Lazard (LAZ) Operating Margin (2009 - 2026)

Lazard (LAZ) posted Operating Margin of 11.84% for Q1 2026, up 17.31% sequentially from 10.09% in Q4 2025, and up 367.0% YoY from 2.54% in Q1 2025.

Lazard (LAZ) Operating Margin (2009 - 2026) Analysis & Trends

Lazard (LAZ) has 18 years of Operating Margin data on file, last reported at 11.84% in Q1 2026.

  • Quarterly Operating Margin rose 367.0% year-over-year to 11.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.54% (down 97.0% YoY) and the FY2025 annual result came in at 10.57%, down 174.0% from the prior year.
  • Operating Margin rose to 11.84% in Q1 2026 per LAZ's latest filing, from 10.09% in the prior quarter.
  • The five-year high for Operating Margin was 22.3% in Q1 2022, with the low at 16.62% in Q2 2023.
  • Average Operating Margin over 5 years is 9.45%, with a median of 10.09% recorded in 2025.
  • Year-over-year, Operating Margin plunged 3630 bps in 2023 and jumped 2561 bps in 2024.
  • Lazard's Operating Margin stood at 9.99% in 2022, then declined by 13 bps to 8.71% in 2023, then jumped by 36 bps to 11.83% in 2024, then declined by 15 bps to 10.09% in 2025, then increased by 17 bps to 11.84% in 2026.
  • Business Quant data shows LAZ's Operating Margin at 11.84% in Q1 2026, 10.09% in Q4 2025, and 12.69% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 149.71%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 46.50%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 108.11%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -161.28%
10 Lazard 4.11 Bn 3.08 Bn - 11.84%

Historic Data

Download Data
DateValue
Mar 31, 2026 11.84%
Dec 31, 2025 10.09%
Sep 30, 2025 12.69%
Jun 30, 2025 11.69%
Mar 31, 2025 8.16%
Dec 31, 2024 11.83%
Sep 30, 2024 19.96%
Jun 30, 2024 8.99%
Mar 31, 2024 6.95%
Dec 31, 2023 8.71%
Sep 30, 2023 -0.89%
Jun 30, 2023 -16.62%
Mar 31, 2023 -6.57%
Dec 31, 2022 9.99%
Sep 30, 2022 21.76%
Jun 30, 2022 19.68%
Mar 31, 2022 22.30%
Dec 31, 2021 25.00%
Sep 30, 2021 21.60%
Jun 30, 2021 19.72%