Lazard Inc
LAZ · Price history
Price at last available close
$38.17
+$2.38 (+6.65%) 1M
2026-10-27
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Company & revenue
About Lazard Inc
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services.
How they make money
Lazard operates through two primary business segments: Financial Advisory and Asset Management. The firm generates revenue primarily through advisory fees for strategic services such as mergers and acquisitions, restructuring, and capital markets advice, as well as management and incentive fees derived from managing assets for institutional and individual clients.
Products & services
Financial advisory services including M&A, restructuring, and capital solutions; asset management services including investment advisory, asset allocation, and customized investment solutions.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
For the year ended December 31, 2025, the ten largest fee-paying clients in the Financial Advisory segment constituted approximately 17% of segment net revenue, with no individual client exceeding 10%.
Suppliers, materials & equipment
- Professional and support staff — The company relies on a global workforce of professionals and support staff to provide advisory and asset management services.Source
Strengths
- Global footprint with research, mandates, and clientsSource
Risks
- Market volatility and economic conditions affecting advisory and asset management feesSource
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-09-30.
Quarterly EPS fell 61.2% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
36
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
43
Weak
Financial Strength
48
Business Quality / Moat
11
Management
76
Growth Quality
39
Risk / Durability
46
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
29
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
35/100
Building Historical Record
Model Score 35/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for LAZ
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can LAZ maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is LAZ's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does LAZ's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What future growth or profitability would be needed to justify LAZ's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of LAZ's score?
Essential Investment Snapshot
Wall Street Score
36
Opportunity Score
29
Market Cap
$3.72B
P/E Ratio
20.4
EPS
$1.83
52-Week High
$58.75
52-Week Low
$34.13
Beta
1.46
Intrinsic Value
$30.47
Analyst Target
$40.00
Shares Outstanding
106.3M
Total Revenue
$3.37B
Total Debt
$2.16B
Dividend Yield (TTM)
5.24%
Liquidation Value / Share
$9.87
Dividend / Share (TTM)
$2.00
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for LAZ
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on LAZ.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global footprint with research, mandates, and clients.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Financial - Capital Markets industry.
- −Market volatility and economic conditions affecting advisory and asset management fees.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
40
Oct 22, 2026
Change
-3.2
points
Current Score
36
Oct 23, 2026
Category Changes
LAZ decreased 3.2 points because Capital declined by 9 points, Management declined by 13.8 points, Valuation declined by 9.5 points.
Negative Contributors
- − Capital declined by 9 points
- − Management declined by 13.8 points
- − Valuation declined by 9.5 points
- − Buffett declined by 2.6 points
Projected Score
Projected Score
35
Projected Change
-1.6 points
Preliminary comparable-period financial changes suggest decline of approximately 1.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$38.17
Model Intrinsic Value
$30.47
Difference
+$7.70
+25.3% vs IV
Margin of Safety
-25.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.37B | $3.19B | $3.09B | $2.55B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.83B | $2.17B | $2.00B | $1.95B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.54B | $1.01B | $1.08B | $605.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $211.3M | $118.5M | $426.7M | $430.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.21B | $597.8M | $696.6M | $685.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $336.2M | $449.4M | $510.8M | $40.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $304.6M | $415.3M | $386.5M | -$80.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $45.8M | $87.6M | $88.1M | $77.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $266.4M | $327.6M | $386.5M | -$80.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $68.7M | $76.6M | $99.8M | -$22.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $184.7M | $236.8M | $279.9M | -$75.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.83 | $2.43 | $2.93 | $-0.90 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 101M | 97.48M | 93.14M | 88.99M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 107M | 106M | 102M | 88.99M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$836.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.26
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.7%
Cash Change
+7.8%
Margin Change
-5.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 9.6%. EPS declined 61.2%. Cash increased 7.8%. Total debt declined 1.7%. Net income margin declined by 5.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
23
Smart Money
23
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Financial - Capital MarketsNews
What Lazard (LAZ) Said on Its Q3 Earnings Call
LAZARD GLOBAL TOTAL RETURN AND INCOME FUND DECLARES MONTHLY DISTRIBUTION AND ISSUES ESTIMATED SOURCES OF THE DISTRIBUTION ANNOUNCED IN SEPTEMBER
Lazard, Inc. (LAZ) Q3 2026 Earnings Call Transcript
Here's What Key Metrics Tell Us About Lazard (LAZ) Q3 Earnings
Rumor Mill · LAZ
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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