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AI brief of an SEC Form 8-K · Lazard (LAZ)

Lazard first-quarter net revenue falls 15% to $648 million; diluted EPS $0.56

Mixed Impact 3 of 5 earnings Written later

Lazard reported first-quarter 2025 results on April 25, 2025. U.S. GAAP net revenue fell 15% from a year earlier to $648 million, while GAAP net income rose 69% to $60 million, or $0.56 per diluted share. On an adjusted basis, diluted EPS fell 15% to $0.56 from $0.66, and the company declared a $0.50 quarterly dividend.

Key points

  • Net revenue of $648 million was down 15% from $765 million; adjusted net revenue of $643 million was down 14%.
  • U.S. GAAP net income of $60 million, or $0.56 per diluted share, compared with $36 million, or $0.35, a year earlier; adjusted diluted EPS was $0.56 versus $0.66.
  • Ending assets under management were $227 billion at March 31, 2025, down 9% from $250 billion a year earlier.
  • Quarterly dividend of $0.50 per share, payable May 16, 2025, to holders of record on May 5, 2025.

The filing

CompanyLazard (LAZ)
Form8-K, current report
Filed with the SECApr 25, 2025, 6:31 AM ET
Accession number0001628280-25-019784

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.