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CapEx at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
$48M+9.9%
Goldman Sachs Group logo
Goldman Sachs GroupGS
$565M+13.2%
Houlihan Lokey logo
Houlihan LokeyHLI
$6.25M-56.8%
Evercore logo
EvercoreEVR
$10.73M-58.8%
Moelis & Company logo
Moelis & CompanyMC
$12.79M+312%
PJT Partners logo
PJT PartnersPJT
$8.26M+317%

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%
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:PaymentsToAcquirePropertyPlantAndEquipment.

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
Accrued compensation and benefits and other liabilities(497,478)(585,359)
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)

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's capex?
Lazard (LAZ) reported capex of $3.93M in Q2 2026.
How has Lazard's capex changed year-over-year?
Lazard's capex decreased by 66.4% year-over-year, from $11.69M to $3.93M.
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.

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