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Lazard (LAZ) Research & Development (2016 - 2025)

Lazard's Research & Development history spans 17 years, with the latest figure at $48.8 million for Q4 2025.

  • For Q4 2025, Research & Development rose 2.67% year-over-year to $48.8 million; the TTM value through Dec 2025 reached $193.2 million, up 5.27%, while the annual FY2025 figure was $193.2 million, 5.27% up from the prior year.
  • Research & Development for Q4 2025 was $48.8 million at Lazard, roughly flat from $48.9 million in the prior quarter.
  • Across five years, Research & Development topped out at $51.4 million in Q2 2023 and bottomed at $33.7 million in Q1 2021.
  • The 5-year median for Research & Development is $45.6 million (2024), against an average of $44.2 million.
  • The largest annual shift saw Research & Development rose 22.11% in 2023 before it dropped 9.66% in 2024.
  • A 5-year view of Research & Development shows it stood at $39.8 million in 2021, then grew by 18.52% to $47.1 million in 2022, then grew by 0.51% to $47.4 million in 2023, then grew by 0.44% to $47.6 million in 2024, then increased by 2.67% to $48.8 million in 2025.
  • Per Business Quant, the three most recent readings for LAZ's Research & Development are $48.8 million (Q4 2025), $48.9 million (Q3 2025), and $49.3 million (Q2 2025).