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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Lazard Stockholders’ Equity
Common Stock
Additional Paid-In- Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net of Tax
Common Stock Held By Subsidiaries
Noncontrolling Interests
Redeemable Noncontrolling Interests
Balance at the beginning (in shares) at Dec. 31, 2023     112,766,091       25,340,287    
Balance at the beginning at Dec. 31, 2023 $ 482,187 $ 423,759 $ 1,128 $ 247,204 $ 1,402,636 $ (289,950) $ (937,259) $ 58,428  
Comprehensive income (loss):                  
Net income (loss) 199,757 193,602     193,602     6,155  
Other comprehensive income (loss) - net of tax 18,139 18,106       18,106   33  
Amortization of share-based incentive compensation 235,129 232,998   232,998       2,131  
Dividend equivalents (11,107) (821)   23,896 (24,717)     (10,286)  
Common stock dividends $ (133,823) (133,823)     (133,823)        
Purchase and cancellation of common stock (in shares) 1,123,413           1,123,413    
Purchase and cancellation of common stock $ (43,928) (43,928)         $ (43,928)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,167,528)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (65,608) (66,849)   (221,242)     $ 154,393 1,241  
Business acquisitions and related equity transactions: Common stock issuable 1,235 1,235   1,235          
Distribution to noncontrolling interests, net (1,987)             (1,987)  
Other (in shares)             144    
Other (6) (6)         $ (6)    
Balance at the end (in shares) at Sep. 30, 2024     112,766,091       22,296,316    
Balance at the end at Sep. 30, 2024 679,988 624,273 $ 1,128 284,091 1,437,698 (271,844) $ (826,800) 55,715  
Balance at the beginning at Dec. 31, 2023                 $ 87,675
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 8,655
LFI Consolidated Funds                 (11,863)
Balance at the end at Sep. 30, 2024                 84,467
Balance at the beginning (in shares) at Jun. 30, 2024     112,766,091       22,596,555    
Balance at the beginning at Jun. 30, 2024 514,190 458,655 $ 1,128 218,455 1,382,703 (306,293) $ (837,338) 55,535  
Comprehensive income (loss):                  
Net income (loss) 110,558 107,938     107,938     2,620  
Other comprehensive income (loss) - net of tax 34,482 34,449       34,449   33  
Amortization of share-based incentive compensation 75,584 74,787   74,787       797  
Dividend equivalents (3,274) (218)   7,633 (7,851)     (3,056)  
Common stock dividends (45,092) (45,092)     (45,092)        
Purchase and cancellation of common stock (in shares)             67,500    
Purchase and cancellation of common stock (3,112) (3,112)         $ (3,112)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (367,739)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (3,134) (3,134)   (16,784)     $ 13,650    
Distribution to noncontrolling interests, net (214)             (214)  
Balance at the end (in shares) at Sep. 30, 2024     112,766,091       22,296,316    
Balance at the end at Sep. 30, 2024 679,988 624,273 $ 1,128 284,091 1,437,698 (271,844) $ (826,800) 55,715  
Balance at the beginning at Jun. 30, 2024                 80,931
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 5,577
LFI Consolidated Funds                 (2,041)
Balance at the end at Sep. 30, 2024                 84,467
Balance at the beginning (in shares) at Dec. 31, 2024     112,766,091       22,467,315    
Balance at the beginning at Dec. 31, 2024 685,154 636,240 $ 1,128 327,810 1,472,113 (326,742) $ (838,069) 48,914  
Comprehensive income (loss):                  
Net income (loss) 188,661 186,968     186,968     1,693  
Other comprehensive income (loss) - net of tax 53,859 53,792       53,792   67  
Amortization of share-based incentive compensation 280,248 275,674   275,674       4,574  
Dividend equivalents (13,149) (704)   25,913 (26,617)     (12,445)  
Common stock dividends $ (139,203) (139,203)     (139,203)        
Purchase and cancellation of common stock (in shares) 879,334           859,849 [1]    
Purchase and cancellation of common stock [1]             $ (39,928)    
Purchase and cancellation of common stock [1] $ (41,012) (41,012)              
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (5,500,341)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (127,724) (126,202)   (333,198)     $ 206,996 (1,522)  
Business acquisitions and related equity transactions: Common stock issuable 1,235 1,235   1,235          
Distribution to noncontrolling interests, net (583)             (583)  
Other (in shares)             41,969    
Other (8,860) (5,266)   (3,339)     $ (1,927) (3,594)  
Balance at the end (in shares) at Sep. 30, 2025     112,746,606       17,868,792    
Balance at the end at Sep. 30, 2025 878,626 841,522 $ 1,127 293,012 1,493,261 (272,950) $ (672,928) 37,104  
Balance at the beginning at Dec. 31, 2024                 79,629
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 8,145
LFI Consolidated Funds                 (9,256)
Balance at the end at Sep. 30, 2025                 78,518
Balance at the beginning (in shares) at Jun. 30, 2025     112,766,091       18,408,649    
Balance at the beginning at Jun. 30, 2025 786,484 741,603 $ 1,128 225,058 1,477,618 (268,903) $ (693,298) 44,881  
Comprehensive income (loss):                  
Net income (loss) 70,548 71,247     71,247     (699)  
Other comprehensive income (loss) - net of tax (4,046) (4,047)       (4,047)   1  
Amortization of share-based incentive compensation 96,123 95,059   95,059       1,064  
Dividend equivalents (2,831) (114)   8,311 (8,425)     (2,717)  
Common stock dividends $ (47,179) (47,179)     (47,179)        
Purchase and cancellation of common stock (in shares) (19,485)   (19,485) [2]            
Purchase and cancellation of common stock [2] $ (1,084) (1,084) $ (1) (1,083)          
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (539,857)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (13,963) (13,963)   (34,333)     $ 20,370    
Distribution to noncontrolling interests, net (1,832)             (1,832)  
Other (3,594)             (3,594)  
Balance at the end (in shares) at Sep. 30, 2025     112,746,606       17,868,792    
Balance at the end at Sep. 30, 2025 $ 878,626 $ 841,522 $ 1,127 $ 293,012 $ 1,493,261 $ (272,950) $ (672,928) $ 37,104  
Balance at the beginning at Jun. 30, 2025                 83,578
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 2,952
LFI Consolidated Funds                 (8,012)
Balance at the end at Sep. 30, 2025                 $ 78,518
[1] In the third quarter of 2025, Lazard, Inc. purchased 19,485 shares of common stock which were immediately canceled by the Company and therefore were not included in treasury stock. There was no impact on total stockholders' equity as a result of the share cancellation.
[2] In the third quarter of 2025, Lazard, Inc. purchased 19,485 shares of common stock which were immediately canceled by the Company and therefore were not included in treasury stock. There was no impact on total stockholders' equity as a result of the share cancellation.