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Lazard (LAZ) Operating Expenses: 2009-2025

Historic Operating Expenses for Lazard (LAZ) over the last 17 years, with Sep 2025 value amounting to $653.1 million.

  • Lazard's Operating Expenses rose 4.73% to $653.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.7 billion, marking a year-over-year decrease of 1.13%. This contributed to the annual value of $2.7 billion for FY2024, which is 2.69% up from last year.
  • Per Lazard's latest filing, its Operating Expenses stood at $653.1 million for Q3 2025, which was down 7.08% from $702.9 million recorded in Q2 2025.
  • Lazard's Operating Expenses' 5-year high stood at $753.2 million during Q2 2023, with a 5-year trough of $513.7 million in Q2 2022.
  • For the 3-year period, Lazard's Operating Expenses averaged around $655.5 million, with its median value being $653.1 million (2025).
  • As far as peak fluctuations go, Lazard's Operating Expenses decreased by 21.80% in 2022, and later spiked by 46.62% in 2023.
  • Lazard's Operating Expenses (Quarterly) stood at $724.0 million in 2021, then declined by 11.71% to $639.2 million in 2022, then grew by 14.84% to $734.1 million in 2023, then declined by 3.32% to $709.8 million in 2024, then grew by 4.73% to $653.1 million in 2025.
  • Its last three reported values are $653.1 million in Q3 2025, $702.9 million for Q2 2025, and $593.4 million during Q1 2025.