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Lazard LAZ Net operating loss and tax credit carryforwards

Net operating loss and tax credit carryforwards at other companies

Versant Media Group, Inc.
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Versant Media Group, Inc. VSNT
$4M-85.7%
Virtu Financial logo
Virtu FinancialVIRT
$7.88M-23.7%
nVent Electric plc logo
nVent Electric plcNVT
$378.8M+14.6%
Valley National Bank logo
Valley National BankVLY
$7.12M-21.5%
Howmet Aerospace logo
Howmet AerospaceHWM
$1.95B+0.5%
International Paper logo
International PaperIP
$429M+75.1%

Other financials

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%
Enterprise value$5.5B-0.9%
P/E15.7×+1.7×
P/S1.4×-0.1×

Profitability

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Operating margin11.3%-1.9pp
Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp
Debt / equity2.5×-1.2×

Where this comes from

Reported directly by Lazard in its filing.

Tagged under the XBRL concept laz:DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards.

The official record: Lazard’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's net operating loss and tax credit carryforwards?
Lazard (LAZ) reported net operating loss and tax credit carryforwards of $270.26M in Q4 2025.
How has Lazard's net operating loss and tax credit carryforwards changed year-over-year?
Lazard's net operating loss and tax credit carryforwards increased by 4.3% year-over-year, from $259.13M to $270.26M.
What is the long-term trend for Lazard's net operating loss and tax credit carryforwards?
Over 5 years (2020 to 2025), Lazard's net operating loss and tax credit carryforwards has grown at a -0.8% compound annual growth rate (CAGR), from $281.9M to $270.26M.
What does net operating loss and tax credit carryforwards mean?
Represents the tax benefit available from applying past operating losses to reduce future taxable income. This asset is a critical indicator of the firm's ability to utilize historical losses to improve future cash flows. It highlights the firm's tax-shield capacity and historical financial performance.