Lazard, Inc. (LAZ) Earnings Call Transcripts

Lazard, Inc.'s Latest Earnings Call - June 10, 2026

In the second quarter of fiscal year 2026, Lazard, Inc. reported a revenue increase driven by strong client engagement and strategic acquisitions. The firm announced net inflows of over $7.5 billion in asset management, signaling robust demand. Management maintained its guidance for improved performance in the second half of the year, indicating a positive outlook despite some ongoing challenges from recent personnel changes.

Reported metrics

Guidance from management

Management expects the second half of 2026 to be stronger than the first half, with continued focus on improving financial advisory performance and achieving net inflows in asset management.

What management said

Yes. It's great to be with you. And I guess the upside of being on the road a lot is that I get to spend a lot of time with clients, we had a fantastic client event here in Houston last night. The downside is every once in a while, the plain strains in automobile thing breaks down, and that's unfortunately what happened. So I'm glad we're able to do this by audio. .

We believe there will definitely be revenue synergies. We just didn't assume them in our -- in the evaluation of the deal or in what we've said about it publicly. But we believe in both directions that there will be referrals from our M&A teams to the fundraising business and then referrals from the fundraising business to M&A business. .

What analysts pressed on

Analysts expressed concerns regarding the impact of recent personnel changes on productivity and revenue generation. There were also questions about the competitive landscape for managing director talent and the timing of sponsor activity in M&A markets.

Main topics on the call

• Acquisition of Campbell Legends — Lazard's acquisition of Campbell Legends is expected to enhance its private capital advisory capabilities, with management stating, "we believe there will definitely be revenue synergies" from the deal. This acquisition ...
• Financial Advisory Performance — Management indicated a positive trajectory in financial advisory, noting that the second quarter will be "better than the first quarter by a bit" and that the second half of the year is expected to be stronger. This refl...
• Asset Management Growth — Lazard reported net inflows of over $7.5 billion year-to-date in asset management, reinforcing its growth strategy. Management expressed confidence in achieving net inflows for the year, stating, "we are definitely track...
• Managing Director Productivity Targets — Management reaffirmed confidence in achieving productivity targets of $10 million per MD by 2028 and $12.5 million by 2030, with CEO Peter Orszag stating, "we are progressing in line with what we expect to happen." This ...

Read the full Lazard, Inc. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Lazard, Inc. earnings call transcripts on record, spanning January 30, 2020 to July 23, 2026. Based on this history, Lazard, Inc. reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LAZ

Exchange

NYSE

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

40

First call

January 30, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly