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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE        
Interest income $ 7,660 $ 15,005 $ 28,529 $ 39,330
Other 29,171 147,361 100,812 209,945
Total revenue 770,764 807,414 2,257,088 2,300,886
Interest expense 22,686 22,548 64,962 65,918
Net revenue 748,078 784,866 2,192,126 2,234,968
OPERATING EXPENSES        
Compensation and benefits 498,212 465,405 1,447,690 1,468,789
Occupancy and equipment 31,908 34,249 101,024 99,137
Marketing and business development 26,085 21,782 83,409 70,874
Technology and information services 48,862 44,628 144,350 135,951
Professional services 20,951 19,541 64,377 63,155
Fund administration and outsourced services 32,390 27,996 88,989 81,250
Benefit pursuant to tax receivable agreement (20,146) 0 (20,146) 0
Other 14,886 10,078 39,787 36,424
Total operating expenses 653,148 623,679 1,949,480 1,955,580
OPERATING INCOME 94,930 161,187 242,646 279,388
Provision for income taxes 21,430 45,052 45,840 70,976
NET INCOME 73,500 116,135 196,806 208,412
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 2,253 8,197 9,838 14,810
NET INCOME ATTRIBUTABLE TO LAZARD $ 71,247 $ 107,938 $ 186,968 $ 193,602
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 98,112,393 93,627,476 96,967,379 92,591,435
Diluted (in shares) 108,001,762 103,475,234 105,914,050 101,151,624
NET INCOME PER SHARE OF COMMON STOCK:        
Basic (in USD per share) $ 0.71 $ 1.13 $ 1.88 $ 2.04
Diluted (in USD per share) $ 0.65 $ 1.02 $ 1.72 $ 1.88
Investment banking and other advisory fees        
REVENUE        
Revenue $ 425,895 $ 366,385 $ 1,279,488 $ 1,228,185
Asset management fees        
REVENUE        
Revenue $ 308,038 $ 278,663 $ 848,259 $ 823,426