LAZ · Lazard, Inc.

$43.51 +1.37 (+3.25%) At close · Jul 21

Market Cap

$4.86B

111.69M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$3.19B +1.5%

FY2025

Net Income

$236.83M -15.4%

FY2025

Operating Margin

10.28% -2pp

FY2025

Diluted EPS

$2.17 -19%

FY2025

Operating Cash Flow

$519.33M -30.1%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	+3.7%	+3.8%	+2.9%	$3.3B	$3.19B	$3.14B	$2.59B	$2.86B	$3.27B	$2.65B	$2.67B	$2.88B	$2.7B	$2.38B	$2.4B	$2.36B	$2.06B	$1.99B	$1.92B	$2B	$1.64B	$1.7B
Total Net Revenue	+3.8%	+3.8%	+2.8%	$3.21B	$3.1B	$3.05B	$2.52B	$2.77B	$3.19B	$2.57B	$2.59B	$2.83B	$2.64B	$2.33B	$2.35B	$2.3B	$1.99B	$1.91B	—	—	—	—
Rental Income	—	—	—	—	—	—	$6.39M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Amortization of Intangibles	-67.8%	-54.4%	-40.1%	—	—	—	$60K	$60K	$60K	$1.8M	$2.24M	$3.04M	$2.93M	$2.52M	$5.82M	$6.39M	$10.11M	$8.36M	$11.92M	$7.87M	$4.99M	$4.6M
Depreciation & Amortization	-6.9%	-0.5%	+0.4%	—	$34.19M	$36.28M	$42.85M	$42.34M	$38.32M	$35.1M	$35.57M	$34.1M	$31.5M	$33.26M	$32.79M	$34.46M	$34.75M	$30.86M	$24.58M	—	—	—
Restructuring Charges	—	—	—	—	$0	$48.14M	$195.13M	—	—	—	$67.81M	—	—	—	—	—	—	—	—	—	—	—
Total Costs & Expenses	+7.1%	+6.1%	+1.6%	$2.84B	$2.77B	$2.67B	$2.6B	$2.26B	$2.47B	$2.06B	$2.19B	$2.15B	$1.82B	$1.82B	$2.37B	$1.78B	$1.77B	$1.79B	$1.59B	$1.66B	$1.71B	$1.53B
Operating Income	-14.1%	-8.2%	—	$362.54M	$327.6M	$386.47M	-$79.96M	$516.85M	$723.85M	$502.14M	$392.7M	$680.77M	$825.45M	$517.46M	-$16.62M	$519.47M	$216.81M	$123.89M	$235.5M	$243.65M	-$182.23M	$25.14M
Operating Margin	—	—	—	—	10.28%	12.31%	-3.08%	18.1%	22.11%	18.97%	14.72%	23.6%	30.6%	21.71%	-0.69%	21.98%	10.5%	6.21%	12.27%	12.16%	-11.12%	1.48%
EBITDA	-13.5%	-7.6%	+36.5%	—	$361.79M	$422.75M	-$37.1M	$559.18M	$762.16M	$537.24M	$428.27M	$714.87M	$856.94M	$550.73M	$16.17M	$553.93M	$251.56M	$154.74M	$260.08M	—	—	—
Interest Expense	+2.3%	+1.6%	+5.5%	$89.04M	$87.28M	$88.07M	$77.67M	$81.52M	$80.77M	$80.63M	$80.19M	$58.48M	$53.52M	$50.29M	$51.16M	$62.57M	$79.38M	$81.57M	$90.13M	$97.71M	—	—
Pretax Income	—	—	—	—	$327.6M	$386.47M	-$79.96M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Tax	-14.9%	-5.1%	—	$72.94M	$76.58M	$99.76M	-$22.65M	$124.37M	$181.3M	$99.45M	$94.98M	$148.32M	$565.6M	$123.77M	-$1.01B	$85.4M	$51.69M	$31.1M	$44.94M	$49.23M	$6.01M	$25.38M
Net Income	-12.8%	-10.1%	-13.3%	$277.37M	$236.83M	$279.91M	-$75.48M	$357.52M	$528.06M	$402.46M	$286.5M	$527.13M	$253.58M	$387.7M	$986.37M	$427.28M	$160.21M	$84.31M	$174.92M	$174.98M	-$130.24M	$3.14M
Net Margin	—	—	—	—	7.43%	8.91%	-2.91%	12.52%	16.13%	15.21%	10.74%	18.27%	9.4%	16.26%	41.02%	18.08%	7.76%	4.23%	9.11%	8.74%	-7.95%	0.18%
Net Income Attributable to Noncontrolling Interests	-26.0%	+127.9%	+8.0%	$12.22M	$14.19M	$6.8M	$18.17M	$34.97M	$14.48M	$231K	$11.22M	$5.32M	$6.26M	$5.99M	$6.56M	$6.79M	$4.9M	$8.48M	$15.64M	$19.44M	-$58M	-$3.38M
Net Income Available to Common Stockholders	-13.1%	-10.2%	-13.5%	$269.93M	$230.91M	$273.03M	-$79.92M	$351.79M	$519.42M	$394.79M	$283.11M	$527.13M	$253.58M	$387.7M	$986.37M	$427.28M	$160.21M	$84.32M	$175.2M	$175.23M	-$131.53M	—
Comprehensive Income	+0.8%	-8.6%	-11.2%	$307.46M	$292.06M	$243.12M	-$69.58M	$285.51M	$542.59M	$457.74M	$266.67M	$485.83M	$335.29M	$307.83M	$952.78M	$360.07M	$138.42M	$65.31M	$132.99M	$23.82M	—	—
EPS (Basic) USD/shares	-13.6%	-8.5%	-11.3%	—	$2.37	$2.93	-$0.90	$3.68	$4.90	$3.69	$2.57	$4.43	$2.09	$3.11	$7.87	$3.49	$1.33	$0.72	$1.48	$1.68	-$1.68	$0.06
EPS (Diluted) USD/shares	-14.8%	-9.3%	-11.5%	—	$2.17	$2.68	-$0.90	$3.51	$4.63	$3.54	$2.44	$4.06	$1.91	$2.92	$7.40	$3.20	$1.21	$0.65	$1.36	$1.36	-$1.68	$0.06
Shares Outstanding (Basic Avg) shares	+0.6%	-1.8%	-2.5%	—	97.48M	93.14M	88.99M	95.66M	106.04M	106.86M	110.19M	119.01M	121.57M	124.77M	125.37M	122.35M	120.85M	116.95M	118.03M	104.41M	78.31M	60.87M
Shares Outstanding (Diluted Avg) shares	+1.7%	-1.3%	-2.2%	—	106.34M	102.39M	88.99M	101M	113.67M	113.48M	116.08M	129.77M	132.48M	132.63M	133.24M	133.81M	133.74M	129.33M	137.63M	138.47M	78.31M	60.87M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $4.63B in buybacks, $3.28B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Capital Markets median 10.49×

EV/EBIT

—

P/E (TTM)

17.27×

Capital Markets median 19.34×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Financial Advisory Segment	$1,834,303,000	$1,756,183,000	$1,385,357,000	$1,666,156,000	$1,764,509,000	$1,420,501,000	$1,374,036,000	$1,555,526,000
Asset Management Segment	$1,274,726,000	$1,186,977,000	$1,151,496,000	$1,204,927,000	$1,424,985,000	$1,167,466,000	$1,237,390,000	$1,331,801,000
Corporate	-$10,182,000	$108,677,000	-$21,364,000	-$97,512,000	—	—	—	—

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Americas	$1,622,574,000	$1,536,298,000	$1,193,056,000	$1,487,056,000	$1,780,815,000	$1,530,100,000	$1,544,063,000	$1,615,736,000
EMEA	$1,295,593,000	$1,360,784,000	$1,162,052,000	$1,136,636,000	$1,251,058,000	$885,924,000	$873,007,000	$1,022,994,000
Asia Pacific	$180,680,000	$154,755,000	$160,381,000	$149,879,000	$161,175,000	$150,114,000	$169,703,000	$187,622,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Financial Advisory Fees	$1,820,148,000	$1,747,198,000	$1,383,799,000	$1,659,079,000	$1,786,472,000	$1,418,050,000	$1,371,420,000	$1,554,114,000
Asset Management1	$1,196,035,000	$1,115,014,000	$1,077,753,000	$1,125,955,000	$1,354,622,000	$1,117,419,000	$1,180,857,000	$1,268,399,000
Other Types of Revenue	—	—	—	—	—	—	$98,894,000	—

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Asset Management Segment	$139,922,000	$241,287,000	$392,160,000	$306,435,000	$349,868,000	$419,691,000	$444,950,000
Financial Advisory Segment	-$104,505,000	$361,441,000	$407,942,000	$289,651,000	$148,241,000	$356,719,000	$244,096,000

Operating Margin by Segment (%)

Component	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Financial Advisory Segment	-7.5%	21.7%	23.1%	20.4%	10.8%	22.9%
Asset Management Segment	12.2%	20%	27.5%	26.2%	28.3%	31.5%

Key facts CIK 1311370 CUSIP 52110M109 13F (30d) 48 filings 48 filers Visit website Investor relations