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Lazard LAZ Financial Advisory — Foreign currency translation adjustments

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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:GoodwillForeignCurrencyTranslationGainLoss.

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 itemSix Months Ended June 30, 2026 / Financial AdvisorySix Months Ended June 30, 2026 / Asset ManagementSix Months Ended June 30, 2026 / TotalSix Months Ended June 30, / Financial AdvisorySix Months Ended June 30, 2025 / Asset ManagementSix Months Ended June 30, / Total
Balance, January 1$313,992$81,270$395,262$312,305$81,270$393,575
Purchase and consolidation of business (a)40,47040,470
Sale and deconsolidation of business (b)(359)(359)
Foreign currency translation adjustments(441)(441)1,6501,650
Balance, June 30$313,551$121,381$434,932$313,955$81,270$395,225

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's financial advisory — foreign currency translation adjustments?
Lazard (LAZ) reported financial advisory — foreign currency translation adjustments of -$129K in Q2 2026.
How has Lazard's financial advisory — foreign currency translation adjustments changed year-over-year?
Lazard's financial advisory — foreign currency translation adjustments decreased by 111.5% year-over-year, from $1.12M to -$129K.
What is the long-term trend for Lazard's financial advisory — foreign currency translation adjustments?
Over 2 years (2021 to 2025), Lazard's financial advisory — foreign currency translation adjustments has grown at a -38.4% compound annual growth rate (CAGR), from -$4.44M to $1.69M.
What does financial advisory — foreign currency translation adjustments mean?
Measures the impact of exchange rate fluctuations on the financial results of the advisory segment's international operations. It reflects the volatility inherent in conducting cross-border advisory services and the resulting accounting adjustments when consolidating global earnings.

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