Lazard (LAZ) Net Margin (2009 - 2026)
Lazard (LAZ) posted Net Margin of 1.06% for Q2 2026, down 110.63% sequentially from 9.98% in Q1 2026, and down 597.0% YoY from 0.21% in Q2 2025.
Lazard (LAZ) Net Margin (2009 - 2026) Analysis & Trends
Lazard has reported Net Margin for 18 years, with the latest figure at 1.06% in Q2 2026.
- Quarterly Net Margin fell 597.0% year-over-year to 1.06% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 4.57% (down 279.0% YoY) and the FY2025 annual result came in at 4.34%, down 193.0% from the prior year.
- Net Margin slipped to 1.06% in Q2 2026 per LAZ's latest filing, from 9.98% in the prior quarter.
- Over five years, Net Margin peaked at 16.52% in Q1 2022 and troughed at 24.01% in Q2 2023.
- A 5-year average of 4.67% and a median of 6.2% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 3746 bps in 2023, then soared 2817 bps in 2024.
- Over 5 years, Net Margin stood at 7.15% in 2022, then retreated by 12 bps to 6.29% in 2023, then gained by 6 bps to 6.69% in 2024, then slumped by 49 bps to 3.4% in 2025, then tumbled by 131 bps to 1.06% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.06%, 9.98%, and 3.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 25.46% |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 31.46% |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 37.91% |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 42.89% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 16.46% |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 7.31% |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 36.98% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 6.87% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 52.66% |
| 10 | Lazard | 4.45 Bn | 3.35 Bn | - | -1.06% |
Historic Data
Download 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 | 6.29% |
| Sep 30, 2023 | -2.30% |
| Jun 30, 2023 | -24.01% |
| 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% |