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Lazard LAZ EBITDA margin

EBITDA margin at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
152.6%-17.9pp
Morgan Stanley logo
Morgan StanleyMS
106.3%-1.8pp
Houlihan Lokey logo
Houlihan LokeyHLI
21.8%-1.0pp
Evercore logo
EvercoreEVR
23.1%+3.3pp
PJT Partners logo
PJT PartnersPJT
21.3%+2.4pp
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
6.6%

Other financials

Income statement

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Revenue$807.7M+1.5%
Operating income$37.6M-59.6%
Net income$4.8M-91.3%
EPS (diluted)$0.03-94.2%

Balance sheet

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Cash & equivalents$1.1B+12.4%
Total debt$2.2B-2.4%
Total equity$914.3M+23.3%
Total assets$4.4B-2.9%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$3.9M-66.4%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.22B-13.4%
Enterprise value$5.27B-13.6%
P/E18.6×+2.9×
P/S1.3×-0.3×

Profitability

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Operating margin9.5%-4.1pp
Net margin7%-3.1pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity27.4%-24.3pp
Debt / equity2.4×-0.6×

Where this comes from

Calculated from Lazard’s reported figures.

Based on trailing twelve months.

The source filing: Lazard’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001311370-26-000022

FAQ

What is Lazard's EBITDA margin?
Lazard (LAZ) reported EBITDA margin of 10.5% in Q2 2026.
How has Lazard's EBITDA margin changed year-over-year?
Lazard's EBITDA margin decreased by 28.8% year-over-year, from 14.8% to 10.5%.
What is the long-term trend for Lazard's EBITDA margin?
Over 4 years (2020 to 2025), Lazard's EBITDA margin has grown at a -13.6% compound annual growth rate (CAGR), from 20.9% to 11.7%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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