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Consolidated statements of financial condition

In millions of USD, except per-share amounts
Q3 FY2026
As of Sep 30, 2026
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
ASSETS
Cash and cash equivalents
Deposits with banks and short-term investments
Restricted cash
Receivables (net of allowance for credit losses of $25,177 and $22,884 at September 30, 2026 and December 31, 2025, respectively):
Fees
Customers and other
Receivables
Investments (including $36,916 and $48,966 pledged at September 30, 2026 and December 31, 2025, respectively)
Property (net of accumulated amortization and depreciation of $298,800 and $286,235 at September 30, 2026 and December 31, 2025, respectively)
Operating lease right-of-use assets
Goodwill and other intangible assets (net of accumulated amortization of $3,959 and $67,711 at September 30, 2026 and December 31, 2025, respectively)
Deferred tax assets
Other assets
Total Assets
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits and other customer payables
Accrued compensation and benefits
Operating lease liabilities
Tax receivable agreement obligation
LTBP Trust
Total tax receivable agreement obligation
Senior debt
Deferred tax liabilities
Other liabilities
Total Liabilities
Redeemable noncontrolling interests
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.01 per share; 15,000,000 shares authorized; no shares issued and outstanding at September 30, 2026 and December 31, 2025
Series A Preferred Stock
Series B Preferred Stock
Total preferred stock, par value $0.01 per share; 15,000,000 shares authorized; no shares issued and outstanding at September 30, 2026 and December 31, 2025
Common stock:
Par value $0.01 per share (500,000,000 shares authorized; 109,783,028 and 111,728,757 shares issued at September 30, 2026 and December 31, 2025, respectively, including shares held in treasury)
Additional paid-in-capital
Retained earnings
Accumulated other comprehensive loss, net of tax
Stockholders' equity subtotal before common stock held by subsidiaries and Noncontrolling interests, total
Common stock held by subsidiaries, at cost (17,868,792 and 22,467,315 shares at September 30, 2025 and December 31, 2024, respectively)
Stockholders' equity subtotal before common stock held in treasury and noncontrolling interests
Common stock held in treasury, at cost (12,120,709 and 17,822,122 shares at September 30, 2026 and December 31, 2025, respectively)
Total Lazard Stockholders’ Equity
Noncontrolling interests
Total Stockholders’ Equity
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity

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