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Lazard LAZ Asset Management — Intangible assets

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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$4.09B-16.7%
Enterprise value$5.14B-16.2%
P/E18×+2.2×
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:FiniteLivedIntangibleAssetsGross.

The official record: Lazard’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's asset management — intangible assets?
Lazard (LAZ) reported asset management — intangible assets of $12.62M in Q2 2026.
What does asset management — intangible assets mean?
This metric quantifies the carrying value of non-physical assets, such as investment management contracts, client relationships, and brand value, specifically attributed to the asset management segment. These assets often arise from business acquisitions and represent the future economic benefits expected from the segment's client base. Tracking this value is essential for evaluating the segment's growth strategy and the potential for future impairment charges.