Lazard reports Q1 2026 net revenue of $757M, plans Campbell Lutyens acquisition to boost advisory business.

Lazard announced Q1 2026 net revenue of $757 million, with net income of $101 million, reflecting strong asset management growth and stable financial advisory results despite a slight revenue dip. The firm plans to acquire Campbell Lutyens, aiming to create a leading global advisory business with $500 million in expected 2027 revenue. This acquisition aligns with Lazard's long-term growth strategy, enhancing its advisory and asset management capabilities. The deal is expected to close in the second half of 2026, pending regulatory approvals.