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Lazard LAZ Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$786.5MBeat by $50.2M
EPS$0.12Miss by $0.22
Revenue estimate$736.3M
EPS estimate$0.34
“In Asset Management, we delivered our best first-half net inflows in nearly 20 years and reached record reported AUM, providing clear evidence of the inflection we anticipated. In Financial Advisory, we achieved our strongest announced half-year league table position since 2014, with a variety of forward indicators supporting our view that the investments we made to strengthen our MD talent are shifting from a headwind to a tailwind for productivity and revenue growth.”
Peter R. Orszag

Next report

Oct 22, 2026 (in a month)
Revenue estimate$841.8M
EPS estimate$0.60

Financials

Q2 2026

Income statement

See full
Revenue$807.7M+1.5%
Operating income$37.6M-59.6%
Net income$4.8M-91.3%
EPS (diluted)$0.03-94.2%

Balance sheet

See full
Cash & equivalents$1.1B+12.4%
Total debt$2.2B-2.4%
Total equity$914.3M+23.3%
Total assets$4.4B-2.9%

Cash flow

See full
CapEx$3.9M-66.4%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$3.76B-26.6%
Enterprise value$4.82B-24.2%
P/E16.6×+0.1×
P/S1.2×-0.5×

Profitability

See full
Operating margin9.5%-4.1pp
Net margin7%-3.1pp

Returns & leverage

See full
Return on equity27.4%-24.3pp
Debt / equity2.4×-0.6×

Segments

By segment

See full
Financial Advisory$448.9M-9.7%
Asset Management$342.2M+17.0%
Corporate$6.5M+4.2%

By product

See full
Management Fees$329.6M+21.9%
Incentive Fees$5.3M—

FAQ

When did Lazard report Q2 2026 earnings?
Lazard (LAZ) reported Q2 2026 earnings on July 23, 2026 before market open.
What were Lazard's Q2 2026 revenue and EPS?
Lazard reported revenue of $786.5M and eps of $0.12 for Q2 2026.
Did Lazard beat estimates in Q2 2026?
Revenue beat the consensus estimate of $736.3M by $50.2M. EPS missed the consensus estimate of $0.34 by $0.22.
How did Lazard's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.7% from $808.0M a year earlier and eps declined 76.9% from $0.52.
Where can I find Lazard's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-049278) and the 10-Q periodic report (0001311370-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.