Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.38B | $2.70B | $2.88B | $2.67B | $2.65B | $3.27B | $2.86B | $2.59B | $3.14B | $3.19B |
| Revenue growth | — | 13.2% | 6.9% | -7.6% | -0.8% | 23.7% | -12.8% | -9.2% | 21.1% | 1.5% |
| Operating income | $517M | $825M | $681M | $393M | $502M | $724M | $517M | -$80.0M | $386M | $328M |
| Operating margin | 21.7% | 30.6% | 23.6% | 14.7% | 19.0% | 22.1% | 18.1% | -3.1% | 12.3% | 10.3% |
| Net income | $388M | $254M | $527M | $287M | $402M | $528M | $358M | -$75.5M | $280M | $237M |
| Net margin | 16.3% | 9.4% | 18.3% | 10.7% | 15.2% | 16.1% | 12.5% | -2.9% | 8.9% | 7.4% |
| EPS (diluted) | $2.92 | $1.91 | $4.06 | $2.44 | $3.54 | $4.63 | $3.51 | -$0.90 | $2.68 | $2.17 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $633M | $1.03B | $699M | $678M | $576M | $866M | $834M | $165M | $743M | $519M |
| Capital expenditures | $38.7M | $27.7M | $49.6M | $42.8M | $64.3M | $39.7M | $49.5M | $28.3M | $45.5M | $31.9M |
| Free cash flow | $594M | $1.00B | $649M | $635M | $512M | $826M | $784M | $136M | $697M | $487M |
| Share buybacks | $300M | $307M | $553M | $495M | $95.2M | $406M | $692M | $102M | $59.5M | $91.0M |
| Dividends paid | $336M | $341M | $360M | $255M | $197M | $196M | $182M | $173M | $179M | $187M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.16B | $1.48B | $1.25B | $1.23B | $1.39B | $1.47B | $1.23B | $971M | $1.31B | $1.47B |
| Total assets | $4.56B | $4.93B | $5.00B | $5.64B | $5.97B | $7.15B | $5.85B | $4.64B | $4.79B | $4.94B |
| Total liabilities | $3.26B | $3.67B | $4.03B | $4.96B | $4.97B | $5.49B | $4.59B | $4.07B | $4.03B | $3.95B |
| Long-term debt | $1.19B | $1.19B | $1.43B | $1.68B | $1.68B | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B |
| Shareholders' equity | $1.24B | $1.20B | $917M | $610M | $912M | $975M | $556M | $424M | $636M | $874M |
| Retained earnings | $1.13B | $1.08B | $1.20B | $1.19B | $1.30B | $1.56B | $1.68B | $1.40B | $1.47B | $1.49B |
| Shares (wtd avg diluted) | 133M | 132M | 130M | 116M | 113M | 114M | 101M | 89.0M | 102M | 106M |
Every figure is extracted from Lazard, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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