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Lazard (LAZ) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2025, Lazard (LAZ - Free Report) reported revenue of $724.65 million, up 12.2% over the same period last year. EPS came in at $0.56, compared to $0.38 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $697.79 million, representing a surprise of +3.85%. The company delivered an EPS surprise of +36.59%, with the consensus EPS estimate being $0.41.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Lazard performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Assets under management - End of Period: $264.54 billion compared to the $262.10 billion average estimate based on two analysts.
  • Assets under management - Total Fixed Income: $47.19 billion versus $48.65 billion estimated by two analysts on average.
  • Assets under management - Net Flows: $4.58 billion versus $-1.20 billion estimated by two analysts on average.
  • Adjusted net revenue- Asset Management: $294.19 million versus the three-analyst average estimate of $277.3 million. The reported number represents a year-over-year change of +8.4%.
  • Adjusted net revenue- Financial Advisory: $422.28 million versus the three-analyst average estimate of $410.21 million. The reported number represents a year-over-year change of +14.5%.
  • Adjusted net revenue- Corporate: $8.19 million versus $7.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +46.2% change.

View all Key Company Metrics for Lazard here>>>

Shares of Lazard have returned -9.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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