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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Lazard (LAZ) Operating Margin (2016 - 2025)

Lazard (LAZ) has disclosed Operating Margin for 17 consecutive years, with 8.54% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 457.0% to 8.54% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 10.21% through Dec 2025, down 227.0% year-over-year, with the annual reading at 10.28% for FY2025, 238.0% down from the prior year.
  • Operating Margin hit 8.54% in Q4 2025 for Lazard, down from 12.69% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 27.04% in Q4 2021 to a low of 16.62% in Q2 2023.
  • Historically, Operating Margin has averaged 11.76% across 5 years, with a median of 12.04% in 2025.
  • Biggest five-year swings in Operating Margin: crashed -3567bps in 2023 and later surged 2561bps in 2024.
  • Year by year, Operating Margin stood at 27.04% in 2021, then tumbled by -66bps to 9.21% in 2022, then fell by -3bps to 8.92% in 2023, then skyrocketed by 47bps to 13.11% in 2024, then crashed by -35bps to 8.54% in 2025.
  • Business Quant data shows Operating Margin for LAZ at 8.54% in Q4 2025, 12.69% in Q3 2025, and 11.39% in Q2 2025.