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Lazard LAZ Investments, at fair value

Investments, at fair value at other companies

Golub Capital logo
Golub CapitalGBDC
$55.76M+221%
Golub Capital logo
Golub CapitalGBDC
$333.63M-6.3%
Golub Capital logo
Golub CapitalGBDC
$4.77M-2.3%
Golub Capital logo
Golub CapitalGBDC
$86.66M+5.6%
Golub Capital logo
Golub CapitalGBDC
$29.08M+60.6%
Golub Capital logo
Golub CapitalGBDC
$64.45M-8.1%

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 laz:InvestmentsFairValueDisclosureExcludingEquityMethodInvestments.

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
Alternative investments (a)46,15252,702
Debt (a)79,428125,806
Equity (a)320,133320,832
Private equity (b)23,27349,105
Total funds468,986548,445
Investments, at fair value534,327607,094
Equity method investments6,30718,752
Total investments$540,634$625,846

Item 1. Financial Statements (Unaudited)

FAQ

What is Lazard's investments, at fair value?
Lazard (LAZ) reported investments, at fair value of $534.33M in Q2 2026.
How has Lazard's investments, at fair value changed year-over-year?
Lazard's investments, at fair value decreased by 13.7% year-over-year, from $618.99M to $534.33M.
What is the long-term trend for Lazard's investments, at fair value?
Over 5 years (2020 to 2025), Lazard's investments, at fair value has grown at a -1.6% compound annual growth rate (CAGR), from $658.53M to $607.09M.
What does investments, at fair value mean?
Represents the fair value of non-equity investment holdings held by the firm, excluding standard equity securities. This metric captures the firm's exposure to diverse asset classes and proprietary investment strategies that are not classified as core equity holdings. It provides insight into the firm's capital allocation strategy and the diversification of its balance sheet assets.

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