Lazard, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Lazard, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.19B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $3.14B | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $2.59B | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $2.86B | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $3.27B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $2.65B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $2.67B | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $2.88B | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $2.70B | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $2.38B | Feb 26, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $236.83M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $279.91M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | ($75.48M) | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $357.52M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $528.06M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $402.46M | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $76.98M | Feb 25, 2020 |
| FY2019 | Sep 30, 2019 | $46.70M | Feb 25, 2020 |
| FY2019 | Jun 30, 2019 | $65.78M | Feb 25, 2020 |
| FY2019 | Mar 31, 2019 | $97.04M | Feb 25, 2020 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $327.60M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $386.47M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | ($79.96M) | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $516.85M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $723.85M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $502.14M | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $118.98M | Feb 25, 2020 |
| FY2019 | Sep 30, 2019 | $52.37M | Feb 25, 2020 |
| FY2019 | Jun 30, 2019 | $101.69M | Feb 25, 2020 |
| FY2019 | Mar 31, 2019 | $119.66M | Feb 25, 2020 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $519.33M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $742.83M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $164.66M | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $833.98M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $866.08M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $575.93M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $677.95M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $699.04M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $1.03B | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $632.60M | Feb 26, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $31.95M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $45.50M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $28.30M | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $49.51M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $39.70M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $64.29M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $42.76M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $49.59M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $27.67M | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $38.75M | Feb 26, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.94B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $4.79B | Feb 23, 2026 |
| FY2024 | Dec 31, 2023 | $4.64B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $5.85B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $7.15B | Feb 23, 2023 |
| FY2022 | Dec 31, 2020 | $5.97B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $5.64B | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $5.00B | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $4.93B | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $4.56B | Feb 26, 2019 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.95B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $4.03B | Feb 23, 2026 |
| FY2024 | Dec 31, 2023 | $4.07B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $4.59B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $5.49B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $4.97B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $4.96B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $4.03B | Feb 25, 2020 |
| FY2018 | Dec 31, 2017 | $3.67B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $3.26B | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $873.66M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $636.24M | Feb 23, 2026 |
| FY2024 | Dec 31, 2023 | $423.76M | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $556.46M | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $975.22M | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $911.77M | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $609.99M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $916.85M | Feb 25, 2020 |
| FY2018 | Dec 31, 2017 | $1.20B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.24B | Feb 27, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $395.26M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $393.58M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $394.90M | Feb 23, 2026 |
| FY2025 | Dec 31, 2022 | $377.24M | Feb 23, 2026 |
| FY2024 | Dec 31, 2021 | $379.42M | Feb 24, 2025 |
| FY2023 | Dec 31, 2020 | $383.86M | Feb 23, 2024 |
| FY2022 | Dec 31, 2019 | $371.77M | Feb 23, 2023 |
| FY2021 | Dec 31, 2018 | $371.56M | Feb 28, 2022 |
| FY2020 | Dec 31, 2017 | $385.29M | Feb 26, 2021 |
| FY2019 | Dec 31, 2016 | $373.12M | Feb 25, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.49B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $1.47B | Feb 23, 2026 |
| FY2024 | Dec 31, 2023 | $1.40B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $1.68B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $1.56B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $1.30B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $1.19B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.20B | Feb 25, 2020 |
| FY2018 | Dec 31, 2017 | $1.08B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.13B | Feb 27, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.47B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $1.31B | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $971.32M | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $1.23B | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $1.47B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $1.39B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $1.23B | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $1.25B | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $1.48B | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $1.16B | Feb 26, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.69B | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $1.69B | Feb 23, 2026 |
| FY2024 | Dec 31, 2023 | $1.69B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $1.69B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $1.69B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $1.68B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $1.68B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.43B | Feb 25, 2020 |
| FY2018 | Dec 31, 2017 | $1.19B | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.19B | Feb 27, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 4 | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | 3 | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 25, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 4 | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | 3 | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Sep 30, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Jun 30, 2019 | 0 | Feb 25, 2020 |
| FY2019 | Mar 31, 2019 | 0 | Feb 25, 2020 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $186.58M | Feb 23, 2026 |
| FY2025 | Dec 31, 2024 | $179.02M | Feb 23, 2026 |
| FY2025 | Dec 31, 2023 | $173.08M | Feb 23, 2026 |
| FY2024 | Dec 31, 2022 | $181.88M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $195.94M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $196.60M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $254.92M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $359.64M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $341.45M | Feb 25, 2020 |
| FY2018 | Dec 31, 2016 | $336.14M | Feb 26, 2019 |