Lazard (LAZ) EBITDA Margin (2010 - 2026)
Lazard (LAZ) recorded EBITDA Margin of 5.42% in Q2 2026, down 7.03 percentage points from 12.45% a year earlier and down 7.08 percentage points from the prior quarter.
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Analysis
Lazard (LAZ) EBITDA Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Lazard's EBITDA Margin came in at 10.25% as of Jun 30, 2026, down 4.14 percentage points year-over-year; for FY2025, it came in at 11.35%, down 2.11 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -9.01 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 13.46% in FY2024 (+14.89 pp), -1.43% in FY2023 (-21.02 pp), 19.59% in FY2022 (-3.69 pp) and 23.28% in FY2021 (+2.92 pp).
- The Q2 2026 figure is the lowest quarterly EBITDA Margin since Q3 2023.
- On a year-over-year basis, EBITDA Margin rose in five of the last eight quarters, with an average year-over-year change of +1.50 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 25.32 percentage points in Q2 2024, against a drop of 35.71 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.50% (Q1 2026), 10.07% (Q4 2025) and 13.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.50 Bn | 94.60 Bn | - | 69.82% |
| 2 | Robinhood Markets | 92.28 Bn | 73.31 Bn | - | 68.12% |
| 3 | Intercontinental Exchange | 89.32 Bn | 83.05 Bn | - | 49.29% |
| 4 | Nasdaq | 54.06 Bn | 51.49 Bn | 1.50 Bn | 34.64% |
| 5 | Interactive Brokers | 38.52 Bn | 15.63 Bn | - | 139.87% |
| 6 | Cboe Global Markets | 33.09 Bn | 24.74 Bn | 731.60 Mn | 34.94% |
| 7 | LPL Financial Holdings | 25.83 Bn | 21.15 Bn | - | 15.45% |
| 8 | Tradeweb Markets | 25.44 Bn | 17.45 Bn | - | 54.88% |
| 9 | Circle Internet | 22.77 Bn | 16.65 Bn | 288.85 Mn | 9.16% |
| 10 | Lazard | 3.80 Bn | -959.43 Mn | - | 23.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.94% |
| Mar 31, 2026 | 28.93% |
| Dec 31, 2025 | 20.91% |
| Sep 30, 2025 | 29.18% |
| Jun 30, 2025 | 28.77% |
| Mar 31, 2025 | 24.99% |
| Dec 31, 2024 | 22.33% |
| Sep 30, 2024 | 35.80% |
| Jun 30, 2024 | 29.62% |
| Mar 31, 2024 | 23.57% |
| Dec 31, 2023 | 19.22% |
| Sep 30, 2023 | 20.13% |
| Jun 30, 2023 | 6.37% |
| Mar 31, 2023 | 14.68% |
| Dec 31, 2022 | 21.42% |
| Sep 30, 2022 | 38.79% |
| Jun 30, 2022 | 39.13% |
| Mar 31, 2022 | 36.39% |
| Dec 31, 2021 | 34.24% |
| Sep 30, 2021 | 35.25% |
API Access
Lazard EBITDA Margin 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-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();