| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 1,171,985 | 978,259 | ||
| Deposits with banks and short-term investments | 217,606 | 237,141 | ||
| Restricted cash | 33,452 | 32,908 | ||
| Fees | 613,714 | 578,535 | ||
| Customers and other | 160,968 | 176,260 | ||
| Receivables | 774,682 | 754,795 | ||
| Investments, at fair value | 605,080 | - | ||
| Equity method investments | 18,631 | - | ||
| Investments (including 45,226 pledged at september30, 2025) | 623,711 | 637,473 | ||
| Property, plant and equipment, gross | 500,822 | - | ||
| Less - accumulated depreciation and amortization | 327,537 | - | ||
| Property (net of accumulated amortization and depreciation of 327,537 and 332,840 at september30, 2025 and december31, 2024, respectively) | 173,285 | 176,240 | ||
| Operating lease right-of-use assets | 437,014 | 443,388 | ||
| Goodwill and other intangible assets (net of accumulated amortization of 67,711 at both september30, 2025 and december31, 2024) | 395,251 | 395,225 | ||
| Deferred tax assets | 473,879 | 492,254 | ||
| Other assets | 333,055 | 345,703 | ||
| Total assets | 4,633,920 | 4,493,386 | ||
| Deposits and other customer payables | 346,899 | 400,328 | ||
| Accrued compensation and benefits | 505,860 | 391,048 | ||
| Operating lease liabilities | 510,761 | 518,172 | ||
| Tax receivable agreement obligation | 55,680 | 75,826 | ||
| Senior debt | 1,687,281 | 1,688,631 | ||
| Deferred tax liabilities | 959 | 644 | ||
| Other liabilities | 569,336 | 548,675 | ||
| Total liabilities | 3,676,776 | 3,623,324 | ||
| Redeemable noncontrolling interests | 78,518 | 83,578 | ||
| Par value 0.01 per share (500,000,000 shares authorized 112,746,606 and 112,766,091 shares issued at september30, 2025 and december31, 2024, respectively, including shares held by subsidiaries) | 1,127 | 1,128 | ||
| Additional paid-in-capital | 293,012 | 225,058 | ||
| Retained earnings | 1,493,261 | 1,477,618 | ||
| Accumulated other comprehensive loss, net of tax | -272,950 | -268,903 | ||
| Stockholders' equity subtotal before common stock held by subsidiaries and noncontrolling interests, total | 1,514,450 | 1,434,901 | ||
| Common stock held by subsidiaries, at cost (17,868,792 and 22,467,315 shares at september30, 2025 and december31, 2024, respectively) | 672,928 | 693,298 | ||
| Total lazard stockholders equity | 841,522 | 741,603 | ||
| Noncontrolling interests | 37,104 | 44,881 | ||
| Total stockholders equity | 878,626 | 786,484 | ||
| Total liabilities, redeemable noncontrolling interests and stockholders equity | 4,633,920 | 4,493,386 | ||
Lazard, Inc. (LAZ)
Lazard, Inc. (LAZ)