Lazard Reports First Quarter 2026 Results

Lazard, Inc. reported financial results for the first quarter ended March 31, 2026. The company announced a net revenue of $757 million and adjusted net revenue of $673 million. On a U.S. GAAP basis, net income was $101 million ($0.91 per share), and on an adjusted basis, net income was $47 million ($0.42 per share). The Financial Advisory segment reported net revenue of $360 million, a 2% decrease year-over-year, while Asset Management reported net revenue of $410 million, a 42% increase year-over-year. The company also announced a definitive agreement to acquire Campbell Lutyens. Lazard returned $174 million to shareholders in the first quarter, consisting of $47 million in dividends and $125 million for employee tax obligations. Assets Under Management (AUM) reached $259 billion, a 14% increase year-over-year.