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STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Share Repurchase Authorized by Board of Directors | The Board of Directors of Lazard authorized the repurchase of Lazard, Inc. common stock (“common stock”) as set forth in the table below as of June 30, 2025:
Date | Repurchase Authorization |  | Expiration
July 2024 | $ | 200,000 |  |  | December 31, 2026
Schedule of Shares Repurchased Under the Share Repurchase Program | Purchases with respect to such program are set forth in the table below:
Six Months Ended June 30: | Number of Shares Purchased |  | Average Price Per Share
2024 | 1,055,913 |  | $ | 38.66 |
2025 | 859,849 |  | $ | 46.44 |
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax | The tables below reflect the balances of each component of AOCI at June 30, 2025 and 2024 and activity during the three month and six month periods then ended:
| Three Months Ended June 30, 2025
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - April 1, 2025 | $ | (136,701) |  |  | $ | (170,101) |  |  | $ | (306,802) |  |  | $ | (36) |  |  | $ | (306,766) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 45,868 |  |  | (10,028) |  |  | 35,840 |  |  | 42 |  |  | 35,798 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 2,065 |  |  | 2,065 |  |  | – |  |  | 2,065 |
Net other comprehensive income (loss) | 45,868 |  |  | (7,963) |  |  | 37,905 |  |  | 42 |  |  | 37,863 |
Balance, June 30, 2025 | $ | (90,833) |  |  | $ | (178,064) |  |  | $ | (268,897) |  |  | $ | 6 |  |  | $ | (268,903) |
| Six Months Ended June 30, 2025
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - January 1, 2025 | $ | (160,914) |  |  | $ | (165,888) |  |  | $ | (326,802) |  |  | $ | (60) |  |  | $ | (326,742) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 70,081 |  |  | (15,817) |  |  | 54,264 |  |  | 66 |  |  | 54,198 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 3,641 |  |  | 3,641 |  |  | – |  |  | 3,641 |
Net other comprehensive income (loss) | 70,081 |  |  | (12,176) |  |  | 57,905 |  |  | 66 |  |  | 57,839 |
Balance, June 30, 2025 | $ | (90,833) |  |  | $ | (178,064) |  |  | $ | (268,897) |  |  | $ | 6 |  |  | $ | (268,903) |
| Three Months Ended June 30, 2024
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - April 1, 2024 | $ | (140,253) |  |  | $ | (163,741) |  |  | $ | (303,994) |  |  | $ | 1 |  |  | $ | (303,995) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (4,572) |  |  | 789 |  |  | (3,783) |  |  | – |  |  | (3,783) |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 1,485 |  |  | 1,485 |  |  | – |  |  | 1,485 |
Net other comprehensive income (loss) | (4,572) |  |  | 2,274 |  |  | (2,298) |  |  | – |  |  | (2,298) |
Balance, June 30, 2024 | $ | (144,825) |  |  | $ | (161,467) |  |  | $ | (306,292) |  |  | $ | 1 |  |  | $ | (306,293) |
| Six Months Ended June 30, 2024
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - January 1, 2024 | $ | (123,991) |  |  | $ | (165,958) |  |  | $ | (289,949) |  |  | $ | 1 |  |  | $ | (289,950) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (20,834) |  |  | 1,604 |  |  | (19,230) |  |  | – |  |  | (19,230) |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 2,887 |  |  | 2,887 |  |  | – |  |  | 2,887 |
Net other comprehensive income (loss) | (20,834) |  |  | 4,491 |  |  | (16,343) |  |  | – |  |  | (16,343) |
Balance, June 30, 2024 | $ | (144,825) |  |  | $ | (161,467) |  |  | $ | (306,292) |  |  | $ | 1 |  |  | $ | (306,293) |
Schedule of Adjustments for Items Reclassified From AOCI | The table below reflects adjustments for items reclassified out of AOCI, by component, for the three month and six month periods ended June 30, 2025 and 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Employee benefit plans: |  |  |  |  |  |  |
Amortization relating to employee benefit plans (a) | $ | 2,627 |  |  | $ | 1,940 |  |  | 4,733 |  |  | 3,797 |
Less - related income taxes | 562 |  |  | 455 |  |  | 1,092 |  |  | 910 |
Total reclassifications, net of tax | $ | 2,065 |  |  | $ | 1,485 |  |  | $ | 3,641 |  |  | $ | 2,887 |
__________________________ (a)Included in the computation of net periodic benefit cost (see Note 14). Such amounts are included in “operating expenses–other” on the condensed consolidated statements of operations.

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