Lazard (LAZ) Cash from Operations (2010 - 2026)
Lazard's (LAZ) quarterly Cash from Operations came in at $203.4 million in Q2 2026, up 309.42% year-over-year from $49.7 million in Q2 2025, and up 192.76% quarter-over-quarter from -$219.3 million in Q1 2026.
Analysis
Lazard (LAZ) Cash from Operations (2010 - 2026) Analysis & Trends
Lazard has disclosed Cash from Operations across 15 years of filings, most recently posting $203.4 million for Q2 2026.
- In Q2 2026, Cash from Operations rose 309.42% year-over-year to $203.4 million; the TTM figure through Jun 2026 stood at $671.3 million (up 37.36% YoY), while the FY2025 annual figure was $519.3 million, down 30.09% from the prior year.
- Cash from Operations came in at $203.4 million for Q2 2026 at Lazard, up from -$219.3 million in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of $434.6 million in Q3 2022 to a low of -$411.4 million in Q1 2023.
- Average Cash from Operations over 5 years is $124.7 million, with a median of $202.2 million recorded in 2023.
- Year-over-year, Cash from Operations jumped 777.09% in 2024 and sank 141.73% in 2025.
- Over 5 years, Cash from Operations stood at $314.3 million in 2022, then grew by 8.68% to $341.6 million in 2023, then increased by 6.22% to $362.9 million in 2024, then gained by 10.15% to $399.7 million in 2025, then plunged by 49.11% to $203.4 million in 2026.
- Per Business Quant data, the three most recent Cash from Operations figures were $203.4 million in Q2 2026, -$219.3 million in Q1 2026, and $399.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 525.52 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 1.60 Bn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 236.96 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 229.53 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 36.25 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 203.40 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 22.00 Mn |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 48.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 203.40 Mn |
| Mar 31, 2026 | -219.27 Mn |
| Dec 31, 2025 | 399.70 Mn |
| Sep 30, 2025 | 287.47 Mn |
| Jun 30, 2025 | 49.68 Mn |
| Mar 31, 2025 | -217.53 Mn |
| Dec 31, 2024 | 362.85 Mn |
| Sep 30, 2024 | 293.72 Mn |
| Jun 30, 2024 | 176.24 Mn |
| Mar 31, 2024 | -89.99 Mn |
| Dec 31, 2023 | 341.60 Mn |
| Sep 30, 2023 | 33.49 Mn |
| Jun 30, 2023 | 201.00 Mn |
| Mar 31, 2023 | -411.42 Mn |
| Dec 31, 2022 | 314.32 Mn |
| Sep 30, 2022 | 434.56 Mn |
| Jun 30, 2022 | 298.63 Mn |
| Mar 31, 2022 | -213.53 Mn |
| Dec 31, 2021 | 452.86 Mn |
| Sep 30, 2021 | 398.15 Mn |