Lazard (LAZ) Rent Expense (2009 - 2026)
Lazard's (LAZ) quarterly Rent Expense came in at $33.8 million in Q2 2026, little changed year-over-year from $33.7 million in Q2 2025, and up 7.6% quarter-over-quarter from $31.4 million in Q1 2026.
Analysis
Lazard (LAZ) Rent Expense (2009 - 2026) Analysis & Trends
Lazard has disclosed Rent Expense across 18 years of filings, most recently posting $33.8 million for Q2 2026.
- In Q2 2026, Rent Expense changed 0.31% year-over-year to $33.8 million; the TTM figure through Jun 2026 stood at $128.7 million (down 6.16% YoY), while the FY2025 annual figure was $132.6 million, changed 0.25% from the prior year.
- Rent Expense came in at $33.8 million for Q2 2026 at Lazard, up from $31.4 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $35.4 million in Q1 2025 to a low of $29.4 million in Q2 2022.
- Average Rent Expense over 5 years is $32.5 million, with a median of $32.4 million recorded in 2023.
- Year-over-year, Rent Expense advanced 11.53% in 2023 and fell 11.28% in 2026.
- Over 5 years, Rent Expense stood at $30.9 million in 2022, then increased by 8.18% to $33.4 million in 2023, then advanced by 1.08% to $33.8 million in 2024, then fell by 6.57% to $31.6 million in 2025, then rose by 7.06% to $33.8 million in 2026.
- Per Business Quant data, the three most recent Rent Expense figures were $33.8 million in Q2 2026, $31.4 million in Q1 2026, and $31.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 29.73 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 34.50 Mn |
| 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 | 15.85 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 10.47 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 16.78 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 33.81 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | - |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 5.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.81 Mn |
| Mar 31, 2026 | 31.42 Mn |
| Dec 31, 2025 | 31.58 Mn |
| Sep 30, 2025 | 31.91 Mn |
| Jun 30, 2025 | 33.70 Mn |
| Mar 31, 2025 | 35.41 Mn |
| Dec 31, 2024 | 33.80 Mn |
| Sep 30, 2024 | 34.25 Mn |
| Jun 30, 2024 | 32.03 Mn |
| Mar 31, 2024 | 32.86 Mn |
| Dec 31, 2023 | 33.44 Mn |
| Sep 30, 2023 | 33.11 Mn |
| Jun 30, 2023 | 32.80 Mn |
| Mar 31, 2023 | 31.77 Mn |
| Dec 31, 2022 | 30.91 Mn |
| Sep 30, 2022 | 30.70 Mn |
| Jun 30, 2022 | 29.41 Mn |
| Mar 31, 2022 | 31.24 Mn |
| Dec 31, 2021 | 32.40 Mn |
| Sep 30, 2021 | 31.02 Mn |