Snapshot
Lazard, Inc. reported $1.46B of revenue in Q1 2026, up 13.1% year over year, with diluted EPS of $0.91 and an operating margin of 6.1%.
- Revenue
- $1.46B
- YoY growth
- +13.1%
- Diluted EPS
- $0.91
- Operating margin
- 6.1%
$1.46B
Revenue
+13.1%
YoY growth
$0.91
Diluted EPS
6.1%
Operating margin
01 Key takeaways
What management said
- •In addition to today's audio comments, we posted our earnings release on our website.
- •A reconciliation of these non-GAAP financial measures to the comparable GAAP measure is provided in our earnings release and investor presentation.
- •This transaction underscores how Lazard is building on its core advisory franchise while both diversifying our business model and accelerating our growth.
- •Campbell Lutyens is a premier global private markets advisor focused on fund placement, secondary advisory, and GP capital advisory services.
- •Along with our existing PCA group, the transaction combines two highly complementary advisory platforms that will create the leading primary and secondary advisory business globally with approximately $500 million in anticipated combined 2027 revenue.
- •The acquisition marks an important milestone on the path toward Lazard 2030 and an exciting avenue for additional growth.
- •Lazard 2030 is a multi-year plan to build a more productive, resilient, growth-oriented firm.
- •Our focus is on enhancing our long-standing strength in M&A while also building leading platforms in restructuring and liability management, Capital Solutions, and Private Capital Advisory.
- •Our recent investments have expanded the solutions we provide for clients and diversified our revenue mix.
- •Revenue related to private capital connectivity has increased from approximately 25% of total advisory revenue in 2019 to 40% today.
- •Upon closing the Campbell Lutyens acquisition, we will achieve our 2030 target of approximately 50% even while delivering total revenue growth.
- •The acquisition of Campbell Lutyens and establishment of Lazard CL strengthens our ability to deliver for clients at a time when fundraising is increasingly competitive and liquidity solutions are more complex.
SourcesCompany financials · earnings call
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