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Companies / Financials / Lazard, Inc.
LAZ

Lazard, Inc.

FinancialsBanks & Brokers
Ticker LAZNEW YORK, NYFiscal year ends DecemberBook value per share $8.86Diluted shares 107.1M

Lazard, Inc. (NYSE: LAZ) is a global financial advisory and asset management firm serving corporations, institutions, governments, sovereign entities, partnerships, family offices and high net worth individuals. Its Financial Advisory business provides advice on mergers and acquisitions, capital solutions,… From the company’s description.

In fiscal 2025, Lazard, Inc. reported revenue of $3.19B, up 1.5% from fiscal 2024, and net income of $251.02M. Its pre-tax margin was 10.3%. Over the twelve months to Sep 30, 2026, revenue was $3.38B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$3.19BFY2025
+1.5% year over year
Last 12 mo $3.38B
10.28%FY2025
−2 percentage points
Last 12 mo 7.91%
$251.02MFY2025
−12.4% year over year
Last 12 mo $198.18M
27.11%FY2025
−22.6 percentage points
Last 12 mo 19.47%
Cash & financing
$519.33MFY2025
−30.1% year over year
Last 12 mo $700.29M
$487.38MFY2025
−30.1% year over year
Last 12 mo $684.97M
1.93FY2025
Was 2.65× a year earlier
Last 12 mo 1.78
106.3MFY2025
+3.9% year over year
Last 12 mo 107.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lazard, Inc. does

In the company’s own words

Lazard, Inc. (NYSE: LAZ) is a global financial advisory and asset management firm serving corporations, institutions, governments, sovereign entities, partnerships, family offices and high net worth individuals. Its Financial Advisory business provides advice on mergers and acquisitions, capital solutions, restructuring and liability management, capital raising, shareholder matters, geopolitics and other strategic issues. Its Asset Management business offers equity, fixed-income, cash management, asset allocation, alternative investment and private equity strategies, along with investment and wealth management services. The firm operates through these two principal business segments, supported by a Corporate segment. Founded in 1848, Lazard has a global presence across the Americas, Europe, the Middle East, Asia and Australia. At December 31, 2025, it employed 3,309 full-time people and managed assets for institutional and intermediary clients as well as individuals. Its website is http://www.lazard.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1311370
SIC
6282

Financial performance, year by year

Fiscal 2013–2025 · USD
$-400.57M$629.23M$1.66B$2.69B$3.72B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lazard, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

326
funds hold it
0 of 35
superinvestors hold it
$2.27B
held by funds, at market
46.2%
of shares held by funds
4
bond issues held by funds

Largest fund holders · Lazard, Inc.’s weight in each

T. Rowe Price Mid-Cap Value Fund, Inc.
TRMCX · T. ROWE PRICE MID-CAP VALUE FUND, INC.
1.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Low-Priced Stock Fund
FLPSX · Fidelity Puritan Trust
—of fund net assets
iShares Select Dividend ETF
DVY · iShares Trust
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Lazard, Inc.’s bonds, as funds hold them

Funds report holding 4 issues of Lazard, Inc.’s debt, $374.49M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.09%, maturing 2028 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Lazard, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Lazard, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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