LAZ

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Lazard, Inc.

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Key Metrics

Previous Close: $45.21
52-Week Range: $38.67 – $58.75
Market Cap: $4.17B
P/E (TTM): 22.28
EPS (TTM): 1.92
Dividend Yield: 4.42%

Advanced Metrics

Price/Book: 4.74
PEG Ratio: 1.00
Return on Equity: 25.66%
Return on Assets: 5.46%
Gross Margin: 89.51%
Operating Margin: 4.83%
Profit Margin: 7.09%
Current Ratio: 5.30
Debt/Equity: 2.26
Total Debt: $2.29B
Free Cash Flow: —
Revenue Growth: 0.10%
Earnings Growth: -94.20%
Enterprise Value: $5.46B

LAZ Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.83B	$2.55B	$3.09B	$3.15B
Cost of Revenue	$1.66B	$1.95B	$2.00B	$2.09B
Gross Profit	$1.17B	$605.13M	$1.08B	$1.06B
Selling, General & Admin	$384.87M	$430.66M	$426.66M	$461.24M
Operating Expenses	$600.27M	$649.44M	$662.15M	$685.87M
Operating Income	$568.91M	-$44.31M	$420.94M	$376.73M
EBITDA	$640.71M	$40.57M	$510.82M	$449.41M
Pretax Income	$516.85M	-$79.96M	$386.47M	$327.60M
Income Tax	$124.36M	-$22.65M	$99.76M	$76.58M
Net Income	$357.52M	-$75.48M	$279.91M	$236.83M
Diluted EPS	3.51	-0.90	2.68	2.17
Diluted Shares	101.00M	88.99M	102.39M	106.34M

LAZ Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.23B	$971.32M	$1.31B	$1.47B
Receivables	$726.43M	$832.02M	$800.32M	$950.67M
Current Assets	$3.58B	$2.29B	$2.62B	$2.78B
Total Assets	$5.85B	$4.64B	$4.79B	$4.94B
Current Liabilities	$1.56B	$1.03B	$896.78M	$886.39M
Long-Term Debt	$1.69B	$1.69B	$1.69B	$1.69B
Total Debt	$2.20B	$2.18B	$2.19B	$2.17B
Total Liabilities	$4.59B	$4.07B	$4.03B	$3.95B
Retained Earnings	$1.68B	$1.40B	$1.47B	$1.49B
Shareholders' Equity	$556.46M	$423.76M	$636.24M	$873.65M
Working Capital	$2.02B	$1.26B	$1.72B	$1.90B
Net Debt	$452.94M	$718.88M	$378.83M	$218.67M

LAZ Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$833.98M	$164.66M	$742.83M	$519.33M
Capital Expenditure	-$49.51M	-$28.30M	-$45.50M	-$31.95M
Free Cash Flow	$784.47M	$136.37M	$697.33M	$487.38M
Depreciation & Amortisation	$42.34M	$42.85M	$36.28M	$34.19M
Investing Cash Flow	-$56.44M	-$38.32M	$134.07M	-$81.98M
Financing Cash Flow	-$1.38B	-$1.57B	-$439.67M	-$463.64M
Dividends Paid	-$181.88M	-$173.07M	-$179.02M	-$186.58M
Share Repurchases	-$691.71M	-$102.05M	-$59.50M	-$91.01M
Net Change in Cash	-$604.49M	-$1.44B	$437.23M	-$26.30M

LAZ Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$807.95M	$763.10M	$919.41M	$771.59M	—
Cost of Revenue	$519.21M	$498.21M	$637.69M	$491.89M	—
Gross Profit	$288.75M	$264.89M	$281.72M	$279.69M	—
Selling, General & Admin	$117.94M	$111.33M	$123.44M	$114.28M	—
Operating Expenses	$183.71M	$154.94M	$184.07M	$175.11M	—
Operating Income	$105.04M	$109.96M	$97.65M	$104.58M	—
EBITDA	$122.87M	$126.09M	$116.25M	$120.21M	—
Pretax Income	$93.08M	$94.93M	$84.95M	$89.57M	—
Income Tax	$31.76M	$21.43M	$30.74M	-$10.99M	—
Net Income	$55.35M	$71.25M	$49.86M	$100.92M	—
Diluted EPS	0.52	0.65	0.45	0.91	0.03
Diluted Shares	104.91M	108.00M	107.61M	106.79M	107.34M

LAZ Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$908.59M	$978.26M	$1.17B	$1.47B	$1.02B
Receivables	$683.00M	$754.79M	$774.68M	$950.67M	$773.78M
Current Assets	$1.89B	$2.00B	$2.20B	$2.78B	$2.01B
Total Assets	$4.23B	$4.49B	$4.63B	$4.94B	$4.24B
Current Liabilities	$411.21M	$476.15M	$402.58M	$886.39M	$357.71M
Long-Term Debt	$1.69B	$1.69B	$1.69B	$1.69B	$1.69B
Total Debt	$2.19B	$2.21B	$2.20B	$2.17B	$2.16B
Total Liabilities	$3.50B	$3.62B	$3.68B	$3.95B	$3.29B
Retained Earnings	$1.48B	$1.48B	$1.49B	$1.49B	$1.56B
Shareholders' Equity	$603.03M	$741.60M	$841.52M	$873.65M	$881.30M
Working Capital	$1.48B	$1.53B	$1.80B	$1.90B	$1.65B
Net Debt	$779.25M	$710.37M	$515.30M	$218.67M	$668.14M

LAZ Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$217.53M	$49.68M	$287.47M	$399.70M	-$219.27M
Capital Expenditure	-$13.82M	-$11.69M	-$2.86M	-$3.58M	-$2.19M
Free Cash Flow	-$231.35M	$37.99M	$284.62M	$396.12M	-$221.45M
Depreciation & Amortisation	$8.44M	$8.63M	$8.48M	$8.64M	$7.82M
Investing Cash Flow	-$22.69M	-$26.32M	-$14.94M	-$18.03M	-$47.51M
Financing Cash Flow	-$191.57M	-$39.97M	-$97.41M	-$134.68M	-$153.39M
Dividends Paid	-$44.95M	-$47.07M	-$47.18M	-$47.38M	-$46.95M
Share Repurchases	-$36.16M	-$3.76M	-$1.08M	-$50.00M	-$1.69M
Net Change in Cash	-$431.79M	-$16.61M	$175.13M	$246.99M	-$420.16M

Market Snapshot

About

Lazard, Inc. is a premier global financial advisory and asset management firm operating from more than 40 cities across 25 countries. The company provides independent advice on mergers and acquisitions, strategic matters, restructuring, and capital structure to corporations, governments, and institutions worldwide. Lazard also offers asset management services to institutional and private clients through separate accounts and investment funds.