Lazard (LAZ) EBITDA (2010 - 2026)
Lazard's EBITDA was $187.45 million in Q3 2026, down 16.7% from $224.92 million a year earlier and down 5.7% from the prior quarter.
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Analysis
Lazard (LAZ) EBITDA (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Lazard's EBITDA was $806 million through Sep 30, 2026, down 1.1% year-over-year; for FY2025, it came in at $821.61 million, down 5.7% from FY2024.
- EBITDA shows a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- In earlier years, EBITDA was $871.24 million in FY2024 (+121.8%), $392.75 million in FY2023 (-59.3%), $965.55 million in FY2022 (-16.5%) and $1.16 billion in FY2021 (+30.5%).
- The Q3 2026 figure marks the lowest quarterly EBITDA since Q1 2025.
- Compared with a year earlier, EBITDA was higher in four of the last eight quarters, with growth averaging 0.6%.
- The best year-over-year quarter for EBITDA over five years was Q2 2024 (growth of 396.7%); the worst was Q2 2023 (a decline of 83.7%).
- Per Business Quant data, LAZ's EBITDA in the three quarters before Q3 2026 was $198.73 million (Q2 2026), $225.47 million (Q1 2026) and $194.36 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 1.22 Bn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | 6.85 Bn |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 1.81 Bn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | 860.00 Mn |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 897.00 Mn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | 3.67 Bn |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 562.00 Mn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | 2.79 Bn |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | 2.40 Bn |
| 10 | Lazard | 3.87 Bn | -984.36 Mn | - | 187.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 187.45 Mn |
| Jun 30, 2026 | 198.73 Mn |
| Mar 31, 2026 | 225.47 Mn |
| Dec 31, 2025 | 194.36 Mn |
| Sep 30, 2025 | 224.92 Mn |
| Jun 30, 2025 | 235.08 Mn |
| Mar 31, 2025 | 167.24 Mn |
| Dec 31, 2024 | 187.31 Mn |
| Sep 30, 2024 | 289.07 Mn |
| Jun 30, 2024 | 209.68 Mn |
| Mar 31, 2024 | 185.17 Mn |
| Dec 31, 2023 | 158.73 Mn |
| Sep 30, 2023 | 109.33 Mn |
| Jun 30, 2023 | 42.22 Mn |
| Mar 31, 2023 | 82.47 Mn |
| Dec 31, 2022 | 156.80 Mn |
| Sep 30, 2022 | 289.57 Mn |
| Jun 30, 2022 | 258.55 Mn |
| Mar 31, 2022 | 260.63 Mn |
| Dec 31, 2021 | 346.82 Mn |
API Access
Lazard EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=LAZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "LAZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=LAZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();