earnings
confidence high
sentiment positive
materiality 0.70
Lazard Q1: GAAP EPS $0.91, adj. $0.42; AUM $259B; announces Campbell Lutyens acquisition
Lazard, Inc.
2026-Q1 EPS reported
$0.91
revenue$779,399,000
- GAAP net income $101M ($0.91 diluted EPS); adjusted net income $47M ($0.42 diluted EPS).
- Asset Management adjusted net revenue $309M (+17% YoY); AUM $259B with $9B net inflows.
- Financial Advisory adjusted net revenue $356M (-4% YoY); added 28 net Managing Directors in 2025.
- Announced acquisition of Campbell Lutyens, expected close H2 2026; combined 2027 revenue ~$500M.
- Declared quarterly dividend $0.50/share, payable May 22, 2026 to holders of record May 11, 2026.