Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 94

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 Other Segment Disclosures: Interest income (included in net revenue) $618 $2,161 $4,881 $7,660  Depreciation and amortization of property    (included in adjusted non-compensation    expense)$1,805 $1,564 $5,096 $8,465 Nine Months Ended September 30, 2025Financial AdvisoryAsset ManagementCorporateTotalNet Revenue (Loss) - U.S. GAAP Basis$1,292,000 $907,607 $(7,481)$2,192,126 Adjusted Compensation and Benefits Expense830,218 438,402 131,576 1,400,196 Adjusted Non-compensation Expense157,085 187,321 109,512 453,918 Other Segment Items(8,819)(80,433)34,830 (54,422)Adjusted Operating Income (Loss)$295,878 $201,451 $(213,739)$283,590 Other Segment Disclosures: Interest income (included in net revenue)$3,718 $6,744 $18,067 $28,529 Depreciation and amortization of property    (included in adjusted non-compensation    expense)$5,980 $4,352 $15,177 $25,509 

42

LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

Three Months Ended September 30, 2024Financial AdvisoryAsset ManagementCorporateTotalNet Revenue - U.S. GAAP Basis$370,917 $293,878 $120,071 $784,866 Adjusted Compensation and Benefits Expense238,360 145,695 42,248 426,303 Adjusted Non-compensation Expense49,333 58,058 30,848 138,239 Other Segment Items(2,110)(22,368)(114,474)(138,952)Adjusted Operating Income (Loss)$81,114 $67,757 $(67,499)$81,372 Other Segment Disclosures: Interest income (included in net revenue)$1,167 $3,803 $10,035 $15,005  Depreciation and amortization of property