Lazard (LAZ) FCF Margin (2010 - 2026)
Lazard's (LAZ) quarterly FCF Margin came in at 29.27% in Q1 2026, up 530.0% year-on-year from 4.65% in Q1 2025, and down 162.2% quarter-over-quarter from 47.06% in Q4 2025.
Lazard (LAZ) FCF Margin (2010 - 2026) Analysis & Trends
Lazard has disclosed FCF Margin across 15 years of filings, most recently posting 29.27% for Q1 2026.
- FCF Margin for Q1 2026 came in at 29.27%, up 530.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.82% (down 238.0% YoY), and the FY2025 annual result was 15.73%, down 648.0% from the prior year.
- FCF Margin came in at 29.27% for Q1 2026 at Lazard, down from 47.06% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 59.07% in Q3 2022 to a low of 74.04% in Q1 2023.
- The 5-year median for FCF Margin is 29.23% (2023), against an average of 13.14%.
- Across the five-year window, FCF Margin slumped 5429 bps in 2023 and surged 6174 bps in 2024, its largest moves.
- Lazard's FCF Margin stood at 39.6% in 2022, then advanced by 2 bps to 40.3% in 2023, then fell by 5 bps to 38.45% in 2024, then advanced by 22 bps to 47.06% in 2025, then tumbled by 162 bps to 29.27% in 2026.
- The last three FCF Margin figures came in at 29.27% (Q1 2026), 47.06% (Q4 2025), and 38.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -38.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -188.27% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 111.11% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 16.77% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 28.16% |
| 10 | Lazard | 4.57 Bn | 3.54 Bn | - | -29.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -29.27% |
| Dec 31, 2025 | 47.06% |
| Sep 30, 2025 | 38.05% |
| Jun 30, 2025 | 4.77% |
| Mar 31, 2025 | -34.57% |
| Dec 31, 2024 | 38.45% |
| Sep 30, 2024 | 34.20% |
| Jun 30, 2024 | 23.98% |
| Mar 31, 2024 | -12.30% |
| Dec 31, 2023 | 40.30% |
| Sep 30, 2023 | 4.78% |
| Jun 30, 2023 | 29.23% |
| Mar 31, 2023 | -74.04% |
| Dec 31, 2022 | 39.60% |
| Sep 30, 2022 | 59.07% |
| Jun 30, 2022 | 45.73% |
| Mar 31, 2022 | -31.70% |
| Dec 31, 2021 | 40.86% |
| Sep 30, 2021 | 54.39% |
| Jun 30, 2021 | 15.24% |