LAZ · XBRL financial data

Lazard financial statements, every fiscal year

The same tables from 6 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 years (LAZ's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,647	3,274	2,855	2,593	3,140	3,186
Operating income (loss)	502	724	517	(80)	386	328
Interest expense	81	81	82	78	88	87
Income tax expense (benefit)	99	181	124	(23)	100	77
Net income (loss)	402	528	358	(75)	280	237
Earnings per share, basic USD per share	3.69	4.90	3.68	(0.90)	2.93	2.37
Earnings per share, diluted USD per share	3.54	4.63	3.51	(0.90)	2.68	2.17
Weighted average shares, basic millions of shares	107	106	96	89	93	97
Weighted average shares, diluted millions of shares	113	114	101	89	102	106

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,390	1,465	1,235	971	1,308	1,469
Property and equipment, net	258	250	250	233	160	168
Right-of-use asset	514	466	432	407	435	413
Goodwill	384	379	377	395	394	395
Total assets	5,972	7,147	5,853	4,636	4,794	4,941
Total liabilities	4,972	5,494	4,594	4,066	4,029	3,952
Retained earnings	1,295	1,561	1,677	1,403	1,472	1,488
Total stockholders' equity	912	975	556	424	636	874
Total liabilities and equity	5,972	7,147	5,853	4,636	4,794	4,941
Common shares outstanding (cover page) millions of shares	113	113	113	113	113	112

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	402	528	358	(75)	280	237
Depreciation and amortization	35	38	42	43	36	34
Net cash from operating activities	576	866	834	165	743	519
Purchases of property and equipment	64	40	50	28	45	32
Net cash from investing activities	(63)	(39)	(56)	(38)	134	(82)
Share repurchases	95	406	692	102	60	91
Dividends paid	197	196	182	173	179	187
Net cash from financing activities	(547)	196	(1,382)	(1,571)	(440)	(464)
Net change in cash	113	861	(791)	(1,414)	384	61

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.