Growth Metrics

Lazard (LAZ) Net Margin (2016 - 2025)

Lazard (LAZ) has disclosed Net Margin for 17 consecutive years, with 3.17% as the latest value for Q4 2025.

  • Quarterly Net Margin fell 370.0% to 3.17% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 5.09% through Dec 2025, down 132.0% year-over-year, with the annual reading at 5.13% for FY2025, 138.0% down from the prior year.
  • Net Margin hit 3.17% in Q4 2025 for Lazard, down from 6.79% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 19.23% in Q4 2021 to a low of 21.07% in Q2 2023.
  • Historically, Net Margin has averaged 6.09% across 5 years, with a median of 6.61% in 2023.
  • Biggest five-year swings in Net Margin: crashed -3175bps in 2023 and later surged 2523bps in 2024.
  • Year by year, Net Margin stood at 19.23% in 2021, then crashed by -75bps to 4.74% in 2022, then surged by 36bps to 6.42% in 2023, then rose by 7bps to 6.87% in 2024, then tumbled by -54bps to 3.17% in 2025.
  • Business Quant data shows Net Margin for LAZ at 3.17% in Q4 2025, 6.79% in Q3 2025, and 4.91% in Q2 2025.