Lazard Inc (LAZ) — Financial statements
Income statement, balance sheet, and cash flow for Lazard Inc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,186↑3.2% | 3,086↑21.0% | 2,551↓9.7% | 2,826↓13.5% | 3,268 | |
| Cost of Revenue | 2,173↑8.5% | 2,003↑2.9% | 1,946↑17.5% | 1,656↓12.6% | 1,896 | |
| Gross Profit | 1,013↓6.5% | 1,083↑79.0% | 605↓48.2% | 1,169↓14.8% | 1,372 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 327↓1.2% | 331↑9.8% | 302↓10.3% | 336 | |
| Selling & Marketing Expenses | 118↑19.1% | 99↑0.1% | 99↑19.6% | 83↑94.4% | 43 | |
| SG&A Expenses | 118↓72.2% | 427↓0.9% | 431↑11.9% | 385↑1.5% | 379 | |
| Other Expenses | 479↑77.5% | 270↑6.1% | 254↓4.9% | 267↓0.8% | 270 | |
| Operating Expenses | 598↓14.2% | 697↑1.7% | 685↑5.0% | 652↑0.6% | 649 | |
| Total Costs & Expenses | 2,771↑2.6% | 2,700↑2.6% | 2,631↑14.0% | 2,309↓9.3% | 2,544 | |
| Operating Results | ||||||
| Operating Income | 415↑7.5% | 386↑583.3% | -80↓115.5% | 517↓28.6% | 724 | |
| Depreciation & Amortization | 34↓6.4% | 37↓15.4% | 43↑2.0% | 42↑10.3% | 38 | |
| EBITDA | 449↓12.1% | 511↑1150.0% | 41↓93.6% | 641↓24.0% | 843 | |
| EBIT | 415↓12.5% | 475↑20876.7% | -2↓100.4% | 598↓25.6% | 805 | |
| Interest & Other Income | ||||||
| Net Interest Income | -49↓42.5% | -34↑3.3% | -36↑31.5% | -52↑30.8% | -75 | |
| Interest Income | 38↓28.2% | 54↑27.6% | 42↑42.7% | 29↑430.7% | 6 | |
| Interest Expense | 88↓0.5% | 88↑13.4% | 78↓4.7% | 82↑0.9% | 81 | |
| Non-Operating Income | 0.11↑100.1% | -88↓13.4% | -78↑4.7% | -82↓0.9% | -81 | |
| Other Income / Expenses | -88 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 328↓15.2% | 386↑583.3% | -80↓115.5% | 517↓28.6% | 724 | |
| Income Tax Expense | 77↓23.2% | 100↑540.5% | -23↓118.2% | 124↓31.4% | 181 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 251↓12.4% | 287↑600.3% | -57↓114.6% | 392↓27.7% | 543 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 237↓15.4% | 280↑470.8% | -75↓121.1% | 358↓32.3% | 528 | |
| Bottom-Line Net Income | 231↓15.4% | 273↑441.6% | -80↓122.5% | 354↓32.7% | 526 | |
| EPS (Basic) | 2.43↓17.1% | 2.93↑425.6% | -0.90↓124.5% | 3.68↓24.9% | 4.90 | |
| EPS (Diluted) | 2.17↓19.0% | 2.68↑397.8% | -0.90↓125.6% | 3.51↓24.2% | 4.63 | |
| Weighted Average Shares | 97↑4.7% | 93↑4.7% | 89↓7.0% | 96↓9.8% | 106 | |
| Weighted Average Diluted Shares | 106↑3.9% | 102↑15.1% | 89↓11.9% | 101↓11.2% | 114 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.