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Companies / Financials / Lazard, Inc.
LAZ

Lazard, Inc.

FinancialsBanks & Brokers
Ticker LAZNEW YORK, NYFiscal year ends DecemberBook value per share $8.54Diluted shares 107.1M

Lazard, Inc. (NYSE: LAZ) operates as a global financial advisory and asset management firm founded in 1848, with its website at www.lazard.com. The company converted from a Bermuda-incorporated entity to a Delaware C-Corporation on January 1, 2024, maintaining continuity in its operations and shareholder base through… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.19BFY2025
+1.5% year over year
Last 12 mo $3.31B
10.28%FY2025
−2 percentage points
Last 12 mo 9.28%
$251.02MFY2025
−12.4% year over year
Last 12 mo $242.01M
27.11%FY2025
−22.6 percentage points
Last 12 mo 24.81%
Cash & financing
$519.33MFY2025
−30.1% year over year
Last 12 mo $671.31M
$487.38MFY2025
−30.1% year over year
Last 12 mo $658.76M
1.93FY2025
Was 2.65× a year earlier
Last 12 mo 1.85
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) operates as a global financial advisory and asset management firm founded in 1848, with its website at www.lazard.com. The company converted from a Bermuda-incorporated entity to a Delaware C-Corporation on January 1, 2024, maintaining continuity in its operations and shareholder base through a one-to-one share conversion.

The firm operates through two primary business segments: Financial Advisory and Asset Management. The Financial Advisory segment provides mergers and acquisitions advisory, capital markets and capital solutions, restructuring and liability management, shareholder advisory, sovereign advisory, geopolitical advisory, and strategic consulting services to corporations, partnerships, institutions, governments, and high net worth individuals globally. This segment generated approximately 83% of net revenue and employed 216 managing directors alongside 1,358 other professionals and support staff as of December 31, 2025. The company served 346 clients generating at least one million dollars in fees, with the ten largest clients representing approximately 17% of Financial Advisory segment revenue.

The Asset Management segment manages a broad range of global investment solutions across equity, fixed income, cash management, and alternative investment strategies. As of December 31, 2025, the segment managed approximately 82% of assets on behalf of institutional and intermediary clients, with the remaining 18% serving individual relationships including family offices and high net worth individuals. This segment employed 124 managing directors and 1,160 other professionals and support staff.

Lazard maintains a substantial global footprint with major offices in New York, London, and Paris, complemented by operations across North and South America, Europe, the Middle East, Asia, and Australia. The company employed 3,309 full-time people as of December 31, 2025, with an additional 22 managing directors and 429 professionals in its Corporate segment.

The firm differentiates itself through its emphasis on independent advice, global reach combined with deep local knowledge, and senior-level client engagement. Lazard competes on factors including industry expertise, transaction execution capabilities, investment performance, client relationships, brand recognition, and the absence of conflicts inherent in its independent advisory model.

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
$-394.01M$616.10M$1.63B$2.64B$3.65B2013201420152016201720182019202020212022202320242025Last 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

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