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Lazard (LAZ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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Lazard (LAZ - Free Report) reported $892.11 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.8%. EPS of $0.80 for the same period compares to $0.78 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $810.16 million, representing a surprise of +10.12%. The company delivered an EPS surprise of +18.08%, with the consensus EPS estimate being $0.68.

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 - Total Equity: $199.26 billion compared to the $203.57 billion average estimate based on two analysts.
  • Assets under management - Total Fixed Income: $45.64 billion versus the two-analyst average estimate of $48.09 billion.
  • Assets under management - Net Flows: $-19.71 billion versus $-11.19 billion estimated by two analysts on average.
  • Assets under management - End of Period: $254.30 billion versus the two-analyst average estimate of $260.69 billion.
  • Adjusted net revenue- Asset Management: $338.59 million compared to the $316.2 million average estimate based on three analysts. The reported number represents a change of +17.9% year over year.
  • Adjusted net revenue- Financial Advisory: $541.63 million versus the three-analyst average estimate of $483.88 million. The reported number represents a year-over-year change of +6.7%.
  • Adjusted net revenue- Corporate: $11.89 million versus $10.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -32.2% change.

View all Key Company Metrics for Lazard here>>>

Shares of Lazard have returned +10.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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