Lazard (NYSE:LAZ) reported on Tuesday, February 10, 2026, that its preliminary assets under management (AUM) reached $266.95 billion as of January 31, a significant leap from the $254.3 billion recorded at the end of 2025.
The nearly 5% monthly increase was fueled by a robust combination of $7.6 billion in market appreciation and $2.9 billion in fresh net inflows, signaling strong institutional confidence in the firm’s active management strategies.
The January report also debuted a structural shift in how the firm communicates its value to investors.
Lazard has officially expanded its reporting to include a "Multi Asset" classification, which housed $25.3 billion as of January 31.
This move, which involved recasting prior-period data for comparability, highlights the firm’s strategic push to diversify beyond its traditional equity-heavy roots into blended, high-conviction investment solutions.
Currency tailwinds also played a supportive role, with $2.1 billion in foreign exchange appreciation boosting the total.
The gains were felt across the board, with the flagship Equity segment growing to $195.8 billion and Fixed Income rising to $35.8 billion.
This momentum follows a solid fourth-quarter earnings beat and the recent appointment of Tracy Farr as Chief Financial Officer, moves that have helped Lazard’s stock trade near its 52-week high as investors bet on an M&A recovery and continued AUM expansion in 2026.