Lazard (LAZ) Operating Expenses (2009 - 2026)

Lazard has disclosed Operating Expenses across 18 years of filings, most recently posting $770.1 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 9.55% year-over-year to $770.1 million; the TTM figure through Jun 2026 stood at $2.9 billion (up 10.73% YoY), while the FY2025 annual figure was $2.8 billion, up 3.97% from the prior year.
• Operating Expenses came in at $770.1 million for Q2 2026 at Lazard, up from $667.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $821.8 million in Q4 2025 to a low of $513.7 million in Q2 2022.
• Average Operating Expenses over 5 years is $651.4 million, with a median of $646.2 million recorded in 2022.
• Year-over-year, Operating Expenses decreased 21.8% in 2022 and surged 46.62% in 2023.
• Over 5 years, Operating Expenses stood at $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 increased by 15.78% to $821.8 million in 2025, then retreated by 6.29% to $770.1 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $770.1 million in Q2 2026, $667.0 million in Q1 2026, and $821.8 million in Q4 2025.