Lazard’s Q3 profit climbs as asset management inflows and dealmaking rebound strengthen revenue

Lazard posted a stronger Q3 2025 as asset-management revenue grew 8% YoY to $294 million and total operating revenue advanced 6% to $794 million. The firm attributed the rise to robust advisory pipelines and record inflows across global equity and credit mandates. Net income reached $104 million, up 12% from last year, while adjusted EPS stood at $1.01 versus $0.88 YoY. Management said corporate-finance activity has rebounded after two muted quarters, aided by mid-cap M&A and restructuring demand. Lazard expects steady advisory momentum through Q4 as cross-border transactions gain pace.