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Lazard LAZ Corporate — Adjusted Non-compensation Expense

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Other financials

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.16B+2.5%

Profitability

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Operating margin11.3%-1.9pp
Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp
Debt / equity2.5×-1.2×

Where this comes from

Reported directly by Lazard in its filing.

Tagged under the XBRL concept laz:AdjustedNonCompensationExpense.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's corporate — adjusted non-compensation expense?
Lazard (LAZ) reported corporate — adjusted non-compensation expense of $33.79M in Q1 2026.
How has Lazard's corporate — adjusted non-compensation expense changed year-over-year?
Lazard's corporate — adjusted non-compensation expense decreased by 6.4% year-over-year, from $36.11M to $33.79M.
What is the long-term trend for Lazard's corporate — adjusted non-compensation expense?
Over 3 years (2022 to 2025), Lazard's corporate — adjusted non-compensation expense has grown at a 4.1% compound annual growth rate (CAGR), from $128.67M to $145.11M.
What does corporate — adjusted non-compensation expense mean?
This metric captures the adjusted operating expenses for the corporate segment, excluding personnel-related costs. It typically includes overhead such as technology, occupancy, professional fees, and administrative support costs. Tracking this helps evaluate the firm's ability to manage its fixed and variable operating costs outside of direct compensation.