Lazard (LAZ) Operating Income (2009 - 2026)
Lazard (LAZ) posted Operating Income of $54.75 million for Q3 2026, down 42.3% from $94.93 million a year earlier but up 45.6% from the prior quarter.
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Analysis
Lazard (LAZ) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Income at Lazard was $266.88 million, down 23.7% year-over-year; for FY2025, it came in at $327.6 million, down 15.2% from FY2024.
- Annual Operating Income shows a five-year compound annual growth rate of -8.2% (FY2020 to FY2025).
- In prior years, Lazard's Operating Income was $386.47 million in FY2024, -$79.96 million in FY2023, $516.85 million in FY2022 (-28.6%) and $723.85 million in FY2021 (+44.2%).
- Quarterly Operating Income has run from a low of -$110.07 million in Q2 2023 to a high of $268.34 million in Q4 2021 over five years.
- On a year-over-year basis, Operating Income increased in four of the last eight quarters, with an average decline of 0.6%.
- The strongest year-over-year quarter for Operating Income in the past five years was Q1 2026, with growth of 63.9%; the weakest was Q4 2022, with a decline of 72.7%.
- According to Business Quant data, Operating Income for the three prior quarters was $37.6 million (Q2 2026), $89.57 million (Q1 2026) and $84.95 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.59 Bn | 97.93 Bn | - | 1.14 Bn |
| 2 | Bank of New York Mellon | 100.46 Bn | 34.08 Bn | - | - |
| 3 | Intercontinental Exchange | 97.18 Bn | 90.07 Bn | - | 1.41 Bn |
| 4 | Robinhood Markets | 72.63 Bn | 52.17 Bn | - | - |
| 5 | Nasdaq | 59.89 Bn | 57.32 Bn | 1.48 Bn | 732.00 Mn |
| 6 | State Street | 45.42 Bn | 45.42 Bn | - | - |
| 7 | Cboe Global Markets | 36.91 Bn | 27.39 Bn | 712.20 Mn | 534.30 Mn |
| 8 | Interactive Brokers | 34.30 Bn | 10.61 Bn | - | - |
| 9 | Northern Trust | 31.46 Bn | 31.46 Bn | - | - |
| 10 | Lazard | 3.87 Bn | -984.36 Mn | - | 54.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 54.75 Mn |
| Jun 30, 2026 | 37.60 Mn |
| Mar 31, 2026 | 89.57 Mn |
| Dec 31, 2025 | 84.95 Mn |
| Sep 30, 2025 | 94.93 Mn |
| Jun 30, 2025 | 93.08 Mn |
| Mar 31, 2025 | 54.64 Mn |
| Dec 31, 2024 | 107.08 Mn |
| Sep 30, 2024 | 161.19 Mn |
| Jun 30, 2024 | 63.64 Mn |
| Mar 31, 2024 | 54.56 Mn |
| Dec 31, 2023 | 71.90 Mn |
| Sep 30, 2023 | -4.86 Mn |
| Jun 30, 2023 | -110.07 Mn |
| Mar 31, 2023 | -36.92 Mn |
| Dec 31, 2022 | 73.14 Mn |
| Sep 30, 2022 | 158.14 Mn |
| Jun 30, 2022 | 125.84 Mn |
| Mar 31, 2022 | 159.73 Mn |
| Dec 31, 2021 | 268.34 Mn |
API Access
Lazard Operating Income 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=operating-income&ticker=LAZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=LAZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();