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
DateValue
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%