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Lazard LAZ Derivative Asset, Security Purchased under Agreement to Resell, and Security Borrowed, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash/Security Not Offset

Derivative Asset, Security Purchased under Agreement to Resell, and Security Borrowed, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash/Security Not Offset at other companies

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State StreetSTT
$55.2B+9.6%
Ally Financial logo
Ally FinancialALLY
$3M+50.0%
Raymond James Financial logo
Raymond James FinancialRJF
$608M+10.3%
Virtu Financial logo
Virtu FinancialVIRT
$4.72B+19.5%
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State StreetSTT
$315.46B-4.2%
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State StreetSTT
$9.47B+46.5%

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:DerivativeAssetSecurityPurchasedUnderAgreementToResellAndSecurityBorrowedSubjectToMasterNettingArrangementCollateralObligationToReturnCashSecurityNotOffset.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's derivative asset, security purchased under agreement to resell, and security borrowed, subject to master netting arrangement, collateral, obligation to return cash/security not offset?
Lazard (LAZ) reported derivative asset, security purchased under agreement to resell, and security borrowed, subject to master netting arrangement, collateral, obligation to return cash/security not offset of $0 in Q1 2026.
What does derivative asset, security purchased under agreement to resell, and security borrowed, subject to master netting arrangement, collateral, obligation to return cash/security not offset mean?
The value of derivative assets and securities purchased under resale agreements that are subject to master netting arrangements but remain on the balance sheet because they do not meet the criteria for full offset. This metric highlights the firm's gross exposure to collateralized lending and derivative counterparties. It provides transparency into the firm's liquidity management and collateral usage.