Lazard (LAZ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Lazard reported $892.11 million in revenue for Q4 2025, a year-over-year increase of 9.8%, with an EPS of $0.80 compared to $0.78 a year ago, exceeding the Zacks Consensus Estimate of $810.16 million by 10.12% [1] Financial Performance - The company delivered an EPS surprise of 18.08%, with the consensus EPS estimate being $0.68 [1] - Adjusted net revenue for Asset Management was $338.59 million, surpassing the average estimate of $316.2 million, representing a year-over-year change of 17.9% [4] - Adjusted net revenue for Financial Advisory was $541.63 million, exceeding the average estimate of $483.88 million, with a year-over-year change of 6.7% [4] - Adjusted net revenue for Corporate was $11.89 million, compared to the estimated $10.07 million, but showed a significant decline of 32.2% year-over-year [4] Assets Under Management - Total Equity assets under management were $199.26 billion, below the average estimate of $203.57 billion [4] - Total Fixed Income assets under management were $45.64 billion, compared to the average estimate of $48.09 billion [4] - Net Flows were reported at -$19.71 billion, worse than the estimated -$11.19 billion [4] - End of Period assets under management totaled $254.30 billion, below the average estimate of $260.69 billion [4] Stock Performance - Lazard shares returned 10.8% over the past month, outperforming the Zacks S&P 500 composite's 0.9% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]