Lazard Quarterly Cash Flow Statement
NYSE: LAZFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lazard free cash flow
In the quarter ended Mar 31, 2026, Lazard generated -$219.3 million of operating cash flow and spent $2.2 million on capital expenditures. That left free cash flow of -$221.5 million, a free-cash-flow margin of -28.4% of revenue. Lazard returned $48.6 million to shareholders: $47.0 million in dividends and $1.7 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Lazard cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 100.56M | 54.21M | 73.50M | 61.32M | 61.99M | 78.30M | 116.14M | 52.05M | 40.22M | 71.49M | 6.77M | -120.38M |
| Net Income growth (YoY) | +62.23% | -30.76% | -36.71% | +17.80% | +54.11% | +9.51% | +1614.42% | — | — | +25.29% | -94.48% | -231.34% |
| Depreciation & Amortization | 7.82M | 8.64M | 8.48M | 8.63M | 8.44M | 9.00M | 8.96M | 9.19M | 9.13M | 10.68M | 10.52M | 10.52M |
| Stock-Based Compensation | 103.90M | 79.44M | 96.12M | 106.96M | 77.17M | 42.61M | 75.58M | 89.35M | 70.20M | 40.94M | 58.36M | 80.73M |
| Change in Working Capital | 109.14M | -104.70M | -17.67M | -52.28M | 107.67M | -67.36M | 67.04M | 12.93M | -81.54M | -141.49M | 16.44M | 28.27M |
| Operating Cash Flow | -219.27M | 399.70M | 287.47M | 49.68M | -217.53M | 362.85M | 293.72M | 176.24M | -89.99M | 341.60M | 33.49M | 201.00M |
| Capital Expenditures | -2.19M | -3.58M | -2.86M | -11.69M | -13.82M | -14.87M | -17.56M | -6.44M | -6.62M | -8.79M | -7.51M | -7.38M |
| Investing Cash Flow | -47.51M | -18.03M | -14.94M | -26.32M | -22.69M | 34.26M | 209.30M | -102.88M | -6.61M | -8.65M | -7.26M | -7.28M |
| Dividends Paid | -46.95M | -47.38M | -47.18M | -47.07M | -44.95M | -45.19M | -45.09M | -45.02M | -43.72M | -43.71M | -43.44M | -43.40M |
| Share Repurchases | -1.69M | -50.00M | -1.08M | -3.76M | -36.16M | -15.57M | -3.11M | -18.81M | -22.00M | 0 | -2.95M | -172.00K |
| Debt Issued | — | 0 | 300.00M | 0 | 0 | -49.00K | 0 | 10.00K | 396.00M | 0 | 0 | 0 |
| Debt Repaid | — | 0 | -298.35M | 0 | 0 | -166.08M | 0 | 0 | -233.07M | 0 | 0 | 0 |
| Financing Cash Flow | -153.39M | -134.68M | -97.41M | -39.97M | -191.57M | -233.87M | -111.67M | -192.61M | 98.49M | -150.27M | -176.73M | -171.77M |
| Net Change in Cash | -436.11M | 247.53M | 174.74M | 40.53M | -401.59M | 95.63M | 429.29M | -120.20M | -20.33M | 218.21M | -173.13M | 23.75M |
| Free Cash Flow | -221.45M | 396.12M | 284.62M | 37.99M | -231.35M | 347.98M | 276.15M | 169.80M | -96.61M | 332.80M | 25.97M | 193.62M |
This table shows 12 quarterly periods of Lazard's cash flow statement, from Q1 2026 back to Q2 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow LAZ's reporting calendar. What is a cash flow statement?