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Lazard, Inc.

LAZ Finance Investment Managers
$37.30
▲ +1.7% Today
as of Oct 22, 16:50 ET
Last 30 days -6.14% Sep 14 → Oct 22
$34.25 $35.73 $37.20 $38.67 $40.15 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$35.06
High
$37.53
Low
$35.00
Volume
$3M
Avg Vol
$2M
Mkt Cap
$3.5B
P/E (TTM)
17.35
Beta
—
52w High
$58.75
52w Low
$34.13
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 25 items

Oct 22 · 10:50 Zacks
Lazard (LAZ) Misses Q3 Earnings and Revenue Estimates
Oct 22 · 10:44 MT Newswires
Lazard Q3 Adjusted Earnings Fall, Revenue Rises
Oct 22 · 10:40 Associated Press
Lazard: Q3 Earnings Snapshot
▸ Show all 25 press releases & news Free account →

LAZ earnings at a glance

The options market is pricing a move of about ±5.9% after the report, a range of roughly $35.09 to $39.51 from today's $37.30. Over its last 6 reports the stock rose the next day 1 time and fell 5, moving ±2.6% on average; after the most recent report on Jul 23, 2026 it moved -1.2%. That means options currently expect more movement than LAZ has typically delivered. LAZ beat the consensus EPS estimate in 4 of its last 6 reported quarters. Implied volatility is currently 50%. The share price of $37.30 sits near its 52-week low.

More Finance stocks · All stocks · Earnings calendar

Overview

52-week range
$34
$59
13% of range
Avg surprise (last 6)
+15.6%
Avg reaction (last 6)
-1.8%
17% positive
Latest IV / EM
50%
EM ±5.9% · $36 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-1.41$-0.80$-0.20$0.41$1.02 Actual $-0.27Actual $-1.41Actual $0.06Actual $0.35Actual $0.49Actual $1.02Actual $0.56Est $0.29Actual $0.52Est $0.38Actual $0.56Est $0.41Actual $0.80Est $0.68Actual $0.42Est $0.52Actual $0.12Est $0.42 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$0$215M$429M$644M$858M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu Jul 23, 2026Jun/2026 $0.12 $0.42 -71.4% -19.2% -1.2% earnings
Fri May 1, 20268K 2026-05-01 $0.42 $0.52 -19.2% — -6.9% earnings
Thu Jan 29, 20268K 2026-01-29 $0.80 $0.68 +17.6% — +2.2% earnings
Thu Oct 23, 2025Sep/2025 $0.56 $0.41 +36.6% — -1.3% earnings
Thu Jul 24, 2025Jun/2025 $0.52 $0.38 +36.8% — -0.7% earnings
Fri Apr 25, 2025Mar/2025 $0.56 $0.29 +93.1% — -3.1% earnings
Mon Sep 30, 2024Sep 2024 $1.02 — — — — financials
Sun Jun 30, 2024Jun 2024 $0.49 — — — — financials
Sun Mar 31, 2024Mar 2024 $0.35 — — — — financials
Sat Sep 30, 2023Sep 2023 $0.06 — — — — financials
Fri Jun 30, 2023Jun 2023 $-1.41 — — — — financials
Fri Mar 31, 2023Mar 2023 $-0.27 — — — — financials
Fri Sep 30, 2022Sep 2022 $1.06 — — — — financials

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue$779M—$771M$817M$669M—$807M$708M
Cost of revenue————————
Gross profit————————
Operating income$90M—$95M$93M$55M—$161M$64M
Net income$101M—$71M$55M$60M—$108M$50M
EPS (diluted)$0.91—$0.65$0.52$0.56—$1.02$0.49

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents$1.02B$1.47B$1.17B$978M$909M$1.31B$1.17B$848M
Inventory————————
Total current assets————————
Total assets$4.24B$4.94B$4.63B$4.49B$4.23B$4.79B$4.82B$4.53B
Long-term debt$1.69B$1.69B$1.69B$1.69B$1.69B$1.69B$1.85B$1.85B
Total liabilities$3.29B$3.95B$3.68B$3.62B$3.50B$4.03B$4.06B$3.93B
Total equity$881M$869M$842M$786M$644M$636M$680M$514M

Implied volatility — last 90 days

29%50%71%92%112% Jun 07 — IV 60% · EM ±8.3%Jun 08 — IV 55% · EM ±7.3%Jun 09 — IV 63% · EM ±7.9%Jun 10 — IV 59% · EM ±7.0%Jun 11 — IV 62% · EM ±6.8%Jun 12 — IV 54% · EM ±5.5%Jun 15 — IV 50% · EM ±3.6%Jun 16 — IV 80% · EM ±4.7%Jun 17 — IV 68% · EM ±2.8%Jun 19 — IV 47% · EM ±10.3%Jun 22 — IV 49% · EM ±10.1%Jun 23 — IV 47% · EM ±9.7%Jun 24 — IV 51% · EM ±10.2%Jun 25 — IV 47% · EM ±9.2%Jun 26 — IV 47% · EM ±9.0%Jun 29 — IV 50% · EM ±8.9%Jun 30 — IV 48% · EM ±8.3%Jul 01 — IV 55% · EM ±9.2%Jul 02 — IV 45% · EM ±7.3%Jul 03 — IV 47% · EM ±7.3%Jul 06 — IV 50% · EM ±7.0%Jul 07 — IV 54% · EM ±7.1%Jul 08 — IV 47% · EM ±5.9%Jul 09 — IV 53% · EM ±6.3%Jul 10 — IV 30% · EM ±3.3%Jul 13 — IV 61% · EM ±5.1%Jul 14 — IV 64% · EM ±4.6%Jul 15 — IV 97% · EM ±5.7%Jul 16 — IV 113% · EM ±4.7%Jul 20 — IV 49% · EM ±11.5%Jul 21 — IV 53% · EM ±12.4%Jul 22 — IV 54% · EM ±12.4%Jul 23 — IV 49% · EM ±11.0%Jul 24 — IV 47% · EM ±10.5%Jul 27 — IV 50% · EM ±10.4%Jul 28 — IV 49% · EM ±9.9%Jul 29 — IV 43% · EM ±8.6%Jul 30 — IV 54% · EM ±10.5%Jul 31 — IV 42% · EM ±8.0%Aug 03 — IV 45% · EM ±8.0%Aug 04 — IV 52% · EM ±9.0%Aug 05 — IV 46% · EM ±7.7%Aug 06 — IV 60% · EM ±9.7%Aug 07 — IV 51% · EM ±8.0%Aug 10 — IV 54% · EM ±7.5%Aug 11 — IV 64% · EM ±8.5%Aug 12 — IV 37% · EM ±4.7%Aug 13 — IV 61% · EM ±7.2%Aug 14 — IV 55% · EM ±6.1%Aug 17 — IV 62% · EM ±5.1%Aug 18 — IV 35% · EM ±2.5%Aug 19 — IV 84% · EM ±5.0%Aug 20 — IV 64% · EM ±2.7%Aug 24 — IV 42% · EM ±8.8%Aug 25 — IV 37% · EM ±7.6%Aug 26 — IV 42% · EM ±8.4%Aug 27 — IV 42% · EM ±8.2%Aug 28 — IV 41% · EM ±7.9%Aug 31 — IV 48% · EM ±8.5%Sep 01 — IV 57% · EM ±9.7%Sep 02 — IV 46% · EM ±7.6%Sep 03 — IV 47% · EM ±7.6%Sep 04 — IV 33% · EM ±5.1%Sep 07 — IV 37% · EM ±5.1%Sep 08 — IV 36% · EM ±4.7%Sep 09 — IV 73% · EM ±9.1%Sep 10 — IV 55% · EM ±6.4%Sep 14 — IV 106% · EM ±8.9%Sep 15 — IV 107% · EM ±7.8%Sep 16 — IV 103% · EM ±6.1%Sep 17 — IV 93% · EM ±3.9%Sep 21 — IV 56% · EM ±11.8%Sep 22 — IV 54% · EM ±11.0%Sep 23 — IV 49% · EM ±9.8%Sep 24 — IV 49% · EM ±9.6%Sep 25 — IV 52% · EM ±9.9%Sep 28 — IV 60% · EM ±10.5%Sep 29 — IV 63% · EM ±10.8%Sep 30 — IV 65% · EM ±10.8%Oct 01 — IV 62% · EM ±9.9%Oct 02 — IV 56% · EM ±8.7%Oct 05 — IV 41% · EM ±5.7%Oct 06 — IV 67% · EM ±8.9%Oct 07 — IV 53% · EM ±6.6%Oct 08 — IV 50% · EM ±5.9%

Sector peers

CNS
Cohen & Steers Inc
$3.6B $72.07+0.1%
AAMI
Acadian Asset Management Inc.
$3.3B $92.79-1.7%
AB
AllianceBernstein Holding L.P.
$3.3B $35.13+0.8%
HTGC
Hercules Capital, Inc.
$3.1B $16.49+1.3%
FSK
FS KKR Capital Corp.
$3.0B $10.53+4.0%
FHI
Federated Hermes, Inc.
$4.2B $57.67+3.0%

LAZ earnings FAQ

What is LAZ's expected move for earnings?

Options currently price a move of about ±5.9%, or $2.21 per share either way from $37.30.

How does LAZ stock usually react to earnings?

Across the last 6 reports the average next-day move was ±2.6%, up 1 times and down 5 times.

What is LAZ's implied volatility?

LAZ's at-the-money implied volatility is about 50% based on the latest options snapshot.

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