Lazard (LAZ) EBITDA (2009 - 2026)
Lazard's (LAZ) quarterly EBITDA came in at $37.6 million in Q2 2026, down 59.6% year-over-year from $93.1 million in Q2 2025, and down 58.02% quarter-over-quarter from $89.6 million in Q1 2026.
Analysis
Lazard (LAZ) EBITDA (2009 - 2026) Analysis & Trends
Lazard has disclosed EBITDA across 18 years of filings, most recently posting $37.6 million for Q2 2026.
- In Q2 2026, EBITDA fell 59.6% year-over-year to $37.6 million; the TTM figure through Jun 2026 stood at $307.1 million (down 26.19% YoY), while the FY2025 annual figure was $327.6 million, down 15.23% from the prior year.
- EBITDA came in at $37.6 million for Q2 2026 at Lazard, down from $89.6 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $161.2 million in Q3 2024 to a low of -$110.1 million in Q2 2023.
- Average EBITDA over 5 years is $71.0 million, with a median of $79.0 million recorded in 2022.
- Year-over-year, EBITDA tumbled 187.47% in 2023 and surged 3418.65% in 2024.
- Over 5 years, EBITDA stood at $73.1 million in 2022, then declined by 1.7% to $71.9 million in 2023, then jumped by 48.94% to $107.1 million in 2024, then decreased by 20.67% to $85.0 million in 2025, then tumbled by 55.74% to $37.6 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $37.6 million in Q2 2026, $89.6 million in Q1 2026, and $85.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 11.52 Bn | 9.43 Bn | 975.67 Mn | 132.05 Mn |
| 2 | Jefferies Financial | 11.24 Bn | -4.17 Bn | 3.09 Bn | 1.20 Bn |
| 3 | Houlihan Lokey | 9.53 Bn | 8.45 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | -8,222.00 |
| 5 | PJT Partners | 6.94 Bn | 6.99 Bn | 481.98 Mn | 100.88 Mn |
| 6 | Moelis | 6.06 Bn | 5.99 Bn | - | 72.83 Mn |
| 7 | Piper Sandler Companies | 5.20 Bn | 5.09 Bn | - | 101.17 Mn |
| 8 | Lazard | 4.97 Bn | 3.99 Bn | - | 37.60 Mn |
| 9 | BRBI BR Partners | 3.49 Bn | 3.38 Bn | 16.77 Mn | 34.22 Mn |
| 10 | Perella Weinberg Partners | 1.81 Bn | 2.01 Bn | - | 8.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.60 Mn |
| Mar 31, 2026 | 89.57 Mn |
| Dec 31, 2025 | 84.95 Mn |
| Sep 30, 2025 | 94.93 Mn |
| Jun 30, 2025 | 93.08 Mn |
| Mar 31, 2025 | 54.64 Mn |
| Dec 31, 2024 | 107.08 Mn |
| Sep 30, 2024 | 161.19 Mn |
| Jun 30, 2024 | 63.64 Mn |
| Mar 31, 2024 | 54.56 Mn |
| Dec 31, 2023 | 71.90 Mn |
| Sep 30, 2023 | -4.86 Mn |
| Jun 30, 2023 | -110.07 Mn |
| Mar 31, 2023 | -36.92 Mn |
| Dec 31, 2022 | 73.14 Mn |
| Sep 30, 2022 | 158.14 Mn |
| Jun 30, 2022 | 125.84 Mn |
| Mar 31, 2022 | 159.73 Mn |
| Dec 31, 2021 | 268.34 Mn |
| Sep 30, 2021 | 154.96 Mn |