What is Lazard's financial advisory — acquisition of business?

Lazard (LAZ) reported financial advisory — acquisition of business of $0 in Q4 2025.

What does financial advisory — acquisition of business mean?

This metric tracks the cash outflows or capital deployed for the acquisition of other businesses or entities specifically within the financial advisory division. It serves as a key indicator of inorganic growth strategy and the expansion of advisory capabilities through M&A.

Lazard LAZ Financial Advisory — Acquisition of business

Other segment segments

Asset Management

$0—

Similar metrics at other companies

NBRPayment related to business acquisition

$21.11M—

TPLAcquisitions

$1.04M—

LSAKPayment related to business acquisition

$12.94M+20.2%

MKCPayment related to business acquisition

$729.9M—

AMTAcquisitions

$114M-38.3%

CSXAcquisitions

$1M-50.0%

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$4.23B-17.5%

Enterprise value$5.29B-16.8%

P/E18.7×+2.1×

P/S1.3×-0.4×

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:GoodwillAcquiredDuringPeriod.

The official record: Lazard’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's financial advisory — acquisition of business?: Lazard (LAZ) reported financial advisory — acquisition of business of $0 in Q4 2025.
What does financial advisory — acquisition of business mean?: This metric tracks the cash outflows or capital deployed for the acquisition of other businesses or entities specifically within the financial advisory division. It serves as a key indicator of inorganic growth strategy and the expansion of advisory capabilities through M&A.