Lazard Ltd (LAZ) AI Stock Analysis

Lazard Ltd operates across North America, Europe, Asia, Australia, and Central and South America through two primary segments: Financial Advisory and Asset Management. The Financial Advisory segment provides advisory services including mergers and acquisitions, restructurings, capital advisory, shareholder advisory, and sovereign advisory across sectors such as consumer goods, healthcare, industrials, and technology. The Asset Management segment offers equity and fixed income strategies, asset allocation strategies, and alternative investments such as private equity funds. The firm serves corporations, public funds, sovereign entities, endowments, foundations, and private clients worldwide.

Lazard's revenue grew at a 5-year CAGR of 3.8% between FY2020 and FY2025. After posting revenue of $3.27B in FY2021, revenue contracted in FY2022 and FY2023, hitting a low of $2.55B with a net loss of -$75.5M. Performance rebounded in FY2024 with revenue rising 21.0% to $3.09B and net income reaching $279.9M. In FY2025, revenue increased 3.2% to $3.19B with an operating margin of 13.0% and net income of $236.8M. For the trailing twelve months, revenue was $3.20B with an operating margin of 4.8%. In the latest quarter ending June 30, 2026, quarterly revenue growth was 0.1% year-over-year while quarterly earnings fell 94.2%.

As of June 30, 2026, Lazard held $1.30B in cash and short-term investments against $2.15B in total debt, resulting in net debt of $856.0M. The company reported a current ratio of 2.83 and a debt-to-equity ratio of 2.35 against shareholders' equity of $914.3M. In FY2025, operating cash flow reached $537.2M and free cash flow was $505.2M. Capital expenditures totaled $31.9M for the year. Cash deployment included $91.0M in share buybacks and $186.6M in dividends paid.

Lazard carries a market capitalization of $3.52B and trades at a trailing P/E of 17.7x, above the 12.1x median of its US-listed Financial Services peers. However, its forward P/E of 10.4x sits slightly below the peer median of 10.8x, and its price-to-sales ratio of 1.1x is lower than the peer median of 3.2x. Its enterprise value to EBITDA ratio is 10.3x versus the peer median of 11.7x. Over the past year, Lazard stock fell 22.7%, while the S&P 500 returned 16.8%. Over five years, the stock is down 8.1% compared to an 83.0% gain for the index.

Lazard pays a quarterly dividend with an annualized forward payout of $2.00 per share, representing a dividend yield of 5.54%. The company has paid dividends for 22 consecutive years, generating a 5-year annualized dividend growth rate of 1.2%. The dividend payout ratio stands at 105.3%, and its most recent ex-dividend date was August 3, 2026.

Wall Street coverage comprises 3 Strong Buy, 1 Buy, 4 Hold, 0 Sell, and 2 Strong Sell ratings. The mean price target is $42.88, which is 18.8% above the last close of $36.09. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.05 on revenue of $3.33B. For the following fiscal year, 10 analysts expect EPS to rise 74.0% to $3.57 on revenue of $3.95B. Lazard beat EPS estimates in 2 of the last 4 quarters, with its next earnings scheduled for October 22, 2026.

This page is an AI-written research summary of Lazard Ltd (LAZ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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