Lazard Reports Third Quarter 2026 Results with Revenue Growth Driven by Asset Management
Lazard, Inc. reported third-quarter 2026 net revenue of $814 million on a U.S. GAAP basis, representing a 9% increase compared to the same period in 2025. While adjusted net revenue grew by 11% year-over-year, the firm saw a significant decline in GAAP net income, which fell to $29 million from $71 million in the prior year's third quarter. The growth was primarily driven by the Asset Management segment, which saw a 9% increase in GAAP revenue and record year-to-date gross inflows. Financial Advisory also showed strength with a 10% increase in quarterly revenue. Looking ahead, Lazard plans to launch its new private capital advisory business, Lazard CL, in early November 2026 and continues to integrate AI across its operating model to improve margins.
Tickers: $LAZ
Topics: earnings per share financial results net income revenue growth