What is Lazard's capex?

Lazard (LAZ) reported capex of $2.19M in Q1 2026.

How has Lazard's capex changed year-over-year?

Lazard's capex decreased by 84.2% year-over-year, from $13.82M to $2.19M.

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

Over 4 years (2021 to 2025), Lazard's capex has grown at a -5.3% compound annual growth rate (CAGR), from $39.7M to $31.95M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Lazard LAZ CapEx

CapEx at other companies

Jefferies Financial GroupJEF

$64.86M+30.8%

Goldman Sachs GroupGS

$565M+13.2%

Houlihan LokeyHLI

$6.25M-56.8%

EvercoreEVR

$3.1M-84.2%

Moelis & CompanyMC

$12.79M+312%

PJT PartnersPJT

$8.26M+317%

Other financials

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%

Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%

Enterprise value$5.5B-0.9%

P/E15.7×+1.7×

P/S1.4×-0.1×

Profitability

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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:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's capex?: Lazard (LAZ) reported capex of $2.19M in Q1 2026.
How has Lazard's capex changed year-over-year?: Lazard's capex decreased by 84.2% year-over-year, from $13.82M to $2.19M.
What is the long-term trend for Lazard's capex?: Over 4 years (2021 to 2025), Lazard's capex has grown at a -5.3% compound annual growth rate (CAGR), from $39.7M to $31.95M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.