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

Lazard reports Q2 2025 net revenue up 16% to $796 million; diluted EPS $0.52

Positive Impact 3 of 5 earnings Written later

Lazard reported second-quarter 2025 results on July 24, 2025. GAAP net revenue rose 16% to $796 million and GAAP diluted EPS rose 6% to $0.52, with Financial Advisory driving most of the growth. Adjusted diluted EPS was flat at $0.52, and average AUM fell 3% year over year to $239 billion, so shareholders saw higher revenue but little change in adjusted per-share profit.

Key points

  • GAAP net revenue was $796 million, up 16% from $685 million in Q2 2024; adjusted net revenue was $770 million, up 12%.
  • Net income attributable to Lazard was $55 million, or $0.52 per diluted share, compared with $0.49 a year earlier; adjusted diluted EPS was flat at $0.52.
  • Financial Advisory net revenue was $497 million, up 21%; Asset Management net revenue was $292 million, up 2%.
  • The board declared a quarterly dividend of $0.50 per share on July 23, 2025, payable August 15, 2025, to holders of record on August 4, 2025.

The filing

CompanyLazard (LAZ)
Form8-K, current report
Filed with the SECJul 24, 2025, 6:32 AM ET
Accession number0001628280-25-035825

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 July 24, 2025.

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