What is Lazard's deferred revenue?

Lazard (LAZ) reported deferred revenue of $5.83M in Q1 2026.

How has Lazard's deferred revenue changed year-over-year?

Lazard's deferred revenue decreased by 95.5% year-over-year, from $129.21M to $5.83M.

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

Over 5 years (2020 to 2025), Lazard's deferred revenue has grown at a 78.5% compound annual growth rate (CAGR), from $7.67M to $139.02M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Lazard LAZ Deferred Revenue

Deferred Revenue at other companies

Jefferies Financial GroupJEF

$69.5M-14.2%

EvercoreEVR

$22.65M+239%

LPL Financial HoldingsLPLA

$324.12M+20.0%

FTI ConsultingFCN

$53.18M-21.9%

Jones Lang LaSalleJLL

$228.6M+21.8%

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%

CapEx$2.2M-84.2%

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

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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:DeferredRevenue.

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 deferred revenue?: Lazard (LAZ) reported deferred revenue of $5.83M in Q1 2026.
How has Lazard's deferred revenue changed year-over-year?: Lazard's deferred revenue decreased by 95.5% year-over-year, from $129.21M to $5.83M.
What is the long-term trend for Lazard's deferred revenue?: Over 5 years (2020 to 2025), Lazard's deferred revenue has grown at a 78.5% compound annual growth rate (CAGR), from $7.67M to $139.02M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.