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Lazard LAZ Operating margin

Operating margin at other companies

Houlihan Lokey logo
Houlihan LokeyHLI
20.1%-0.9pp
Blackrock logo
BlackrockBLK
31.8%-4.3pp
FTI Consulting logo
FTI ConsultingFCN
10.2%+1.3pp
Jones Lang LaSalle logo
Jones Lang LaSalleJLL
4.4%+0.8pp

Other financials

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%
Enterprise value$5.5B-0.9%
P/E15.7×+1.7×
P/S1.4×-0.1×

Profitability

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Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp
Debt / equity2.5×-1.2×

Where this comes from

Calculated from Lazard’s reported figures.

Based on trailing twelve months.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's operating margin?
Lazard (LAZ) reported operating margin of 11.3% in Q1 2026.
How has Lazard's operating margin changed year-over-year?
Lazard's operating margin decreased by 14.2% year-over-year, from 13.2% to 11.3%.
What is the long-term trend for Lazard's operating margin?
Over 4 years (2020 to 2025), Lazard's operating margin has grown at a -14.3% compound annual growth rate (CAGR), from 19.6% to 10.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.