LAZ
$36.67+2.98%
Lazard Inc.Stock · FinancialsUS Stock Market · 0.006% of VTIRussell 1000 · 0.006% of IWBRussell 3000 · 0.005% of IWV
LAZ financial statements
The full income statement, balance sheet, and cash-flow statement for Lazard Inc. (LAZ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 100.6M2024-09 103.5M2024-12 106.1M2025-03 104.8M2025-06 104.9M2025-09 108.0M2025-12 111.7M2026-03 106.8M2026-06 107.3M+6.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.19B+1.5% | 3.14B+21.1% | 2.59B-9.2% | 2.86B-12.8% | 3.27B+23.7% | ||
| Lease income | — | — | 6.39M | — | — | |
| Restructuring | 0.00-100.0% | 48.1M-75.3% | 195M | — | — | |
| Amortization of intangibles | — | — | 60.0K+0.0% | 60.0K+0.0% | 60.0K-96.7% | |
| Provision for credit losses | -4.50M-138.2% | 11.8M-43.5% | 20.9M+420.3% | 4.01M+5.4% | 3.81M-4.6% | |
| Operating income | 328M-15.2% | 386M+583.3% | -80.0M-115.5% | 517M-28.6% | 724M+44.2% | |
| Interest expense | 87.3M-0.9% | 88.1M+13.4% | 77.7M-4.7% | 81.5M+0.9% | 80.8M+0.2% | |
| Interest & investment income | 38.5M-28.2% | 53.6M+27.6% | 42.0M+42.7% | 29.5M+430.7% | 5.55M-2.0% | |
| Pre-tax income | 328M-15.2% | 386M+583.3% | -80.0M | — | — | |
| Income tax | 76.6M-23.2% | 99.8M+540.5% | -22.6M-118.2% | 124M-31.4% | 181M+82.3% | |
| 237M-15.4% | 280M+470.8% | -75.5M-121.1% | 358M-32.3% | 528M+31.2% | ||
| Net income to non-controlling interest | 14.2M+108.8% | 6.80M-62.6% | 18.2M-48.0% | 35.0M+141.5% | 14.5M+6168.8% | |
| Net income to common | 231M-15.4% | 273M+441.6% | -79.9M-122.7% | 352M-32.3% | 519M+31.6% | |
| $2.17-19.0% | $2.68+397.8% | -$0.90-125.6% | $3.51-24.2% | $4.63+30.8% | ||
| EPS (basic) | $2.37-19.1% | $2.93+425.6% | -$0.90-124.5% | $3.68-24.9% | $4.90+32.8% | |
| Weighted-avg shares (basic) | 97.5M+4.7% | 93.1M+4.7% | 89.0M-7.0% | 95.7M-9.8% | 106M-0.8% | |
| Weighted-avg shares (diluted) | 106M+3.9% | 102M+15.1% | 89.0M-11.9% | 101M-11.2% | 114M+0.2% | |
| Dividends per share | $2.00+0.0% | $2.00+0.0% | $2.00+3.1% | $1.94+3.2% | $1.88+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.47B+12.3% | 1.31B+34.7% | 971M-21.3% | 1.23B-15.7% | 1.47B+5.4% | |
| 4.94B+3.0% | 4.79B+3.4% | 4.64B-20.8% | 5.85B-18.1% | 7.15B+19.7% | ||
| Property, plant & equipment | 168M+4.7% | 160M-31.0% | 233M-7.0% | 250M+0.0% | 250M-2.9% | |
| Operating lease right-of-use | 413M-5.1% | 435M+6.8% | 407M-5.7% | 432M-7.4% | 466M-9.3% | |
| Goodwill | 395M+0.4% | 394M-0.3% | 395M+4.7% | 377M-0.6% | 379M-1.2% | |
| Intangible assets | — | — | — | — | 150K-28.6% | |
| Deferred tax assets | 450M-6.3% | 480M-3.6% | 497M+22.0% | 408M-6.4% | 435M-19.2% | |
| 3.95B-1.9% | 4.03B-0.9% | 4.07B-11.5% | 4.59B-16.4% | 5.49B+10.5% | ||
| Long-term debt | 1.69B+0.1% | 1.69B-0.2% | 1.69B+0.1% | 1.69B+0.1% | 1.69B+0.1% | |
| Operating lease liability (total) | 485M-4.0% | 505M+4.2% | 485M-5.5% | 514M-7.0% | 553M-9.0% | |
| Deferred tax liabilities | 1.37M+26.2% | 1.08M-71.9% | 3.86M-1.6% | 3.92M+114.6% | 1.83M+75.5% | |
| 869M+36.6% | 636M+50.1% | 424M-23.8% | 556M-42.9% | 975M+7.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | — | — | |
| Common stock | 1.12M-1.0% | 1.13M+0.0% | 1.13M+0.0% | 1.13M+0.0% | 1.13M+0.0% | |
| Additional paid-in capital | 306M-6.5% | 328M+32.6% | 247M+47.2% | 168M+16.0% | 145M+6.9% | |
| Retained earnings | 1.52B+3.1% | 1.47B+5.0% | 1.40B-16.3% | 1.68B+7.4% | 1.56B+20.5% | |
| Treasury stock | 684M-18.3% | 838M | — | — | — | |
| Accumulated other comprehensive income | -272M+16.9% | -327M-12.7% | -290M+2.0% | -296M-32.2% | -224M+6.1% | |
| Non-controlling interest | 37.1M-24.2% | 48.9M-16.3% | 58.4M-50.9% | 119M+15.8% | 103M+17.2% | |
| Total equity incl. non-controlling | 906M+33.1% | 681M+41.2% | 482M-28.6% | 675M-37.3% | 1.08B+7.9% | |
| Total liabilities & equity | 4.94B+3.0% | 4.79B+3.4% | 4.64B-20.8% | 5.85B-18.1% | 7.15B+19.7% | |
| Common shares issued | 112M-0.9% | 113M+0.0% | 113M+0.0% | 113M+0.0% | 113M+0.0% | |
| Shares outstanding (cover) | 112M-0.9% | 113M+0.0% | 113M+0.0% | 113M+0.0% | 113M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 519M-30.1% | 743M+351.1% | 165M-80.3% | 834M-3.7% | 866M+50.4% | ||
| Depreciation & amortization | 34.2M-5.8% | 36.3M-15.3% | 42.9M+1.2% | 42.3M+10.5% | 38.3M+9.2% | |
| Intangible amortization | — | — | 60.0K+0.0% | 60.0K+0.0% | 60.0K-96.7% | |
| Deferred income taxes | 21.6M+94.9% | 11.1M+113.7% | -81.1M-289.8% | 42.7M-52.9% | 90.6M+92.3% | |
| Other operating activities | -8.63M-2983.6% | -280K | 0.00 | 0.00 | — | |
| -82.0M-161.1% | 134M+449.8% | -38.3M+32.1% | -56.4M-44.5% | -39.1M+37.9% | ||
| Capital expenditure | 31.9M-29.8% | 45.5M+60.8% | 28.3M-42.8% | 49.5M+24.7% | 39.7M-38.2% | |
| Free cash flow | 487M-30.1% | 697M+411.4% | 136M-82.6% | 784M-5.1% | 826M+61.5% | |
| Acquisitions | 0.00 | 0.00-100.0% | 10.5M | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | 490K-14.5% | 573K-10.7% | 642K-52.3% | |
| Other investing activities | 50.0M+4979.9% | 985K | 0.00-100.0% | 7.50M | — | |
| -464M-5.5% | -440M+72.0% | -1.57B-13.7% | -1.38B-805.7% | 196M+135.8% | ||
| Long-term debt issued | 300M-24.2% | 396M | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 91.0M+53.0% | 59.5M-41.7% | 102M-85.2% | 692M+70.3% | 406M+326.5% | |
| Dividends paid | 187M+4.2% | 179M+3.4% | 173M-4.8% | 182M-7.2% | 196M-0.3% | |
| Net change in cash | 61.2M-84.1% | 384M+127.2% | -1.41B-78.9% | -791M-191.8% | 861M+660.3% | |
| Interest paid | 80.3M-4.9% | 84.4M+14.6% | 73.7M-4.9% | 77.4M-0.7% | 78.0M-0.4% | |
| Income taxes paid | 119M+249.6% | 34.0M-23.2% | 44.2M-69.4% | 144M+94.8% | 74.1M+69.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.43B-0.7% | 5.46B+66.4% | 3.28B-4.3% | 3.43B-30.3% | 4.92B+3.1% | |
| P/E | 22.9×+17.4% | 19.5× | — | 6.5×-30.0% | 9.3×-21.4% | |
| P/S | 1.7×-2.1% | 1.7×+32.5% | 1.3×+20.1% | 1.1×-27.3% | 1.5×-16.6% | |
| P/B | 6.2×-27.3% | 8.6×-5.5% | 9.1×+48.6% | 6.1×+21.2% | 5.0×-3.6% | |
| P/FCF | 11.1×+42.1% | 7.8×-77.7% | 35.2×+857.0% | 3.7×-38.3% | 6.0×-36.1% | |
| Earnings yield | 4.4%-14.8% | 5.1% | — | 15.3%+42.8% | 10.7%+27.2% | |
| FCF yield | 9.0%-29.6% | 12.8%+348.8% | 2.8%-89.6% | 27.2%+62.1% | 16.8%+56.6% | |
| Dividend yield | 4.1%+6.0% | 3.9%-32.4% | 5.7%+2.7% | 5.6%+29.9% | 4.3%-3.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LAZ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LAZ filings on SEC EDGAR → Not investment advice.