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Lazard LTD. (LAZ) Q4 2025 Earnings Call
Lazard LTD. (NYSE: LAZ) Q4 2025 earnings conference call, held 2026-01-29. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Alexandra Degnan
Head of Investor Relations and Treasury
Peter Orszag
Chief Executive Officer and Chairman
Chris Hogben
Chief Executive Officer of Asset Management
Mike Brown
Analyst, UBS
Brennan Hawken
Analyst, PMO Capital Markets
Brendan O'Brien
Analyst, Wolf Research
Daniel Coquiero
Analyst, Bank of America
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.038 At this time, I will turn the call over to Alexandra Degnan, Lazard's 00:00:05.038 -- 00:00:10.243 Head of Investor Relations and Treasury. Please go ahead. 00:00:10.506 -- 00:00:14.692 Thank you, Nikki. Good morning, and welcome to Lazard's Earnings Call for the fourth 00:00:14.692 -- 00:00:17.674 quarter and full year 2025. 00:01:01.979 -- 00:01:05.263 we discussed today are non-GAAP adjusted financial measures. 00:01:05.263 -- 00:01:09.749 We believe these non-GAAP financial measures are meaningful when evaluating the company's 00:01:09.749 -- 00:01:14.115 performance. A reconciliation of these non-GAAP financial measures to the comparable 00:01:14.115 -- 00:01:18.521 GAAP measures is provided in our earnings release and investor presentation. 00:01:18.521 -- 00:01:23.348 Listing our call today are Peter Orszag, Lazard's Chief Executive Officer and Chairman, 00:01:23.348 -- 00:01:26.612 and Marianne Betch, Lazard's Chief Financial Officer. 00:01:26.612 -- 00:01:31.375 After our prepared remarks, Chris Hogben, Chief Executive Officer of Asset Management, 00:01:31.375 -- 00:01:36.503 and Tracy Farr, our incoming CFO, will join as we open the call for questions. 00:01:36.503 -- 00:01:38.486 I'll now turn the call over to Peter. 00:01:38.486 -- 00:01:41.710 Thank you, Allie, and thank you to everyone for joining us this morning. 00:01:41.710 -- 00:01:46.798 Our fourth quarter and full year results demonstrate our ongoing focus on executing our 00:01:46.798 -- 00:01:52.306 Lazard 2030 long-term growth strategy. For 2025, we reported firm-wide 00:01:52.306 -- 00:01:57.774 revenue of $3 billion with record revenue in financial advisory and assets under management 00:01:57.774 -- 00:02:03.135 up 12% in asset management. Before we turn t...