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Lazard LAZ Asset Management — Revenue

Other segment segments

Financial Advisory
$448.92M-9.7%
Corporate
$6.47M+4.2%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net Revenue:
Financial Advisory (a)$448,923$497,306$807,092$864,665
Asset Management:
Management fees (b)$329,633$270,327$645,108$525,027
Incentive fees (c)5,2645,28117,08815,189
Other (d)7,28616,87018,25940,362
Total Asset Management$342,183$292,478$680,455$580,578

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's asset management — revenue?
Lazard (LAZ) reported asset management — revenue of $342.18M in Q2 2026.
How has Lazard's asset management — revenue changed year-over-year?
Lazard's asset management — revenue increased by 17.0% year-over-year, from $292.48M to $342.18M.
What is the long-term trend for Lazard's asset management — revenue?
Over 4 years (2021 to 2025), Lazard's asset management — revenue has grown at a -2.7% compound annual growth rate (CAGR), from $1.42B to $1.27B.
What does asset management — revenue mean?
Represents the total gross revenue generated by the asset management business segment. This metric reflects the scale of investment management fees and related services provided to institutional and private clients.

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