Lazard LAZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Revenue (Loss) by Business | ||||||
| Asset Management | $409.76M+42.2% | $367.12M+17.6% | $327.03M+11.3% | $292.48M+2.4% | $288.1M-2.5% | |
| Corporate | -$12.75M-72.1% | -$2.7M— | -$6.29M-105% | $6.21M+154% | -$7.41M-147% | |
| Financial Advisory | $359.57M-2.1% | $542.3M+4.2% | $427.34M+15.2% | $497.31M+20.9% | $367.36M-19.0% | |
| Revenue by Product | ||||||
| Incentive Fees | $11.82M+19.3% | $40.87M+20.4% | $15.49M+206% | $5.28M+46.9% | $9.91M+10.9% | |
| Management Fees | $315.48M+23.9% | —— | —— | —— | $254.7M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Lazard break its business down?
- Lazard (LAZ) reports net revenue (loss) by business across 3 parts — Asset Management, Corporate and Financial Advisory. Each is extracted from the segment footnotes and tracked over time.
- Where does Lazard's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Lazard's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.