Lazard, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | $2.9B | $3.3B |
| Operating income | $327.6M | $386.5M | -$80.0M | $516.8M | $723.8M |
| Cash from operations | $519.3M | $742.8M | $164.7M | $834.0M | $866.1M |
| Capital expenditure | $31.9M | $45.5M | $28.3M | $49.5M | $39.7M |
| Free cash flow | $487.4M | $697.3M | $136.4M | $784.5M | $826.4M |
| Share repurchases | $91.0M | $59.5M | $102.1M | $691.7M | $406.1M |
| Impairments | $0 | $0 | $19.1M | $0 | $0 |
| Total assets | $4.9B | $4.8B | $4.6B | $5.9B | $7.1B |
| Total liabilities | $4.0B | $4.0B | $4.1B | $4.6B | $5.5B |
| Total debt | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B |
Shares outstanding 111.7M · Free float 99.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.