For the quarter ending 2025-09-30, LAZ made $770,764,000 in revenue. $71,247,000 in net income. Net profit margin of 9.24%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 770,764,000 | 817,160,000 | 669,164,000 | 812,249,500 |
| Interest expense | 22,686,000 | 21,163,000 | 21,113,000 | 21,808,333.333 |
| Net revenue | 748,078,000 | 795,997,000 | 648,051,000 | 790,811,000 |
| Compensation and benefits | 498,212,000 | 519,208,000 | 430,270,000 | 542,623,500 |
| Benefit pursuant to tax receivable agreement | - | - | - | -2,745,666.667 |
| Occupancy and equipment | 31,908,000 | 33,703,000 | 35,413,000 | 33,327,500 |
| Marketing and business development | 26,085,000 | 29,593,000 | 27,731,000 | 26,085,500 |
| Technology and information services | 48,862,000 | 49,272,000 | 46,216,000 | 46,245,000 |
| Professional services | 20,951,000 | 24,589,000 | 18,837,000 | 21,917,000 |
| Fund administration and outsourced services | 32,390,000 | 30,054,000 | 26,545,000 | 26,031,500 |
| Benefit pursuant to tax receivable agreement | 20,146,000 | - | - | - |
| Other | 14,886,000 | 16,497,000 | 8,404,000 | 17,937,500 |
| Total operating expenses | 653,148,000 | 702,916,000 | 593,416,000 | 709,988,500 |
| Operating income | 94,930,000 | 93,081,000 | 54,635,000 | 80,822,500 |
| Provision for income taxes | 21,430,000 | 31,764,000 | -7,354,000 | 21,562,500 |
| Net income | 73,500,000 | 61,317,000 | 61,989,000 | 59,260,000 |
| Less - net income attributable to noncontrolling interests | 2,253,000 | 5,971,000 | 1,614,000 | -1,772,500 |
| Net income attributable to lazard | 71,247,000 | 55,346,000 | 60,375,000 | 61,032,500 |
| Basic (in shares) | 98,112,393 | 97,534,319 | 95,255,423 | -46,687,244 |
| Basic (in usd per share) | 0.71 | 0.56 | 0.61 | 0.635 |
| Diluted (in shares) | 108,001,762 | 104,911,633 | 104,828,753 | -50,855,465 |
| Diluted (in usd per share) | 0.65 | 0.52 | 0.56 | 0.585 |
Lazard, Inc. (LAZ)
Lazard, Inc. (LAZ)