NYSE · INVESTMENT ADVICE · LARGE CAP
Lazard, Inc. LAZ
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.2B
▲ 1.5% vs FY2024
EPS · FY25
$2.17
Dividend / sh · FY25
$2.00
Payout · FY25
79%
ROE · FY25
31.4%
Net margin · FY25
7.4%
Dividend coverage
1.1×
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Result
USD 3.2B
Revenue, FY2025 · full 18-year series below
Revenue
Net income
7 cents of every revenue dollar became profit this year.
Per share
USD 2.17
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.1 times — the rest stayed in the company.
Profitability
31.4%
Return on equity, FY2025
ROE
Operating margin10.3%
Net margin7.4%
Return on assets4.9%
Each USD of equity produced 31 cents of profit this year.
Returned to shareholders
USD 277.6M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 186.6M
Net buybacksUSD 91.0M
Share of profit117.2%
Consecutive raises—
USD 186.6M in dividends and USD 91.0M in buybacks — 117% of the year's profit, so the payout drew on cash built up earlier.
Growth
+3.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.7%
+3.8%
+2.9%
+3.1%
Net income
−12.8%
−10.1%
−13.3%
+2.0%
EPS, diluted
−14.8%
−9.3%
−11.5%
+3.2%
Dividend / share
+1.0%
+1.2%
−1.6%
+9.7%
Returned to shareholders
−31.8%
−1.0%
−5.0%
+2.2%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 4.9B
total assets, end of FY2025
Total assetsUSD 4.9B
EquityUSD 873.7M
CashUSD 1.5B
Gross debtUSD 1.7B
Net debtUSD 218.7M
Net debt stands at 25% of equity.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.2
3.1
2.6
2.9
3.3
2.6
2.7
2.9
2.7
2.4
2.4
2.4
2.1
2.0
1.9
2.0
1.6
1.7
Operating income $B
0.3
0.4
−0.1
0.5
0.7
0.5
0.4
0.7
0.8
0.5
−0.0
0.5
0.2
0.1
0.2
0.2
−0.2
0.0
EBITDA $B
0.4
0.4
−0.0
0.6
0.8
0.5
0.4
0.7
0.9
0.6
0.0
0.6
0.3
0.2
0.3
·
·
·
Income tax $B
0.1
0.1
−0.0
0.1
0.2
0.1
0.1
0.1
0.6
0.1
−1.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
Net income $B
0.2
0.3
−0.1
0.4
0.5
0.4
0.3
0.5
0.3
0.4
1.0
0.4
0.2
0.1
0.2
0.2
−0.1
0.0
EPS, diluted $
2.17
2.68
−0.90
3.51
4.63
3.54
2.44
4.06
1.91
2.92
7.40
3.20
1.21
0.65
1.36
1.36
−1.68
0.06
Dividend / sh $
2.00
2.00
2.00
1.94
1.88
1.88
2.35
3.03
2.81
2.69
2.35
1.20
1.00
1.16
0.60
0.50
0.45
0.40
Payout %
79
64
−229
51
37
49
89
68
135
87
29
34
76
160
40
29
−26
735
ROE %
31.4
52.8
−15.4
46.7
56.0
52.9
37.5
49.8
20.8
30.4
97.7
67.4
28.4
13.0
25.4
34.7
−36.6
·
Shares out B
·
·
·
·
·
·
·
·
·
·
0.13
0.13
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
35 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed