Complete financial analysis of Lazard Ltd (LAZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lazard Ltd, a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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Lazard Ltd (LAZ)
About Lazard Ltd
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.55B | 2.86B | 3.27B | 2.65B | 2.67B | 2.88B | 2.70B | 2.38B | 2.40B | 2.36B | 2.06B | 1.99B | 1.83B | 1.89B | 1.53B | 1.56B | 1.92B | 1.49B | 1.30B | 1.27B | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 1.95B | 1.74B | 1.98B | 1.63B | 1.64B | 1.57B | 1.57B | 1.39B | 1.37B | 1.38B | 1.36B | 1.43B | 1.33B | 1.33B | 1.45B | 1.28B | 1.28B | 979.36M | 787.89M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 605.13M | 1.12B | 1.30B | 1.02B | 1.02B | 1.31B | 1.13B | 992.83M | 1.03B | 986.84M | 706.82M | 561.32M | 499.63M | 555.23M | 83.27M | 273.97M | 633.49M | 514.20M | 513.56M | 1.27B | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 23.72% | 39.13% | 39.62% | 38.37% | 38.37% | 45.47% | 41.94% | 41.65% | 42.99% | 41.76% | 34.23% | 28.15% | 27.31% | 29.39% | 5.44% | 17.59% | 33.03% | 34.43% | 39.46% | 100.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.18 | 0.22 | 0.19 | 0.15 | 0.24 | 0.30 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 331.30M | 191.79M | 205.74M | 193.99M | 195.00M | 182.46M | 172.77M | 154.82M | 159.40M | 158.09M | 165.59M | 157.12M | 1.30B | 1.32B | 1.42B | 1.28B | 1.12B | 891.42M | 698.68M | 573.78M | 388.27M | 391.01M | 410.01M |
| Selling & Marketing | 99.36M | 83.10M | 42.76M | 42.43M | 115.03M | 108.64M | 89.21M | 83.20M | 81.54M | 88.03M | 84.21M | 95.57M | 88.41M | 77.06M | 64.05M | 81.28M | 74.51M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 430.66M | 274.89M | 248.50M | 236.41M | 310.03M | 291.10M | 261.98M | 238.02M | 240.94M | 246.12M | 249.80M | 252.69M | 1.39B | 1.39B | 1.48B | 1.36B | 1.12B | 891.42M | 698.68M | 573.78M | 388.27M | 391.01M | 410.01M |
| Other Expenses | 254.43M | 325.38M | 324.84M | 275.11M | 301.24M | 355.65M | 34.50M | 202.10M | 809.55M | 221.25M | 240.21M | 184.74M | 175.72M | 250.80M | 201.45M | 167.54M | 140.68M | 112.69M | 119.86M | -1.56B | -137.88M | -93.56M | -104.23M |
| Operating Expenses | 685.09M | 600.27M | 573.34M | 511.52M | 611.27M | 646.75M | 296.48M | 440.12M | 1.05B | 467.38M | 490.01M | 437.43M | 264.13M | 327.85M | 265.50M | 248.83M | 215.19M | 186.99M | 171.19M | -986.10M | 250.38M | 297.45M | 305.78M |
| Cost & Expenses | 2.63B | 2.34B | 2.55B | 2.14B | 2.25B | 2.22B | 1.86B | 1.83B | 2.42B | 1.84B | 1.85B | 1.87B | 1.59B | 1.66B | 1.71B | 1.53B | 1.50B | 1.17B | 959.08M | -986.10M | 250.38M | 297.45M | 305.78M |
| Interest Income | 42.02M | 29.46M | 5.55M | 5.67M | 15.79M | 13.13M | 7.14M | 5.23M | 5.29M | 5.36M | 4.71M | 6.01M | 14.61M | 20.97M | 29.23M | 81.95M | 89.94M | 45.07M | 34.62M | 47.37M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 77.67M | 81.52M | 80.77M | 80.63M | 80.19M | 58.48M | 53.52M | 50.29M | 51.16M | 62.57M | 79.38M | 81.57M | 90.13M | 97.71M | 87.11M | 139.90M | 137.11M | 104.25M | 78.37M | 53.88M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 43.19M | 2.35B | 2.44B | 2.12B | 2.22B | 2.15B | 1.84B | 1.82B | 5.82M | 6.39M | 10.11M | 8.36M | 11.92M | 7.87M | 4.99M | 4.60M | 149.25M | 40.60M | 17.28M | 16.94M | 0.00 | 0.00 | 0.00 |
| EBITDA | 40.90M | 640.77M | 842.99M | 619.66M | 527.87M | 757.45M | 919.98M | 636.26M | 73.15M | 525.85M | 226.92M | 132.24M | 362.12M | 361.34M | -92.15M | 50.56M | 456.55M | 306.65M | 315.70M | 305.15M | 250.38M | 297.45M | 305.78M |
| EBITDA Ratio | 1.60% | 18.10% | 22.11% | 19.11% | 16.18% | 22.50% | 31.30% | 24.67% | -0.45% | 22.25% | 10.99% | 6.63% | 18.45% | 25.34% | 0.25% | 12.23% | 27.22% | 20.53% | 24.26% | 23.95% | 0.00% | 0.00% | 0.00% |
| Operating Income | -79.96M | 516.85M | 723.85M | 502.14M | 392.70M | 680.77M | 825.45M | 517.46M | -16.62M | 519.47M | 216.81M | 123.89M | 235.50M | 243.65M | -182.23M | 25.14M | 418.30M | 327.21M | 342.36M | 288.21M | 250.38M | 297.45M | 305.78M |
| Operating Income Ratio | -3.13% | 18.10% | 22.11% | 18.97% | 14.72% | 23.60% | 30.60% | 21.71% | -0.69% | 21.98% | 10.50% | 6.21% | 12.87% | 12.90% | -11.91% | 1.61% | 21.81% | 21.91% | 26.31% | 22.62% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -34.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -19.44M | 0.00 | 0.00 | 0.00 | -165.41M | 0.00 | 73.45M | 188.35M | 60.41M | -897.00K |
| Income Before Tax | -79.96M | 516.85M | 723.85M | 502.14M | 392.70M | 680.77M | 825.45M | 517.46M | -16.62M | 519.47M | 216.81M | 123.89M | 235.50M | 243.65M | -182.23M | -239.00K | 235.66M | 161.80M | 220.05M | 269.84M | 438.74M | 357.86M | 304.88M |
| Income Before Tax Ratio | -3.13% | 18.10% | 22.11% | 18.97% | 14.72% | 23.60% | 30.60% | 21.71% | -0.69% | 21.98% | 10.50% | 6.21% | 12.87% | 12.90% | -11.91% | -0.02% | 12.29% | 10.83% | 16.91% | 21.18% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -22.65M | 124.37M | 181.30M | 99.45M | 94.98M | 148.32M | 565.60M | 123.77M | -1.01B | 85.40M | 51.69M | 31.10M | 44.94M | 49.23M | 6.01M | 25.38M | 80.62M | 68.81M | 58.99M | 28.38M | 188.35M | 60.41M | -897.00K |
| Net Income | -75.48M | 357.52M | 528.06M | 402.46M | 286.50M | 527.13M | 253.58M | 387.70M | 986.37M | 427.28M | 160.21M | 84.31M | 174.92M | 174.98M | -130.24M | 3.14M | 155.04M | 92.99M | 161.06M | 246.97M | 250.38M | 297.45M | 305.78M |
| Net Income Ratio | -2.96% | 12.52% | 16.13% | 15.21% | 10.74% | 18.27% | 9.40% | 16.26% | 41.02% | 18.08% | 7.76% | 4.23% | 9.56% | 9.26% | -8.51% | 0.20% | 8.08% | 6.23% | 12.38% | 19.38% | 0.00% | 0.00% | 0.00% |
| EPS | -0.90 | 3.68 | 4.90 | 3.69 | 2.60 | 4.06 | 2.09 | 3.11 | 7.87 | 3.49 | 1.33 | 0.72 | 1.48 | 1.68 | -1.66 | 0.06 | 3.04 | 2.42 | 1.45 | 6.59 | 6.68 | 7.93 | 8.15 |
| EPS Diluted | -0.90 | 3.51 | 4.63 | 3.54 | 2.44 | 4.06 | 1.91 | 2.92 | 7.40 | 3.20 | 1.21 | 0.65 | 1.36 | 1.36 | -1.66 | 0.06 | 2.79 | 2.31 | 1.45 | 6.59 | 6.68 | 7.93 | 8.15 |
| Weighted Avg Shares Out | 88.99M | 95.66M | 106.04M | 106.86M | 110.19M | 129.77M | 121.57M | 124.77M | 125.37M | 122.35M | 120.85M | 116.95M | 118.03M | 104.41M | 78.31M | 60.87M | 51.19M | 38.43M | 37.50M | 37.50M | 37.50M | 37.50M | 37.50M |
| Weighted Avg Shares Out (Dil) | 88.99M | 101.00M | 113.67M | 113.48M | 116.08M | 129.77M | 132.48M | 132.63M | 133.24M | 133.81M | 133.74M | 129.33M | 137.63M | 138.47M | 78.31M | 60.87M | 62.21M | 44.17M | 37.56M | 37.50M | 37.50M | 37.50M | 37.50M |
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Lazard, Inc. Commences Consent Solicitation and Offer to Guarantee for Lazard Group LLC Senior Notes
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) (“Lazard”) today announced that it has commenced a consent solicitation to certain proposed amendments to the indenture, dated as of May 10, 2005 (as amended and supplemented from time to time, the “Indenture”), between...
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NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's...
Market will become more discriminating as policy priorities come to light, says Lazard's Ron Temple
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Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Peter R. Orszag, Chief Executive Officer, is scheduled to participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at...
Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West Coast
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Jennifer (Jen) Tedesko joined the firm as a Managing Director within the Private Capital Advisory (PCA) business, based in San Francisco. Jen will focus on originating and advising...
Lazard's October AUM Declines 4.8% Sequentially on Weaker Markets
LAZ's preliminary AUM balance for October 2024 declines 4.8% on a sequential basis due to an unfavorable market.
Lazard Reports October 2024 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2024 totaled approximately $235.8 billion. The month's AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and...
Lazard CEO Peter Orszag: Trump's election victory will be good for our business 'temporarily'
Lazard CEO Peter Orszag joins ‘Squawk Box' to discuss President-elect Trump's election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, the Fed's independence, and more.
Source: https://incomestatements.info
Category: Stock Reports