secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001311370-25-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q3 adjusted revenue record $725M (+12%), EPS $0.56 (+47% YoY)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000131137025000047/0001311370-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000131137025000047/laz-20251023.htm
  HTML page:      https://secwatch.observer/filing/0001311370-25-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer