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Lazard (LAZ) Operating Expenses (2016 - 2025)

Lazard (LAZ) has disclosed Operating Expenses for 17 consecutive years, with $821.8 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 15.78% to $821.8 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $2.8 billion through Dec 2025, up 3.97% year-over-year, with the annual reading at $2.8 billion for FY2025, 3.97% up from the prior year.
  • Operating Expenses hit $821.8 million in Q4 2025 for Lazard, up from $653.1 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.
  • Historically, Operating Expenses has averaged $637.9 million across 5 years, with a median of $631.5 million in 2022.
  • Biggest five-year swings in Operating Expenses: fell 21.8% in 2022 and later soared 46.62% in 2023.
  • Year by year, Operating Expenses stood at $724.0 million in 2021, then dropped by 11.71% to $639.2 million in 2022, then rose by 14.84% to $734.1 million in 2023, then dropped by 3.32% to $709.8 million in 2024, then grew by 15.78% to $821.8 million in 2025.
  • Business Quant data shows Operating Expenses for LAZ at $821.8 million in Q4 2025, $653.1 million in Q3 2025, and $702.9 million in Q2 2025.