Lazard (LAZ) Net Margin (2009 - 2026)
Lazard (LAZ) posted Net Margin of 0.58% for Q2 2026, down 6.19 percentage points from 6.77% a year earlier and down 12.37 percentage points from the prior quarter.
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Analysis
Lazard (LAZ) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Lazard was 6.85%, down 3.04 percentage points year-over-year; for FY2025, it was 7.43%, down 1.48 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -7.77 percentage points (FY2020 to FY2025).
- In prior years, Lazard's Net Margin was 8.91% in FY2024 (+11.83 pp), -2.91% in FY2023 (-15.43 pp), 12.52% in FY2022 (-3.61 pp) and 16.13% in FY2021 (+0.92 pp).
- The Q2 2026 figure stands as the lowest quarterly Net Margin since Q2 2023.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +0.94 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2024, with a gain of 25.77 percentage points; the weakest was Q2 2023, with a drop of 33.18 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 12.95% (Q1 2026), 5.37% (Q4 2025) and 9.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 61.06% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 26.53% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 42.89% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 20.02% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 16.46% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 24.38% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 7.31% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 32.44% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 6.88% |
| 10 | Lazard | 3.72 Bn | -1.04 Bn | - | 0.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.58% |
| Mar 31, 2026 | 12.95% |
| Dec 31, 2025 | 5.37% |
| Sep 30, 2025 | 9.24% |
| Jun 30, 2025 | 6.77% |
| Mar 31, 2025 | 9.02% |
| Dec 31, 2024 | 10.29% |
| Sep 30, 2024 | 13.37% |
| Jun 30, 2024 | 7.05% |
| Mar 31, 2024 | 4.55% |
| Dec 31, 2023 | 7.70% |
| Sep 30, 2023 | 1.31% |
| Jun 30, 2023 | -18.72% |
| Mar 31, 2023 | -3.95% |
| Dec 31, 2022 | 5.79% |
| Sep 30, 2022 | 14.17% |
| Jun 30, 2022 | 14.45% |
| Mar 31, 2022 | 15.90% |
| Dec 31, 2021 | 20.77% |
| Sep 30, 2021 | 14.53% |
API Access
Lazard Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "LAZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=LAZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();