← Lazard, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.4b | $2.7b | $2.9b | $2.7b | $2.6b | $3.3b | $2.9b | $2.6b | $3.1b | $3.2b | |
| Revenues: | |||||||||||
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $517.5m | $825.4m | $680.8m | $392.7m | $502.1m | $723.8m | $516.8m | ($80.0m) | $386.5m | $327.6m | |
| Additional Financial Items | |||||||||||
| Interest Income, Operating | $5.2m | $7.1m | $13.1m | $15.8m | $5.7m | $5.6m | $29.5m | $42.0m | $53.6m | $38.5m | |
| Amortization of Intangible Assets | $2.5m | $2.9m | $3.0m | $2.2m | $1.8m | $60k | $60k | $60k | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $119.6m | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $6.4m | — | — | |
| Other Income | $81.2m | $109.6m | — | — | $105.6m | $127.2m | $40.6m | $89.6m | $224.1m | $131.8m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $327.6m | |
| Net Income (Loss) Attributable to Parent | $387.7m | $253.6m | $527.1m | $286.5m | $402.5m | $528.1m | $357.5m | ($75.5m) | $279.9m | $236.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $387.7m | $253.6m | $527.1m | $283.1m | $394.8m | $519.4m | $351.8m | ($79.9m) | $273.0m | $230.9m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $6.0m | $6.3m | $5.3m | $11.2m | $231k | $14.5m | $35.0m | $18.2m | $6.8m | $14.2m | |
| Earnings Per Share, Basic | $3.11 | $2.09 | $4.43 | $2.57 | $3.69 | $4.90 | $3.68 | ($0.90) | $2.93 | $2.37 | |
| Earnings Per Share, Diluted | $2.92 | $1.91 | $4.06 | $2.44 | $3.54 | $4.63 | $3.51 | ($0.90) | $2.68 | $2.17 | |
| Common Stock, Dividends, Per Share, Declared | $2.69 | $2.81 | $3.03 | $2.35 | $1.88 | $1.88 | $1.94 | $2.00 | $2.00 | $2.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 124.8m | 121.6m | 119.0m | 110.2m | 106.9m | 106.0m | 95.7m | 89.0m | 93.1m | 97.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | 132.6m | 132.5m | 129.8m | 116.1m | 113.5m | 113.7m | 101.0m | 89.0m | 102.4m | 106.3m | |
| Labor and Related Expense | $1.3b | $1.5b | $1.5b | $1.6b | $1.6b | $1.9b | $1.7b | $1.9b | $2.0b | $2.1b | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $87.8m | $87.3m | |
| Costs and Expenses | $1.8b | $1.8b | $2.1b | $2.2b | $2.1b | $2.5b | $2.3b | $2.6b | $2.7b | $2.8b | |
| Current Income Tax Expense (Benefit) | $60.1m | $64.4m | $102.9m | $70.1m | $52.3m | $90.7m | $81.7m | $58.4m | $88.7m | $55.0m | |
| Interest Expense | $50.3m | $53.5m | $58.5m | $80.2m | $80.6m | $80.8m | $81.5m | $77.7m | $88.1m | — | |
| Interest Expense Operating | — | — | — | — | — | — | — | — | — | $87.6m | |
| Marketing and Advertising Expense | — | — | $108.6m | $115.0m | $42.4m | $42.8m | $83.1m | $99.4m | $99.4m | $118.5m | |
| Operating Lease, Expense | — | — | — | $80.6m | $85.9m | $86.2m | $78.5m | — | — | — | |
| Other Expenses | $41.2m | $44.1m | $89.5m | $44.0m | $38.9m | $45.3m | $44.9m | $72.7m | $60.2m | $50.2m | |
| Income Tax Expense (Benefit) | $123.8m | $565.6m | $148.3m | $95.0m | $99.4m | $181.3m | $124.4m | ($22.6m) | $99.8m | $76.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.