Lazard Financial Statements
NYSE: LAZFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lazard revenue and earnings
In fiscal 2025, Lazard generated $3.19 billion in revenue, up 1.5% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $236.8 million (-15.4% year over year), for a net margin of 7.4% versus a median of 12.5% in the prior 5 years. Operating margin was 10.3%.
Diluted earnings per share came in at $2.17, down from $2.68. Over the last 5 fiscal years, LAZ's revenue has grown at a 3.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lazard income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.19B | 3.14B | 2.59B | 2.86B | 3.27B | 2.65B | 2.67B | 2.88B | 2.70B | 2.38B |
| Revenue growth (YoY) | +1.48% | +21.08% | -9.17% | -12.79% | +23.69% | -0.76% | -7.55% | +6.93% | +13.18% | -0.88% |
| Operating Income | 327.60M | 386.47M | -79.96M | 516.85M | 723.85M | 502.14M | 392.70M | 680.77M | 825.45M | 517.46M |
| Interest Expense | 87.28M | 88.07M | 77.67M | 81.52M | 80.77M | 80.63M | 80.19M | 58.48M | 53.52M | 50.29M |
| Pretax Income | 327.60M | 386.47M | -79.96M | — | — | — | — | — | — | — |
| Income Tax | 76.58M | 99.76M | -22.65M | 124.36M | 181.30M | 99.45M | 94.98M | 148.32M | 565.60M | 123.77M |
| Net Income | 236.83M | 279.91M | -75.48M | 357.52M | 528.06M | 402.46M | 286.50M | 527.13M | 253.58M | 387.70M |
| Net Income growth (YoY) | -15.39% | — | -121.11% | -32.30% | +31.21% | +40.48% | -45.65% | +107.87% | -34.59% | -60.69% |
| EPS (Basic) | 2.37 | 2.93 | -0.90 | 3.68 | 4.90 | 3.69 | 2.57 | 4.43 | 2.09 | 3.11 |
| EPS (Diluted) | 2.17 | 2.68 | -0.90 | 3.51 | 4.63 | 3.54 | 2.44 | 4.06 | 1.91 | 2.92 |
| Shares Outstanding (Basic) | 97.48M | 93.14M | 88.99M | 95.66M | 106.04M | 106.86M | 110.19M | 119.01M | 121.57M | 124.77M |
| Shares Outstanding (Diluted) | 106.34M | 102.39M | 88.99M | 101.00M | 113.67M | 113.48M | 116.08M | 129.77M | 132.48M | 132.63M |
| EBITDA | 361.79M | 422.75M | -37.10M | 559.18M | 762.16M | 537.24M | 428.27M | 714.87M | 856.94M | 550.73M |
| Operating Margin | 10.28% | 12.31% | -3.08% | 18.10% | 22.11% | 18.97% | 14.72% | 23.60% | 30.60% | 21.71% |
| Net Margin | 7.43% | 8.91% | -2.91% | 12.52% | 16.13% | 15.21% | 10.74% | 18.27% | 9.40% | 16.26% |
This table shows 10 annual periods of Lazard's income statement, from FY 2025 back to FY 2016, across 13 line items including revenue, operating income, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow LAZ's reporting calendar. What is a income statement?