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Lazard LAZ Acquisitions

Acquisitions at other companies

Houlihan Lokey logo
Houlihan LokeyHLI
$1.81M+279%
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
$4.71M
Blackrock logo
BlackrockBLK
$15M-99.5%
Piper Sandler logo
Piper SandlerPIPR
$1.15M
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
$131.4M+67.9%
APA
Artisan Partners Asset Management Inc.APAM
$22.51M

Other financials

Income statement

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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

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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

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Operating cash flow-$219.3M-0.8%
CapEx$3.9M-66.4%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.22B-13.4%
Enterprise value$5.27B-13.6%
P/E18.6×+2.9×
P/S1.3×-0.3×

Profitability

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Operating margin9.5%-4.1pp
Net margin7%-3.1pp
FCF margin15.5%-3.7pp

Returns & leverage

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

Where this comes from

Reported directly by Lazard in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Lazard’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001311370-26-000022
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net cash used in operating activities(15,865)(167,846)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property(6,110)(25,510)
Purchase and consolidation of business, net of cash acquired179
Sale and deconsolidation of business, net of cash proceeds(46,226)
Proceeds from sale of property3,558
Proceeds from (payments for) customer loans, net(2,698)(25,170)
Other investing activities(9)1,666

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's acquisitions?
Lazard (LAZ) reported acquisitions of -$46.41M in Q2 2026.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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