The financials
Lazard, Inc. by the numbers
Lazard, Inc. (LAZ) reported revenue of $779M in Q1 2026 (quarter ended Mar 31, 2026), up 16% from the same quarter a year earlier. That came with net income of $101M (13% of revenue). For the full year FY2025, revenue was $3.19B (+1.5% year on year) and net income $237M. Its largest product in Jun 2026 was Financial Advisory Fees at $448M, 57% of the disclosed total, ahead of Management Fees at 42%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $779M | $669M | +16% |
| Operating income | $90M | $55M | +64% |
| Net income | $101M | $60M | +67% |
| Diluted EPS | $0.91 | $0.56 | +63% |
| Product | Revenue | Share |
|---|---|---|
| Financial Advisory Fees | $448M | 57% |
| Management Fees | $330M | 42% |
| Incentive Fees | $5.3M | 0.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $783.1M (+14%)
Management Fees grew +22% year on yearFinancial Advisory Fees -9.1% year on year
Segment Latestquarter on quarteryear on year
- Financial Advisory Fees$448.2M$448.2MQoQ +25%year on year -9.1%+25%-9.1%
- Management Fees$329.6M$329.6MQoQ +4.5%year on year +22%+4.5%+22%
- Incentive Fees$5.3M$5.3MQoQ -55%year on year -0.32%-55%-0.32%