Lazard Q2 FY26 net income drops 91% to $5 million; net revenue rises 1% to $808 million

Reuters2026/07/23 10:32

By:Reuters

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Lazard posted Q2 net revenue of USD 808 million, up 1% year over year; U.S. GAAP net income fell to USD 5 million from USD 55 million.
U.S. GAAP diluted EPS dropped to USD 0.03; the effective tax rate rose to 63.5%, flagged as elevated and not indicative of full-year.
Financial Advisory net revenue declined 9% to USD 450 million; Asset Management net revenue climbed 20% to USD 351 million.
Asset Management ending AUM increased 15% to USD 285 billion; first-half net flows totaled USD 7.4 billion, lifting AUM to a record.
Board authorized an additional USD 200 million share repurchase program; quarterly dividend set at USD 0.50 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lazard Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607230630PR_NEWS_USPR_____NY10755) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lazard Q2 FY26 net income drops 91% to $5 million; net revenue rises 1% to $808 million

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