FY2025 · ended Dec 31, 2025 · Revenue $3.19B, +1.5% YoY · Filed Feb 23, 2026
Lazard, Inc. (LAZ) files with the SEC under industry code 6282, Investment Advice. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.2 billion and net income of $236.8 million. Free cash flow was $487.4 million. As of Sep 30, 2026 it held $1.3 billion in cash and investments and $2.2 billion in total debt.
Revenue (TTM)
$3.38B
+9.0% vs year-ago TTM
Net income (TTM)
$184.75M
-32.4% vs year-ago TTM
Operating cash flow (TTM)
$700.29M
+45.1% vs year-ago TTM
Free cash flow (TTM)
$684.97M
+55.9% vs year-ago TTM
EPS (TTM)
$1.65
-34.5% vs year-ago TTM
Dividend per share (TTM)
$2.00
+0.0% vs year-ago TTM
Shares outstanding
111.73M
-0.9% vs prior year
Net cash
$-897.05M
as of Sep 30, 2026
Operating margin
7.9%
FY 2026
Company profile
- Industry
- Investment Advice (SIC 6282)
- Listed as
- LAZ (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1311370
- Former names
- Lazard Ltd (until Nov 29, 2023)
Other Investment Advice companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | $2.9B | $3.3B |
| Operating income | $327.6M | $386.5M | -$80.0M | $516.8M | $723.8M |
| Net income | $236.8M | $279.9M | -$75.5M | $357.5M | $528.1M |
| Diluted EPS | $2.17 | $2.68 | -$0.90 | $3.51 | $4.63 |
| Operating cash flow | $519.3M | $742.8M | $164.7M | $834.0M | $866.1M |
| Free cash flow | $487.4M | $697.3M | $136.4M | $784.5M | $826.4M |
| Total assets | $4.9B | $4.8B | $4.6B | $5.9B | $7.1B |
| Total liabilities | $4.0B | $4.0B | $4.1B | $4.6B | $5.5B |
| Stockholders' equity | $873.7M | $636.2M | $423.8M | $556.5M | $975.2M |
| Cash and investments | $1.5B | $1.3B | $971.3M | $1.2B | $1.5B |
| Total debt | $2.2B | $2.2B | $2.2B | $2.2B | $2.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Unregistered share sale, Regulation FD disclosure
|
Nov 2, 2026 | Nov 1, 2026 |
| 10-Q | Quarterly report | Oct 26, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 22, 2026 | Oct 22, 2026 |
| 8-K |
Current report
Officer or director change
|
Oct 13, 2026 | Oct 12, 2026 |
| 10-Q | Quarterly report | Jul 28, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 23, 2026 | Jul 23, 2026 |
All 1004 Lazard, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.