Snapshot
Lazard, Inc. reported $1.59B of revenue in Q2 2025, up 14.5% year over year, with diluted EPS of $0.52 and an operating margin of 5.9%.
- Revenue
- $1.59B
- YoY growth
- +14.5%
- Diluted EPS
- $0.52
- Operating margin
- 5.9%
$1.59B
Revenue
+14.5%
YoY growth
$0.52
Diluted EPS
5.9%
Operating margin
01 Key takeaways
What management said
- •A reconciliation of these non GAAP financial measures to the comparable GAAP measures is provided in our earnings release and investor presentation.
- •We are pleased to report strong performance and results with total firm wide adjusted net revenue of $1,400,000,000 for the first half of the year.
- •Financial Advisory achieved a record first half of the year with adjusted net revenue of $861,000,000 Advisory revenue this year has demonstrated the geographic and product diversity of our business.
- •Results represent the overall strength of Lazard's team and brand, which includes record revenue in France and Germany for the first half of the year.
- •Over the past twelve months, revenue associated with private capital has been over 40% of total financial advisory revenue, reflecting our increased emphasis on this business and hiring over time.
- •Asset Management continued to deliver solid results with adjusted net revenue of $533,000,000 for the first half of the year.
- •I'll share more on our outlook shortly, but first let me turn the call over to Mary Anne to provide further details on the quarter's results.
- •Today, we reported second quarter firm wide adjusted net revenue of $770,000,000 up 12% from the same time last year.
- •Increase in firm wide revenue was driven by our Financial Advisory business.
- •Financial Advisory adjusted net revenue was a record $491,000,000 for the second quarter, up 20% from one year ago.
- •Completed transactions include CD and R's acquisition of a controlling 50% stake in Sanofi's consumer health unit and Rocat Freres acquisition of IFF Pharma Solutions.
- •Turning to asset management for the second quarter, adjusted net revenue was $268,000,000 up one percent compared to the second quarter last year and up 2% on a sequential basis.
SourcesCompany financials · earnings call
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