Lazard, Inc. (LAZ) stock
Close on Nov 12, 2026Market cap $4.49BP/E 24.8Yield 4.89%
Lazard, Inc. grew revenue 9.0% to $3.38B over the twelve months to Sep 30, 2026. Operating income fell 23.7% to $266.88M, moving the operating margin from 11.3% to 7.9%. Free cash flow was $684.97M, up 55.9% from a year earlier. At the latest close the market valued the company at $4.49B, 24.8 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $4.49B
- P/E ratio
- 24.8
- Price to sales
- 1.33
- Price to book
- 4.73
- Dividend yield
- 4.89%
- Free cash flow yield
- 15.27%
Fundamentals
- Revenue
- $3.38B
- Net income
- $184.75M
- EPS, diluted
- $1.65
- Free cash flow
- $684.97M
- Book value per share
- $8.84
- Diluted shares
- 107M
Trading
- Next earnings
- Jan 28, 2027 (estimated, before the open)
- Previous close
- $41.90
- Open
- $41.56
- Day's range
- $40.83 – $42.07
- Volume
- 2,134,905
- Average volume (20 days)
- 1,712,561
- Index membership
- S&P SmallCap 600, Russell 1000 (since Mar 2024), Russell 3000 (since Feb 2024)
- Beta (5 years)
- 1.40
- 52-week range
- $34.13 – $58.75
- RSI (14 days)
- 58.8
- Volatility (1 year)
- 43.2%
- Relative volume
- 1.27×
- WACC
- 11.9%
Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | LAZ | S&P 500 | Difference | LAZ per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +10.3% | -2.7% | +13.0 pts | ||
| 3 months | -6.1% | -1.7% | −4.4 pts | ||
| Year to date | -13.2% | +11.9% | −25.1 pts | ||
| 1 year | -18.8% | +12.0% | −30.8 pts | ||
| 3 years | +70.1% | +78.2% | −8.1 pts | +19.4% | +21.2% |
| 5 years | +8.1% | +73.2% | −65.2 pts | +1.6% | +11.6% |
| 10 years | +79.5% | +309.6% | −230.2 pts | +6.0% | +15.1% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Lazard filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- Results
- Results
- Update
- Update
- Results
About Lazard
Investment Advice
Lazard is a financial advisory and asset management firm that serves corporations, governments, financial institutions, partnerships, family offices, and high-net-worth individuals. The company operates through two core business segments: Financial Advisory and Asset Management. Its advisory segment assists clients with mergers and acquisitions, sovereign debt, corporate restructuring, liability management, capital solutions, shareholder advisory, and geopolitical matters. Its asset management segment provides active equity, fixed income, alternative investment strategies, and asset allocation services.
Company profile, executives and historyLazard stock: common questions
What is Lazard's stock price?
LAZ closed at $40.87 on Nov 12, 2026, down 2.46% on the day. Over the past 52 weeks it traded between $34.13 and $58.75.
What is Lazard's market cap?
Lazard was worth $4.49B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is LAZ's P/E ratio?
LAZ trades at 24.8 times earnings, based on diluted earnings per share of $1.65 over the twelve months to Sep 30, 2026.
How much revenue does Lazard make?
Lazard reported revenue of $3.38B for the twelve months to Sep 30, 2026, up 9.0% from a year earlier.
Does Lazard pay a dividend?
Yes. Lazard paid $2.00 per share over the last twelve months, a yield of 4.89% at the latest price.
When does Lazard report earnings next?
Lazard is expected to report Q4 FY2026 results on Jan 28, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has LAZ stock performed over the past year?
Including dividends, LAZ returned -18.8% over the past year, against +12.0% for the S&P 500.
How many LAZ shares are sold short?
9M shares were sold short at the latest FINRA report, 8.39% of the float, or 4.5 days of average trading volume.
Who are Lazard's competitors?
Companies most similar to Lazard by business, industry and size include EVR, HLI, PJT, ARES.PRB, TPG.
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