---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-019784"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:44:27.550325+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lazard Q1 GAAP revenue $648M (-15% YoY); adj. EPS $0.56, down 15% YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-019784
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1311370/000162828025019784/0001628280-25-019784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000162828025019784/laz-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-019784
- JSON: https://secwatch.observer/filing/0001628280-25-019784.json
- Plain text: https://secwatch.observer/filing/0001628280-25-019784.txt

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