Lazard (LAZ) Operating Margin (2009 - 2026)

Lazard has disclosed Operating Margin across 18 years of filings, most recently posting 4.53% for Q2 2026.

• In Q2 2026, Operating Margin fell 686.0% year-over-year to 4.53%; the TTM figure through Jun 2026 stood at 9.28% (down 400.0% YoY), while the FY2025 annual figure was 10.28%, down 203.0% from the prior year.
• Operating Margin came in at 4.53% for Q2 2026 at Lazard, down from 11.49% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 22.3% in Q1 2022 to a low of 16.62% in Q2 2023.
• Average Operating Margin over 5 years is 9.05%, with a median of 9.57% recorded in 2022.
• Year-over-year, Operating Margin slumped 3567 bps in 2023 and jumped 2561 bps in 2024.
• Over 5 years, Operating Margin stood at 9.99% in 2022, then decreased by 13 bps to 8.71% in 2023, then surged by 47 bps to 12.76% in 2024, then slipped by 28 bps to 9.14% in 2025, then slumped by 50 bps to 4.53% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 4.53% in Q2 2026, 11.49% in Q1 2026, and 9.14% in Q4 2025.