Lazard, Inc.
Lazard, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 1.54% from fiscal 2024. In the quarter to June 2026, revenue grew 1.47%, EPS fell 94.6%, free cash flow grew 434.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Lazard, Inc. (LAZ) P/E ratio
As of 16 October 2026, Lazard, Inc. (LAZ) trades at a P/E ratio of 16.3×. Over the past ten years it has ranged from 0.0× (June 2024) to 30.6× (September 2024); the current reading is higher than 75% of that period. That is above the Capital Markets industry median of 14.2× and above the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 20.5× | 16.62% |
| FY2024 | 17.6× | — |
| FY2023 | 0.0× | — |
| FY2022 | 9.6× | 8.76% |
| FY2021 | 8.9× | (22.64%) |
| FY2020 | 11.5× | (26.56%) |
| FY2019 | 15.6× | 86.92% |
| FY2018 | 8.4× | (67.30%) |
| FY2017 | 25.5× | 90.71% |
| FY2016 | 13.4× | 132.92% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 19.0× | 22.41% |
| Mar 2026 | 15.5× | (24.33%) |
| Dec 2025 | 20.5× | 7.53% |
| Sep 2025 | 19.1× | 26.68% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MARA Marathon Digital Holdings, Inc. compare | n/m |
| PURR Hyperliquid Strategies Inc compare | n/m |
| CLSK Cleanspark, Inc. compare | n/m |
| PIPR Piper Sandler Companies compare | 14.2× |
| LAZ Lazard, Inc. | 16.3× |
| MRX Marex Group PLC compare | 16.7× |
| PJT PJT Partners Inc. compare | 17.9× |
| MC Moelis & Company compare | 18.0× |
| MIAX Miami International Holdings, Inc. compare | 26.0× |
| Capital Markets industry median | 14.2× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)