Lazard LAZ Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Revenue (Loss) by Business | ||||||
| Asset Management | $1.4B+9.5% | $1.27B+4.5% | $1.22B+2.8% | $1.19B+0.6% | $1.18B-0.6% | |
| Corporate | -$15.52M-52.5% | -$10.18M— | —— | —— | —— | |
| Financial Advisory | $1.83B-0.4% | $1.83B+1.2% | $1.81B+3.2% | $1.76B+5.1% | $1.67B-4.9% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Asset Management | $186.28M+71.0% | $108.96M+3.4% | $105.36M+11.0% | $94.89M+4.1% | $91.17M+4.7% | |
| Corporate | -$53.59M-8.4% | -$49.42M— | —— | —— | —— | |
| Financial Advisory | $15.08M+58.8% | $9.49M-56.0% | $21.6M+15.8% | $18.65M+16.0% | $16.08M-36.0% | |
| Revenue by Business | ||||||
| Asset Management | $1.32B+3.9% | $1.27B+4.5% | $1.22B+2.8% | $1.19B+0.6% | $1.18B-0.6% | |
| Financial Advisory | $1.83B-0.5% | $1.83B+1.2% | $1.81B+3.2% | $1.76B+5.1% | $1.67B-4.9% | |
| Adjusted Operating Income by Business | ||||||
| Asset Management | $291.47M+8.2% | $269.29M+5.4% | $255.4M+2.4% | $249.4M-3.8% | $259.38M-2.7% | |
| Corporate | -$278.99M-0.2% | -$278.39M+0.4% | -$279.54M-0.7% | -$277.66M-2.3% | -$271.3M-7.4% | |
| Financial Advisory | $399.37M-9.5% | $441.25M+1.8% | $433.6M+3.8% | $417.75M+10.7% | $377.35M-5.0% | |
| Adjusted Non-compensation Expense by Business | ||||||
| Asset Management | $260.27M+1.8% | $255.67M+3.1% | $247.96M+2.7% | $241.51M+3.4% | $233.6M+1.6% | |
| Corporate | $142.79M-1.6% | $145.11M-2.7% | $149.18M+0.8% | $147.97M-0.3% | $148.44M+3.7% | |
| Financial Advisory | $210.55M-0.7% | $212.03M+0.6% | $210.78M+1.3% | $208.02M+0.6% | $206.7M+2.3% | |
| Interest Income by Business | ||||||
| Asset Management | $8.78M-1.5% | $8.91M-9.8% | $9.88M-14.3% | $11.52M-12.7% | $13.19M-8.7% | |
| Corporate | $20.45M-16.1% | $24.37M-12.7% | $27.92M-15.6% | $33.07M-7.2% | $35.64M+3.6% | |
| Financial Advisory | $5.41M+3.9% | $5.21M+4.1% | $5.01M-9.9% | $5.55M+12.0% | $4.96M+4.9% | |
| Adjusted Compensation and Benefits Expense by Business | ||||||
| Asset Management | $658.37M+2.7% | $640.8M+4.9% | $611.02M+1.7% | $600.8M+0.9% | $595.46M-1.3% | |
| Corporate | $174.27M+1.0% | $172.52M-1.6% | $175.26M+1.9% | $172M+3.2% | $166.65M-0.9% | |
| Financial Advisory | $1.2B+2.6% | $1.17B+2.2% | $1.15B+3.1% | $1.11B+3.9% | $1.07B-5.5% | |
| Depreciation and amortization of property (included in adjusted non-compensation expense) by Business | ||||||
| Asset Management | $6.12M+1.1% | $6.05M+1.4% | $5.97M+2.7% | $5.81M+0.3% | $5.8M+1.6% | |
| Corporate | $19.68M-2.5% | $20.18M-1.9% | $20.57M-2.1% | $21.01M-2.8% | $21.62M-2.3% | |
| Financial Advisory | $7.71M-2.5% | $7.91M-0.6% | $7.96M-2.5% | $8.16M0.0% | $8.16M-2.8% | |
| Goodwill by Business | ||||||
| Asset Management | $324.72M-0.1% | $325.08M0.0% | $325.08M0.0% | $325.08M0.0% | $325.08M0.0% | |
| Financial Advisory | $1.26B+0.1% | $1.25B+0.1% | $1.25B+0.1% | $1.25B+0.1% | $1.25B0.0% | |
| Foreign currency translation adjustments by Business | ||||||
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Advisory | $847K-49.8% | $1.69M+150% | $676K— | —— | —— | |
| Revenue by Product | ||||||
| Incentive Fees | $73.46M+2.7% | $71.54M+10.7% | $64.61M+19.2% | $54.19M+3.2% | $52.5M+1.9% |
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.