Lazard Inc logo

Lazard Inc

LAZ

NYSEFinancial ServicesFinancial - Capital Markets

Regular session

$44.01

−$0.14 · -0.32%

Aug 24, 12:29 PM ET

LAZ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

52

Fair Value

Momentum

31

Weakening

Sentiment

59

Mixed

Risk resilience

44

Elevated Risk

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Company profile

Company website

Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers and retail; financial institutions; financial sponsors; healthcare and life sciences; industrials; media, entertainment, and sports; power, energy, and infrastructure; real estate; technology; and telecom and digital infrastructure. The Asset Management segment offers a range of investment solutions; 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. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Peter R. Orszag
Listed since
May 5, 2005
Employees
3,279

Market position

Day range

Current $44.01

52-week range

Current $44.01

Open
$44.34
Previous close
$44.15
Volume
252.44K
0.13× average
Average volume
1.9M
Average daily volume
Market cap
4.29B USD
Beta
1.42
Market reference 1
50-day average
$42.918
+2.54% above average
200-day average
$47.0967
-6.55% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.81B USD
P/E (TTM)
19.24×
P/B (TTM)
4.88×
P/S (TTM)
1.3×
EV / EBITDA
12.92×
Earnings yield
5.00%
Free cash flow yield
10.67%
Dividend yield
4.54%

Profitability & efficiency

Gross margin
47.23%
Operating margin
10.47%
Net margin
6.89%
Return on equity
27.11%
Return on assets
4.79%
Return on invested capital
8.76%

Financial health

Debt / equity
2.35×
Current ratio
29.35×
Altman Z-score
2.63
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%28%10%-8%Gross margin, FY2021: 41.99%Gross margin, FY2022: 41.38%Gross margin, FY2023: 23.72%Gross margin, FY2024: 35.09%Gross margin, FY2025: 31.79%Operating margin, FY2021: 22.15%Operating margin, FY2022: 18.29%Operating margin, FY2023: -3.13%Operating margin, FY2024: 12.52%Operating margin, FY2025: 13.03%Net margin, FY2021: 16.16%Net margin, FY2022: 12.65%Net margin, FY2023: -2.96%Net margin, FY2024: 9.07%Net margin, FY2025: 7.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.99%. Gross margin FY2022 41.38%. Gross margin FY2023 23.72%. Gross margin FY2024 35.09%. Gross margin FY2025 31.79%. Operating margin FY2021 22.15%. Operating margin FY2022 18.29%. Operating margin FY2023 -3.13%. Operating margin FY2024 12.52%. Operating margin FY2025 13.03%. Net margin FY2021 16.16%. Net margin FY2022 12.65%. Net margin FY2023 -2.96%. Net margin FY2024 9.07%. Net margin FY2025 7.43%.

Income trends

Revenue

3.19B USD+3.25%

Operating income

415.32M USD+7.46%

Net income

236.83M USD-15.39%
Income trends across reported periods3.6B USD2.26B USD924.51M USD−414.78M USDRevenue, FY2021: 3.27B USDRevenue, FY2022: 2.83B USDRevenue, FY2023: 2.55B USDRevenue, FY2024: 3.09B USDRevenue, FY2025: 3.19B USDOperating income, FY2021: 723.85M USDOperating income, FY2022: 516.85M USDOperating income, FY2023: −79.96M USDOperating income, FY2024: 386.47M USDOperating income, FY2025: 415.32M USDNet income, FY2021: 528.06M USDNet income, FY2022: 357.52M USDNet income, FY2023: −75.48M USDNet income, FY2024: 279.91M USDNet income, FY2025: 236.83M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.27B USD. Revenue FY2022 2.83B USD. Revenue FY2023 2.55B USD. Revenue FY2024 3.09B USD. Revenue FY2025 3.19B USD. Operating income FY2021 723.85M USD. Operating income FY2022 516.85M USD. Operating income FY2023 −79.96M USD. Operating income FY2024 386.47M USD. Operating income FY2025 415.32M USD. Net income FY2021 528.06M USD. Net income FY2022 357.52M USD. Net income FY2023 −75.48M USD. Net income FY2024 279.91M USD. Net income FY2025 236.83M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.19B USD3.09B USD2.55B USD2.83B USD3.27B USD
Cost of goods sold2.17B USD2B USD1.95B USD1.66B USD1.9B USD
Gross profit1.01B USD1.08B USD605.13M USD1.17B USD1.37B USD
Selling, general, and administrative118.49M USD426.66M USD430.66M USD384.87M USD379M USD
Operating expenses597.78M USD696.62M USD685.09M USD652.34M USD648.56M USD
Interest income38.49M USD53.6M USD42.02M USD29.46M USD5.55M USD
Interest expense87.62M USD88.07M USD77.67M USD81.52M USD80.77M USD
Depreciation and amortization34.19M USD36.52M USD43.19M USD42.34M USD38.38M USD
Operating income415.32M USD386.47M USD−79.96M USD516.85M USD723.85M USD
Net income236.83M USD279.91M USD−75.48M USD357.52M USD528.06M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+19.90%
11 comparable reports
Latest EPS result
0.12
Estimate 0.34 · Miss by 64.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.850.60.350.1Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 0.78, estimate 0.69, surprise +13.04%, Beat. Q2 2025, reported Apr 25, 2025: actual 0.56, estimate 0.29, surprise +93.10%, Beat. Q3 2025, reported Jul 24, 2025: actual 0.52, estimate 0.38, surprise +36.84%, Beat. Q4 2025, reported Oct 23, 2025: actual 0.56, estimate 0.444, surprise +26.04%, Beat. Q1 2026, reported Jan 29, 2026: actual 0.8, estimate 0.68, surprise +17.65%, Beat. Q2 2026, reported May 1, 2026: actual 0.42, estimate 0.52, surprise -19.23%, Miss. Q3 2026, reported Jul 23, 2026: actual 0.12, estimate 0.338, surprise -64.52%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates942.99M835.74M728.49M621.23MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 824.74M USD, estimate 722.64M USD, surprise +14.13%, Beat. Q2 2025, reported Apr 25, 2025: actual 657.5M USD, estimate 693.44M USD, surprise -5.18%, Miss. Q3 2025, reported Jul 24, 2025: actual 807.95M USD, estimate 739.91M USD, surprise +9.20%, Beat. Q4 2025, reported Oct 23, 2025: actual 782.43M USD, estimate 726.25M USD, surprise +7.74%, Beat. Q1 2026, reported Jan 29, 2026: actual 906.72M USD, estimate 821.73M USD, surprise +10.34%, Beat. Q2 2026, reported May 1, 2026: actual 673M USD, estimate 707.42M USD, surprise -4.87%, Miss. Q3 2026, reported Jul 23, 2026: actual 786.47M USD, estimate 736.29M USD, surprise +6.81%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 841.84M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$45.00

2.25% upside
Past 12 months12-month forecastHigh $52.00Average $45.00Low $40.00

Rating distribution

29 ratings
Strong buy13%
Buy1241%
Hold1241%
Sell414%
Strong sell00%

Recent analyst actions

9 institutions
Argus ResearchmaintainBuy
CitizensmaintainMarket Outperform

LAZ news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.00

2025 complete year+6.4% since 2021

2026 partial: $1.50

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 3, 2026

$0.50

Quarterly

Record Aug 3, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend May 11, 2026

$0.50

Quarterly

Record May 11, 2026 · Payment May 22, 2026

Dividend

Ex-dividend Feb 9, 2026

$0.50

Quarterly

Record Feb 9, 2026 · Payment Feb 20, 2026

Dividend

Ex-dividend Nov 3, 2025

$0.50

Quarterly

Record Nov 3, 2025 · Payment Nov 14, 2025

Dividend

Ex-dividend Aug 4, 2025

$0.50

Quarterly

Record Aug 4, 2025 · Payment Aug 15, 2025

Dividend

Ex-dividend May 5, 2025

$0.50

Quarterly

Record May 5, 2025 · Payment May 16, 2025

LAZ peers

ETFs holding LAZ

Funds reporting this stock among their holdings, ordered by reported position size.

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