LAZ (Lazard) Other Operating Expense: $234 Mil (TTM As of Jun. 2026)

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LAZ Lazard Inc LAZ
81 GF Score
Price $43.75
GF Value $46.67
Valuation Fairly Valued
! 3 Warning Signs
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What is Lazard Other Operating Expense?

Lazard LAZ +0.02% 81 Other Operating Expense is $234 Mil as of Jun. 2026. GuruFocus rates LAZ with a GF Score™ of 81/100 and a GF Value™ of $46.67 (Fairly Valued). The stock has 3 warning signs investors should review.

Lazard's Other Operating Expense for the three months ended in Jun. 2026 was $69 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was $234 Mil.

Lazard's quarterly Other Operating Expense increased from Dec. 2025 ($61 Mil) to Mar. 2026 ($61 Mil) and increased from Mar. 2026 ($61 Mil) to Jun. 2026 ($69 Mil).

Lazard's annual Other Operating Expense increased from Dec. 2023 ($219 Mil) to Dec. 2024 ($235 Mil) but then declined from Dec. 2024 ($235 Mil) to Dec. 2025 ($225 Mil).

Lazard Other Operating Expense Historical Data

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The historical data trend for Lazard's Other Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lazard Other Operating Expense Chart

Lazard Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 194.34 215.41 218.78 235.49 224.63

Lazard Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.77 43.60 60.63 60.84 68.51
LAZ
81GF Score
Lazard Inc LAZ
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Lazard Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $234 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Other Operating Expense of $234 Mil mean?
Lazard (LAZ) has a Other Operating Expense of $234 Mil as of Jun. 2026. Other operating expenses that a company records on its income statement. View historical data on Lazard and its competitors.
Is Lazard's Other Operating Expense too high?
Lazard's current Other Operating Expense is $234 Mil. Overall, Lazard has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lazard's Other Operating Expense compare to PJT and GLXY?
Lazard's Other Operating Expense of $234 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Capital Markets company?
A good Other Operating Expense depends on the Capital Markets industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Lazard and its competitors. Lazard's current Other Operating Expense is $234 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lazard stock overvalued right now?
Based on GuruFocus' analysis, Lazard (LAZ) is currently considered Fairly Valued. The stock's GF Value™ is $46.67, compared to a current price of $43.75 — trading 6.3% below its estimated fair value. The current Other Operating Expense is $234 Mil. Lazard's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Lazard (LAZ), the current Other Operating Expense is $234 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lazard (LAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Lazard stock appears to be undervalued. The current stock price of $43.75 is trading 6.3% below its estimated GF Value™ of $46.67. GuruFocus considers Lazard to be Fairly Valued.

Key valuation signals for LAZ:

  • Other Operating Expense: $234 Mil
  • GF Value™: $46.67 vs. price of $43.75 (6.3% below fair value)
  • GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the LAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lazard Business Description

Other Exchanges 0UB6:UK69Q:Germany
Address 30 Rockefeller Plaza, New York, NY, USA, 10112
Lazard Inc is a financial advisory and asset management firm with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Geographically, the company earns key revenue in the Americas, EMEA then Asia-Pacific.
81GF Score

Get the complete analysis for LAZ

Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.75
Price
$46.67
GF Value