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Lazard profit margin LAZ

Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.

Net margin, 12 months
6.9%
Net margin on a year earlier
−3.0 pts
Peer median
24.1%

Over the twelve months to Jun 30, 2026, Lazard kept 6.9% of its revenue as net profit.

Five years earlier its net margin was 15.7%.

The median for 10 asset managers of a similar size is 24.1%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY20257.4%n/a
FY20248.9%n/a
FY2023−2.9%n/a
FY202212.5%n/a
FY202116.1%n/a
FY202015.2%n/a
FY201910.7%n/a
FY201818.3%n/a
FY20179.4%n/a
FY201616.3%n/a
FY201541.0%n/a
FY201418.1%n/a
FY20137.8%n/a
FY20124.2%10.3%
FY20119.1%17.0%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a year
Q2 FY266.9%−3.0 pts
Q1 FY268.4%−1.7 pts
Q4 FY257.4%−1.5 pts
Q3 FY258.8%+0.6 pts
Q2 FY259.9%+4.4 pts
Q1 FY2510.1%+10.7 pts
Q4 FY248.9%+11.8 pts
Q3 FY248.2%+12.1 pts
Q2 FY245.5%+5.4 pts
Q1 FY24−0.6%−8.8 pts
Q4 FY23−2.9%−15.4 pts
Q3 FY23−3.9%−20.6 pts

Against its peers

Companies in Asset Management nearest Lazard's size, closest first, today.

CompanyProfit margin
LAZLazard6.9%
FHIFederated Hermes21.3%
MCMoelisn/m
HLNEHamilton Lane INC32.1%
CNSCohen & Steers28.8%
HASIHA Sustainable Infrastructure Capital24.1%
AAMIAcadian Asset Management15.2%
ABAlliancebernsteinn/m
DLBDolby Laboratories16.7%
APAMArtisan Partners Asset Management24.1%
VCTRVictory Capital29.6%
Peer median24.1%

Where Lazard ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Lazard

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.