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Lazard LAZ Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
$240M-27.1%
Morgan Stanley logo
Morgan StanleyMS
$1.52B+16.3%
Evercore logo
EvercoreEVR
$126K-66.8%
PJT Partners logo
PJT PartnersPJT
$0
Blackrock logo
BlackrockBLK
$511M-1.2%
Piper Sandler logo
Piper SandlerPIPR
$2.2M+14.8%

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:UnrecognizedTaxBenefits.

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 unrecognized tax benefits?
Lazard (LAZ) reported unrecognized tax benefits of $64.69M in Q4 2025.
How has Lazard's unrecognized tax benefits changed year-over-year?
Lazard's unrecognized tax benefits decreased by 5.7% year-over-year, from $68.63M to $64.69M.
What is the long-term trend for Lazard's unrecognized tax benefits?
Over 5 years (2020 to 2025), Lazard's unrecognized tax benefits has grown at a 23.3% compound annual growth rate (CAGR), from $22.7M to $64.69M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.