Lazard Ltd Reports Full Year And Fourth Quarter 2021 Results

NEW YORK, February 3, 2022 – Lazard Ltd (NYSE: LAZ) today reported record annual operating revenue of $3,139 million for the year ended December 31, 2021. Net income, as adjusted , was a record $576 million, or $5.04 per share (diluted) for the year. On a U.S. GAAP basis, net income for the year was $528 million, or $4.63 per share (diluted).

For the fourth quarter of 2021, net income, as adjusted, was $217 million, or $1.92 per share(diluted), a quarterly record. On a U.S. GAAP basis, net income for the fourth quarter was $210 million, or $1.86 per share (diluted). 

“Our results underscore the strong performance by both our businesses across our global franchise,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “With unprecedented advisory activity and a robust level of assets under management, we continue to invest for growth and long-term shareholder value.”

For more information, download the full press release.