Lazard (LAZ) FCF Margin (2010 - 2026)
Lazard's (LAZ) quarterly FCF Margin came in at 24.03% in Q2 2026, up 1938.0% year-over-year from 1.18% in Q2 2025, and up 184.56% quarter-over-quarter from 28.41% in Q1 2026.
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Lazard (LAZ) FCF Margin (2010 - 2026) Analysis & Trends
Lazard has disclosed FCF Margin across 15 years of filings, most recently posting 24.03% for Q2 2026.
- In Q2 2026, FCF Margin rose 1938.0% year-over-year to 24.03%; the TTM figure through Jun 2026 stood at 19.9% (up 615.0% YoY), while the FY2025 annual figure was 15.3%, down 691.0% from the prior year.
- FCF Margin came in at 24.03% for Q2 2026 at Lazard, up from 28.41% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 57.51% in Q3 2022 to a low of 74.04% in Q1 2023.
- Average FCF Margin over 5 years is 13.48%, with a median of 26.63% recorded in 2026.
- Year-over-year, FCF Margin tumbled 5273 bps in 2023 and soared 6174 bps in 2024.
- Over 5 years, FCF Margin stood at 39.6% in 2022, then advanced by 2 bps to 40.3% in 2023, then rose by 3 bps to 41.47% in 2024, then advanced by 3 bps to 42.62% in 2025, then slumped by 44 bps to 24.03% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 24.03% in Q2 2026, 28.41% in Q1 2026, and 42.62% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 51.56% |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 49.75% |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 46.55% |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | - |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 5.74% |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 24.03% |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 129.64% |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 30.13% |
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% |