Lazard Reports Third Quarter And Nine Month 2026 Results

NEW YORK, October 22, 2026 – Lazard, Inc. (NYSE: LAZ) today reported net revenue on a U.S. GAAP basis of $814 million and adjusted net revenue¹ of $805 million for the quarter ended September 30, 2026. For the first nine months of 2026, Lazard reported net revenue on a U.S. GAAP basis of $2,378 million and adjusted net revenue¹ of $2,264 million.

On a U.S. GAAP basis, Lazard reported third-quarter 2026 net income of $29 million or $0.26 per share, diluted. For the first nine months of 2026, net income on a U.S. GAAP basis was $135 million or $1.20 per share, diluted. On an adjusted basis¹, Lazard reported third-quarter 2026 net income of $40 million or $0.36 per share, diluted. For the first nine months of 2026, adjusted net income¹ was $100 million or $0.90 per share, diluted.

“Our Lazard 2030 strategy continues to progress as planned, with strong momentum firm-wide,” said Peter R. Orszag, CEO and Chairman. “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.”

“Our third quarter results show increasing traction from efforts to reposition our businesses, with firmwide adjusted net revenue up 11 percent year-over-year,” said Tracy Farr, CFO. “We continue to advance initiatives to simplify and modernize our operating model and embed AI across the firm, with the goals of improving client outcomes, supporting a more effective way of working for our colleagues, and improving our margin over time.”

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