earnings
confidence high
sentiment positive
materiality 0.78
Lazard Q3 adjusted revenue record $725M (+12%), EPS $0.56 (+47% YoY)
Lazard, Inc.
2025-Q3 EPS reported
$1.72
revenue$2,257,088,000
- Record firmwide adjusted net revenue of $725M, up 12% YoY; GAAP net revenue $748M, net income $71M ($0.65 diluted EPS).
- Financial Advisory adjusted revenue $422M in Q3; record $1.3B for nine months, with 20 MDs hired YTD; advised on Keurig Dr Pepper's $23B JDE Peet's deal.
- Asset Management adjusted revenue $294M; AUM $265B (+17% YTD, +7% YoY); record Q3 net inflows of $1.6B.
- Adjusted net income $62M vs $40M; $0.56 vs $0.38 diluted EPS; compensation ratio 65.5% vs 66.0%.
- Quarterly dividend $0.50/share payable Nov 14, 2025; $159M remaining share repurchase authorization.