LAZ Lazard (LAZ) Q1 FY26 earnings call
Lazard's first quarter was marked by the strategic acquisition of Campbell Lutyens, significantly enhancing its private capital advisory capabilities and accelerating its Lazard 2030 growth strategy. While Financial Advisory revenue saw a temporary dip due to deal timing, client engagement and conflict clearances indicate a strong pipeline. The Asset Management segment delivered its highest net inflows in nearly two decades, driven by diversified strategies and a focus on emerging markets, positioning the firm for sustained growth despite ongoing market volatility.
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LAZ operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Assets under management (AUM) | $259BAs of March 31, we reported AUM $259 billion, up slightly compared to year-end and demonstrating improvements in flows.Source: earnings call transcript | $285BAs of June 30, we reported an AUM of $285 billion, 15% higher than June 2025 and up 10% compared to the prior quarter.Source: earnings call transcript | $284MAs of September 30, we reported AUM of $284 million, higher than September 2025 and approximately even with the prior quarter.Source: earnings call transcript | -99.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.