What is Lazard's asset management — acquisition of business?

Lazard (LAZ) reported asset management — acquisition of business of $0 in Q4 2025.

What does asset management — acquisition of business mean?

This metric tracks the cash outflows or capital deployed for the purchase of other businesses or entities integrated into the asset management division. It reflects the company's inorganic growth strategy and expansion efforts within its investment management capabilities. Monitoring this provides insight into how the firm scales its assets under management and market reach through external acquisitions.

Lazard LAZ Asset Management — Acquisition of business

Other segment segments

Financial Advisory

$0—

Similar metrics at other companies

STTInvestment Management — Acquisitions

$0—

LASEPurchase Of Acquisition

$964.5K—

OMCLPayments For Asset Acquisitions

$607.5K—

AGOAssets acquired

$0—

JEFAsset Management — Business development

$3.9M-57.1%

MSAsset Management — Acquired

$0—

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$4.23B-17.5%

Enterprise value$5.29B-16.8%

P/E18.7×+2.1×

P/S1.3×-0.4×

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:GoodwillAcquiredDuringPeriod.

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 asset management — acquisition of business?: Lazard (LAZ) reported asset management — acquisition of business of $0 in Q4 2025.
What does asset management — acquisition of business mean?: This metric tracks the cash outflows or capital deployed for the purchase of other businesses or entities integrated into the asset management division. It reflects the company's inorganic growth strategy and expansion efforts within its investment management capabilities. Monitoring this provides insight into how the firm scales its assets under management and market reach through external acquisitions.