Record Financial Advisory Revenue
Financial advisory revenue reached a record $1.3 billion for the first 9 months of 2025, reflecting strong M&A activity across healthcare, industrials, and consumer sectors.
Asset Management Revenue Growth
Asset Management revenue for the first 9 months of the year totaled $827 million with a year-over-year increase of 8% in the third quarter.
Significant Increase in AUM
Total Assets Under Management (AUM) up 17% year-to-date, reaching $265 billion by September 30, 2025, with a net inflow of $4.6 billion in the third quarter.
Expansion in Financial Advisory
20 new Managing Directors joined Lazard this year, enhancing the firm's advisory capabilities across various sectors and regions.
Positive Flow in Asset Management
Net positive flows of $1.6 billion year-to-date with significant inflows into quantitative and emerging market strategies.
Improved Compensation Ratio
Compensation expense ratio reduced to 65.5% from 66% in the same quarter last year, indicating improved efficiency.