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Lazard LAZ Operating Income

Operating Income at other companies

Houlihan Lokey logo
Houlihan LokeyHLI
$125.15M-11.3%
Moelis & Company logo
Moelis & CompanyMC
$40.5M+9.7%
Blackrock logo
BlackrockBLK
$2.46B+42.2%
Acadian Asset Management logo
Acadian Asset ManagementAAMI
$32.4M+100%
FTI Consulting logo
FTI ConsultingFCN
$85.02M-14.3%
APA
Artisan Partners Asset Management Inc.APAM
$94.21M+8.9%

Other financials

Income statement

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Revenue$807.7M+1.5%
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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Fund administration and outsourced services38,05430,05471,57056,599
Other15,87616,49728,43924,901
Total operating expenses770,066702,9161,437,0741,296,332
OPERATING INCOME37,60393,081127,177147,716
Provision for income taxes23,87131,76412,88224,410
NET INCOME13,73261,317114,295123,306
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS8,9245,9718,5717,585
NET INCOME ATTRIBUTABLE TO LAZARD$4,808$55,346$105,724$115,721

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's operating income?
Lazard (LAZ) reported operating income of $37.6M in Q2 2026.
How has Lazard's operating income changed year-over-year?
Lazard's operating income decreased by 59.6% year-over-year, from $93.08M to $37.6M.
What is the long-term trend for Lazard's operating income?
Over 3 years (2021 to 2025), Lazard's operating income has grown at a -23.2% compound annual growth rate (CAGR), from $723.85M to $327.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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