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Lazard LAZ Asset Management — Foreign currency translation adjustments

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Financial Advisory
-$129K-111%

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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:GoodwillForeignCurrencyTranslationGainLoss.

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, 2026 / Financial AdvisorySix Months Ended June 30, 2026 / Asset ManagementSix Months Ended June 30, 2026 / TotalSix Months Ended June 30, / Financial AdvisorySix Months Ended June 30, 2025 / Asset ManagementSix Months Ended June 30, / Total
Balance, January 1$313,992$81,270$395,262$312,305$81,270$393,575
Purchase and consolidation of business (a)40,47040,470
Sale and deconsolidation of business (b)(359)(359)
Foreign currency translation adjustments(441)(441)1,6501,650
Balance, June 30$313,551$121,381$434,932$313,955$81,270$395,225

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's asset management — foreign currency translation adjustments?
Lazard (LAZ) reported asset management — foreign currency translation adjustments of $0 in Q2 2026.
What does asset management — foreign currency translation adjustments mean?
The impact of fluctuations in foreign exchange rates on the financial results of the asset management segment. This reflects the volatility inherent in managing international assets denominated in currencies other than the reporting currency.

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