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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Interest income $ 11,662 $ 11,471
Other 32,519 44,134
Total revenue 669,164 785,481
Interest expense 21,113 20,728
Net revenue 648,051 764,753
OPERATING EXPENSES    
Compensation and benefits 430,270 550,824
Occupancy and equipment 35,413 32,857
Marketing and business development 27,731 23,599
Technology and information services 46,216 44,917
Professional services 18,837 19,880
Fund administration and outsourced services 26,545 26,140
Other 8,404 11,975
Total operating expenses 593,416 710,192
OPERATING INCOME 54,635 54,561
Provision (benefit) for income taxes (7,354) 14,337
NET INCOME 61,989 40,224
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,614 4,469
NET INCOME ATTRIBUTABLE TO LAZARD $ 60,375 $ 35,755
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic (in shares) 95,255,423 91,260,465
Diluted (in shares) 104,828,753 99,351,769
NET INCOME PER SHARE OF COMMON STOCK:    
Basic (in USD per share) $ 0.61 $ 0.38
Diluted (in USD per share) $ 0.56 $ 0.35
Investment banking and other advisory fees    
REVENUE    
Revenue $ 360,367 $ 453,027
Asset management fees    
REVENUE    
Revenue $ 264,616 $ 276,849