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Lazard

LAZ

Lazard is a leading global financial advisory and asset management firm that provides strategic advice and investment solutions to a diverse client base including corporations, governments, and institutions.

Market cap
$4.08B-16.8%
Revenue$3.2B+9.3%
Net income$277.4M-8.9%
Free cash flow$497.3M-11.6%
EPS (diluted)$2.53-11.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$736.2M
EPS estimate$0.34

Financials

Q1 2026

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation & ratios

Valuation

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Market cap$4.08B-16.8%
Enterprise value$5.22B-12.2%
P/E14.7×-0.5×
P/S1.3×-0.3×

Profitability

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Operating margin11.3%-1.9pp
Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp
Debt / equity2.5×-1.2×

Segments

By segment

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Financial Advisory$358.2M-2.5%
Asset Management$338.3M+17.4%
Corporate-$12.7M-72.1%

By product

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Management Fees$315.5M
Incentive Fees$11.8M

Competitors

Profile

Lazard is a leading global financial advisory and asset management firm that provides strategic advice and investment solutions to a diverse client base including corporations, governments, and institutions. The company leverages its extensive global network and deep local market knowledge to deliver independent, differentiated insights across major financial centers. Its core value proposition is built on providing senior-level attention and contextual alpha to help clients navigate complex macroeconomic and geopolitical landscapes.

Competitive position

A premier independent global firm known for its cross-border M&A expertise and fundamental research-driven asset management.

GeographiesNorth America, Europe, Middle East, Asia, Australia, South America
Customer segmentsEnterprise, Government, Institutional Investors, Ultra-high-net-worth individuals
Business modelFee-for-service advisory, AUM-based management fees, Performance-based fees
SuppliersIntellectual capital and professional talent, Market data providers, Technology and AI infrastructure, Regulatory licenses
CustomersGlobal corporations, Sovereign nations, Pension funds, Retail investors via intermediaries
CountryBermuda
Listed2005
Employees3.3K
CEOPeter R. Orszag
Websitelazard.com
FilingsSEC EDGAR

Questions, answered.

What is Lazard's market cap?
Lazard (LAZ) has a market capitalization of $4.1B and trades on NYSE.
What is Lazard's revenue and profitability?
Lazard generated $3.2B in trailing twelve-month revenue with net income of $277.4M, representing a net margin of 8.6%, with free cash flow of $497.3M. These figures are based on the Q1 2026 filing.
Who are Lazard's competitors?
Lazard's key competitors include Goldman Sachs, Houlihan Lokey, BlackRock, and others. These companies compete in similar markets and product categories.
Who does Lazard partner with?
Lazard's notable partners include Pershing LLC.
What subsidiaries does Lazard have?
Lazard's subsidiaries include Lazard Frères & Co. LLC, Lazard Asset Management LLC, Lazard Frères Banque SA, and others.
Where is Lazard headquartered?
Lazard is headquartered in Bermuda and employs approximately 3,291 people. It has been publicly traded since 2005.