Snapshot
Lazard, Inc. reported $1.50B of revenue in Q3 2025, up 3.6% year over year, with diluted EPS of $0.65 and an operating margin of 6.3%.
- Revenue
- $1.50B
- YoY growth
- +3.6%
- Diluted EPS
- $0.65
- Operating margin
- 6.3%
$1.50B
Revenue
+3.6%
YoY growth
$0.65
Diluted EPS
6.3%
Operating margin
01 Key takeaways
What management said
- •In addition to today's audio comments, we have posted our earnings release on our website.
- •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 another quarter of strong results reflecting an ongoing focus on our clients and continued momentum behind our long-term growth strategy.
- •For the first nine months of the year, total firm-wide revenue was $2.1 billion, including record Financial Advisory revenue of $1.3 billion.
- •For the first nine months of the year, revenue totaled $827 million, and in the third quarter, revenue was up 8% year over year.
- •We look forward to welcoming Chris Hogan as our CEO of Lazard Asset Management in December, helping to further accelerate our progress and evolve this business for future growth.
- •Today, we've reported record third-quarter firm-wide revenue of $725 million, up 12% from the same time last year, driven by activity across both our businesses.
- •Financial Advisory revenue totaled $422 million, up 14% from one year ago.
- •Completed transactions include Mallinckrodt Pharmaceuticals' $6.7 billion combination with Endo Pharmaceuticals, Ferrero's $3.1 billion acquisition of W.K.
- •Turning to Asset Management, for the third quarter, revenue was $294 million, up 8% compared to the third quarter last year, and up 10% on a sequential basis.
- •We see ongoing client engagement and demand across our investment platforms, particularly with our quantitative and emerging market strategies.
- •We are maintaining a disciplined approach to our expenses while investing to support long-term growth.
SourcesCompany financials · earnings call
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