)
Visual24 Oct 2025
The rise of Alphabet
Lazard (LAZ) investor relations material
Lazard Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Achieved record third-quarter adjusted net revenue of $725 million, up 12% year-over-year, with strong performance in both Financial Advisory and Asset Management segments.
Financial Advisory and Asset Management delivered record results, with 20 new Managing Directors hired year-to-date, supporting long-term growth and productivity goals.
Strategic goals include doubling revenue by 2030, maintaining high relevance, and targeting 10–15% annual total shareholder return.
Investments in AI and technology are accelerating operational excellence and client insights.
Announced leadership transition with Chris Hogbin to become CEO of Asset Management.
Financial highlights
Adjusted net revenue for 2024 was $2.89 billion, up 18% year-over-year; first nine months of 2025 adjusted net revenue was $2.14 billion.
Q3 2025 U.S. GAAP net revenue was $748 million, down 5% year-over-year; adjusted net revenue was $725 million, up 12%.
Q3 2025 adjusted net income was $62 million ($0.56 per diluted share), up 56% year-over-year; nine-month adjusted net income was $178 million ($1.64 per diluted share), up 12%.
Ending AUM reached $265 billion, up 17% year-to-date.
Annual dividend per share was $2.00 in 2024, with continued share repurchases.
Outlook and guidance
Revenue is targeted to double by 2030, with continued expansion in key geographies and sectors.
Management sees a constructive environment for both Financial Advisory and Asset Management, with substantial client engagement and momentum in long-term growth strategy.
Total shareholder return is targeted at 10–15% per year through 2030.
Asset Management flows expected to remain net positive, with continued focus on high-growth strategies and global diversification.
Focus on margin expansion through higher revenues and prudent cost management.
Target MD productivity by 2030?
AM business repositioning strategy
Dispersion's impact on M&A and restructuring
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Lazard earnings date
Q4 20256 Feb, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Lazard Ltds financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, capital advisory, restructurings, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory matters. This segment provides advice on strategic transactions and financing alternatives to corporations, partnerships, institutions, governments, and municipalities. The segment also offers financial valuations; fairness opinions relating to capital-raising transactions; debt restructuring advice in connection with out-of-court restructurings and Chapter 11 proceedings; shareholder advisory relating to activist shareholders or hostile takeovers of public companies; advice on capital structuring and intercreditor issues for financing of acquisition of companies through leveraged buyouts or other transactions for private equity funds; advice on the reduction of corporate expenses; analysis on the tax implications of strategic transactions; and certain litigation consulting services.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage