Lazard, Inc.
LAZNYSE
$43.16
↓ -0.7%Jul 17 close · end-of-day
Price
1Y↓ -14.6%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$4.6B
Enterprise Value
$5.3B
P/E
17.1
P/S
1.4
P/B
5.2
EV/EBITDA
13.3
PEG
—
FCF Yield
10.8%
Dividend Yield
4.6%
Revenue (TTM)
$3.3B
Net Income (TTM)
$277.5M
Free Cash Flow (TTM)
$497.3M
Gross Margin
—
Operating Margin
11.0%
Net Margin
8.4%
ROE
31.5%
ROIC
18.5%
Debt / Equity
1.9
Net Cash
-$668.1M
Return 1Y
-17.1%
Company profile
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, and other strategic advisory matters. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies.
- CEO
- Kenneth M. Jacobs
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Trading
- Employees
- 3,400
- Headquarters
- New York
- Website
- lazard.com
Management & directors
- Hogbin ChristopherCEO Asset Management
- Orszag Peter RichardCEO & Chairman
- Farr TracyChief Financial Officer
- Gathy MichaelChief Accounting Officer
- Soto AlexandraChief Operating Officer
- Russo Evan LCEO of Asset Management
Roles derived from SEC Form 4 filings.
Earnings
LAZ Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$779.4M↑ +16.5%
Diluted EPS$0.91↑ +62.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | $3.3B | $2.9B | $2.6B | $3.1B | $3.2B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $502.1M | $723.8M | $516.8M | -$80.0M | $386.5M | $327.6M |
| Net income | $402.5M | $528.0M | $358.0M | -$75.0M | $280.0M | $237.0M |
| Diluted EPS | $3.54 | $4.63 | $3.51 | -$0.90 | $2.68 | $2.17 |
| Operating cash flow | $575.9M | $866.1M | $834.0M | $164.7M | $742.8M | $519.3M |
| Free cash flow | $511.6M | $826.4M | $784.5M | $136.4M | $697.3M | $487.4M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 19.0% | 22.1% | 18.1% | -3.1% | 12.3% | 10.3% |
| Net margin | 15.2% | 16.1% | 12.5% | -2.9% | 8.9% | 7.4% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $708.0M | $807.4M | $839.0M | $669.2M | $817.2M | $770.8M | $929.4M | $779.4M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $63.6M | $161.2M | $107.1M | $54.6M | $93.1M | $94.9M | $85.0M | $89.6M |
| Net income | $49.9M | $107.9M | $86.4M | $60.4M | $55.3M | $71.2M | $50.0M | $100.9M |
| Diluted EPS | $0.49 | $1.02 | $0.82 | $0.56 | $0.52 | $0.65 | $0.44 | $0.91 |
| Operating cash flow | $176.2M | $293.7M | $362.9M | -$217.5M | $49.7M | $287.5M | $399.7M | -$219.3M |
| Free cash flow | $169.8M | $276.2M | $348.0M | -$231.3M | $38.0M | $284.6M | $396.1M | -$221.5M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 9.0% | 20.0% | 12.8% | 8.2% | 11.4% | 12.3% | 9.1% | 11.5% |
| Net margin | 7.0% | 13.4% | 10.3% | 9.0% | 6.8% | 9.2% | 5.4% | 12.9% |
Company news
Jul 16, 2026
Jul 15, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-03-19 | Hogbin Christopher· CEO Asset Management | Sale | 3,944 | $39.37 | $155,275.28 | filing |
| 2026-03-18 | Hogbin Christopher· CEO Asset Management | Sale | 7,885 | $40.37 | $318,317.45 | filing |
| 2026-03-17 | Orszag Peter Richard· CEO & Chairman | Sale | 67,170 | $40.73 | $2.7M | filing |
| 2026-03-17 | Hogbin Christopher· CEO Asset Management | Tax withholding | 24,674 | $40.06 | $988,440.44 | filing |
| 2026-03-17 | Orszag Peter Richard· CEO & Chairman | Sale | 2,000 | $41.66 | $83,318.60 | filing |
| 2026-03-17 | Hogbin Christopher· CEO Asset Management | Option exercise | 48,332 | — | — | filing |
| 2026-03-16 | Orszag Peter Richard· CEO & Chairman | D | 41,502 | $40.82 | $1.7M | filing |
| 2026-03-16 | Orszag Peter Richard· CEO & Chairman | Option exercise | 138,340 | — | — | filing |
| 2026-03-02 | Soto Alexandra· Chief Operating Officer | Tax withholding | 30,430 | $50.60 | $1.5M | filing |
| 2026-03-02 | Farr Tracy· Chief Financial Officer | Tax withholding | 3,014 | $50.60 | $152,508.40 | filing |
| 2026-03-02 | Gathy Michael· Chief Accounting Officer | Tax withholding | 813 | $50.60 | $41,137.80 | filing |
| 2026-03-02 | Gathy Michael· Chief Accounting Officer | Option exercise | 2,251 | — | — | filing |
| 2026-03-02 | Farr Tracy· Chief Financial Officer | Option exercise | 5,903 | — | — | filing |
| 2026-03-02 | Soto Alexandra· Chief Operating Officer | Option exercise | 64,743 | — | — | filing |
| 2025-09-16 | Orszag Peter Richard· CEO & Chairman | Sale | 32,475 | $54.09 | $1.8M | filing |
| 2025-09-15 | Orszag Peter Richard· CEO & Chairman | D | 19,485 | $55.59 | $1.1M | filing |
| 2025-09-15 | Orszag Peter Richard· CEO & Chairman | Option exercise | 64,949 | — | — | filing |
| 2025-09-11 | Russo Evan L· CEO of Asset Management | Sale | 50,000 | $56.95 | $2.8M | filing |
| 2025-09-10 | Russo Evan L· CEO of Asset Management | Sale | 25,000 | $55.71 | $1.4M | filing |
| 2025-09-10 | Gathy Michael· Chief Accounting Officer | Sale | 617 | $55.37 | $34,163.29 | filing |
| 2025-09-09 | Russo Evan L· CEO of Asset Management | Gift | 15,000 | $0.00 | $0.00 | filing |
Latest 21 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.