Lazard (LAZ) Net Margin (2009 - 2026)

Lazard has disclosed Net Margin across 18 years of filings, most recently posting 10.28% for Q1 2026.

• Net Margin for Q1 2026 came in at 10.28%, up 417.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.37% (down 75.0% YoY), and the FY2025 annual result was 5.27%, down 105.0% from the prior year.
• Net Margin came in at 10.28% for Q1 2026 at Lazard, up from 3.75% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 14.19% in Q3 2022 to a low of 21.07% in Q2 2023.
• The 5-year median for Net Margin is 6.11% (2025), against an average of 4.55%.
• Across the five-year window, Net Margin plunged 3210 bps in 2023 and soared 2523 bps in 2024, its largest moves.
• Lazard's Net Margin stood at 5.14% in 2022, then rose by 22 bps to 6.27% in 2023, then dropped by 1 bps to 6.2% in 2024, then slumped by 40 bps to 3.75% in 2025, then jumped by 174 bps to 10.28% in 2026.
• The last three Net Margin figures came in at 10.28% (Q1 2026), 3.75% (Q4 2025), and 6.79% (Q3 2025), per Business Quant data.