Lazard LAZ Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Net Revenue (Loss) by Business | |||||
| Asset Management | $1.27B+7.4% | $1.19B+3.1% | $1.15B-4.4% | $1.2B-15.4% | |
| Corporate | -$10.18M— | —— | -$21.36M+78.1% | -$97.51M— | |
| Financial Advisory | $1.83B+4.4% | $1.76B+26.8% | $1.39B-16.9% | $1.67B-5.6% | |
| Segment Reporting, Other Segment Item, Amount by Business | |||||
| Asset Management | $108.96M+25.1% | $87.1M+3.8% | $83.94M-21.0% | $106.26M— | |
| Corporate | -$49.42M— | —— | -$36.59M+68.3% | -$115.48M— | |
| Financial Advisory | $9.49M-62.2% | $25.13M-11.9% | $28.52M+108% | $13.73M— | |
| Revenue by Business | |||||
| Asset Management | $1.27B+7.4% | $1.19B+3.1% | $1.15B-4.4% | $1.2B-15.4% | |
| Financial Advisory | $1.83B+4.4% | $1.76B+26.8% | $1.39B-16.9% | $1.67B-5.6% | |
| Adjusted Operating Income by Business | |||||
| Asset Management | $269.29M+1.0% | $266.58M-12.1% | $303.35M-9.6% | $335.72M— | |
| Corporate | -$278.39M-10.2% | -$252.66M+11.8% | -$286.59M-6.0% | -$270.49M— | |
| Financial Advisory | $441.25M+11.1% | $397.03M+167% | $148.82M-71.9% | $528.82M— | |
| Adjusted Non-compensation Expense by Business | |||||
| Asset Management | $255.67M+11.2% | $229.96M+5.1% | $218.9M+6.8% | $205.06M— | |
| Corporate | $145.11M+1.3% | $143.18M-9.9% | $158.94M+23.5% | $128.67M— | |
| Financial Advisory | $212.03M+5.0% | $202.01M+4.3% | $193.66M+5.0% | $184.44M— | |
| Interest Income by Business | |||||
| Asset Management | $8.91M-38.4% | $14.46M-26.8% | $19.75M+216% | $6.25M— | |
| Corporate | $24.37M-29.2% | $34.42M+66.2% | $20.71M+8.2% | $19.14M— | |
| Financial Advisory | $5.21M+10.1% | $4.73M+203% | $1.56M-61.7% | $4.07M— | |
| Adjusted Compensation and Benefits Expense by Business | |||||
| Asset Management | $640.8M+6.2% | $603.33M+10.6% | $545.31M-2.3% | $557.89M— | |
| Corporate | $172.52M+2.6% | $168.11M+17.7% | $142.88M-10.6% | $159.79M— | |
| Financial Advisory | $1.17B+3.5% | $1.13B+11.6% | $1.01B+8.0% | $939.16M— | |
| Depreciation and amortization of property (included in adjusted non-compensation expense) by Business | |||||
| Asset Management | $6.05M+6.0% | $5.7M-11.5% | $6.45M-31.1% | $9.36M— | |
| Corporate | $20.18M-8.8% | $22.13M-20.6% | $27.86M+33.2% | $20.92M— | |
| Financial Advisory | $7.91M-5.9% | $8.4M-0.7% | $8.46M-5.7% | $8.97M— | |
| Goodwill by Business | |||||
| Asset Management | $325.08M0.0% | $325.08M0.0% | $325.03M+25.9% | $258.16M0.0% | |
| Financial Advisory | $1.25B+0.3% | $1.25B-0.1% | $1.25B0.0% | $1.25B-0.9% | |
| Foreign currency translation adjustments by Business | |||||
| Asset Management | $0— | $0— | $0— | $0— | |
| Financial Advisory | $1.69M— | —— | —— | -$2.18M+50.9% | |
| Revenue by Product | |||||
| Incentive Fees | $71.54M+38.8% | $51.53M+74.4% | $29.55M-56.1% | $67.34M-44.1% | |
| Net Revenue (Loss) by Geography | |||||
| Americas | $1.62B+5.6% | $1.54B+28.8% | $1.19B-19.8% | $1.49B-16.5% | |
| Asia Pacific | $180.68M+16.8% | $154.76M-3.5% | $160.38M+7.0% | $149.88M-7.0% | |
| EMEA | $1.3B-4.8% | $1.36B+17.1% | $1.16B+2.2% | $1.14B-9.1% |
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.