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Lazard (LAZ)

NYSE Financials Diversified Capital Markets S&P SmallCap 600
$38.31
-0.22 (-0.57%)
Close of Nov 06, 2026 · end-of-day data
Source: Lazard's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.38B$2.70B$2.88B$2.67B$2.65B$3.27B$2.86B$2.59B$3.14B$3.19B
Operating income$517.46M$825.45M$680.77M$392.70M$502.14M$723.85M$516.85M-$79.96M$386.47M$327.60M
Interest expense$50.29M$53.52M$58.48M$80.19M$80.63M$80.77M$81.52M$77.67M$88.07M$87.28M
Pre-tax income———————-$79.96M$386.47M$327.60M
Income tax$123.77M$565.60M$148.32M$94.98M$99.45M$181.30M$124.36M-$22.65M$99.76M$76.58M
Net income$387.70M$253.58M$527.12M$286.50M$402.46M$528.06M$357.52M-$75.48M$279.91M$236.83M
EBITDA$550.73M$856.94M$714.87M$428.27M$537.24M$762.16M$559.18M-$37.10M$422.75M$361.79M
EPS (basic)$3.11$2.09$4.43$2.57$3.69$4.90$3.68$-0.90$2.93$2.37
EPS (diluted)$2.92$1.91$4.06$2.44$3.54$4.63$3.51$-0.90$2.68$2.17
Diluted shares132.63M132.48M129.77M116.08M113.48M113.67M101.00M88.99M102.39M106.34M
Operating margin21.7%30.6%23.6%14.7%19.0%22.1%18.1%-3.1%12.3%10.3%
Net margin16.3%9.4%18.3%10.7%15.2%16.1%12.5%-2.9%8.9%7.4%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.16B$1.48B$1.25B$1.23B$1.39B$1.47B$1.23B$971.32M$1.31B$1.47B
Goodwill$373.12M$385.29M$371.56M$371.77M$383.86M$379.42M$377.24M$394.90M$393.57M$395.26M
Total assets$4.56B$4.93B$5.00B$5.64B$5.97B$7.15B$5.85B$4.64B$4.79B$4.94B
Long-term debt$1.19B$1.19B$1.43B$1.68B$1.68B$1.69B$1.69B$1.69B$1.69B$1.69B
Total debt$1.19B$1.19B$1.43B$1.68B$1.68B$1.69B$1.69B$1.69B$1.69B$1.69B
Total liabilities$3.26B$3.67B$4.03B$4.96B$4.97B$5.49B$4.59B$4.07B$4.03B$3.95B
Shareholders' equity$1.24B$1.20B$916.85M$609.99M$911.77M$975.22M$556.46M$423.76M$636.24M$869.19M

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$632.60M$1.03B$699.04M$677.95M$575.93M$866.08M$833.98M$164.66M$742.83M$519.33M
Capital expenditures$38.75M$27.67M$49.59M$42.76M$64.29M$39.70M$49.51M$28.30M$45.50M$31.95M
Free cash flow$593.85M$1.00B$649.45M$635.20M$511.64M$826.38M$784.47M$136.37M$697.33M$487.38M
Investing cash flow-$37.65M-$26.92M-$46.21M-$42.25M-$62.94M-$39.06M-$56.44M-$38.32M$134.07M-$81.98M
Financing cash flow-$479.75M-$318.51M-$726.10M-$444.05M-$547.35M$195.84M-$1.38B-$1.57B-$439.67M-$463.64M
Dividends paid$336.14M$341.45M$359.64M$254.92M$196.60M$195.94M$181.88M$173.07M$179.02M$186.58M
Share buybacks$300.22M$306.74M$552.87M$494.69M$95.23M$406.15M$691.71M$102.05M$59.50M$91.01M
Stock-based compensation$261.46M$272.96M$267.57M$253.28M$218.45M$233.96M$240.64M$250.57M$277.74M$359.69M
Depreciation & amortization$33.26M$31.50M$34.10M$35.57M$35.09M$38.31M$42.34M$42.85M$36.28M$34.19M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.