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Lazard LAZ Communications And Information Technology

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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:CommunicationsAndInformationTechnology.

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
Compensation and benefits562,409519,2081,054,303949,478
Occupancy and equipment33,80733,70365,22769,116
Marketing and business development34,40829,59363,07057,324
Technology and information services52,63349,272100,90895,488
Professional services32,87924,58953,55743,426
Fund administration and outsourced services38,05430,05471,57056,599
Other15,87616,49728,43924,901
Total operating expenses770,066702,9161,437,0741,296,332

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's communications and information technology?
Lazard (LAZ) reported communications and information technology of $52.63M in Q2 2026.
How has Lazard's communications and information technology changed year-over-year?
Lazard's communications and information technology increased by 6.8% year-over-year, from $49.27M to $52.63M.
What is the long-term trend for Lazard's communications and information technology?
Over 4 years (2021 to 2025), Lazard's communications and information technology has grown at a 7.1% compound annual growth rate (CAGR), from $146.77M to $193.2M.
What does communications and information technology mean?
This metric represents the aggregate expenditures related to maintaining and upgrading the firm's digital infrastructure, software licenses, and telecommunications systems. It reflects the company's investment in the technological backbone required to support global financial advisory and asset management operations. Monitoring this helps assess the firm's commitment to digital transformation and operational efficiency.

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