LAZ Lazard (LAZ) Q2 FY26 earnings call
Lazard reported a strong Q2 FY26, driven by exceptional performance in Asset Management with record AUM and significant net inflows, alongside improving forward indicators in Financial Advisory. The firm is progressing with its Lazard 2030 strategic repositioning, which involved substantial Managing Director turnover, now transitioning from a temporary headwind to a tailwind for future growth. The acquisition of Campbell Lutyens is on track to establish a third core business, enhancing private markets capabilities and is expected to be accretive to earnings in 2027.
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LAZ operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.