UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ 001-32492 (Commission File Number) _________________________ ...

核心业绩表现 - 第三季度调整后每股收益为0.56美元，超出市场预期的0.41美元，较去年同期的0.38美元有所增长 [1] - 季度调整后净收入为7.246亿美元，同比增长12.4%，超出市场预期3.9% [3] - 公司GAAP净收入为7120万美元，较去年同期下降34% [2] 收入与费用分析 - 运营费用为7.029亿美元，同比增长12.2% [4] - 调整后薪酬费用占运营收入比例为65.5%，低于去年同期的66% [4] - 调整后非薪酬费用占运营收入比例为20.5%，低于去年同期的21.4% [4] 各业务板块表现 - 金融咨询业务调整后运营收入为4.223亿美元，同比增长14%，超出预期的4.206亿美元 [5] - 资产管理业务调整后运营收入为2.942亿美元，同比增长8%，超出预期的2.566亿美元 [5] - 企业及其他业务调整后运营收入为810万美元，同比增长46%，略低于预期的990万美元 [6] 资产管理规模 - 截至2025年9月30日，总资产管理规模达2645亿美元，同比增长16.9%，超出预期的2596亿美元 [7] - 当季录得46亿美元的资金净流入，以及116亿美元的市场及外汇增值 [7] - 报告季度平均资产管理规模为2574亿美元，同比增长4.6% [7] 资产负债表与资本回报 - 现金及现金等价物总计12亿美元，较上季度增长19.8%，超出预期的11亿美元 [10] - 股东权益为8.786亿美元，较上季度增长11.7%，超出预期的7.322亿美元 [10] - 第三季度回购了100万美元普通股，截至季末仍有约1.59亿美元的回购授权额度 [11] 同业表现 - Blackstone第三季度可分配每股收益为1.52美元，超出预期的1.22美元，同比飙升50% [14] - BlackRock第三季度调整后每股收益为11.55美元，超出预期的11.25美元，资产管理规模创下13.46万亿美元纪录 [15]

Goldman Sachs raised its price target for Lazard (NYSE: LAZ) from $45 to $46 while maintaining a "Sell" rating.Lazard reported a significant earnings surprise with an EPS of $0.56, surpassing the Zacks Consensus Estimate of $0.41.Revenue for the quarter was $724.65 million, exceeding expectations and indicating a strong performance in the financial sector.On October 23, 2025, Goldman Sachs maintained its "Sell" rating for Lazard (NYSE: LAZ), a prominent financial advisory and asset management firm. Despite ...

核心业绩表现 - 2025年第三季度每股收益为0.56美元，远超市场预估的0.44美元，较去年同期的0.38美元有显著提升，超出市场一致预期0.41美元达36.59% [2][6] - 2025年第三季度营收达7.4808亿美元，超过市场预估的7.2625亿美元，较去年同期的6.4591亿美元增长12.2%，营收超预期幅度为3.85% [3][6] 市场估值指标 - 公司市盈率约为15.04，反映了市场对其盈利的估值水平 [4] - 市销率约为1.46，企业价值与销售额比率为1.31，显示了其总估值与营收的关系 [4] 财务健康状况 - 债务与权益比率为0.70，表明公司在资产融资方面采取了平衡的策略 [5] - 流动比率为1.89，显示出公司用短期资产覆盖短期负债的能力强劲 [5] - 盈利收益率为6.65%，为投资者提供了公司财务前景的全面视角 [5]

Joining us now first on CNBC Lazar chairman and CEO Peter Orzag. Peter was also the former director of the office of management and budget during the Obama administration. Peter, it's good to see you.Thank you for joining us. Uh we don't normally do this. >> Uh but perhaps you start on the restructuring side of your business because you have such a unique insight into what's going on there.Um what are you seeing in terms of the pipeline there. uh what is the dialogue with clients and customers in light of s ...

Lazard (NYSE:LAZ) Q3 2025 Earnings Call October 23, 2025 08:00 AM ET Company ParticipantsAlexandra Deignan - Head of Investor Relations and TreasuryPeter Orszag - CEO and ChairmanMary Ann - CFOConference Call ParticipantsRyan Kenny - AnalystBrendan O’Brien - AnalystAlex Bond - AnalystJim Mitchell - AnalystBrennan Hawken - AnalystJames Yaro - AnalystOperatorGood morning and welcome to Lazard's third quarter and first nine months 2025 earnings. Call is being recorded. Currently, all participants are in a list ...

Lazard (NYSE:LAZ) Q3 2025 Earnings Call October 23, 2025 08:00 AM ET Company ParticipantsAlexandra Deignan - Head of Investor Relations and TreasuryPeter Orszag - CEO and ChairmanMary Ann - CFOConference Call ParticipantsRyan Kenny - AnalystBrendan O’Brien - AnalystAlex Bond - AnalystJim Mitchell - AnalystBrennan Hawken - AnalystJames Yaro - AnalystOperatorGood morning and welcome to Lazard's third quarter and first nine months 2025 earnings. Call is being recorded. Currently, all participants are in a list ...

Lazard Ltd (NYSE:LAZ) is expected to report an earnings per share (EPS) of $0.44 and revenue of $726.25 million for the upcoming quarter.The company's EPS is anticipated to mark a 7.9% increase year-over-year, with revenue expected to grow by 8%.Despite positive growth projections, the consensus EPS estimate has been revised downwards by 1.8% over the past 30 days.Lazard Ltd (NYSE:LAZ), a leading financial advisory and asset management firm, is gearing up to release its quarterly earnings on October 23, 202 ...

Lazard (NYSE:LAZ) Q3 2025 Earnings Call October 23, 2025 08:00 AM ET Speaker0Good morning, and welcome to Lazard's Third Quarter and First Nine Months twenty twenty five Earnings Conference Call is being recorded. Currently, all participants are in a listen only mode. Following the remarks, we will conduct a question and answer session. Instructions will be provided at that time. At this time, I will turn the call over to Alexandra Lazard's Head of Investor Relations and Treasury.Please go ahead.Speaker1Goo ...

Lazard (NYSE:LAZ) Q3 2025 Earnings Call October 23, 2025 08:00 AM ET Speaker3Good morning and welcome to Lazard's third quarter and first nine months 2025 earnings. Call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question and answer session. Instructions will be provided at that time. If anyone should require assistance during the call, please press the star key followed by zero on your telephone keypad. At this time, I will turn the ca ...