What is Lazard's retained earnings?

Lazard (LAZ) reported retained earnings of $1.56B in Q1 2026.

How has Lazard's retained earnings changed year-over-year?

Lazard's retained earnings increased by 5.5% year-over-year, from $1.48B to $1.56B.

What is the long-term trend for Lazard's retained earnings?

Over 5 years (2020 to 2025), Lazard's retained earnings has grown at a 3.2% compound annual growth rate (CAGR), from $1.3B to $1.52B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Lazard LAZ Retained Earnings

Retained Earnings at other companies

Jefferies Financial GroupJEF

$8.65B+4.0%

Goldman Sachs GroupGS

$169.32B+7.8%

Morgan StanleyMS

$118.91B+10.5%

Houlihan LokeyHLI

$1.65B+18.0%

EvercoreEVR

$2.85B+26.8%

Moelis & CompanyMC

-$817.29M+1.0%

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 us-gaap:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Lazard (LAZ) reported retained earnings of $1.56B in Q1 2026.
How has Lazard's retained earnings changed year-over-year?: Lazard's retained earnings increased by 5.5% year-over-year, from $1.48B to $1.56B.
What is the long-term trend for Lazard's retained earnings?: Over 5 years (2020 to 2025), Lazard's retained earnings has grown at a 3.2% compound annual growth rate (CAGR), from $1.3B to $1.52B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.