Lazard, Inc.
For the period ended Sep 30, 2026. Filed Oct 26, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 26, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended September 30, 2026
OR
| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from ________to ________
001-32492
(Commission File Number)
(Exact name of registrant as specified in its charter)
| Delaware | 98-0437848 |
|---|---|
| (State or Other Jurisdiction of Incorporationor Organization) | (I.R.S. Employer Identification No.) |
30 Rockefeller Plaza
New York, NY 10112
(Address of principal executive offices)
Registrant’s telephone number: (212)632-6000
Securities Registered Pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | LAZ | New York Stock Exchange |
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x Noo
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | x | Accelerated filer | o |
|---|---|---|---|
| Non-accelerated filer | o | Smaller reporting company | o |
| Emerging growth company | o | ||
If the Registrant is an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Nox
As of October 16, 2026, there were 109,783,028 shares of the Registrant’s common stock outstanding (including 12,120,709 shares held in treasury by subsidiaries).
TABLE OF CONTENTS
When we use the terms “Lazard”, “we”, “us”, “our” and “the Company”, we mean Lazard, Inc., a company incorporated under the laws of the state of Delaware, and its subsidiaries. Lazard’s subsidiaries include Lazard Group LLC, a Delaware limited liability company, that is the current holding company for our businesses. Lazard’s primary operating asset is its indirect ownership of all of the common membership interests in Lazard Group LLC and its controlling interest in Lazard Group LLC.
| Page | |
|---|---|
| Part I. Financial Information | |
| Item 1. Financial Statements (Unaudited) | 1 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 44 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 76 |
| Item 4. Controls and Procedures | 76 |
| Part II. Other Information | |
| Item 1. Legal Proceedings | 77 |
| Item 1A. Risk Factors | 77 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 77 |
| Item 3. Defaults Upon Senior Securities | 78 |
| Item 4. Mine Safety Disclosures | 78 |
| Item 5. Other Information | 78 |
| Item 6. Exhibits | 79 |
| Signatures | 80 |
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