Lazard Q2 2025 net revenue $796M; Financial Advisory record adjusted net revenue up 20% YoY

Lazard, Inc.

2025-Q2 EPS reported $1.08 revenue$1,486,324,000

Net revenue Q2 2025: $796M GAAP, $770M adjusted. Net income $55M, EPS $0.52 diluted (GAAP & adjusted).
Financial Advisory adjusted net revenue $491M, +20% YoY, record Q2; driven by robust European M&A activity.
Asset Management AUM $248B (+2% YoY); positive net flows $0.7B in Q2. Average AUM $239B.
Quarterly dividend $0.50 per share, payable Aug 15, 2025 to holders of record Aug 4, 2025.
Q2 shareholder returns: $47M dividends, $4M buybacks, $9M tax withholdings. Remaining auth $160M.

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