---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025805"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:55:55.562358+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lazard Q2 revenue falls 8% to $620M; GAAP net loss $124M; adjusted EPS $0.24, down 74%

## Summary
- Q2 operating revenue $620M (-8% YoY); Financial Advisory $344M (-15%), Asset Management $267M (+1%)
- GAAP net loss $124M ($1.41 loss per share); adjusted net income $23M ($0.24 EPS, -74% YoY)
- AUM $239B, up 10% YoY and 3% sequentially; net outflows $1B, offset by market appreciation $8.8B
- Adjusted compensation ratio 68.4% (vs 58.5% YoY); non-comp ratio 23.2% (vs 19.4%)
- Declared quarterly dividend $0.50/share; H1 share repurchases 2.7M shares; remaining auth $203M

## SEC filing metadata
- accession: 0001628280-23-025805
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1311370/000162828023025805/0001628280-23-025805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000162828023025805/laz-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025805
- JSON: https://secwatch.observer/filing/0001628280-23-025805.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025805.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.