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Lazard LAZ Long-term investments

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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:Investments.

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 itemJune 30,2026December 31,2025
Fees578,833706,220
Customers and other186,395191,566
765,228897,786
Investments (including $33,770 and $48,966 pledged at June 30, 2026 and December 31, 2025, respectively)540,634625,846
Property (net of accumulated amortization and depreciation of $291,341 and $286,235 at June 30, 2026 and December 31, 2025, respectively)152,658168,005
Operating lease right-of-use assets393,617412,584
Goodwill and other intangible assets (net of accumulated amortization of $67,711 at December 31, 2025)447,556395,262
Deferred tax assets468,830449,531

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's long-term investments?
Lazard (LAZ) reported long-term investments of $540.63M in Q2 2026.
How has Lazard's long-term investments changed year-over-year?
Lazard's long-term investments decreased by 15.2% year-over-year, from $637.47M to $540.63M.
What is the long-term trend for Lazard's long-term investments?
Over 5 years (2020 to 2025), Lazard's long-term investments has grown at a -1.0% compound annual growth rate (CAGR), from $658.53M to $625.85M.
What does long-term investments mean?
Equity investments, venture capital, strategic stakes, and other investments with holding periods expected to exceed one year.

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