Lazard LAZ Financial Advisory — Adjusted Operating Income

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Questions, answered.

What is Lazard's financial advisory — adjusted operating income?

Lazard (LAZ) reported financial advisory — adjusted operating income of $35.14M in Q1 2026.

How has Lazard's financial advisory — adjusted operating income changed year-over-year?

Lazard's financial advisory — adjusted operating income decreased by 54.4% year-over-year, from $77.01M to $35.14M.

What is the long-term trend for Lazard's financial advisory — adjusted operating income?

Over 3 years (2022 to 2025), Lazard's financial advisory — adjusted operating income has grown at a -5.9% compound annual growth rate (CAGR), from $528.82M to $441.25M.

What does financial advisory — adjusted operating income mean?

Measures the profitability of the financial advisory segment by excluding non-core or non-recurring items from operating income. It provides a normalized view of the segment's core operational performance and its contribution to the firm's overall profitability.