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NET INCOME PER SHARE OF COMMON STOCK | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
NET INCOME PER SHARE OF COMMON STOCK | NET INCOME PER SHARE OF COMMON STOCK The Company is required to utilize the “two-class” method of computing basic and diluted net income per share because the Company issued certain PIPRs, including certain P-PIPRs, which are treated as participating securities. The Company’s basic and diluted net income per share calculations using the “two-class” method for the three month and nine month periods ended September 30, 2025 and 2024 are presented below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income attributable to Lazard | $ | 71,247 |  |  | $ | 107,938 |  |  | $ | 186,968 |  |  | $ | 193,602 |
Adjustment for earnings attributable to participating securities | (1,555) |  |  | (2,579) |  |  | (4,269) |  |  | (4,732) |
Net income attributable to Lazard - basic | 69,692 |  |  | 105,359 |  |  | 182,699 |  |  | 188,870 |
Adjustment for earnings attributable to participating securities | – |  |  | 463 |  |  | – |  |  | 864 |
Net income attributable to Lazard - diluted | $ | 69,692 |  |  | $ | 105,822 |  |  | $ | 182,699 |  |  | $ | 189,734 |
Weighted average number of shares of common stock outstanding | 94,527,248 |  |  | 90,276,294 |  | 93,360,222 |  | 89,665,458
Weighted average number of shares of common stock issuable on a non-contingent basis | 3,585,145 |  |  | 3,351,182 |  | 3,607,157 |  | 2,925,977
Weighted average number of shares of common stock outstanding - basic | 98,112,393 |  |  | 93,627,476 |  | 96,967,379 |  | 92,591,435
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a) | 9,889,369 |  |  | 9,847,758 |  | 8,946,671 |  | 8,560,189
Weighted average number of shares of common stock outstanding - diluted | 108,001,762 |  |  | 103,475,234 |  | 105,914,050 |  | 101,151,624
Net income attributable to Lazard per share of common stock: |  |  |  |  |  |  |
Basic | $ | 0.71 |  |  | $ | 1.13 |  |  | $ | 1.88 |  |  | $ | 2.04 |
Diluted | $ | 0.65 |  |  | $ | 1.02 |  |  | $ | 1.72 |  |  | $ | 1.88 |
__________________________________ (a)The aggregate weighted average number of incremental shares of common stock issuable from PIPRs for the three month and nine month periods ended September 30, 2025 of 1,572,289 and 1,985,705, respectively, and for the three month and nine month periods ended September 30, 2024 of 1,229,021 and 1,541,854, respectively, that could be potentially dilutive in future periods, have been excluded from the computation of diluted net income per share as the effect would be antidilutive in the respective periods.

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