Lazard, Inc. filed its Form 10-Q with the Securities and Exchange Commission on October 26, 2026, covering the quarterly and nine-month periods ended September 30, 2026.

Key Highlights

  • Q3 net income attributable to Lazard: $29,160 thousand, down from $71,247 thousand in Q3 2025, according to the filing.
  • Q3 net revenue: $814,171 thousand, compared with $748,078 thousand in the prior-year quarter.
  • Nine-month net revenue: $2,378,422 thousand, versus $2,192,126 thousand for the nine months ended September 30, 2025.
  • Diluted EPS for Q3 2026: $0.26 per share, compared with $0.65 in Q3 2025.
  • Total assets as of September 30, 2026: $4,547,910 thousand, down from $4,936,272 thousand at December 31, 2025.
  • Shares outstanding as of October 16, 2026: 109,783,028, including 12,120,709 shares held in treasury by subsidiaries.

Lazard's Third-Quarter and Nine-Month 2026 Financial Results

According to the filing, Lazard, Inc. (NYSE:LAZ) reported third-quarter 2026 total revenue of $836,377 thousand, up from $770,764 thousand in Q3 2025. After deducting interest expense of $22,206 thousand, net revenue for the quarter was $814,171 thousand. Total operating expenses rose to $759,419 thousand from $653,148 thousand in the year-earlier period, resulting in operating income of $54,752 thousand compared with $94,930 thousand in Q3 2025. The company reported net income attributable to Lazard of $29,160 thousand for Q3 2026, with diluted earnings per share of $0.26.

For the nine months ended September 30, 2026, the filing reported net revenue of $2,378,422 thousand and total operating expenses of $2,196,493 thousand, producing operating income of $181,929 thousand. Net income attributable to Lazard for the nine-month period was $134,884 thousand, with diluted earnings per share of $1.20, compared with $1.72 for the same period in 2025. Compensation and benefits, the largest expense line, were $1,623,286 thousand for the nine months ended September 30, 2026, versus $1,447,690 thousand in the prior-year period.

The condensed consolidated balance sheet as of September 30, 2026, showed total assets of $4,547,910 thousand, with cash and cash equivalents of $1,263,956 thousand and senior debt of $1,690,252 thousand. Total Lazard stockholders' equity stood at $948,786 thousand, compared with $869,193 thousand at December 31, 2025. The company disclosed 109,783,028 shares issued as of October 16, 2026, including 12,120,709 shares held in treasury by subsidiaries.

What Was Disclosed

Lazard filed its quarterly report for the period ended September 30, 2026, disclosing unaudited financial statements, including the income statement, balance sheet, and cash flow statement, along with management's discussion and notes to the financial statements.