Lazard (LAZ) Net Margin (2009 - 2026)
Lazard's (LAZ) quarterly Net Margin came in at 1.06% in Q2 2026, down 597.0% year-over-year from 0.21% in Q2 2025, and down 110.63% quarter-over-quarter from 9.98% in Q1 2026.
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Analysis
Lazard (LAZ) Net Margin (2009 - 2026) Analysis & Trends
Lazard has disclosed Net Margin across 18 years of filings, most recently posting 1.06% for Q2 2026.
- In Q2 2026, Net Margin fell 597.0% year-over-year to 1.06%; the TTM figure through Jun 2026 stood at 4.57% (down 279.0% YoY), while the FY2025 annual figure was 5.13%, down 120.0% from the prior year.
- Net Margin came in at 1.06% for Q2 2026 at Lazard, down from 9.98% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 16.52% in Q1 2022 to a low of 21.07% in Q2 2023.
- Average Net Margin over 5 years is 4.83%, with a median of 6.19% recorded in 2023.
- Year-over-year, Net Margin slumped 3452 bps in 2023 and jumped 2523 bps in 2024.
- Over 5 years, Net Margin stood at 7.15% in 2022, then fell by 12 bps to 6.27% in 2023, then advanced by 7 bps to 6.69% in 2024, then plunged by 49 bps to 3.4% in 2025, then sank by 131 bps to 1.06% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 1.06% in Q2 2026, 9.98% in Q1 2026, and 3.4% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 10.67% |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 7.26% |
| 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 | 16.72% |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | - |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 14.13% |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | -1.06% |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 4.08% |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 4.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.06% |
| Mar 31, 2026 | 9.98% |
| Dec 31, 2025 | 3.40% |
| Sep 30, 2025 | 6.59% |
| Jun 30, 2025 | 4.91% |
| Mar 31, 2025 | 6.11% |
| Dec 31, 2024 | 6.69% |
| 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 | -3.81% |
| Dec 31, 2022 | 7.15% |
| Sep 30, 2022 | 15.95% |
| Jun 30, 2022 | 13.44% |
| Mar 31, 2022 | 16.52% |
| Dec 31, 2021 | 21.22% |
| Sep 30, 2021 | 15.66% |