Lazard (LAZ) Research & Development (2009 - 2026)

Lazard has disclosed Research & Development across 18 years of filings, most recently posting $48.3 million for Q1 2026.

• Research & Development for Q1 2026 came in at $48.3 million, up 4.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $195.3 million (up 5.64% YoY), and the FY2025 annual result was $193.2 million, up 5.27% from the prior year.
• Research & Development came in at $48.3 million for Q1 2026 at Lazard, down from $48.8 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $51.4 million in Q2 2023 to a low of $37.9 million in Q1 2022.
• The 5-year median for Research & Development is $46.9 million (2023), against an average of $46.3 million.
• Across the five-year window, Research & Development advanced 22.11% in 2023 and fell 9.66% in 2024, its largest moves.
• Lazard's Research & Development stood at $47.1 million in 2022, then climbed by 0.51% to $47.4 million in 2023, then climbed by 0.44% to $47.6 million in 2024, then gained by 2.67% to $48.8 million in 2025, then declined by 1.17% to $48.3 million in 2026.
• The last three Research & Development figures came in at $48.3 million (Q1 2026), $48.8 million (Q4 2025), and $48.9 million (Q3 2025), per Business Quant data.