Lazard Reports Q3 2026 Revenue Growth Driven by Financial Advisory and Asset Management
Lazard, Inc. (LAZ) reported strong third-quarter results for 2026, with adjusted net revenue rising 11% year-over-year to $805 million. This growth was fueled by record performance in financial advisory services across the Americas and the U.K., alongside a 12% increase in asset management revenue driven by record management fees. The company is executing its 'Lazard 2030' strategy, highlighted by the upcoming acquisition of Campbell Lutyens which will launch Lazard CL as a new private capital advisory business. While adjusted diluted EPS fell to $0.36 from $0.56 in the prior year, management noted a robust weighted pipeline that is double previous levels, suggesting strong revenue potential for 2027. Despite record gross inflows of $54 billion in the first nine months, the firm faced third-quarter net outflows of $2.3 billion. Management remains focused on operational modernization and talent acquisition to sustain long-term growth amidst a cautious private equity M&A environment.
Tickers: $LAZ
Topics: Asset Management AUM Financial Advisory M&A Revenue Growth
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