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LAZ

Lazard, Inc.

Price Chart
Latest Quote

$40.62

+0.13 (+0.32%)
Current Price
Previous Close $40.49
Open $40.78
Day High $41.69
Day Low $40.21
Volume 1,312,901
Fetched: 2026-06-25T20:19:28
Stock Information
Quarterly Dividend / Yield $2.00 / 4.94%
Shares Outstanding 98.44M
Quarterly Dividend Yield 4.94%
Quarterly Dividend $2.00
Total Debt $2.30B
Cash Equivalents $1.03B
Revenue $3.20B
Net Income $269.93M
Sector Financial Services
Industry Capital Markets
Market Cap $4.00B
P/E Ratio 16.12
EPS (TTM) $2.52
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$5.33B
Sales$3.20B
Income$269.93M
Book/sh$8.95
Cash/sh$10.42
Employees3K
Financial Ratios
Quick Ratio7.55
Current Ratio8.45
Debt/Eq240.85
EPS Growth TTM67.10%
Returns & Margins
ROA6.84%
ROE34.35%
Gross Margin89.86%
Operating Margin13.75%
Profit Margin8.67%
Ownership
Insider Ownership0.84%
Institutional Ownership96.55%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E9.14
PEG1.00
P/S1.25
P/B4.54
Analyst Data
Recommendationhold
Target Price$51.62
Technical Indicators
SMA20$45.01
SMA50$46.11
SMA200$48.11
RSI30.74
ATR2.7354
Shares Float97.57M
Short Float4.52%
Short Ratio2.99
Volatility1.41
Rel Volume0.42
Performance History
Week-5.97%
Month-16.97%
Quarter+0.36%
6 Months-17.38%
YTD-16.74%
Year-9.49%
3 Years+42.95%
5 Years+17.27%
10 Years+155.05%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-25 $40.62 1,312,901
2026-06-24 $40.49 2,645,000
2026-06-23 $42.31 3,147,900
2026-06-22 $43.65 3,260,000
2026-06-18 $44.30 18,694,900
2026-06-17 $43.20 2,966,900
2026-06-16 $44.90 2,417,100
2026-06-15 $44.06 3,063,800
2026-06-12 $43.72 3,112,000
2026-06-11 $42.92 3,246,000
2026-06-10 $41.36 5,171,600
2026-06-09 $47.30 2,088,500
2026-06-08 $45.74 4,355,000
2026-06-05 $46.36 1,872,600
2026-06-04 $48.55 817,500
2026-06-03 $47.08 941,100
2026-06-02 $48.79 1,116,000
2026-06-01 $48.56 629,200
2026-05-29 $47.33 1,253,500
2026-05-28 $48.93 786,700
2026-05-27 $48.14 560,200
2026-05-26 $48.92 955,200
About Lazard, Inc.

Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers and retail; financial institutions; financial sponsors; healthcare and life sciences; industrials; media, entertainment, and sports; power, energy, and infrastructure; real estate; technology; and telecom and digital infrastructure. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $2,085,384,000 $2,003,212,000 $1,946,010,000 $1,656,451,000
Cost Of Revenue $2,085,384,000 $2,003,212,000 $1,946,010,000 $1,656,451,000
Total Revenue $3,147,974,000 $3,086,300,000 $2,551,140,000 $2,825,636,000
Operating Revenue $3,016,183,000 $2,862,212,000 $2,461,552,000 $2,785,034,000
Expenses
Interest Expense $87,619,000 $88,067,000 $77,673,000 $81,522,000
Total Expenses $2,771,249,000 $2,665,365,000 $2,595,446,000 $2,256,723,000
Rent Expense Supplemental $132,603,000 $132,935,000 $131,117,000 $122,251,000
Net Non Operating Interest Income Expense $-49,127,000 $-34,463,000 $-35,651,000 $-52,065,000
Interest Expense Non Operating $87,619,000 $88,067,000 $77,673,000 $81,522,000
Operating Expense $685,865,000 $662,153,000 $649,436,000 $600,272,000
Other Operating Expenses $224,625,000 $235,490,000 $218,776,000 $215,405,000
Selling And Marketing Expense $118,486,000 $99,446,000 $99,357,000 $83,103,000
General And Administrative Expense $342,754,000 $327,217,000 $331,303,000 $301,764,000
Other Income Expense - - - -
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $236,831,000 $279,912,000 $-75,479,000 $357,517,000
Net Interest Income $-49,127,000 $-34,463,000 $-35,651,000 $-52,065,000
Interest Income $38,492,000 $53,604,000 $42,022,000 $29,457,000
Normalized Income $236,831,000 $279,912,000 $-75,479,000 $357,517,000
Net Income From Continuing And Discontinued Operation $236,831,000 $279,912,000 $-75,479,000 $357,517,000
Total Operating Income As Reported $327,598,000 $386,472,000 $-79,957,000 $516,848,000
Average Dilution Earnings $0 $1,233,000 $0 $2,641,000
Net Income Common Stockholders $230,910,000 $273,026,000 $-79,919,000 $351,785,000
Net Income $236,831,000 $279,912,000 $-75,479,000 $357,517,000
Net Income Including Noncontrolling Interests $251,020,000 $286,708,000 $-57,307,000 $392,483,000
Net Income Continuous Operations $251,020,000 $286,708,000 $-57,307,000 $392,483,000
Pretax Income $327,598,000 $386,472,000 $-79,957,000 $516,848,000
Interest Income Non Operating $38,492,000 $53,604,000 $42,022,000 $29,457,000
Operating Income $376,725,000 $420,935,000 $-44,306,000 $568,913,000
Gross Profit $1,062,590,000 $1,083,088,000 $605,130,000 $1,169,185,000
Depreciation Amortization Depletion Income Statement - - $334,000 $60,000
Depreciation And Amortization In Income Statement - - $334,000 $60,000
Amortization Of Intangibles Income Statement - - $334,000 $60,000
Special Income Charges - - - -
Per Share
Diluted EPS $2.17 $2.68 $-0.90 $3.51
Basic EPS $2.37 $2.93 $-0.90 $3.68
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $449,406,000 $510,820,000 $40,569,000 $640,706,000
Reconciled Depreciation $34,189,000 $36,281,000 $42,853,000 $42,336,000
EBITDA (Bullshit earnings) $449,406,000 $510,820,000 $40,569,000 $640,706,000
EBIT $415,217,000 $474,539,000 $-2,284,000 $598,370,000
Diluted Average Shares $106,338,079 $102,392,171 $88,993,985 $100,997,674
Basic Average Shares $97,479,092 $93,139,352 $88,993,985 $95,664,129
Diluted NI Availto Com Stockholders $230,910,000 $274,259,000 $-79,919,000 $354,426,000
Otherunder Preferred Stock Dividend $5,921,000 $6,886,000 $4,440,000 $5,732,000
Minority Interests $-14,189,000 $-6,796,000 $-18,172,000 $-34,966,000
Tax Provision $76,578,000 $99,764,000 $-22,650,000 $124,365,000
Selling General And Administration $461,240,000 $426,663,000 $430,660,000 $384,867,000
Other Gand A $210,151,000 $194,282,000 $200,186,000 $179,513,000
Rent And Landing Fees $132,603,000 $132,935,000 $131,117,000 $122,251,000
Amortization - - $334,000 $60,000
Total Unusual Items - - - -
Total Unusual Items Excluding Goodwill - - - -
Restructuring And Mergern Acquisition - - - -
Provision For Doubtful Accounts - - - -
Fetched: 2026-06-22
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $478,393,000 $242,665,000 $28,831,000 $179,133,000
Total Assets $4,940,734,000 $4,793,993,000 $4,635,781,000 $5,852,561,000
Total Non Current Assets $2,156,119,000 $2,177,070,000 $2,345,355,000 $2,268,890,000
Other Non Current Assets $95,335,000 $93,626,000 $111,394,000 $103,245,000
Non Current Deferred Assets $459,087,000 $479,582,000 $497,340,000 $407,657,000
Non Current Deferred Taxes Assets $459,087,000 $479,582,000 $497,340,000 $407,657,000
Financial Assets $52,702,000 $59,230,000 $61,680,000 $56,947,000
Investmentin Financial Assets $554,392,000 $538,818,000 $640,284,000 $626,549,000
Goodwill And Other Intangible Assets $395,262,000 $393,575,000 $394,928,000 $377,330,000
Current Assets $2,784,615,000 $2,616,923,000 $2,290,426,000 $3,583,671,000
Restricted Cash $34,021,000 $32,466,000 $34,091,000 $625,381,000
Prepaid Assets $163,377,000 $207,238,000 $233,424,000 $217,841,000
Receivables $950,667,000 $800,317,000 $832,019,000 $726,430,000
Taxes Receivable $52,881,000 $46,694,000 $69,700,000 $73,672,000
Accounts Receivable $897,786,000 $753,623,000 $762,319,000 $652,758,000
Allowance For Doubtful Accounts Receivable $-22,884,000 $-32,033,000 $-28,503,000 $-17,738,000
Gross Accounts Receivable $920,670,000 $785,656,000 $790,822,000 $670,496,000
Cash Cash Equivalents And Short Term Investments $1,636,550,000 $1,576,902,000 $1,190,892,000 $2,014,019,000
Cash And Cash Equivalents $1,469,416,000 $1,308,218,000 $971,316,000 $1,234,773,000
Other Intangible Assets - - $30,000 $90,000
Debt
Net Debt $218,670,000 $378,834,000 $718,884,000 $452,941,000
Total Debt $2,173,235,000 $2,192,535,000 $2,175,391,000 $2,201,402,000
Long Term Debt And Capital Lease Obligation $2,173,235,000 $2,192,535,000 $2,175,391,000 $2,201,402,000
Long Term Debt $1,688,086,000 $1,687,052,000 $1,690,200,000 $1,687,714,000
Liabilities
Total Liabilities Net Minority Interest $3,951,604,000 $4,029,210,000 $4,065,919,000 $4,593,691,000
Total Non Current Liabilities Net Minority Interest $3,065,214,000 $3,132,425,000 $3,033,525,000 $3,029,406,000
Other Non Current Liabilities $53,641,000 $43,970,000 $49,073,000 $37,803,000
Non Current Deferred Liabilities $1,368,000 $1,084,000 $3,857,000 $24,045,000
Non Current Deferred Taxes Liabilities $1,368,000 $1,084,000 $3,857,000 $3,920,000
Current Liabilities $886,390,000 $896,785,000 $1,032,394,000 $1,564,285,000
Current Deferred Liabilities $139,022,000 $136,536,000 $140,417,000 $137,330,000
Payables And Accrued Expenses $747,368,000 $760,249,000 $891,977,000 $1,426,955,000
Payables $524,685,000 $546,131,000 $696,405,000 $1,230,331,000
Other Payable $330,852,000 $308,213,000 $443,262,000 $921,834,000
Total Tax Payable $193,833,000 $237,918,000 $253,143,000 $308,497,000
Income Tax Payable $136,782,000 $162,019,000 $138,056,000 $117,308,000
Equity
Common Stock Equity $873,655,000 $636,240,000 $423,759,000 $556,463,000
Total Equity Gross Minority Interest $989,130,000 $764,783,000 $569,862,000 $1,258,870,000
Stockholders Equity $873,655,000 $636,240,000 $423,759,000 $556,463,000
Gains Losses Not Affecting Retained Earnings $-271,509,000 $-326,742,000 $-289,950,000 $-295,854,000
Other Equity Adjustments $-271,509,000 $-326,742,000 $-289,950,000 $-295,854,000
Retained Earnings $1,488,107,000 $1,472,113,000 $1,402,636,000 $1,676,713,000
Long Term Equity Investment $18,752,000 $16,899,000 $0 $15,481,000
Other
Treasury Shares Number $17,822,122 $22,467,315 $25,340,287 $26,814,213
Preferred Shares Number $7,921 $7,921 $7,921 $7,921
Ordinary Shares Number $93,906,635 $90,298,776 $87,425,804 $85,951,878
Share Issued $111,728,757 $112,766,091 $112,766,091 $112,766,091
Tangible Book Value $478,393,000 $242,665,000 $28,831,000 $179,133,000
Invested Capital $2,561,741,000 $2,323,292,000 $2,113,959,000 $2,244,177,000
Working Capital $1,898,225,000 $1,720,138,000 $1,258,032,000 $2,019,386,000
Capital Lease Obligations $485,149,000 $505,483,000 $485,191,000 $513,688,000
Total Capitalization $2,561,741,000 $2,323,292,000 $2,113,959,000 $2,244,177,000
Minority Interest $115,475,000 $128,543,000 $146,103,000 $702,407,000
Treasury Stock $684,411,000 $838,069,000 $937,259,000 $993,414,000
Additional Paid In Capital $340,351,000 $327,810,000 $247,204,000 $167,890,000
Capital Stock $1,117,000 $1,128,000 $1,128,000 $1,128,000
Common Stock $1,117,000 $1,128,000 $1,128,000 $1,128,000
Preferred Stock $0 $0 $0 $0
Employee Benefits $836,970,000 $894,836,000 $805,204,000 $766,156,000
Long Term Capital Lease Obligation $485,149,000 $505,483,000 $485,191,000 $513,688,000
Current Deferred Revenue $139,022,000 $136,536,000 $140,417,000 $137,330,000
Current Accrued Expenses $222,683,000 $214,118,000 $195,572,000 $196,624,000
Investments And Advances $573,144,000 $555,717,000 $640,284,000 $642,030,000
Held To Maturity Securities $127,535,000 $147,173,000 $195,610,000 $178,556,000
Available For Sale Securities $426,857,000 $391,645,000 $444,674,000 $447,993,000
Goodwill $395,262,000 $393,575,000 $394,898,000 $377,240,000
Net PPE $580,589,000 $595,340,000 $639,729,000 $681,681,000
Accumulated Depreciation $-286,235,000 $-332,840,000 $-414,547,000 $-395,109,000
Gross PPE $866,824,000 $928,180,000 $1,054,276,000 $1,076,790,000
Leases $236,294,000 $214,744,000 $233,732,000 $208,323,000
Construction In Progress $6,084,000 $33,793,000 $11,788,000 $65,562,000
Other Properties $412,584,000 $434,938,000 $407,213,000 $431,608,000
Machinery Furniture Equipment $198,906,000 $233,250,000 $230,713,000 $236,194,000
Buildings And Improvements $12,956,000 $11,455,000 $170,830,000 $135,103,000
Properties $0 $0 $0 $0
Other Short Term Investments $167,134,000 $268,684,000 $219,576,000 $779,246,000
Fetched: 2026-06-22
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $487,379,000 $697,330,000 $136,365,000 $784,473,000
Operating Activities
Operating Cash Flow $519,325,000 $742,828,000 $164,662,000 $833,984,000
Cash Flow From Continuing Operating Activities $519,325,000 $742,828,000 $164,662,000 $833,984,000
Operating Gains Losses - $-114,271,000 $19,755,000 $32,000
Investing Activities
Capital Expenditure $-31,946,000 $-45,498,000 $-28,297,000 $-49,511,000
Investing Cash Flow $-81,983,000 $134,072,000 $-38,323,000 $-56,438,000
Cash Flow From Continuing Investing Activities $-81,983,000 $134,072,000 $-38,323,000 $-56,438,000
Net Other Investing Changes $-50,037,000 $-985,000 - $-7,500,000
Financing Activities
Repurchase Of Capital Stock $-91,011,000 $-59,500,000 $-102,051,000 $-691,705,000
Financing Cash Flow $-463,637,000 $-439,669,000 $-1,571,194,000 $-1,382,035,000
Cash Flow From Continuing Financing Activities $-463,637,000 $-439,669,000 $-1,571,194,000 $-1,382,035,000
Net Other Financing Charges $-72,540,000 $-133,620,000 $-1,241,539,000 $-446,534,000
Cash Dividends Paid $-186,579,000 $-179,017,000 $-173,075,000 $-181,880,000
Common Stock Dividend Paid $-186,579,000 $-179,017,000 $-173,075,000 $-181,880,000
Net Common Stock Issuance $-91,011,000 $-59,500,000 $-102,051,000 $-691,705,000
Dividends Received Cfi $0 $-98,350,000 $0 -
Issuance Of Capital Stock - - $0 $0
Common Stock Issuance - - $0 $0
Other
Repayment Of Debt $-298,354,000 $-399,149,000 $0 $0
Issuance Of Debt $300,000,000 $395,961,000 $0 $0
Interest Paid Supplemental Data $80,328,000 $84,423,000 $73,684,000 $77,441,000
Income Tax Paid Supplemental Data $118,753,000 $33,971,000 $44,230,000 $144,312,000
End Cash Position $1,670,571,000 $1,609,368,000 $1,224,983,000 $2,639,400,000
Beginning Cash Position $1,609,368,000 $1,224,983,000 $2,639,400,000 $3,430,014,000
Effect Of Exchange Rate Changes $87,498,000 $-52,846,000 $30,438,000 $-186,125,000
Changes In Cash $-26,295,000 $437,231,000 $-1,444,855,000 $-604,489,000
Proceeds From Stock Option Exercised $-115,153,000 $-64,344,000 $-54,529,000 $-61,916,000
Common Stock Payments $-91,011,000 $-59,500,000 $-102,051,000 $-691,705,000
Net Issuance Payments Of Debt $1,646,000 $-3,188,000 $0 $0
Net Long Term Debt Issuance $1,646,000 $-3,188,000 $0 $0
Long Term Debt Payments $-298,354,000 $-399,149,000 $0 $0
Long Term Debt Issuance $300,000,000 $395,961,000 $0 $0
Net Investment Purchase And Sale $0 $100,000,000 $0 $0
Sale Of Investment $0 $100,000,000 $0 $0
Net Business Purchase And Sale $0 $-17,488,000 $-10,516,000 $0
Purchase Of Business $0 $-17,488,000 $-10,516,000 $0
Net PPE Purchase And Sale $-31,946,000 $150,895,000 $-27,807,000 $-48,938,000
Sale Of PPE $0 $196,393,000 $490,000 $573,000
Purchase Of PPE $-31,946,000 $-45,498,000 $-28,297,000 $-49,511,000
Change In Working Capital $-292,870,000 $16,265,000 $-240,868,000 $-109,293,000
Change In Other Current Liabilities $-17,853,000 $72,716,000 $-145,010,000 $178,025,000
Change In Other Current Assets $-4,723,000 $-65,341,000 $-47,671,000 $-55,444,000
Change In Payables And Accrued Expense $-208,042,000 $12,467,000 $52,314,000 $-372,619,000
Change In Accrued Expense $-208,042,000 $12,467,000 $52,314,000 $-372,619,000
Change In Receivables $-62,252,000 $-3,577,000 $-100,501,000 $140,745,000
Other Non Cash Items $524,186,000 $515,014,000 $493,409,000 $466,926,000
Asset Impairment Charge $0 $0 $31,782,000 $0
Deferred Tax $2,800,000 $2,831,000 $-124,962,000 $41,500,000
Deferred Income Tax $2,800,000 $2,831,000 $-124,962,000 $41,500,000
Depreciation Amortization Depletion $34,189,000 $36,281,000 $42,853,000 $42,336,000
Depreciation And Amortization $34,189,000 $36,281,000 $42,853,000 $42,336,000
Depreciation $34,189,000 $36,281,000 $42,853,000 $42,336,000
Net Foreign Currency Exchange Gain Loss $0 $0 $1,826,000 $32,000
Gain Loss On Sale Of PPE $0 $-114,271,000 $0 $0
Gain Loss On Sale Of Business $0 $0 $17,929,000 $0
Net Income From Continuing Operations $251,020,000 $286,708,000 $-57,307,000 $392,483,000
Purchase Of Investment - $-98,350,000 $0 $0
Amortization Cash Flow - - $334,000 $60,000
Amortization Of Intangibles - - $334,000 $60,000
Change In Other Working Capital - - - -
Fetched: 2026-06-22