Lazard

Name: Lazard (LAZ) shares outstanding since 2008, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

LAZ

Lazard has retired 14.8% of its shares since 2016, from 129,766,091 to 110,548,172.

14.8%retired since 2016

2.0%last 5 years

1.9%last 12 months

111Mshares today

At $36.09 a share, a market value of $4.0B. P/E 14.4, trailing twelve months to March 2026.

Shares outstanding, 2008 to todaysplit adjusted, from SEC filings

2008, 76,294,9122026-07-17, 110,548,172

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2011

1.1× more of Lazard today, without buying another share. It was one of 118,032,020 shares then. It is one of 110,548,172 now.

Every filing we read18 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
2008	2009-01-31	76,294,912	10-K	cover page
2009	2010-01-29	92,165,912	10-K	cover page
2010	2010-12-31	104,411,253	10-K	fiscal-year average
2011	2011-12-31	118,032,020	10-K	fiscal-year average
2012	2012-12-31	116,953,989	10-K	fiscal-year average
2013	2013-12-31	120,854,267	10-K	fiscal-year average
2014	2014-12-31	122,351,836	10-K	fiscal-year average
2015	2015-12-31	125,366,272	10-K	fiscal-year average
2016	2017-01-31	129,766,091	10-K
2017	2018-01-31	129,766,091	10-K
2018	2019-01-30	129,766,091	10-K
2019	2020-01-29	112,766,091	10-K
2020	2021-01-29	112,766,091	10-K
2021	2022-01-28	112,766,091	10-K
2022	2023-01-31	112,766,091	10-K
2023	2024-01-31	112,766,091	10-K
2024	2025-01-31	112,766,091	10-K
2025	2026-01-30	111,728,757	10-K

Source: all 10-K filings of Lazard on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2017 to 2025cash flow statement against share count

$2.8Bspent on buybacks

18Mfewer shares outstanding

$40average price paid per share bought back

2.3%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $36.09.

Lazard buybacks, answered

Is Lazard buying back its stock?

Yes. Lazard has 1.9% fewer shares outstanding than twelve months ago, 110,548,172 as of July 17, 2026. Over five years the share count is down 2.0%.

How many shares has Lazard bought back?

Net of every new share it issued, Lazard has 19.2 million fewer shares than at its 2016 peak. That is 14.8% of the company. Since fiscal 2017 alone it bought back about 70.6 million shares, while the count fell by 19.2 million. The difference went to employees and other new shares.

How many shares does Lazard have outstanding?

110,548,172 shares, as of July 17, 2026, from the cover page of its latest 10-Q. At the 2016 peak it had 129,766,091.

What do Lazard's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Lazard stock in 2016 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Lazard compare with other cannibal stocks?

Lazard ranks No. 426 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Borgwarner (15.1%), Blackbaud (15.1%), InvenTrust Properties (14.8%), Cbre Group (14.7%).

Every answer is computed from Lazard's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.