LAZ · XBRL financial data

Lazard financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (LAZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	826*	785	708	807	839*	669	817	771	929*	779	830	836
Operating income (loss)	72*	55	64	161	107*	55	93	95	85*	90	38	55
Interest expense	20*	21	23	22	22*	21	21	23	23*	23	22	22
Income tax expense (benefit)	0*	14	12	45	29*	(7)	32	21	31*	(11)	24	25
Net income (loss)	64*	36	50	108	86*	60	55	71	50*	101	5	29
Earnings per share, basic USD per share	0.70*	0.38	0.53	1.13	0.91*	0.61	0.56	0.71	0.50*	0.98	0.03	0.27
Earnings per share, diluted USD per share	0.75*	0.35	0.49	1.02	0.81*	0.56	0.52	0.65	0.46*	0.91	0.03	0.26
Weighted average shares, basic millions of shares	90*	91	93	94	95*	95	98	98	99*	99	101	101
Weighted average shares, diluted millions of shares	85*	99	101	103	106*	105	105	108	108*	107	107	107

Fiscal quarters (LAZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	971	923	848	1,166	1,308	909	978	1,172	1,469	1,021	1,100	1,264
Property and equipment, net	233	228	221	158	160	168	176	173	168	160	153	151
Right-of-use asset	407	390	452	450	435	431	443	437	413	403	394	398
Goodwill	395	394	394	395	394	394	395	395	395	395	435	439
Total assets	4,636	4,587	4,527	4,820	4,794	4,232	4,493	4,634	4,941	4,241	4,365	4,548
Total liabilities	4,066	4,050	3,932	4,056	4,029	3,500	3,623	3,677	3,952	3,287	3,349	3,498
Retained earnings	1,403	1,385	1,383	1,438	1,472	1,478	1,478	1,493	1,488	1,559	1,506	1,478
Total stockholders' equity	424	393	459	624	636	603	742	842	874	881	914	949
Total liabilities and equity	4,636	4,587	4,527	4,820	4,794	4,232	4,493	4,634	4,941	4,241	4,365	4,548
Common shares outstanding (cover page) millions of shares	113	113	113	113	113	113	113	113	112	112	111	110

Fiscal quarters (LAZ's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	64*	36	50	108	86*	60	55	71	50*	101	5	29
Depreciation and amortization	11*	9	9*	9*	9*	8	9*	8*	9*	8	7*	7*
Net cash from operating activities	342*	(90)	176*	294*	363*	(218)	50*	287*	400*	(219)	203*	316*
Purchases of property and equipment	9*	7	6*	18*	15*	14	12*	3*	4*	2	4*	6*
Net cash from investing activities	(9)*	(7)	(103)*	209*	34*	(23)	(26)*	(15)*	(18)*	(48)	(4)*	(18)*
Share repurchases	0*	22	19*	3*	16*	36	4*	1*	50*	2	50*	33*
Dividends paid	44*	44	45*	45*	45*	45	47*	47*	47*	47	49*	49*
Net cash from financing activities	(150)*	98	(193)*	(112)*	(234)*	(192)	(40)*	(97)*	(135)*	(153)	(124)*	(150)*
Net change in cash	218*	(20)	(120)*	429*	96*	(402)	41*	175*	248*	(436)	68*	150*

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Lazard	1,264	836	316*	109.8M	—	Q3 FY26 10-QSep 30, 2026
Alliancebernstein Holding	0	not reported	76*	91.9M	—	Q3 FY26 10-QSep 30, 2026
Moelis	208	not reported	230*	not reported	—	Q2 FY26 10-QJun 30, 2026
StepStone Group	703	379	(458)	not reported	1.5 quarters	Q1 FY27 10-QJun 30, 2026
PJT Partners	236	486	237*	not reported	—	Q2 FY26 10-QJun 30, 2026
Affiliated Managers Group	411	641	239*	25.9M	—	Q2 FY26 10-QJun 30, 2026
Hamilton Lane	348	204	28*	not reported	—	Q2 FY27 10-QSep 30, 2026
Invesco	966	1,873	475*	439.5M	—	Q3 FY26 10-QSep 30, 2026
Victory Capital Holdings	70	435	135*	61.5M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.