Highest-materiality recent filing
Lazard Q2 GAAP EPS $0.03 vs $0.52 YoY; AUM record $285B, advisory revenue down 9%
GAAP net income $5M ($0.03 diluted EPS) vs $55M ($0.52) in Q2 2025; adjusted net income $13M ($0.12).
Lazard shareholders approve board declassification, reelect directors at annual meeting
Board declassification amendment approved with 79.7M votes for (95.7% of votes cast); effective May 22, 2026.
Lazard Q1: GAAP EPS $0.91, adj. $0.42; AUM $259B; announces Campbell Lutyens acquisition
GAAP net income $101M ($0.91 diluted EPS); adjusted net income $47M ($0.42 diluted EPS).
Lazard to acquire Campbell Lutyens for up to $660M; creates private capital advisory leader
Total consideration: $460M initial (mostly stock at $46.50/share), $115M deferred, plus $85M earn-out.
Lazard to acquire Campbell Lutyens for ~$575M, creating private capital advisory leader
Total consideration of ~$575M payable at closing and two years later; earn-out up to $85M.
Lazard appoints Tracy Farr as CFO effective Feb 1, 2026; Betsch becomes Senior Advisor
Tracy Farr appointed CFO effective Feb 1, 2026, succeeding Mary Ann Betsch.
Lazard Q4 adj EPS $0.80; record FA revenue $1.8B in 2025; new CFO appointed
Q4 2025 adj net revenue $892M (+10% YoY); adj net income $89M ($0.80/diluted).
Lazard Q3 adjusted revenue record $725M (+12%), EPS $0.56 (+47% YoY)
Record firmwide adjusted net revenue of $725M, up 12% YoY; GAAP net revenue $748M, net income $71M ($0.65 diluted EPS).
Lazard Q2 2025 net revenue $796M; Financial Advisory record adjusted net revenue up 20% YoY
Net revenue Q2 2025: $796M GAAP, $770M adjusted. Net income $55M, EPS $0.52 diluted (GAAP & adjusted).
Lazard Q1 GAAP revenue $648M (-15% YoY); adj. EPS $0.56, down 15% YoY
Financial Advisory revenue $367M (-19% YoY); Asset Management revenue $288M (-2%).
Lazard FY2024 adjusted revenue +18% to $2.89B; adj EPS $2.34 vs $0.77; Q4 adj EPS $0.78
Financial Advisory adjusted net revenue +28% to $1,731M in 2024 on higher M&A volume.
Lazard Q3 2024 adjusted EPS $0.38, revenue up 21% YoY on Advisory strength
Total adjusted net revenue $646M (+21% YoY); Financial Advisory up 41% to $369M.
Lazard Q2 adjusted EPS $0.52 vs $0.24 YoY; Financial Advisory record first-half revenue
Q2 net revenue $685M (+7% YoY); GAAP net income $50M ($0.49 EPS) vs loss of $124M a year ago.
Lazard Q1 2024: record adjusted net revenue; EPS $0.66 vs $0.26 loss YoY
GAAP net revenue $765M (+41% YoY); adjusted net revenue $747M (+42% YoY).
Lazard Q4 net revenue $806M, EPS $0.65; full-year net loss $75M; board adds Schulman, Howe
Q4 GAAP net income $64M ($0.65 diluted EPS); adjusted net income $65M ($0.66). YoY revenue +13%.
Lazard completes conversion to Delaware C-Corp, renamed Lazard, Inc., effective Jan 1, 2024
Effective Jan 1, 2024, Lazard Ltd domesticated from Bermuda to Delaware and renamed Lazard, Inc.
Lazard Q3 adjusted EPS $0.10, revenue down 27% YoY; plans C-corp conversion
Adjusted net income $10M ($0.10/diluted); GAAP net income $7M ($0.06).
PRPU grants to Orszag ($18.8M) and Russo ($15.1M) vest upon stock price milestones: +25% (3yr), +50% (5yr), +100% (7yr).
Lazard Q2 revenue falls 8% to $620M; GAAP net loss $124M; adjusted EPS $0.24, down 74%
Q2 operating revenue $620M (-8% YoY); Financial Advisory $344M (-15%), Asset Management $267M (+1%)
Lazard appoints Peter Orszag as CEO effective Oct 1, 2023; Jacobs becomes Executive Chairman
Peter R. Orszag, currently CEO of Financial Advisory, elected CEO and board director, effective October 1, 2023.
Lazard Q1 2023: operating revenue $527M (-25% YoY), net loss $0.27/sh
GAAP net loss $22M ($0.27 diluted EPS) vs. profit $114M ($1.05) in Q1 2022.
Lazard names Mary Ann Betsch CFO effective Oct 3; base salary $750K
Mary Ann Betsch appointed CFO effective Oct 3, 2022, succeeding Evan L. Russo.
Lazard Q1 2022 adjusted EPS $1.05, revenue $699M; Financial Advisory up 22%
Adjusted diluted EPS $1.05 vs $0.87 YoY (+21%); GAAP EPS $1.05; adjusted net income $115M.
Lazard Q1 GAAP EPS $1.05, up 40% YoY; revenue $699M, +8%
GAAP net income $114M ($1.05 diluted EPS) vs $87M ($0.75) in Q1 2021.
Lazard extends retention agreements for Jacobs, Russo, Orszag to 2025; Bhutani and Stern to retire
Jacobs, Russo, Orszag get extended retention agreements through March 31, 2025, with change-in-control extension.
On October 12, 2026, Michael Gathy, Chief Accounting Officer and principal accounting officer of Lazard, Inc. (the “Company”), informed the Company of his decision to resign as Chief Accounting Officer and principal accounting officer of the Company to pursue other opportunities, effective December 11, 2026 (the “Effective Date”).
Tracy Farr, Chief Financial Officer of the Company, will assume the additional responsibilities of principal accounting officer for the Company as of the Effective Date.
the Board elected Peter Harrison to join the Board, effective immediately.
On November 25, 2024, Lazard, Inc. (the “Company”) announced that Mr. Peter R. Orszag has been appointed Chairman of the Board of Directors (“Board”) of the Company, effective January 1, 2025.
the Company’s independent directors appointed Mr. Dan Schulman to succeed Mr. Richard D. Parsons, who remains on the Board, as Lead Independent Director of the Company, effective January 1, 2025.
Mr. Kenneth M. Jacobs will relinquish his board seat and serve as Senior Chairman of the Company and Senior Advisor to the Board (collectively, “Senior Chairman of the Company”), effective December 31, 2024.
the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.
the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.
On October 9, 2023, Lazard Ltd (the “ Company ”) announced the appointment of Michael Gathy, 42, as Chief Accounting Officer of the Company and Lazard Group LLC (“ Group ”), effective immediately.
On September 14, 2023, Lazard Ltd (the “ Company ”) announced the appointment of Alexandra Soto, 54, as Chief Operating Officer of the Company and Lazard Group LLC, effective immediately.
Ms. Betsch replaces Dominick Ragone, who ceased to be Ltd’s and Lazard Group’s Chief Accounting Officer on May 31, 2023.
On May 31, 2023, Mary Ann Betsch, the Chief Financial Officer of Lazard Ltd (“Ltd”) and Lazard Group, assumed the responsibilities of principal accounting officer of Ltd and Lazard Group.
Max materiality 0.85 · Median 0.57 · Most common event earnings