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STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables) | 9 Months Ended
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Sep. 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 September 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:
Nine Months Ended September 30: | Number of Shares Purchased |  | Average Price Per Share
2024 | 1,123,413 |  | $ | 39.10 |
2025 | 879,334 |  | $ | 46.64 |
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax | The tables below reflect the balances of each component of AOCI at September 30, 2025 and 2024 and activity during the three month and nine month periods then ended:
| Three Months Ended September 30, 2025
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - July 1, 2025 | $ | (90,833) |  |  | $ | (178,064) |  |  | $ | (268,897) |  |  | $ | 6 |  |  | $ | (268,903) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications, net of tax | (8,838) |  |  | 2,961 |  |  | (5,877) |  |  | 1 |  |  | (5,878) |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 1,831 |  |  | 1,831 |  |  | – |  |  | 1,831 |
Net other comprehensive income (loss) | (8,838) |  |  | 4,792 |  |  | (4,046) |  |  | 1 |  |  | (4,047) |
Balance, September 30, 2025 | $ | (99,671) |  |  | $ | (173,272) |  |  | $ | (272,943) |  |  | $ | 7 |  |  | $ | (272,950) |
| Nine Months Ended September 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, net of tax | 61,243 |  |  | (12,856) |  |  | 48,387 |  |  | 67 |  |  | 48,320 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 5,472 |  |  | 5,472 |  |  | – |  |  | 5,472 |
Net other comprehensive income (loss) | 61,243 |  |  | (7,384) |  |  | 53,859 |  |  | 67 |  |  | 53,792 |
Balance, September 30, 2025 | $ | (99,671) |  |  | $ | (173,272) |  |  | $ | (272,943) |  |  | $ | 7 |  |  | $ | (272,950) |
| Three Months Ended September 30, 2024
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - July 1, 2024 | $ | (144,825) |  |  | $ | (161,467) |  |  | $ | (306,292) |  |  | $ | 1 |  |  | $ | (306,293) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 41,627 |  |  | (9,033) |  |  | 32,594 |  |  | 33 |  |  | 32,561 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 1,888 |  |  | 1,888 |  |  | – |  |  | 1,888 |
Net other comprehensive income (loss) | 41,627 |  |  | (7,145) |  |  | 34,482 |  |  | 33 |  |  | 34,449 |
Balance, September 30, 2024 | $ | (103,198) |  |  | $ | (168,612) |  |  | $ | (271,810) |  |  | $ | 34 |  |  | $ | (271,844) |
| Nine Months Ended September 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 | 20,793 |  |  | (7,429) |  |  | 13,364 |  |  | 33 |  |  | 13,331 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 4,775 |  |  | 4,775 |  |  | – |  |  | 4,775 |
Net other comprehensive income (loss) | 20,793 |  |  | (2,654) |  |  | 18,139 |  |  | 33 |  |  | 18,106 |
Balance, September 30, 2024 | $ | (103,198) |  |  | $ | (168,612) |  |  | $ | (271,810) |  |  | $ | 34 |  |  | $ | (271,844) |
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 nine month periods ended September 30, 2025 and 2024:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Employee benefit plans: |  |  |  |  |  |  |
Amortization relating to employee benefit plans (a) | $ | 2,385 |  |  | $ | 2,433 |  |  | $ | 7,118 |  |  | $ | 6,230 |
Less - related income taxes | 554 |  |  | 545 |  |  | 1,646 |  |  | 1,455 |
Total reclassifications, net of tax | $ | 1,831 |  |  | $ | 1,888 |  |  | $ | 5,472 |  |  | $ | 4,775 |
__________________________ (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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