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Lazard LAZ Contract Liabilities

Contract Liabilities at other companies

Moelis & CompanyMC

$7.77M-5.3%

PJT PartnersPJT

$14.23M-14.0%

StepStone Group Inc.STEP

$24.6M-15.8%

Jones Lang LaSalleJLL

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Other financials

Income statement

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

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

Operating cash flow-$219.3M-0.8%

CapEx$2.2M-84.2%

Free cash flow-$221.5M+4.3%

Valuation

Market cap$4.36B+2.5%

Enterprise value$5.5B-0.9%

P/E15.7×+1.7×

P/S1.4×-0.1×

Profitability

Operating margin11.3%-1.9pp

Net margin8.6%-1.7pp

FCF margin15.5%-3.7pp

Returns & leverage

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:ContractWithCustomerLiability.

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 contract liabilities?: Lazard (LAZ) reported contract liabilities of $139.02M in Q4 2025.
How has Lazard's contract liabilities changed year-over-year?: Lazard's contract liabilities increased by 1.8% year-over-year, from $136.54M to $139.02M.
What is the long-term trend for Lazard's contract liabilities?: Over 5 years (2020 to 2025), Lazard's contract liabilities has grown at a 8.9% compound annual growth rate (CAGR), from $90.72M to $139.02M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.