LAZ
Lazard Ltd
NYSE: LAZ · FINANCIAL SERVICES · CAPITAL MARKETS
$47.48
-2.12% today
Updated 2026-04-29
Market cap
$4.46B
P/E ratio
21.88
P/S ratio
1.44x
EPS (TTM)
$2.17
Dividend yield
4.12%
52W range
$39 – $59
Volume
1.5M
Lazard Ltd (LAZ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.92B | $1.56B | $1.53B | $1.98B | $1.91B | $1.99B | $2.06B | $2.36B | $2.40B | $2.38B | $2.69B | $2.87B | $2.65B | $2.64B | $3.27B | $2.83B | $2.55B | $3.09B | $3.19B |
| Revenue growth (YoY) | — | +28.4% | -18.8% | -1.7% | +29.5% | -3.9% | +4.4% | +3.6% | +14.4% | +1.8% | -0.9% | +13.1% | +6.7% | -7.7% | -0.4% | +23.7% | -13.5% | -9.7% | +21.0% | +3.2% |
| Cost of revenue | $979.36M | $1.28B | $1.28B | $1.45B | $1.19B | $1.17B | $1.35B | $1.28B | $1.31B | $1.32B | $1.34B | $1.51B | $1.51B | $1.56B | $1.55B | $1.90B | $1.66B | $1.95B | $2.00B | $2.17B |
| Gross profit | $514.20M | $633.49M | $273.96M | $83.27M | $787.94M | $736.08M | $636.88M | $781.49M | $1.04B | $1.08B | $1.04B | $1.18B | $1.36B | $1.09B | $1.09B | $1.37B | $1.17B | $605.13M | $1.08B | $1.01B |
| Gross margin | 34.4% | 33.0% | 17.6% | 5.4% | 39.8% | 38.6% | 32.0% | 37.9% | 44.3% | 45.0% | 43.6% | 43.8% | 47.3% | 41.0% | 41.3% | 42.0% | 41.4% | 23.7% | 35.1% | 31.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $891.42M | $1.25B | $1.28B | $1.45B | $179.40M | $201.81M | $208.51M | $224.89M | $223.55M | $220.76M | $218.24M | $244.08M | $315.42M | $309.05M | $297.06M | $336.24M | $301.76M | $331.30M | $327.22M | $461.24M |
| Operating income | $327.21M | $418.30M | $25.14M | $-182.23M | $243.65M | $235.50M | $123.89M | $216.81M | $519.47M | $-16.62M | $517.46M | $825.45M | $680.77M | $392.70M | $502.14M | $723.85M | $516.85M | $-79.96M | $386.47M | $415.32M |
| Operating margin | 21.9% | 21.8% | 1.6% | -11.9% | 12.3% | 12.4% | 6.2% | 10.5% | 22.0% | -0.7% | 21.8% | 30.7% | 23.7% | 14.8% | 19.0% | 22.1% | 18.3% | -3.1% | 12.5% | 13.0% |
| EBITDA | $347.45M | $593.66M | $190.46M | $-46.81M | $371.94M | $362.12M | $244.66M | $341.05M | $622.89M | $73.14M | $636.26M | $919.98M | $757.45M | $527.87M | $619.66M | $842.99M | $640.77M | $40.90M | $511.27M | $449.41M |
| EBITDA margin | 23.3% | 31.0% | 12.2% | -3.1% | 18.8% | 19.0% | 12.3% | 16.6% | 26.4% | 3.0% | 26.8% | 34.2% | 26.4% | 19.9% | 23.5% | 25.8% | 22.7% | 1.6% | 16.6% | 14.1% |
| EBIT | $333.17M | $555.40M | $165.04M | $-74.34M | $341.36M | $325.63M | $205.45M | $296.19M | $582.03M | $34.54M | $567.75M | $878.96M | $720.32M | $490.05M | $582.77M | $804.62M | $598.43M | $-2.28M | $474.75M | $415.22M |
| Interest expense | $104.25M | $137.11M | $139.90M | $107.89M | $97.71M | $90.13M | $81.56M | $79.38M | $62.57M | $51.16M | $50.29M | $53.52M | $58.48M | $80.19M | $80.63M | $80.77M | $81.52M | $77.67M | $88.07M | $87.62M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $92.98M | $155.04M | $3.14M | $-130.24M | $174.98M | $174.92M | $84.31M | $160.21M | $427.28M | $986.37M | $387.70M | $253.58M | $527.13M | $286.50M | $402.46M | $528.06M | $357.52M | $-75.48M | $279.91M | $236.83M |
| Net income growth (YoY) | — | +66.7% | -98.0% | -4250.5% | +234.3% | -0.0% | -51.8% | +90.0% | +166.7% | +130.9% | -60.7% | -34.6% | +107.9% | -45.6% | +40.5% | +31.2% | -32.3% | -121.1% | +470.8% | -15.4% |
| Profit margin | 6.2% | 8.1% | 0.2% | -8.5% | 8.8% | 9.2% | 4.2% | 7.8% | 18.1% | 41.1% | 16.3% | 9.4% | 18.4% | 10.8% | 15.2% | 16.2% | 12.7% | -3.0% | 9.1% | 7.4% |