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Lazard (LAZ) Operating Expenses (2016 - 2025)

Lazard's Operating Expenses history spans 17 years, with the latest figure at $80.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 88.67% year-over-year to $80.4 million; the TTM value through Dec 2025 reached $2.0 billion, down 23.84%, while the annual FY2025 figure was $325.8 million, 87.78% down from the prior year.
  • Operating Expenses for Q4 2025 was $80.4 million at Lazard, down from $653.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $753.2 million in Q2 2023 and bottomed at $80.4 million in Q4 2025.
  • The 5-year median for Operating Expenses is $622.7 million (2024), against an average of $600.8 million.
  • The largest annual shift saw Operating Expenses surged 46.62% in 2023 before it crashed 88.67% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $724.0 million in 2021, then fell by 11.71% to $639.2 million in 2022, then increased by 14.84% to $734.1 million in 2023, then fell by 3.32% to $709.8 million in 2024, then plummeted by 88.67% to $80.4 million in 2025.
  • Per Business Quant, the three most recent readings for LAZ's Operating Expenses are $80.4 million (Q4 2025), $653.1 million (Q3 2025), and $702.9 million (Q2 2025).