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Lazard LAZ Reversal of interest and penalties

Reversal of interest and penalties at other companies

Blackstone logo
BlackstoneBX
$33.9M+16.5%
Evolution Metals & Technologies Corp.
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Evolution Metals & Technologies Corp. EMAT
$3.38K
Evolution Metals & Technologies Corp.
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Evolution Metals & Technologies Corp. EMAT
$3.38K
Arthur J. Gallagher logo
Arthur J. GallagherAJG
$4M
ON Semiconductor logo
ON SemiconductorON
-$2.7M-120%
RBC Bearings logo
RBC BearingsRBC
$75K

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:UnrecognizedTaxBenefitsReversalOfInterestAndPenalties.

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 reversal of interest and penalties?
Lazard (LAZ) reported reversal of interest and penalties of $7.39M in Q4 2025.
How has Lazard's reversal of interest and penalties changed year-over-year?
Lazard's reversal of interest and penalties increased by 31.1% year-over-year, from $5.64M to $7.39M.
What is the long-term trend for Lazard's reversal of interest and penalties?
Over 5 years (2020 to 2025), Lazard's reversal of interest and penalties has grown at a 14.5% compound annual growth rate (CAGR), from $3.76M to $7.39M.
What does reversal of interest and penalties mean?
This represents the reduction in accrued interest and penalties previously associated with uncertain tax positions. A reversal typically occurs when the statute of limitations expires or a tax audit is resolved in the company's favor. It serves as an indicator of the resolution of tax-related contingencies and potential earnings tailwinds.