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Lazard LAZ Q1 2026 earnings

Reported May 1, 2026 · Before market open

Revenue$673.0MMiss by $34.4MDiluted EPS$0.42Miss by $0.10
Revenue estimate$707.4M
EPS estimate$0.52

Next report

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

Financials

Q1 2026

Income statement

See full
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

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

Valuation & ratios

Valuation

as of 07/13/26
See full
Market cap$4.08B-13.5%
Enterprise value$5.22B-12.2%
P/E14.7×-0.5×
P/S1.3×-0.3×

Profitability

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

Returns & leverage

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

Segments

By segment

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

By product

See full
Management Fees$315.5M—
Incentive Fees$11.8M—

Versus estimates

Revenue

Q1 2026$673.0MMiss by $34.4M
Q4 2025$906.7MBeat by $85.0MQ3 2025$782.4MBeat by $56.2MQ2 2025$808.0MBeat by $68.0MQ1 2025$657.5MMiss by $35.9MQ4 2024$824.7MBeat by $102.1M

Diluted EPS

Q1 2026$0.42Miss by $0.10
Q4 2025$0.80Beat by $0.12Q3 2025$0.56Beat by $0.12Q2 2025$0.52Beat by $0.14Q1 2025$0.56Beat by $0.27Q4 2024$0.78Beat by $0.09

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Questions, answered.

When did Lazard report Q1 2026 earnings?
Lazard (LAZ) reported Q1 2026 earnings on May 1, 2026 before market open.
What were Lazard's Q1 2026 revenue and EPS?
Lazard reported revenue of $673.0M and diluted EPS of $0.42 for Q1 2026.
Did Lazard beat estimates in Q1 2026?
Revenue missed the consensus estimate of $707.4M by $34.4M. EPS missed the consensus estimate of $0.52 by $0.10.
How did Lazard's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.4% from $657.5M a year earlier and diluted EPS declined 25.0% from $0.56.
Where can I find Lazard's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-028551) and the 10-Q periodic report (0001311370-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.