Lazard (LAZ) FCF Margin (2010 - 2026)
Lazard (LAZ) posted FCF Margin of 24.03% for Q2 2026, up 19.38 percentage points from 4.65% a year earlier and up 52.44 percentage points from the prior quarter.
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Analysis
Lazard (LAZ) FCF Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Lazard was 19.90%, up 6.15 percentage points year-over-year; for FY2025, it was 15.30%, down 6.91 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -4.04 percentage points (FY2020 to FY2025).
- In prior years, Lazard's FCF Margin was 22.21% in FY2024 (+16.95 pp), 5.26% in FY2023 (-22.22 pp), 27.48% in FY2022 (+2.23 pp) and 25.24% in FY2021 (+5.91 pp).
- Quarterly FCF Margin has run from a low of -74.04% in Q1 2023 to a high of 57.51% in Q3 2022 over five years.
- On a year-over-year basis, FCF Margin has increased in each of the last four quarters, with an average year-over-year change of +2.30 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q1 2024, with a gain of 61.74 percentage points; the weakest was Q3 2023, with a drop of 52.73 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was -28.41% (Q1 2026), 42.62% (Q4 2025) and 36.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 54.13% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 51.34% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 54.13% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 25.04% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 326.90% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | -37.17% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 3.90% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 69.02% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 73.63% |
| 10 | Lazard | 3.72 Bn | -1.04 Bn | - | 24.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.03% |
| Mar 31, 2026 | -28.41% |
| Dec 31, 2025 | 42.62% |
| Sep 30, 2025 | 36.93% |
| Jun 30, 2025 | 4.65% |
| Mar 31, 2025 | -34.57% |
| Dec 31, 2024 | 41.47% |
| 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 | 57.51% |
| Jun 30, 2022 | 44.27% |
| Mar 31, 2022 | -31.70% |
| Dec 31, 2021 | 43.29% |
| Sep 30, 2021 | 52.89% |
API Access
Lazard FCF 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=fcf-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();