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Lazard (LAZ) free cash flow by quarter

Lazard's free cash flow was $311M in Q3 2026 (third quarter 2026), +56% from Q2 2026. Over the last 5 quarters it ranged from $38.0M (Q2 2025) to $396M (Q4 2025).

Lazard free cash flow by quarterLazard free cash flow by quarter$38.0MQ2 2025$285MQ3 2025$396MQ4 2025$199MQ2 2026$311MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$311M+56%+9%
Q2 2026$199M-50%+425%
Q4 2025$396M+39%—
Q3 2025$285M+649%—
Q2 2025$38.0M——

Q3 2026 at a glance

Lazard, Q3 2026: revenue $836M (+8% year over year), operating margin 6.5%, net earnings $29.2M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.

Questions

What is Lazard's free cash flow?

Lazard's free cash flow was $311M in Q3 2026 (third quarter 2026), +56% from Q2 2026.

How has Lazard's free cash flow changed?

Over the last 5 quarters it ranged from $38.0M (Q2 2025) to $396M (Q4 2025).

Q3 2026 results → · How Lazard makes money →