Company Analysis

Lazard, Inc. (LAZ)

NYSE: LAZ · Investment Advice · New York, NY · filing with the SEC since 2004
Grade3.8
◀ Past 4.6● Present 3.3▶ Future 3.8

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 23, 2026Feb 24, 2025Feb 23, 2024Feb 23, 2023Feb 28, 2022Feb 26, 2021Feb 25, 2020Feb 26, 2019Feb 27, 2018Feb 24, 2017
Revenue3,186,4663,139,9042,593,1622,855,0933,273,8162,646,7692,666,9582,884,8332,697,8292,383,663
For lenders
Interest and dividend income38,49253,60442,02229,4575,5515,66615,78713,1277,1445,233
Interest expense on deposits and borrowings87,61988,06777,673·······
Total costs and expenses2,771,2492,665,3652,595,4462,256,7232,469,2002,063,9972,194,0752,145,5861,818,8651,815,910
Operating income327,598386,472-79,957516,848723,848502,141392,698680,766825,446517,461
Interest expense87,28287,79577,45776,52880,76880,63180,18558,48153,51850,292
Income before income taxes327,598386,472-79,957·······
Income tax expense76,57899,764-22,650124,365181,30399,44994,982148,317565,599123,769
Net income including non-controlling interests251,020286,708-57,307392,483542,545402,692297,716532,449259,847393,692
Net income to non-controlling interests14,1896,79618,17234,96614,48123111,2165,3246,2645,994
Net income236,831279,912-75,479357,517528,064402,461286,500527,125253,583387,698
Net income to common shareholders230,910273,026-79,919351,785519,417394,794283,110527,125253,583387,698
Earnings per share, basic2.372.93-0.903.684.903.692.574.432.093.11
Earnings per share, diluted2.172.68-0.903.514.633.542.444.061.912.92
Weighted average shares, basic97,479,09293,139,35288,993,98595,664,129106,035,808106,862,739110,189,862119,006,531121,573,442124,770,401
Weighted average shares, diluted106,338,079102,392,17188,993,985100,997,674113,674,699113,483,380116,079,806129,767,592132,479,728132,633,630
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton LAZ · research, not advice