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Lazard LAZ Corporate — Adjusted Non-compensation Expense
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Where this comes from
Reported directly by Lazard in its filing.
Tagged under the XBRL concept laz:AdjustedNonCompensationExpense.
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 item | Financial Advisory | Asset Management | Corporate | Total |
|---|---|---|---|---|
| Net Revenue - U.S. GAAP Basis | $450,167 | $351,031 | $6,471 | $807,669 |
| Adjusted Compensation and Benefits Expense | 312,735 | 185,287 | 51,549 | 549,571 |
| Adjusted Non-compensation Expense | 59,141 | 71,596 | 40,983 | 171,720 |
| Other Segment Items | (4,848) | (19,723) | 3,368 | (21,203) |
| Adjusted Operating Income (Loss) | $73,443 | $74,425 | $(82,693) | $65,175 |
| Other Segment Disclosures: | ||||
| Interest income (included in net revenue) | $1,243 | $2,486 | $3,522 | $7,251 |
| Depreciation and amortization of property (included in adjusted non-compensation expense) | $1,796 | $1,376 | $4,194 | $7,366 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Lazard's corporate — adjusted non-compensation expense?
- Lazard (LAZ) reported corporate — adjusted non-compensation expense of $40.98M in Q2 2026.
- How has Lazard's corporate — adjusted non-compensation expense changed year-over-year?
- Lazard's corporate — adjusted non-compensation expense decreased by 0.9% year-over-year, from $41.35M to $40.98M.
- 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.
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