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Friday 6 November 2026
Export LAZ’s income statement to Excel — free account
Lazard, Inc.
Lazard, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 1.54% from fiscal 2024.
- Revenue
- +8.84%
- EPS
- −62.0%
- Free cash flow
- +9.21%
- Total debt
- +0.18%
Quarter to September 2026, against a year earlier
38.89
1.77
−4.35%
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Lazard, Inc. (LAZ) Operating margin
Lazard, Inc.'s operating margin over the twelve months to 30 September 2026 was 8.12%, down 2.4 percentage points from fiscal 2025 (10.6%). Over the past ten years it has ranged from −3.18% (fiscal 2023) to 31.2% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 10.6% | (2.09) |
| FY2024 | 12.7% | 15.84 |
| FY2023 | −3.18% | (21.81) |
| FY2022 | 18.6% | (4.04) |
| FY2021 | 22.7% | 3.10 |
| FY2020 | 19.6% | 4.39 |
| FY2019 | 15.2% | (8.91) |
| FY2018 | 24.1% | (7.13) |
| FY2017 | 31.2% | 9.04 |
| FY2016 | 22.2% | 22.89 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 6.72% | 2.06 |
| Jun 2026 | 4.66% | (7.18) |
| Mar 2026 | 11.8% | 2.47 |
| Dec 2025 | 9.37% | (3.32) |
| 43 more quarters | Free account |
Against its own ten years
Low −3.18%
High 31.2%
Ten-year median
18.6%
Current reading's percentile
16
Operating margin against peers
| Company | Operating margin |
|---|---|
| MRX Marex Group PLC compare | 36.4% |
| FIGR Figure Technology Solutions, Inc. compare | 28.4% |
| PIPR Piper Sandler Companies compare | 22.8% |
| PJT PJT Partners Inc. compare | 20.5% |
| MC Moelis & Company compare | 18.4% |
| MIAX Miami International Holdings, Inc. compare | 10.9% |
| BGC BGC Group, Inc. compare | 10.7% |
| LAZ Lazard, Inc. | 8.12% |
| GLXY Galaxy Digital Inc. compare | −0.53% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on LAZ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement