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Lazard LAZ Compensation and benefits

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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:LaborAndRelatedExpense.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest expense22,53121,16345,34842,276
Net revenue807,669795,9971,564,2511,444,048
OPERATING EXPENSES
Compensation and benefits562,409519,2081,054,303949,478
Occupancy and equipment33,80733,70365,22769,116
Marketing and business development34,40829,59363,07057,324
Technology and information services52,63349,272100,90895,488
Professional services32,87924,58953,55743,426

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's compensation and benefits?
Lazard (LAZ) reported compensation and benefits of $562.41M in Q2 2026.
How has Lazard's compensation and benefits changed year-over-year?
Lazard's compensation and benefits increased by 8.3% year-over-year, from $519.21M to $562.41M.
What is the long-term trend for Lazard's compensation and benefits?
Over 4 years (2021 to 2025), Lazard's compensation and benefits has grown at a 2.4% compound annual growth rate (CAGR), from $1.9B to $2.09B.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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