Lazard Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,637	1,577	1,191	2,014	2,813
Cash & Short-Term Investments	1,637	1,577	1,191	2,014	2,813
Cash Growth	3.78%	32.41%	-40.87%	-28.39%	11.42%
Restricted Cash and Segregated Assets	34.02	32.47	34.09	625.38	617.45
Accounts Receivable	897.79	753.62	762.32	652.76	805.81
Total Current Assets	2,568	2,363	1,987	3,292	4,236
Net Property, Plant & Equipment	580.59	595.34	639.73	681.68	716.06
Goodwill	395.26	393.58	394.93	377.33	379.57
Long-Term Investments	625.85	614.95	701.96	698.98	1,007
Other Long-Term Assets	770.68	827.14	911.86	802.42	808.39
Total Assets	4,941	4,794	4,636	5,853	7,147
Accounts Payable	330.85	308.21	443.26	921.83	1,443
Accrued Expenses	794.75	844.95	781.38	735.58	972.3
Total Current Liabilities	1,126	1,153	1,225	1,657	2,415
Long-Term Debt	1,688	1,687	1,690	1,688	1,685
Long-Term Leases	485.15	505.48	485.19	513.69	552.52
Other Long-Term Liabilities	652.48	683.79	665.89	734.88	841.46
Total Long-Term Liabilities	2,826	2,876	2,841	2,936	3,079
Total Liabilities	3,952	4,029	4,066	4,594	5,494
Common Stock	1.12	1.13	1.13	1.13	1.13
Treasury Stock	-684.41	-838.07	-937.26	-993.41	-507.43
Additional Paid-in Capital	340.35	327.81	247.2	167.89	144.73
Accumulated Other Comprehensive Income	-271.51	-326.74	-289.95	-295.85	-223.85
Retained Earnings	1,488	1,472	1,403	1,677	1,561
Total Common Shareholders' Equity	873.66	636.24	423.76	556.46	975.22
Minority Interest	115.48	128.54	146.1	702.41	677.74
Shareholders' Equity	989.13	764.78	569.86	1,259	1,653
Total Liabilities & Equity	4,941	4,794	4,636	5,853	7,147
Total Debt	2,173	2,193	2,175	2,201	2,238
Net Cash (Debt)	-536.69	-615.63	-984.5	-187.38	574.82
Net Cash Growth	-	-	-	-	144.98%
Net Cash Per Share	-5.05	-6.01	-11.06	-1.85	5.06
Book Value	873.66	636.24	423.76	556.46	975.22
Book Value Per Share	8.22	6.21	4.76	5.51	8.58
Tangible Book Value	478.39	242.67	28.83	179.13	595.65
Tangible Book Value Per Share	4.50	2.37	0.32	1.77	5.24

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.