---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-049278"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2026-07-23T10:30:59+00:00"
generated_at: "2026-07-23T10:35:12.488796+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lazard Q2 GAAP EPS $0.03 vs $0.52 YoY; AUM record $285B, advisory revenue down 9%

## Summary
- GAAP net income $5M ($0.03 diluted EPS) vs $55M ($0.52) in Q2 2025; adjusted net income $13M ($0.12).
- Financial Advisory net revenue $450M, down 9% YoY; Asset Management net revenue $351M, up 20% YoY.
- AUM $285B (record), up 15% YoY; first-half net inflows $7.4B, best in nearly 20 years.
- Board authorized $200M share repurchase; quarterly dividend $0.50 per share declared.
- Adjusted compensation ratio 69.9% vs 65.5% YoY; target 60% or below as part of Lazard 2030.

## SEC filing metadata
- accession: 0001628280-26-049278
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2026-07-23T10:30:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1311370/000162828026049278/0001628280-26-049278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000162828026049278/laz-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-049278
- JSON: https://secwatch.observer/filing/0001628280-26-049278.json
- Plain text: https://secwatch.observer/filing/0001628280-26-049278.txt

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