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Lazard LAZ Q1 2025 earnings

Reported April 25, 2025 · Before market open

Revenue estimate$693.4M
EPS estimate$0.29

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$735.6M
EPS estimate$0.35

Financials

Q1 2025

Income statement

See full
Revenue$648.1M-15.3%
Operating income$54.6M+0.1%
Net income$60.4M+68.9%
EPS (diluted)$0.56+60.0%

Balance sheet

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Cash & equivalents$908.6M-1.6%
Total debt$2.2B-5.5%
Total equity$603.0M+53.6%
Total assets$4.2B-7.7%

Cash flow

See full
Operating cash flow-$217.5M-142%
CapEx$13.8M+109%
Free cash flow-$231.4M-139%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3.89B+1.9%
Enterprise value$5.18B-0.8%
P/E12.8×
P/S1.3×-0.1×

Profitability

See full
Operating margin13.2%
Net margin10.4%
FCF margin19.2%

Returns & leverage

See full
Return on equity61.2%
Debt / equity3.6×-2.3×

Segments

By segment

See full
Financial Advisory$367.4M-19.0%
Asset Management$288.1M-2.5%
Corporate-$7.4M-147%

By geography

See full
Americas$405.6M+5.6%
EMEA$323.9M-4.8%
Asia Pacific$45.2M+16.8%

Versus estimates

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Questions, answered.

When did Lazard report Q1 2025 earnings?
Lazard (LAZ) reported Q1 2025 earnings on April 25, 2025 before market open.
What were Lazard's Q1 2025 revenue and EPS?
Lazard reported revenue of $657.5M and diluted EPS of $0.56 for Q1 2025.
Did Lazard beat estimates in Q1 2025?
Revenue missed the consensus estimate of $693.4M by $35.9M. EPS beat the consensus estimate of $0.29 by $0.27.
How did Lazard's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.7% from $779.5M a year earlier and diluted EPS declined 15.2% from $0.66.
Where can I find Lazard's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-021162) directly on SEC EDGAR. The filing index links above go to sec.gov.