Lazard (LAZ) Net Margin (2009 - 2026)
Lazard (LAZ) posted Net Margin of 10.28% for Q1 2026, up 174.1% sequentially from 3.75% in Q4 2025, and up 417.0% YoY from 1.99% in Q1 2025.
Lazard (LAZ) Net Margin (2009 - 2026) Analysis & Trends
Lazard (LAZ) has 18 years of Net Margin data on file, last reported at 10.28% in Q1 2026.
- Quarterly Net Margin rose 417.0% year-over-year to 10.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.37% (down 75.0% YoY) and the FY2025 annual result came in at 5.27%, down 105.0% from the prior year.
- Net Margin advanced to 10.28% in Q1 2026 per LAZ's latest filing, from 3.75% in the prior quarter.
- The five-year high for Net Margin was 14.19% in Q3 2022, with the low at 21.07% in Q2 2023.
- Average Net Margin over 5 years is 4.55%, with a median of 6.11% recorded in 2025.
- Year-over-year, Net Margin slumped 3210 bps in 2023 and jumped 2523 bps in 2024.
- Lazard's Net Margin stood at 5.14% in 2022, then climbed by 22 bps to 6.27% in 2023, then retreated by 1 bps to 6.2% in 2024, then tumbled by 40 bps to 3.75% in 2025, then jumped by 174 bps to 10.28% in 2026.
- Business Quant data shows LAZ's Net Margin at 10.28% in Q1 2026, 3.75% in Q4 2025, and 6.79% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 26.29% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 31.36% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 36.98% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 32.80% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 7.22% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 37.74% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 132.82% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -171.16% |
| 10 | Lazard | 4.11 Bn | 3.08 Bn | - | 10.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.28% |
| Dec 31, 2025 | 3.75% |
| Sep 30, 2025 | 6.79% |
| Jun 30, 2025 | 5.04% |
| Mar 31, 2025 | 6.11% |
| Dec 31, 2024 | 6.20% |
| Sep 30, 2024 | 11.59% |
| Jun 30, 2024 | 4.15% |
| Mar 31, 2024 | 2.48% |
| Dec 31, 2023 | 6.27% |
| Sep 30, 2023 | -2.30% |
| Jun 30, 2023 | -21.07% |
| Mar 31, 2023 | -6.17% |
| Dec 31, 2022 | 5.14% |
| Sep 30, 2022 | 14.19% |
| Jun 30, 2022 | 11.03% |
| Mar 31, 2022 | 13.92% |
| Dec 31, 2021 | 17.78% |
| Sep 30, 2021 | 13.26% |
| Jun 30, 2021 | 12.43% |