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Lazard LAZ Total costs & expenses

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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:CostsAndExpenses.

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 total costs & expenses?
Lazard (LAZ) reported total costs & expenses of $667.01M in Q1 2026.
How has Lazard's total costs & expenses changed year-over-year?
Lazard's total costs & expenses increased by 12.4% year-over-year, from $593.42M to $667.01M.
What is the long-term trend for Lazard's total costs & expenses?
Over 4 years (2021 to 2025), Lazard's total costs & expenses has grown at a 2.9% compound annual growth rate (CAGR), from $2.47B to $2.77B.
What does total costs & expenses mean?
This metric represents the sum of all operating and non-operating costs incurred by the firm to generate its total revenue, including compensation, occupancy, technology, and administrative expenses. It serves as the primary measure of the firm's overall cost structure and operational discipline. Analyzing this figure relative to revenue is critical for evaluating the company's operating margin and long-term profitability.