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Lazard LAZ Deferred Revenue

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$324.12M+20.0%
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$3.83M+29.2%

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:DeferredRevenue.

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

At June 30, 2026, the Company had deferred revenue of $5,401 included in “other liabilities” on the condensed consolidated statements of financial condition. During the three month and six month periods ended June 30, 2026, the Company recognized $1,093 and $9,756 in revenue, respectively, that was included in the deferred revenue balance as of December 31, 2025 of $139,022. The majority of the remaining decrease in the deferred revenue balance in the six month period ended June 30, 2026 relates to the sale and corresponding deconsolidation of Edgewater. See Note 1 for further information.

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's deferred revenue?
Lazard (LAZ) reported deferred revenue of $5.4M in Q2 2026.
How has Lazard's deferred revenue changed year-over-year?
Lazard's deferred revenue decreased by 95.8% year-over-year, from $129.41M to $5.4M.
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.

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