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Lazard LAZ Q3 2025 earnings

Reported October 23, 2025 · Before market open

Revenue$782.4MBeat by $56.2M
EPS$0.56Beat by $0.12
Revenue estimate$726.2M
EPS estimate$0.44

Next report

Oct 22, 2026 (in a month)
Revenue estimate$841.8M
EPS estimate$0.60

Financials

Q3 2025

Income statement

See full
Revenue$748.1M-4.7%
Operating income$94.9M-41.1%
Net income$71.2M-34.0%
EPS (diluted)$0.65-36.3%

Balance sheet

See full
Cash & equivalents$1.2B+0.5%
Total debt$2.2B-7.4%
Total equity$841.5M+34.8%
Total assets$4.6B-3.9%

Cash flow

See full
Operating cash flow$287.5M-2.1%
CapEx$2.9M-83.7%
Free cash flow$284.6M+3.1%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.98B+6.4%
Enterprise value$6.01B+2.0%
P/E18.2×—
P/S1.7×+0.1×

Profitability

See full
Operating margin11.6%—
Net margin9.1%—
FCF margin14.6%-7.8pp

Returns & leverage

See full
Return on equity37.3%—
Debt / equity2.6×-1.2×

Segments

By segment

See full
Financial Advisory$427.3M+15.2%
Asset Management$327.0M+11.3%
Corporate-$6.3M-105%

By geography

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

FAQ

When did Lazard report Q3 2025 earnings?
Lazard (LAZ) reported Q3 2025 earnings on October 23, 2025 before market open.
What were Lazard's Q3 2025 revenue and EPS?
Lazard reported revenue of $782.4M and eps of $0.56 for Q3 2025.
Did Lazard beat estimates in Q3 2025?
Revenue beat the consensus estimate of $726.2M by $56.2M. EPS beat the consensus estimate of $0.44 by $0.12.
How did Lazard's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.3% from $792.4M a year earlier and eps grew 47.4% from $0.38.
Where can I find Lazard's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001311370-25-000047) and the 10-Q periodic report (0001311370-25-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.