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Lazard LAZ Q3 2026 earnings

Reported October 22, 2026 · Before market open

Revenue$805.0MMiss by $39.2M
EPS$0.36Miss by $0.06
Revenue estimate$844.2M
EPS estimate$0.42
“Our Lazard 2030 strategy continues to progress as planned, with strong momentum firm-wide. Financial Advisory delivered record third quarter revenue as the investments we have made in the business increasingly translate into results, while client activity and our forward indicators remain strong. In Asset Management, record year-to-date gross inflows reflect improving investment performance and focused distribution efforts. With our new private capital advisory business, Lazard CL, launching in early November, we are building a more productive, diversified firm positioned for long-term profitable growth.”
Peter R. Orszag

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$814.2M+8.8%
Operating income$54.8M-42.3%
Net income$29.2M-59.1%
EPS (diluted)$0.26-60.0%

Balance sheet

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Cash & equivalents$1.3B+7.8%
Total debt$2.2B-1.7%
Total equity$948.8M+12.7%
Total assets$4.5B-1.9%

Cash flow

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Operating cash flow$316.5M+10.1%
CapEx$5.6M+97.2%
Free cash flow$310.8M+9.2%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$3.86B-16.5%
Enterprise value$4.76B-15.8%
P/E20.9×+4.0×
P/S1.2×-0.4×

Profitability

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Operating margin8.1%-3.5pp
Net margin5.6%-3.5pp

Returns & leverage

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Return on equity20.6%-16.6pp
Debt / equity2.3×-0.3×

Segments

By segment

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Financial Advisory$468.6M+9.6%
Asset Management$353.2M+8.0%
Corporate-$12.4M-97.3%

By product

See full
Management Fees$345.8M—
Incentive Fees$1.2M—

FAQ

When did Lazard report Q3 2026 earnings?
Lazard (LAZ) reported Q3 2026 earnings on October 22, 2026 before market open.
What were Lazard's Q3 2026 revenue and EPS?
Lazard reported revenue of $805.0M and eps of $0.36 for Q3 2026.
Did Lazard beat estimates in Q3 2026?
Revenue missed the consensus estimate of $844.2M by $39.2M. EPS missed the consensus estimate of $0.42 by $0.06.
How did Lazard's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.9% from $782.4M a year earlier and eps declined 35.7% from $0.56.
Where can I find Lazard's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-066781) and the 10-Q periodic report (0001311370-26-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.