Key Takeaways Lazard posted Q4 adjusted EPS of 80 cents, topping estimates, as net revenues rose 10% y/y.LAZ saw Financial Advisory revenues rise 7% and Asset Management revenues climb 18% on stronger deal activity.Lazard's AUM rose 12% y/y, while higher compensation drove a 16% increase in operating expenses.Shares of Lazard Inc.’s (LAZ) gained 2.2% in yesterday’s trading session on better-than-expected quarterly results. Its fourth quarter 2025 adjusted earnings per share of 80 cents beat the Zacks Consen ...

Lazard (LAZ) reported $892.11 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.8%. EPS of $0.80 for the same period compares to $0.78 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $810.16 million, representing a surprise of +10.12%. The company delivered an EPS surprise of +18.08%, with the consensus EPS estimate being $0.68.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Lazard (NYSE:LAZ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Company ParticipantsAlexandra Deignan - Head of Investor Relations and TreasuryBrendan O’Brien - Senior VPChris Hogbin - CEO of Asset ManagementDaniel Cocchiara - Equity Research Associate of North American BanksDevin Ryan - Director of Financial Technology ResearchJames Yaro - Managing Director of Equity ResearchMary Ann Betsch - CFOPeter Orszag - CEO and ChairmanRyan Kenny - Executive Director of Equity ResearchConference Call Participan ...

Lazard (NYSE:LAZ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Company ParticipantsAlexandra Deignan - Head of Investor Relations and TreasuryBrendan O’Brien - Senior VPChris Hogbin - CEO of Asset ManagementDaniel Cocchiara - Equity Research Associate of North American BanksDevin Ryan - Director of Financial Technology ResearchJames Yaro - Managing Director of Equity ResearchMary Ann Betsch - CFOPeter Orszag - CEO and ChairmanRyan Kenny - Executive Director of Equity ResearchConference Call Participan ...

Lazard (NYSE:LAZ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Speaker8Good morning, and welcome to Lazard's fourth quarter and full year 2025 earnings conference call. This call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question-and-answer session. Instructions will be provided at that time. If anyone should require assistance during the call, please press the star key followed by zero on your telephone keypad. At this time, I w ...

LAZARD JANUARY 2026 Investor Presentation Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward- looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "could," ...

Lazard beat fourth-quarter profit estimates on Thursday, fueled by strong growth in its advisory and asset management businesses, while the investment bank named insider Tracy Farr as chief financia... ...

Financial Performance - Lazard reported fourth-quarter 2025 net revenue of $907 million, an 11% increase from $817 million in Q4 2024, and full-year net revenue of $3,099 million, a 2% increase from $3,052 million in 2024[2]. - Financial Advisory segment achieved fourth-quarter net revenue of $542 million, a 4% increase year-over-year, and full-year net revenue of $1,834 million, also a 4% increase from 2024[4]. - Asset Management reported fourth-quarter net revenue of $367 million, an 18% increase from Q4 2024, and full-year net revenue of $1,275 million, a 7% increase from 2024[10]. - Total revenue for Q4 2025 reached $929,378,000, representing a 21% increase year-over-year and an 11% increase from Q3 2025[29]. - Net revenue for the year ended December 31, 2025, reached $3,029,813, a 5% increase from $2,889,554 in 2024[38]. Income and Earnings - Adjusted net income for Q4 2025 was $89 million, a 5% increase from $85 million in Q4 2024, while full-year adjusted net income was $266 million, a 9% increase from $244 million in 2024[2]. - Basic net income per share for Q4 2025 was $0.49, down 31% from $0.71 in Q4 2024[29]. - Adjusted net income increased by 9% to $266,364 compared to $244,110 in the previous year[38]. - Adjusted diluted net income per share rose to $2.44, reflecting a 4% increase from $2.34 in 2024[38]. Assets and Management - Assets Under Management (AUM) reached $254 billion as of December 31, 2025, a 12% increase from $226 billion in 2024[10]. - Average AUM for Q4 2025 was $261 billion, a 12% increase year-over-year, and for the full year, it was $247 billion, a 2% increase from 2024[10]. - Total assets as of December 31, 2025, were $4,940,734,000, an increase from $4,793,993,000 in 2024[33]. Expenses and Ratios - Operating expenses for the year ended December 31, 2025, totaled $2,771,249,000, a 4% increase from 2024[31]. - The adjusted compensation ratio for Q4 2025 was 65.5%, slightly down from 65.6% in Q4 2024, with a full-year adjusted compensation ratio of 65.5% compared to 65.9% in 2024[11]. - Compensation and benefits expenses for Q4 2025 were $637,694,000, a 28% increase compared to Q4 2024[29]. - Adjusted compensation and benefits expense for 2025 was $1,985 million, up 4% from $1,903 million in 2024[41]. - The effective tax rate decreased to 22.7% from 24.4% in 2024[38]. Shareholder Returns - Lazard returned $98 million to shareholders in Q4 2025, including $47 million in dividends and $50 million in stock repurchases[14]. Leadership and Strategy - The company appointed Tracy Farr as Chief Financial Officer, indicating a focus on leadership and strategic direction[1]. - Lazard's CEO highlighted strong client demand for contextual alpha, positioning the company for substantial growth opportunities ahead[1].