What is Lazard's accrued expenses?

Lazard (LAZ) reported accrued expenses of $222.68M in Q4 2025.

How has Lazard's accrued expenses changed year-over-year?

Lazard's accrued expenses increased by 4.0% year-over-year, from $214.12M to $222.68M.

What is the long-term trend for Lazard's accrued expenses?

Over 5 years (2020 to 2025), Lazard's accrued expenses has grown at a 4.3% compound annual growth rate (CAGR), from $180.72M to $222.68M.

What does accrued expenses mean?

Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

Lazard LAZ Accrued Expenses

Accrued Expenses at other companies

Piper SandlerPIPR

$145M+122%

LPL Financial HoldingsLPLA

$33.37M+11.9%

Raymond James FinancialRJF

$43M-6.5%

FTI ConsultingFCN

$369.35M+10.9%

Janus Henderson GroupJHG

$199.6M+16.5%

Jones Lang LaSalleJLL

$1.3B+12.0%

Other financials

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

See full

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

See full

Market cap$4.36B+2.5%

Enterprise value$5.5B-0.9%

P/E15.7×+1.7×

P/S1.4×-0.1×

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×

Where this comes from

Reported directly by Lazard in its filing.

Tagged under the XBRL concept us-gaap:AccruedLiabilitiesCurrentAndNoncurrent.

The official record: Lazard’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's accrued expenses?: Lazard (LAZ) reported accrued expenses of $222.68M in Q4 2025.
How has Lazard's accrued expenses changed year-over-year?: Lazard's accrued expenses increased by 4.0% year-over-year, from $214.12M to $222.68M.
What is the long-term trend for Lazard's accrued expenses?: Over 5 years (2020 to 2025), Lazard's accrued expenses has grown at a 4.3% compound annual growth rate (CAGR), from $180.72M to $222.68M.
What does accrued expenses mean?: Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.