LAZARD REPORTS JANUARY 2026 ASSETS UNDER MANAGEMENT

Rhea-AI Summary

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $266.95 billion as of January 31, 2026. The month’s change included $7.6 billion of market appreciation, $2.9 billion of net inflows and $2.1 billion of FX appreciation.

The company recast prior-period data to reflect an expanded multi asset classification; January AUM is unaudited and preliminary.

News Market Reaction

-0.05%

1 alert

-0.05% News Effect

On the day this news was published, LAZ declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total AUM: $267.0B Market appreciation: $7.6B Net inflows: $2.9B +5 more

8 metrics

Total AUM $267.0B Preliminary AUM as of Jan 31, 2026

Market appreciation $7.6B Market impact on AUM in January 2026

Net inflows $2.9B Client flows in January 2026

FX appreciation $2.1B Currency impact on AUM in January 2026

Equity AUM $195,775M Equity assets as of Jan 31, 2026

Fixed Income AUM $35,758M Fixed income assets as of Jan 31, 2026

Multi Asset AUM $25,267M Multi asset classification as of Jan 31, 2026

Alternatives AUM $10,153M Alternative assets as of Jan 31, 2026

Market Reality Check

Price: $51.99 Vol: Volume 776,519 vs 20-day ...

normal vol

$51.99 Last Close

Volume Volume 776,519 vs 20-day average 1,061,362 (relative volume 0.73x), indicating subdued trading ahead of the update. normal

Technical Shares at $57.00 are trading above the 200-day MA of $50.11 and sit 1.84% below the 52-week high of $58.07.

Peers on Argus

LAZ gained 0.35% while peers like BGC (+5.49%), PIPR (+2.59%), and SNEX (+2.59%)...

LAZ gained 0.35% while peers like BGC (+5.49%), PIPR (+2.59%), and SNEX (+2.59%) also traded higher. Despite multiple peers moving up, the momentum scanner did not flag a sector-wide move, suggesting this AUM update is being priced more company-specifically.

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	CFO appointment	Positive	+2.2%	New CFO named, supporting long-term financial leadership transition.
Jan 29	Earnings results	Positive	+2.2%	Q4 and full-year 2025 results with record advisory revenue and higher AUM.
Jan 28	Dividend declaration	Positive	-0.3%	Quarterly dividend of $0.50 per share set with payment and record dates.
Jan 22	Fund distribution	Neutral	-3.3%	LGI fund monthly distribution with high return-of-capital component disclosed.
Jan 21	Conference appearance	Neutral	+3.6%	Asset Management CEO scheduled to speak at UBS Financial Services Conference.

Pattern Detected

Recent history shows LAZ often trading higher on earnings and leadership news, with mixed reactions to dividends and fund-related updates.

Recent Company History

Over the past few weeks, Lazard has reported several corporate and financial milestones. On Jan 29, it named a new CFO and released strong 2025 results, both associated with a +2.24% move. A quarterly dividend of $0.50 on Jan 28 saw a slight -0.30% reaction, while a fund distribution update on Jan 22 coincided with a -3.31% move. A conference appearance announcement on Jan 21 preceded a +3.62% gain. Today’s AUM release fits into this sequence of balance-sheet and franchise-strengthening news.

Market Pulse Summary

This announcement highlights preliminary January 2026 assets under management of $267.0B, up from $2...

Analysis

This announcement highlights preliminary January 2026 assets under management of $267.0B, up from $254,300M at year-end 2025, driven by market appreciation, net inflows, and FX. It follows recent earnings and leadership updates that also emphasized AUM growth. Investors may watch whether these inflows persist, how mix shifts across equity, fixed income, multi asset, and alternatives, and how future disclosures refine these preliminary figures.

Key Terms

AUM, FX

2 terms

AUM financial

"reported today that its preliminary assets under management ("AUM") as of January 31"

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

FX financial

"The month's AUM included market appreciation of $7.6 billion, net inflows of $2.9 billion and FX appreciation of $2.1 billion."

fx stands for foreign exchange, the system of buying, selling and converting one currency into another. For investors, fx matters because changes in exchange rates can raise or lower a company’s reported sales, costs and profits when business crosses borders—like how the same amount of money can buy more or less abroad—so movements in fx can affect earnings, valuation and investment returns.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 10, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of January 31, 2026 totaled approximately $267.0 billion. The month's AUM included market appreciation of $7.6 billion, net inflows of $2.9 billion and FX appreciation of $2.1 billion.

LAZARD, INC.
ASSETS UNDER MANAGEMENT ("AUM")
(unaudited)
($ in millions)
		As of:
		January 31,	December 31,
		20261	2025
Equity		$195,775	$184,472
Fixed Income		35,758	35,065
Multi Asset		25,267	24,783
Alternatives		10,153	9,980
Total AUM		$266,953	$254,300

(1) Preliminary – subject to adjustment

Note: In 2026 assets under management reporting has been expanded to include a multi asset classification. The comparable prior period has been recast to reflect the new presentation.

About Lazard

Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.

Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," "pipeline," or "continue," and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements.

These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A "Risk Factors," and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following:

• Adverse general economic conditions or adverse conditions in global or regional financial markets;
• Changes in international trade policies and practices including the implementation of tariffs, proposed further tariffs, and responses from other jurisdictions, and the economic impacts, volatility and uncertainty resulting therefrom;
• A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&A) activity, our share of the M&A market or our assets under management (AUM);
• Losses caused by financial or other problems experienced by third parties;
• Losses due to unidentified or unanticipated risks;
• A lack of liquidity, i.e., ready access to funds, for use in our businesses;
• Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels and;
• Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items.

These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so.

Lazard, Inc. is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors can link to Lazard and its operating company websites through www.lazard.com.

###

Investor Contact:
Alexandra Deignan +1 212 632 6886
alexandra.deignan@lazard.com

Media Contacts:
Zoe Butt +44 20 7448 2802
zoe.butt@lazard.com

Aziz Nayani +1 212 632 6042
aziz.nayani@lazard.com

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SOURCE Lazard

FAQ

What did Lazard (LAZ) report for total AUM on January 31, 2026?

Lazard reported preliminary total AUM of approximately $266.95 billion as of January 31, 2026. According to the company, the figure is unaudited and preliminary and reflects a recast to include a new multi asset classification for comparability.

What drove the change in Lazard's AUM in January 2026 for LAZ?

January AUM change was driven by market appreciation, net inflows and FX moves. According to the company, that included $7.6B market appreciation, $2.9B net inflows and $2.1B FX appreciation.

How did Lazard (LAZ) classify assets in the January 2026 AUM table?

Lazard expanded reporting to include a multi asset classification and recast prior periods for comparability. According to the company, categories shown include equity, fixed income, multi asset and alternatives.

Is Lazard's January 31, 2026 AUM final and audited for LAZ?

No, the January 31, 2026 AUM figure is preliminary and subject to adjustment. According to the company, the amounts are unaudited and may be updated when finalized.