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D&A at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
$495M-2.2%
Morgan Stanley logo
Morgan StanleyMS
$714M-17.5%
Houlihan Lokey logo
Houlihan LokeyHLI
$8.04M-47.8%
Evercore logo
EvercoreEVR
$6.24M+497%
Moelis & Company logo
Moelis & CompanyMC
$3.49M+25.7%
PJT Partners logo
PJT PartnersPJT
$4.34M+32.3%

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:DepreciationDepletionAndAmortization.

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
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of deferred expenses and share-based incentive compensation281,832237,536
Noncash lease expense29,26133,512
Depreciation and amortization of property15,18317,070
Deferred tax benefit(14,862)(17,834)
Gain on sale and deconsolidation of business(75,508)
Other adjustments(470)(5,182)
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's D&A?
Lazard (LAZ) reported D&A of $7.37M in Q2 2026.
How has Lazard's D&A changed year-over-year?
Lazard's D&A decreased by 14.6% year-over-year, from $8.63M to $7.37M.
What is the long-term trend for Lazard's D&A?
Over 4 years (2021 to 2025), Lazard's D&A has grown at a -2.8% compound annual growth rate (CAGR), from $38.32M to $34.19M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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