Lazard, Inc. financial data

Symbol
LAZ on NYSE
Location
New York, NY
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 23 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 482% % -37%
Return On Equity 29% % -39%
Return On Assets 5.2% % -13%
Operating Margin 10% % -16%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 111,728,757 shares -0.92%
Entity Public Float $4,497,454,911 USD 35%
Common Stock, Value, Issued $1,117,000 USD -0.98%
Weighted Average Number of Shares Outstanding, Basic 97,479,092 shares 4.7%
Weighted Average Number of Shares Outstanding, Diluted 106,338,079 shares 3.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $3,186,466,000 USD 1.5%
Costs and Expenses $2,771,249,000 USD 4%
Operating Income (Loss) $327,598,000 USD -15%
Income Tax Expense (Benefit) $76,578,000 USD -23%
Net Income (Loss) Attributable to Parent $236,831,000 USD -15%
Earnings Per Share, Basic 2.37 USD/shares -19%
Earnings Per Share, Diluted 2.17 USD/shares -19%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $1,469,416,000 USD 12%
Deferred Income Tax Assets, Net $459,087,000 USD -4.3%
Property, Plant and Equipment, Net $168,005,000 USD 4.7%
Operating Lease, Right-of-Use Asset $412,584,000 USD -5.1%
Goodwill $395,262,000 USD 0.43%
Assets $4,940,734,000 USD 3.1%
Deferred Income Tax Liabilities, Net $1,368,000 USD 26%
Liabilities $3,951,604,000 USD -1.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax $271,509,000 USD 17%
Retained Earnings (Accumulated Deficit) $1,488,107,000 USD 1.1%
Stockholders' Equity Attributable to Parent $873,655,000 USD 37%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $910,751,000 USD 33%
Liabilities and Equity $4,940,734,000 USD 3.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $217,526,000 USD -142%
Net Cash Provided by (Used in) Financing Activities $191,574,000 USD -295%
Net Cash Provided by (Used in) Investing Activities $22,693,000 USD -243%
Common Stock, Shares Authorized 500,000,000 shares 0%
Common Stock, Shares, Issued 111,728,757 shares -0.92%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $401,586,000 USD -1875%
Deferred Tax Assets, Valuation Allowance $112,627,000 USD 26%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross $690,101,000 USD 2%
Operating Lease, Liability $485,149,000 USD -4%
Payments to Acquire Property, Plant, and Equipment $13,824,000 USD 109%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $292,064,000 USD 20%
Lessee, Operating Lease, Liability, to be Paid $578,437,000 USD -7.2%
Property, Plant and Equipment, Gross $454,240,000 USD -7.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two $80,115,000 USD 13%
Lessee, Operating Lease, Liability, to be Paid, Year One $80,666,000 USD 4.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.043 pure 0%
Deferred Income Tax Expense (Benefit) $26,088,000 USD -103%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $93,288,000 USD -21%
Lessee, Operating Lease, Liability, to be Paid, Year Three $76,420,000 USD 6.8%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 15,000,000 shares 0%
Unrecognized Tax Benefits $64,685,000 USD -5.7%
Lessee, Operating Lease, Liability, to be Paid, Year Four $71,919,000 USD -0.08%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization $8,443,000 USD -7.6%
Deferred Tax Assets, Net of Valuation Allowance $577,474,000 USD -1.7%
Share-based Payment Arrangement, Expense $359,687,000 USD 30%
Interest Expense $82,364,000 USD 5.8%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%