4.63B |
Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock | $- | $- | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M | $1.13M |
Retained Earnings | $1.48B | $1.47B | $1.44B | $1.38B | $1.38B | $1.40B | $1.39B | $1.43B | $1.60B | $1.68B | $1.68B | $1.63B | $1.58B | $1.56B | $1.40B | $1.35B | $1.28B | $1.30B | $1.16B | $1.14B |
Accumulated Other Comprehensive Income Loss | $-306.77M | $-326.74M | $-271.84M | $-306.29M | $-304.00M | $-289.95M | $-293.06M | $-281.89M | $-282.96M | $-295.85M | $-334.38M | $-290.03M | $-237.63M | $-223.85M | $-246.53M | $-226.65M | $-255.71M | $-238.37M | $-279.79M | $-308.92M |
Other Total Stockholders Equity | $-567.87M | $-509.13M | $-542.71M | $-618.88M | $-689.25M | $-690.05M | $-735.26M | $-790.45M | $-871.39M | $-825.52M | $-788.51M | $-623.62M | $-496.68M | $-362.70M | $-278.98M | $-295.72M | $-259.32M | $-146.37M | $-187.84M | $-231.62M |
Total Stockholders Equity | $603.03M | $636.24M | $624.27M | $458.65M | $392.71M | $423.76M | $361.32M | $359.98M | $451.43M | $556.46M | $560.64M | $715.66M | $849.83M | $975.22M | $877.81M | $826.88M | $765.00M | $911.77M | $693.81M | $600.60M |
Total Equity | $686.84M | $715.87M | $708.74M | $595.12M | $537.01M | $569.86M | $501.34M | $499.47M | $597.88M | $1.26B | $1.26B | $1.40B | $1.54B | $1.65B | $1.55B | $1.51B | $1.44B | $999.43M | $778.70M | $683.97M |
Total Liabilities and Stockholders Equity | $4.23B | $4.79B | $4.82B | $4.53B | $4.59B | $4.64B | $4.30B | $4.60B | $4.57B | $5.85B | $6.21B | $6.71B | $6.85B | $7.15B | $6.73B | $6.41B | $6.21B | $5.97B | $5.47B | $5.31B |
Minority Interest | $83.81M | $79.63M | $84.47M | $136.47M | $144.29M | $146.10M | $140.02M | $139.49M | $146.46M | $702.41M | $695.18M | $687.00M | $694.80M | $677.74M | $674.91M | $679.97M | $676.69M | $87.66M | $84.89M | $83.37M |
Total Liabilities and Total Equity | $4.23B | $4.79B | $4.82B | $4.53B | $4.59B | $4.64B | $4.30B | $4.60B | $4.57B | $5.85B | $6.21B | $6.71B | $6.85B | $7.15B | $6.73B | $6.41B | $6.21B | $5.97B | $5.47B | $5.31B |
Total Investments | $- | $824.40M | $941.88M | $203.81M | $623.87M | $704.75M | $977.26M | $1.14B | $1.26B | $1.42B | $1.93B | $2.43B | $2.51B | $2.35B | $2.28B | $1.98B | $1.80B | $1.79B | $1.73B | $1.68B |
Total Debt | $503.88M | $505.48M | $521.52M | $2.38B | $2.32B | $2.18B | $2.18B | $2.20B | $2.20B | $2.20B | $2.19B | $2.21B | $2.22B | $2.24B | $2.24B | $2.25B | $2.27B | $2.29B | $2.29B | $2.30B |
Net Debt | $-404.71M | $-802.74M | $-644.20M | $1.49B | $1.36B | $1.17B | $1.53B | $1.50B | $1.60B | $966.63M | $1.19B | $1.30B | $1.34B | $772.73M | $1.05B | $1.27B | $1.29B | $899.83M | $1.18B | $1.40B |
Annual Cash Flow
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Net Income | $286.71M | $-75.48M | $392.48M | $542.54M | $402.69M |
Depreciation and Amortization | $36.28M | $43.19M | $42.40M | $38.38M | $36.89M |
Deferred Income Tax | $2.83M | $-124.96M | $41.50M | $92.84M | $46.71M |
Stock Based Compensation | $448.49M | $- | $240.64M | $233.96M | $218.45M |
Change in Working Capital | $- | $-240.87M | $-109.29M | $-299.47M | $-322.00M |
Accounts Receivables | $- | $- | $140.75M | $-81.61M | $-72.15M |
Inventory | $- | $- | $- | $- | $- |
Accounts Payables | $- | $- | $- | $- | $- |
Other Working Capital | $19.84M | $-240.87M | $-250.04M | $-217.86M | $-249.85M |
Other Non Cash Items | $-31.48M | $562.78M | $60.66M | $468.14M | $64.71M |
Net Cash Provided by Operating Activities | $742.83M | $164.66M | $833.98M | $866.08M | $575.93M |
Investments in Property Plant and Equipment | $- | $-28.30M | $-49.51M | $-39.70M | $-64.29M |
Acquisitions Net | $- | $-10.52M | $573.00K | $642.00K | $1.35M |
Purchases of Investments | $-115.84M | $- | $-1.09M | $-976.00K | $-1.77M |
Sales Maturities of Investments | $100.00M | $- | $514.00K | $334.00K | $423.00K |
Other Investing Activities | $149.91M | $490.00K | $-6.93M | $642.00K | $1.35M |
Net Cash Used for Investing Activities | $134.07M | $-38.32M | $-56.44M | $-39.06M | $-62.94M |
Debt Repayment | $-3.19M | $- | $- | $- | $- |
Common Stock Issued | $- | $- | $- | $575.00M | $- |
Common Stock Repurchased | $-59.50M | $-102.05M | $-691.71M | $-406.15M | $-95.23M |
Dividends Paid | $-179.02M | $-173.07M | $-181.88M | $-195.94M | $-196.60M |
Other Financing Activities | $-197.96M | $-1.30B | $-508.45M | $222.93M | $-255.53M |
Net Cash Used Provided by Financing Activities | $-439.67M | $-1.57B | $-1.38B | $195.84M | $-547.35M |
Effect of Forex Changes on Cash | $-52.85M | $30.44M | $-186.12M | $-161.67M | $147.63M |
Net Change in Cash | $384.38M | $-1.41B | $-790.61M | $861.19M | $113.27M |
Cash at End of Period | $1.61B | $1.22B | $2.64B | $3.43B | $2.57B |
Cash at Beginning of Period | $1.22B | $2.64B | $3.43B | $2.57B | $2.46B |
Operating Cash Flow | $742.83M | $164.66M | $833.98M | $866.08M | $575.93M |
Capital Expenditure | $- | $-28.30M | $-49.51M | $-39.70M | $-64.29M |
Free Cash Flow | $742.83M | $136.37M | $784.47M | $826.38M | $511.64M |
Cash Flow Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | $78.30M | $105.36M | $49.04M | $34.48M | $62.04M | $6.77M | $-120.38M | $-15.20M | $57.06M | $122.79M | $91.65M | $120.97M | $211.29M | $115.51M | $124.92M | $90.83M | $194.77M | $76.52M | $73.08M | $58.33M |
Depreciation and Amortization | $8.81M | $8.94M | $9.20M | $9.15M | $10.77M | $10.61M | $10.61M | $11.19M | $10.46M | $10.87M | $10.80M | $10.27M | $10.02M | $9.39M | $9.59M | $9.38M | $9.81M | $8.86M | $8.78M | $9.43M |
Deferred Income Tax | $37.04M | $-19.53M | $-1.84M | $-12.84M | $19.68M | $13.57M | $-154.55M | $-200.00K | $-14.22M | $12.33M | $17.14M | $26.26M | $39.08M | $10.12M | $13.97M | $29.67M | $16.03M | $7.27M | $11.89M | $11.52M |
Stock Based Compensation | $- | $- | $89.35M | $70.20M | $40.94M | $58.36M | $80.73M | $70.53M | $39.54M | $74.92M | $72.75M | $53.44M | $38.18M | $51.89M | $75.70M | $68.19M | $38.07M | $39.67M | $68.54M | $72.16M |
Change in Working Capital | $150.66M | $190.04M | $-64.37M | $-326.47M | $50.76M | $-119.50M | $298.69M | $-571.53M | $173.54M | $154.32M | $41.61M | $-478.76M | $102.47M | $151.07M | $-182.32M | $-370.70M | $18.19M | $80.79M | $-69.14M | $-351.85M |
Accounts Receivables | $-89.39M | $54.29M | $24.83M | $6.69M | $-118.97M | $36.55M | $25.61M | $-43.69M | $97.51M | $-3.11M | $61.50M | $-15.16M | $-108.06M | $110.44M | $-76.50M | $-7.49M | $-158.19M | $84.15M | $-58.07M | $59.96M |
Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Working Capital | $240.05M | $135.75M | $-89.20M | $-333.17M | $169.73M | $-156.05M | $273.08M | $-527.84M | $76.03M | $157.42M | $-52.20M | $-478.76M | $102.47M | $151.07M | $-182.32M | $-370.70M | $18.19M | $80.79M | $-69.14M | $-351.85M |
Other Non Cash Items | $88.05M | $98.94M | $148.14M | $155.09M | $238.15M | $118.80M | $159.13M | $56.06M | $-318.75M | $59.34M | $137.30M | $17.09M | $-304.12M | $111.99M | $148.68M | $17.21M | $-265.21M | $82.27M | $131.06M | $15.49M |
Net Cash Provided by Operating Activities | $362.85M | $383.74M | $148.43M | $-152.19M | $240.88M | $33.49M | $201.00M | $-411.42M | $314.32M | $434.56M | $298.63M | $-213.53M | $452.86M | $398.15M | $138.42M | $-123.34M | $320.52M | $255.71M | $155.67M | $-155.98M |
Investments in Property Plant and Equipment | $-14.87M | $13.06M | $-6.44M | $-6.62M | $-8.79M | $-7.51M | $-7.38M | $-4.61M | $-24.52M | $-5.29M | $-6.19M | $-13.51M | $-14.41M | $-7.92M | $-9.87M | $-7.50M | $-30.08M | $-9.31M | $-12.89M | $-12.01M |
Acquisitions Net | $- | $-1.93M | $1.92M | $12.00K | $138.00K | $252.00K | $98.00K | $-10.52M | $301.00K | $59.00K | $211.00K | $2.00K | $-57.00K | $97.00K | $-26.00K | $- | $- | $- | $- | $- |
Purchases of Investments | $- | $-17.49M | $-98.35M | $- | $-138.00K | $-1.32M | $-228.00K | $-50.00K | $-427.00K | $-239.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Sales Maturities of Investments | $50.00M | $49.77M | $51.00K | $181.00K | $829.00K | $1.07M | $130.00K | $50.00K | $126.00K | $180.00K | $17.00K | $191.00K | $-79.00K | $97.00K | $316.00K | $- | $- | $- | $- | $- |
Other Investing Activities | $-870.00K | $165.88M | $-96.43M | $-6.61M | $138.00K | $252.00K | $98.00K | $2.00K | $301.00K | $-7.44M | $211.00K | $2.00K | $-57.00K | $97.00K | $-26.00K | $628.00K | $1.20M | $16.00K | $66.00K | $69.00K |
Net Cash Used for Investing Activities | $34.26M | $209.30M | $-102.83M | $-6.43M | $-7.83M | $-7.26M | $-7.28M | $-15.13M | $-24.22M | $-12.73M | $-5.98M | $-13.51M | $-14.46M | $-7.82M | $-9.90M | $-6.87M | $-28.88M | $-9.30M | $-12.82M | $-11.94M |
Debt Repayment | $-166.12M | $- | $10.00K | $396.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $575.00M | $- | $- | $- | $- |
Common Stock Repurchased | $-15.57M | $-3.11M | $-18.81M | $-22.00M | $- | $-2.95M | $-172.00K | $-98.92M | $-79.53M | $-236.99M | $-199.39M | $-175.80M | $-119.96M | $-52.45M | $-111.09M | $-122.65M | $- | $- | $- | $-95.23M |
Dividends Paid | $-45.19M | $-45.09M | $-45.02M | $-43.72M | $-43.71M | $-43.44M | $-43.40M | $-42.52M | $-42.97M | $-46.24M | $-46.01M | $-46.66M | $-48.35M | $-48.63M | $-49.52M | $-49.44M | $-49.37M | $-49.34M | $-49.13M | $-48.76M |
Other Financing Activities | $-6.98M | $-63.47M | $-128.79M | $-231.79M | $-106.56M | $-130.34M | $-128.20M | $-930.97M | $-658.71M | $-255.43M | $202.47M | $203.22M | $42.87M | $221.53M | $116.91M | $-158.39M | $-113.57M | $-21.12M | $45.35M | $-166.19M |
Net Cash Used Provided by Financing Activities | $-233.87M | $-111.67M | $-192.66M | $98.31M | $-151.10M | $-176.73M | $-171.77M | $-1.07B | $-781.20M | $-538.66M | $-42.93M | $-19.24M | $-125.44M | $120.46M | $-43.70M | $244.52M | $-162.93M | $-70.46M | $-3.78M | $-310.18M |
Effect of Forex Changes on Cash | $-67.61M | $37.94M | $-952.00K | $-22.23M | $35.54M | $-22.62M | $1.81M | $15.71M | $167.79M | $-145.95M | $-156.15M | $-51.82M | $-43.97M | $-55.29M | $16.79M | $-79.20M | $95.39M | $76.11M | $37.98M | $-61.85M |
Net Change in Cash | $95.63M | $519.30M | $-76.16M | $-48.60M | $318.01M | $-173.13M | $23.75M | $-1.48B | $-323.31M | $-262.77M | $93.58M | $-298.10M | $268.99M | $455.49M | $101.61M | $35.10M | $224.10M | $252.06M | $177.05M | $-539.95M |
Cash at End of Period | $1.61B | $1.40B | $880.64M | $956.80M | $1.01B | $1.01B | $1.18B | $1.16B | $2.64B | $2.96B | $3.23B | $3.13B | $3.43B | $3.16B | $2.71B | $2.60B | $2.57B | $2.34B | $2.09B | $1.92B |
Cash at Beginning of Period | $1.51B | $880.64M | $956.80M | $1.01B | $687.39M | $1.18B | $1.16B | $2.64B | $2.96B | $3.23B | $3.13B | $3.43B | $3.16B | $2.71B | $2.60B | $2.57B | $2.34B | $2.09B | $1.92B | $2.46B |
Operating Cash Flow | $362.85M | $383.74M | $148.43M | $-152.19M | $240.88M | $33.49M | $201.00M | $-411.42M | $314.32M | $434.56M | $298.63M | $-213.53M | $452.86M | $398.15M | $138.42M | $-123.34M | $320.52M | $255.71M | $155.67M | $-155.98M |
Capital Expenditure | $-14.87M | $13.06M | $-6.44M | $-6.62M | $-8.79M | $-7.51M | $-7.38M | $-4.61M | $-24.52M | $-5.29M | $-6.19M | $-13.51M | $-14.41M | $-7.92M | $-9.87M | $-7.50M | $-30.08M | $-9.31M | $-12.89M | $-12.01M |
Free Cash Flow | $347.98M | $396.80M | $141.99M | $-158.81M | $232.09M | $25.97M | $193.62M | $-416.03M | $289.80M | $429.27M | $292.44M | $-227.04M | $438.45M | $390.23M | $128.54M | $-130.84M | $290.45M | $246.40M | $142.79M | $-167.99M |

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.
$38.99
Stock Price
$3.51B
Market Cap
3.26K
Employees
Hamilton, None
Location
Revenue (FY 2024)
$3.09B
21.0% YoY
Net Income (FY 2024)
$279.91M
470.8% YoY
EPS (FY 2024)
$2.68
397.8% YoY
Free Cash Flow (FY 2024)
$742.83M
444.7% YoY
Profitability
Gross Margin
31.6%
Net Margin
9.1%
ROE
44.0%
ROA
5.8%
Valuation
P/E Ratio
17.13
P/S Ratio
1.55
EV/EBITDA
11.12
Market Cap
$3.51B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$742.83M
351.1% YoY
Free Cash Flow
$742.83M
444.7% YoY
Balance Sheet Summary
Total Assets
$4.79B
3.4% YoY
Total Debt
$2.19B
0.8% YoY
Shareholder Equity
$636.24M
28.2% YoY
Dividend Overview
$0.50
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
Date | Amount | Type |
---|---|---|
2025-05-05 | $0.50 | May 05, 25 |
2025-02-10 | $0.50 | February 10, 25 |
2024-11-08 | $0.50 | November 08, 24 |
2024-08-05 | $0.50 | August 05, 24 |
2024-05-03 | $0.50 | May 03, 24 |
2024-02-09 | $0.50 | February 09, 24 |
2023-11-03 | $0.50 | November 03, 23 |
2023-08-04 | $0.50 | August 04, 23 |
2023-05-05 | $0.50 | May 05, 23 |
2023-02-10 | $0.50 | February 10, 23 |
Lazard Dividends
Explore Lazard's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.73%
Dividend Payout Ratio
63.95%
Dividend Paid & Capex Coverage Ratio
4.15x
Lazard Dividend History
Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
---|---|---|---|---|---|
$0.5 | $0.5 | May 05, 2025 | May 05, 2025 | May 16, 2025 | April 24, 2025 |
$0.5 | $0.5 | February 10, 2025 | February 10, 2025 | February 21, 2025 | January 29, 2025 |
$0.5 | $0.5 | November 08, 2024 | November 08, 2024 | November 15, 2024 | October 30, 2024 |
$0.5 | $0.5 | August 05, 2024 | August 05, 2024 | August 16, 2024 | July 24, 2024 |
$0.5 | $0.5 | May 03, 2024 | May 06, 2024 | May 17, 2024 | April 24, 2024 |
$0.5 | $0.5 | February 09, 2024 | February 12, 2024 | February 23, 2024 | January 31, 2024 |
$0.5 | $0.5 | November 03, 2023 | November 06, 2023 | November 17, 2023 | October 25, 2023 |
$0.5 | $0.5 | August 04, 2023 | August 07, 2023 | August 18, 2023 | July 26, 2023 |
$0.5 | $0.5 | May 05, 2023 | May 08, 2023 | May 19, 2023 | April 26, 2023 |
$0.5 | $0.5 | February 10, 2023 | February 13, 2023 | February 24, 2023 | February 01, 2023 |
$0.5 | $0.5 | November 04, 2022 | November 07, 2022 | November 18, 2022 | October 26, 2022 |
$0.5 | $0.5 | August 05, 2022 | August 08, 2022 | August 19, 2022 | July 27, 2022 |
$0.47 | $0.47 | May 06, 2022 | May 09, 2022 | May 20, 2022 | April 27, 2022 |
$0.47 | $0.47 | February 11, 2022 | February 14, 2022 | February 25, 2022 | February 02, 2022 |
$0.47 | $0.47 | November 05, 2021 | November 08, 2021 | November 19, 2021 | October 28, 2021 |
$0.47 | $0.47 | August 06, 2021 | August 09, 2021 | August 20, 2021 | July 29, 2021 |
$0.47 | $0.47 | May 07, 2021 | May 10, 2021 | May 21, 2021 | April 29, 2021 |
$0.47 | $0.47 | February 18, 2021 | February 19, 2021 | March 02, 2021 | February 04, 2021 |
$0.47 | $0.47 | November 06, 2020 | November 09, 2020 | November 20, 2020 | October 28, 2020 |
$0.47 | $0.47 | August 07, 2020 | August 10, 2020 | August 21, 2020 | July 29, 2020 |
Lazard News
Read the latest news about Lazard, including recent articles, headlines, and updates.
Dealmaking remains uncertain, Lazard banker says: ‘We're not in normal times.'
Lazard Inc.'s stock retreated on Friday after the investment bank said that its deal backlog has grown but that an elevated level of economic uncertainty is making it difficult to predict how the second quarter will play out.

Lazard (LAZ) Q1 2025 Earnings Call Transcript
Lazard Inc. (NYSE:LAZ ) Q1 2025 Earnings Conference Call April 25, 2025 8:00 AM ET Company Participants Peter Orszag - Chairman, Chief Executive Officer Mary Ann Betsch - Chief Financial Officer Evan Russo - Chief Executive Officer, Asset Management Alexandra Deignan - Head of Investor Relations and Treasury Conference Call Participants Mike Brown - Wells Fargo James Yaro - Goldman Sachs Ben Rubin - UBS Ryan Kenny - Morgan Stanley Alex Jenkins - Citizens JMP Brendan O'Brien - Wolfe Research Operator Good morning everyone and welcome to Lazard's first quarter 2025 earnings conference call. This call is being recorded.

Lazard (LAZ) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Lazard (LAZ) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Lazard Reports First-Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $648 million and adjusted net revenue1 of $643 million for the quarter ended March 31, 2025. On both a U.S. GAAP and an adjusted basis1, Lazard reported first-quarter 2025 net income of $60 million or $0.56 per share, diluted. “First quarter performance was solid in the midst of an uncertain business environment,” said Peter R. Orszag, CEO and Chairman. “Throughout our history, we've maintained an unwavering focus.

Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in March
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on May 22, 2025 to shareholders of record on May 12, 2025. The ex-dividend date is May 12, 2025. The Fund will pay a previously declared distribution today, April 22, 2.

Stay Ahead of the Game With Lazard (LAZ) Q1 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Lazard (LAZ) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Former U.S. Congressman and House Financial Services Chair Patrick McHenry Joins Lazard as Senior Advisor
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ), the preeminent global financial advisory and asset management firm, announced today that Patrick McHenry has joined as Senior Advisor, effective April 23, 2025. McHenry brings over 20 years of experience as an elected official and leading voice on U.S. economic and financial policy. His appointment underscores Lazard's commitment to expanding its capacity to help clients navigate the increasingly complex intersection of business, politics, an.

Lazard Marks Strategic Expansion Into the UAE, Reinforcing Its Financial Advisory Base in MENA
NEW YORK & ABU DHABI, United Arab Emirates & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today its strategic expansion into the United Arab Emirates, establishing Abu Dhabi as the Financial Advisory main office for the country, subject to regulatory approval. The establishment of this office reflects the role of Abu Dhabi as a leading business and financial center globally and underscores Lazard's commitment to deepening its presence in MENA and serving as a truste.

Lazard Reports March 2025 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2025 totaled approximately $227.4 billion. The month's AUM included market depreciation of $5.4 billion, net outflows of $3.1 billion and foreign exchange appreciation of $3.1 billion. Preliminary average AUM for the quarter ended March 31, 2025 was $230.8 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) As of: March 31, F.

Lazard and Arini Enter Cooperation and Sourcing Agreement for EMEA Private Credit
LONDON & PARIS--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ), a global financial advisory and asset management firm, and Arini Capital Management (“Arini”), a leading alternative credit manager, today announced an alliance focused on direct lending solutions for borrowers across EMEA. The alliance further expands Lazard's leading debt advisory and capital solutions services across EMEA and will provide Lazard's corporate and sponsor advisory clients access to a potential new source of flexible fin.

Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in February
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on April 22, 2025 to shareholders of record on April 10, 2025. The ex-dividend date is April 10, 2025. The Fund will pay a previously declared distribution today, March.

Lazard Reports February 2025 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2025, totaled approximately $232.9 billion. The month's AUM included net outflows of $0.8 billion, foreign exchange appreciation of $0.5 billion and market appreciation of $0.1 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) As of: February 28, January 31, 20251 2025 Equity .

Buy Two Ideal March 'Safer' Dividend Dogs Of 34 Barron's 2025 Pro-Picks
Barron's New-Year (NY) Roundtable (RT) selections published in three issues 1/13-27/2025, listed 34 dividend picks as the best of 2025. Analysts predict top picks like AdvanSix, Applied Materials, and Salesforce could net significant returns, with an average gain estimate of 28.85%. Two standout "safer" stocks, AT&T and Annaly Capital, meet the dogcatcher ideal, offering high yields relative to their prices.

Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in January
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on March 21, 2025 to shareholders of record on March 10, 2025. The ex-dividend date is March 10, 2025. The Fund will pay a previously declared distribution today, Febru.

Lazard Reports January 2025 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2025 totaled approximately $233.0 billion. The month's AUM included market appreciation of $6.1 billion, foreign exchange appreciation of $0.4 billion and net inflows of $0.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) As of: January 31, 20251 December 31, 2024 Equity $181,506 $174,938 Fixed Income 43,395 43,286.

Buy 1 Safer Ideal January Dog Of 35 Barron's Pro-Picked 2025 Dividends
Barron's 2025 Roundtable features stock picks from top financial experts, highlighting 65 select stocks with a focus on high-yield dividend opportunities. Analysts estimate top ten Barron's Pro Picks could net 19.46% to 35.09% gains by January 2026, with Salesforce and Wynn Resorts leading. The "Dividend Dogs" strategy identifies high-yield stocks, with AT&T emerging as the sole "safer" ideal candidate among top picks.

Lazard: Healthy Backlog Into Next Year, But Peers Are Competitively Valued
Lazard, Inc. reported $10 billion in won but not yet funded mandates, meaning they have healthy commissions to be earned in the coming year. LAZ is aggressively hiring MDs, aiming to put them to work in a more deal abundant 2025. Asset management saw outflows but concentrated in low-fee accounts, muting revenue impacts expected into the next year.

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