Lazard annual net debt
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2025
Lazard Net Debt Growth & History (LAZ)
Lazard's net debt was $703.8M for fiscal 2025.
View full Lazard company overviewLazard annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $703.8M | −$180.5M | −20.41% |
| 2024 | 2024-12-31 | $884.3M | −$319.8M | −26.56% |
| 2023 | 2023-12-31 | $1.20B | $237.4M | +24.56% |
| 2022 | 2022-12-31 | $966.6M | $193.9M | +25.09% |
| 2021 | 2021-12-31 | $772.7M | −$127.1M | −14.13% |
| 2020 · Dec 31 | 2020-12-31 | $899.8M | −$192.5M | −17.62% |
| 2019 | 2019-12-31 | $1.09B | $904.6M | +481.88% |
| 2018 | 2018-12-31 | $187.7M | $481.2M | — |
| 2017 | 2017-12-31 | −$293.5M | −$330.5M | — |
| 2016 | 2016-12-31 | $37.0M | $170.7M | — |
| 2015 | 2015-12-31 | −$133.7M | $920.9M | — |
| 2014 | 2014-12-31 | −$1.05B | −$228.9M | — |
| 2013 | 2013-12-31 | −$825.6M | $6.7M | — |
| 2012 | 2012-12-31 | −$832.3M | $151.4M | — |
| 2011 | 2011-12-31 | −$983.7M | $203.1M | — |
| 2010 | 2010-12-31 | −$1.19B | −$294.1M | — |
| 2009 | 2009-12-31 | −$892.7M | — | — |
Lazard quarterly net debt
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Q1.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $1.14B | −$142.4M | −11.10% |
| Q4 2025 | 2025-12-31 | $703.8M | −$180.5M | −20.41% |
| Q3 2025 | 2025-09-30 | $1.03B | −$182.6M | −15.11% |
| Q2 2025 | 2025-06-30 | $1.23B | −$298.9M | −19.57% |
| Q1 2025 | 2025-03-31 | $1.28B | −$112.4M | −8.06% |
| Q4 2024 | 2024-12-31 | $884.3M | −$319.8M | −26.56% |
| Q3 2024 | 2024-09-30 | $1.21B | −$319.6M | −20.91% |
| Q2 2024 | 2024-06-30 | $1.53B | $29.1M | +1.94% |
| Q1 2024 | 2024-03-31 | $1.40B | −$205.9M | −12.86% |
| Q4 2023 | 2023-12-31 | $1.20B | $237.4M | +24.56% |
| Q3 2023 | 2023-09-30 | $1.53B | $339.1M | +28.51% |
| Q2 2023 | 2023-06-30 | $1.50B | $199.3M | +15.34% |
| Q1 2023 | 2023-03-31 | $1.60B | $256.9M | +19.11% |
| Q4 2022 | 2022-12-31 | $966.6M | $193.9M | +25.09% |
| Q3 2022 | 2022-09-30 | $1.19B | $134.5M | +12.75% |
| Q2 2022 | 2022-06-30 | $1.30B | $27.2M | +2.14% |
| Q1 2022 | 2022-03-31 | $1.34B | $53.7M | +4.16% |
| Q4 2021 | 2021-12-31 | $772.7M | −$127.1M | −14.13% |
| Q3 2021 | 2021-09-30 | $1.05B | −$126.9M | −10.74% |
| Q2 2021 | 2021-06-30 | $1.27B | −$130.6M | −9.31% |
| Q1 2021 | 2021-03-31 | $1.29B | −$219.8M | −14.55% |
| Q4 2020 · Dec 31 | 2020-12-31 | $899.8M | −$192.5M | −17.62% |
| Q3 2020 | 2020-09-30 | $1.18B | −$191.0M | −13.92% |
| Q2 2020 | 2020-06-30 | $1.40B | $88.1M | +6.71% |
| Q1 2020 | 2020-03-31 | $1.51B | $194.6M | +14.79% |
| Q4 2019 | 2019-12-31 | $1.09B | $904.6M | +481.88% |
| Q3 2019 | 2019-09-30 | $1.37B | $1.07B | +355.55% |
| Q2 2019 | 2019-06-30 | $1.31B | $968.1M | +279.72% |
| Q1 2019 | 2019-03-31 | $1.32B | $1.09B | +475.83% |
| Q4 2018 | 2018-12-31 | $187.7M | $481.2M | — |
| Q3 2018 | 2018-09-30 | $301.3M | $365.4M | — |
| Q2 2018 | 2018-06-30 | $346.1M | $112.3M | +48.01% |
| Q1 2018 | 2018-03-31 | $228.6M | −$76.0M | −24.94% |
| Q4 2017 | 2017-12-31 | −$293.5M | −$330.5M | — |
| Q3 2017 | 2017-09-30 | −$64.1M | −$208.7M | — |
| Q2 2017 | 2017-06-30 | $233.8M | −$118.2M | −33.57% |
| Q1 2017 | 2017-03-31 | $304.5M | $7.1M | +2.38% |
| Q4 2016 | 2016-12-31 | $37.0M | $170.7M | — |
| Q3 2016 | 2016-09-30 | $144.6M | $994.9M | — |
| Q2 2016 | 2016-06-30 | $352.0M | $1.04B | — |
| Q1 2016 | 2016-03-31 | $297.4M | $893.6M | — |
| Q4 2015 | 2015-12-31 | −$133.7M | $920.9M | — |
| Q3 2015 | 2015-09-30 | −$850.3M | −$42.6M | — |
| Q2 2015 | 2015-06-30 | −$691.1M | −$21.1M | — |
| Q1 2015 | 2015-03-31 | −$596.2M | $55.2M | — |
| Q4 2014 | 2014-12-31 | −$1.05B | −$228.9M | — |
| Q3 2014 | 2014-09-30 | −$807.7M | −$135.4M | — |
| Q2 2014 | 2014-06-30 | −$670.0M | −$84.6M | — |
| Q1 2014 | 2014-03-31 | −$651.3M | −$81.6M | — |
| Q4 2013 | 2013-12-31 | −$825.6M | $6.7M | — |
| Q3 2013 | 2013-09-30 | −$672.3M | $142.5M | — |
| Q2 2013 | 2013-06-30 | −$585.3M | — | — |
| Q1 2013 | 2013-03-31 | −$569.7M | — | — |
| Q4 2012 | 2012-12-31 | −$832.3M | $151.4M | — |
| Q3 2012 | 2012-09-30 | −$814.8M | $153.5M | — |
| Q4 2011 | 2011-12-31 | −$983.7M | $203.1M | — |
| Q3 2011 | 2011-09-30 | −$968.3M | −$142.6M | — |
| Q2 2011 | 2011-06-30 | −$960.9M | −$183.6M | — |
| Q1 2011 | 2011-03-31 | −$992.5M | — | — |
| Q4 2010 | 2010-12-31 | −$1.19B | −$294.1M | — |
| Q3 2010 | 2010-09-30 | −$825.7M | — | — |
| Q2 2010 | 2010-06-30 | −$777.3M | — | — |
| Q4 2009 | 2009-12-31 | −$892.7M | — | — |
Lazard net debt trends
Over the last five fiscal years, Lazard's net debt decreased from $899.8M to $703.8M, a change of −$196.0M. The latest reported quarter, Q1 2026, shows $1.14B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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