The earnings call reflects a positive outlook for Lazard, with strong performance in Financial Advisory and Asset Management segments, significant new mandates, and increased private capital engagement. However, challenges such as a higher tax rate and compensation expense ratio, along with continued high gross outflows in Asset Management, present areas for improvement.

Company Guidance -

Q3 2025

During Lazard's Second Quarter 2025 Earnings Call, the company reported robust performance with total firm-wide adjusted net revenue of $1.4 billion for the first half of the year. The Financial Advisory division achieved record adjusted net revenue of $861 million, with private capital contributing over 40% of total Financial Advisory revenue. Asset Management also showed strength, with adjusted net revenue of $533 million for the first half, bolstered by positive net flows, record gross inflows, and a 10% year-to-date increase in assets under management (AUM), which stood at $248 billion as of June 30. The adjusted compensation expense ratio was 65.5%, while the adjusted non-compensation expense ratio was 20.4%. The company returned $60 million to shareholders through dividends. Lazard remains optimistic about the advisory outlook, expecting private equity to play a more significant role in M&A and continuing to invest in talent and technology to support long-term growth.

Strong Financial Advisory Performance

Financial Advisory achieved a record first half of the year with adjusted net revenue of $861 million, demonstrating geographic and product diversity, with record revenue in France and Germany.

Asset Management Growth

Asset Management reported adjusted net revenue of $533 million for the first half of the year, with positive net flows in the quarter, record gross inflows, and AUM increasing 10% year-to-date.

Increased Private Capital Engagement

Revenue associated with private capital has been over 40% of total Financial Advisory revenue, reflecting increased emphasis on this business and hiring over time.

Successful New Mandates in Asset Management

Illustrative examples of new mandates include $1 billion from a U.S. public pension into Global Equity Advantage and $650 million from a Nordic client for Japanese equities.

Expansion and Talent Acquisition

Lazard hired 14 Financial Advisory managing directors so far in 2025, with recent talent additions supporting performance and resulting in new client business.

Lazard (LAZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LAZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.51 / -	0.38	―	―	―
Jul 24, 2025	2025 (Q2)	0.40 / 0.52	0.52	0.00% (0.00)
Apr 25, 2025	2025 (Q1)	0.31 / 0.56	0.66	-15.15% (-0.10)
Jan 30, 2025	2024 (Q4)	0.51 / 0.78	0.66	18.18% (+0.12)
Oct 31, 2024	2024 (Q3)	0.39 / 0.38	0.1	280.00% (+0.28)
Jul 25, 2024	2024 (Q2)	0.35 / 0.52	0.24	116.67% (+0.28)
Apr 25, 2024	2024 (Q1)	0.55 / 0.66	-0.26	353.85% (+0.92)
Feb 01, 2024	2023 (Q4)	0.36 / 0.66	0.69	-4.35% (-0.03)
Oct 26, 2023	2023 (Q3)	0.16 / 0.10	1.05	-90.48% (-0.95)
Jul 27, 2023	2023 (Q2)	0.11 / 0.24	0.92	-73.91% (-0.68)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LAZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$54.42	$54.06	-0.66%
Apr 25, 2025	$39.00	$37.79	-3.10%
Jan 30, 2025	$51.08	$53.44	+4.62%
Oct 31, 2024	$48.70	$50.90	+4.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lazard (LAZ) report earnings?

Lazard (LAZ) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Lazard (LAZ) earnings time?

Lazard (LAZ) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LAZ EPS forecast?

LAZ EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing