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Lazard LAZ Operating margin

Operating margin at other companies

Houlihan Lokey logo
Houlihan LokeyHLI
20.1%-0.9pp
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
3.4%
Blackrock logo
BlackrockBLK
32.6%-2.2pp
Acadian Asset Management logo
Acadian Asset ManagementAAMI
23.7%-2.4pp
FTI Consulting logo
FTI ConsultingFCN
9.7%+0.9pp
APA
Artisan Partners Asset Management Inc.APAM
33.3%-0.1pp

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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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 operating margin?
Lazard (LAZ) reported operating margin of 9.5% in Q2 2026.
How has Lazard's operating margin changed year-over-year?
Lazard's operating margin decreased by 30.2% year-over-year, from 13.7% to 9.5%.
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.

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