laz: the income statement

MyFinsight

Lazard, Inc. (LAZ)

For the quarter ending 2025-06-30, LAZ made $817,160K in revenue. $55,346K in net income. Net profit margin of 6.77%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Interest expense	21,163	21,113	22,548	-
Asset management segment	-	2,447	-	-
Financial advisory segment	-	1,197	-	-
Corporate	-	8,018	-	-
Total revenue	817,160	669,164	807,414	707,991
Interest expense	-	-	-	22,642
Net revenue	795,997	648,051	784,866	685,349
Benefit pursuant to tax receivable agreement	-	-	-	-
Amortization and other acquisition-related costs	-	-	53	68
Professional services	24,589	18,837	19,541	23,734
Other	16,497	8,404	10,025	14,303
Occupancy and equipment	33,703	35,413	34,249	32,031
Marketing and business development	29,593	27,731	21,782	25,493
Compensation and benefits	519,208	430,270	465,405	452,560
Technology and information services	49,272	46,216	44,628	46,406
Fund administration and outsourced services	30,054	26,545	27,996	27,114
Total operating expenses	702,916	593,416	623,679	621,709
Operating income	93,081	54,635	161,187	63,640
Provision for income taxes	31,764	-7,354	45,052	11,587
Net income	61,317	61,989	116,135	52,053
Less - net income attributable to noncontrolling interests	5,971	1,614	8,197	2,144
Net income attributable to lazard	55,346	60,375	107,938	49,909

Basic (in shares)	97,534,319	95,255,423	93,627,476	92,886,364
Basic (in usd per share)	0.56	0.61	1.13	0.53
Diluted (in shares)	104,911,633	104,828,753	103,475,234	100,627,867
Diluted (in usd per share)	0.52	0.56	1.02	0.49

Unit: Thousand (K) dollars (except for numbers of shares and EPS)