secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2026-07-23T10:30:59+00:00
Accession:  0001628280-26-049278
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828026049278/0001628280-26-049278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828026049278/laz-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049278

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer