Lazard Reports Third Quarter and Nine Month 2026 Results
PR Newswire•22/10/2026•06:30 ET
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Key Highlights
- ➤Q3 adjusted net revenue $805 million, up 11% year over year
- ➤Q3 adjusted net income $40 million, down 35% year over year
- ➤Asset Management Q3 adjusted revenue $330 million, up 12% year over year
- ➤Nine-month average AUM $277 billion, up 14%, with $5.1 billion net inflows
- ➤Lazard declared quarterly dividend of $0.50 per share, payable November 13
Expert Statements
Peter R. Orszag, CEO and Chairman of Lazard
“Our Lazard 2030 strategy continues to progress as planned, with strong momentum firm-wide”
Peter R. Orszag, CEO and Chairman of Lazard
“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.”
Peter R. Orszag, CEO and Chairman of Lazard
“In Asset Management, record year-to-date gross inflows reflect improving investment performance and focused distribution efforts.”
Peter R. Orszag, CEO and Chairman of Lazard
“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.”
Tracy Farr, CFO of Lazard
“Our third quarter results show increasing traction from efforts to reposition our businesses, with firm-wide adjusted net revenue up 11 percent year-over-year.”
Tracy Farr, CFO of Lazard
“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.”
Lazard Reports Third Quarter and Nine Month 2026 Results PR Newswire
NEW YORK, Oct. 22, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) today reported net revenue on a U.S. GAAP basis of $814 million and adjusted net revenue(1) 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 revenue(1) of $2,264 million.
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