earnings
confidence high
sentiment neutral
materiality 0.70
Lazard Q1 GAAP revenue $648M (-15% YoY); adj. EPS $0.56, down 15% YoY
Lazard, Inc.
2025-Q1 EPS reported
$0.56
revenue$669,164,000
- Financial Advisory revenue $367M (-19% YoY); Asset Management revenue $288M (-2%).
- GAAP net income $60M up 69% YoY; adjusted net income $60M down 9% YoY.
- AUM $227B (-9% YoY); net outflows of $3.7B in Q1.
- Adjusted comp ratio 65.5% (target ≤60%); non-comp ratio 23% (target 16-20%).
- Quarterly dividend maintained at $0.50/share; announced strategic alliance with Arini Capital Management.