Lazard Inc. reports third quarter net revenue of $748 million
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Lazard Inc. reported third quarter net revenue of $748 million, a 12% increase year-over-year, with adjusted net revenue of $725 million. For the first nine months of 2025, net revenue totaled $2.192 billion. Net income for the third quarter was $71 million, while adjusted net income was $62 million. Financial Advisory adjusted net revenue reached $1.3 billion, and Asset Management saw positive net inflows of $1.6 billion. As of September 30, 2025, cash and cash equivalents stood at $1.172 billion.
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