Skip to content
Screener

Lazard LAZ Financial Advisory — Adjusted Non-compensation Expense

Similar metrics at other companies

Houlihan Lokey logo
HLIFinancial and Valuation Advisory — Non-compensation expense
$15.53M+14.6%
Houlihan Lokey logo
HLIFinancial Advisory Services — Non-compensation expense by segment
$16.19M+1.3%
Houlihan Lokey logo
HLIFinancial Restructuring — Non-compensation expense
$11.91M+15.5%
Jones Lang LaSalle logo
JLLLeasing Advisory — Adjusted EBITDA
$116.9M+20.5%
Houlihan Lokey logo
HLIFinancial Advisory Services — Employee compensation and benefits
$48.53M+14.0%
Houlihan Lokey logo
HLIFinancial and Valuation Advisory — Employee compensation and benefits
$47.13M+7.5%

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow-$219.3M-0.8%
CapEx$3.9M-66.4%
Free cash flow-$221.5M+4.3%

Valuation

See full
Market cap$4.22B-13.4%
Enterprise value$5.27B-13.6%
P/E18.6×+2.9×
P/S1.3×-0.3×

Profitability

See full
Operating margin9.5%-4.1pp
Net margin7%-3.1pp
FCF margin15.5%-3.7pp

Returns & leverage

See full
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 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 itemFinancial AdvisoryAsset ManagementCorporateTotal
Net Revenue - U.S. GAAP Basis$450,167$351,031$6,471$807,669
Adjusted Compensation and Benefits Expense312,735185,28751,549549,571
Adjusted Non-compensation Expense59,14171,59640,983171,720
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 financial advisory — adjusted non-compensation expense?
Lazard (LAZ) reported financial advisory — adjusted non-compensation expense of $59.14M in Q2 2026.
How has Lazard's financial advisory — adjusted non-compensation expense changed year-over-year?
Lazard's financial advisory — adjusted non-compensation expense increased by 12.8% year-over-year, from $52.43M to $59.14M.
What is the long-term trend for Lazard's financial advisory — adjusted non-compensation expense?
Over 3 years (2022 to 2025), Lazard's financial advisory — adjusted non-compensation expense has grown at a 4.8% compound annual growth rate (CAGR), from $184.44M to $212.03M.
What does financial advisory — adjusted non-compensation expense mean?
Includes all operational costs for the advisory segment excluding personnel expenses, such as technology, office space, and professional services. Monitoring this helps evaluate the firm's ability to manage overhead and maintain operational efficiency in its advisory operations.

Ask your AI about Lazard's financial advisory — adjusted non-compensation expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude