Lazard Ltd (LAZ) Earnings History
Earnings Pressure22 years of earnings data (2004–2025) · 5-year EPS trend is negative
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Lazard Ltd (LAZ) Earnings Overview
As of July 6, 2026, Lazard Ltd (LAZ) reported trailing twelve-month net income of $277M, reflecting -19.0% year-over-year growth. The company earned $2.60 per diluted share over the past four quarters, with a net profit margin of 7.4%.
Looking at the long-term picture, LAZ's 5-year EPS compound annual growth rate (CAGR) stands at -9.3%, signaling declining earnings. The company achieved its highest annual net income of $986M in fiscal 2015.
Lazard Ltd maintains positive profitability with a gross margin of 31.8%, operating margin of 13.0%, and net margin of 7.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including EVR ($747M net income, 15.3% margin), PJT ($187M net income, 10.5% margin), MC ($221M net income, 15.4% margin), LAZ has room to improve margins relative to the peer group. Compare LAZ vs EVR →
LAZ Earnings vs Peers
Earnings metrics vs comparable public companies
LAZ Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $237M | -15.4% | $415M | $2.17 | 7.4% | 13.0% |
| 2024 | $280M | +470.8% | $386M | $2.68 | 9.1% | 12.5% |
| 2023 | -$75M | -121.1% | -$80M | $-0.90 | -3.0% | -3.1% |
| 2022 | $358M | -32.3% | $517M | $3.51 | 12.7% | 18.3% |
| 2021 | $528M | +31.2% | $724M | $4.63 | 16.2% | 22.1% |
| 2020 | $402M | +40.5% | $502M | $3.54 | 15.2% | 19.0% |
| 2019 | $287M | -45.6% | $393M | $2.44 | 10.8% | 14.8% |
| 2018 | $527M | +107.9% | $681M | $4.06 | 18.4% | 23.7% |
| 2017 | $254M | -34.6% | $825M | $1.91 | 9.4% | 30.7% |
| 2016 | $388M | -60.7% | $517M | $2.92 | 16.3% | 21.8% |
| 2015 | $986M | +130.9% | -$17M | $7.40 | 41.1% | -0.7% |
| 2014 | $427M | +166.7% | $519M | $3.20 | 18.1% | 22.0% |
| 2013 | $160M | +90.0% | $217M | $1.21 | 7.8% | 10.5% |
| 2012 | $84M | -51.8% | $124M | $0.65 | 4.2% | 6.2% |
| 2011 | $175M | -0.0% | $235M | $1.36 | 9.2% | 12.4% |
| 2010 | $175M | +234.3% | $244M | $1.36 | 8.8% | 12.3% |
| 2009 | -$130M | -4250.5% | -$182M | $-1.66 | -8.5% | -11.9% |
| 2008 | $3M | -98.0% | $25M | $0.02 | 0.2% | 1.6% |
| 2007 | $155M | +66.7% | $418M | $2.79 | 8.1% | 21.8% |
| 2006 | $93M | -35.2% | $327M | $2.31 | 6.2% | 21.9% |
| 2005 | $143M | -41.9% | $342M | $3.82 | 11.0% | 26.3% |
| 2004 | $247M | - | $288M | $6.59 | 22.6% | 26.3% |
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LAZ — Frequently Asked Questions
Quick answers to the most common questions about buying LAZ stock.
What is LAZ earnings per share (EPS)?
LAZ trailing twelve-month (TTM) diluted EPS is $2.60, reflecting -19.0% year-over-year growth. The 5-year EPS CAGR is -9.3%. Complete EPS history from 2004 to 2025 is available in the table on this page.
What is Lazard Ltd's net income?
Lazard Ltd (LAZ) trailing twelve-month net income is $277M as of 2025. Earnings declined -19.0% year-over-year. Lazard Ltd has been profitable for 2 consecutive years.
Is LAZ profitable?
Yes, LAZ is profitable with a TTM net income of $277M and a net profit margin of +7.4%. Lazard Ltd has generated profits for 2 consecutive years.
What is LAZ's earnings growth rate?
LAZ compound annual EPS growth rates (CAGR): 1-Year: -19.0%, 3-Year: -14.8%, 5-Year: -9.3%, 10-Year: -11.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2004 to 2025.
What are LAZ's profit margins?
Lazard Ltd net profit margin is +7.4%, operating margin is +13.0%, and gross margin is +31.8%. Margins are within a typical range for the sector. Return on Equity is +27.0%.
Is LAZ growing earnings?
LAZ earnings are declining — EPS fell -19.0% year-over-year. TTM net income dropped to $277M. This contrasts with the 5-year CAGR of -9.3%.
What was LAZ's best earnings year?
Lazard Ltd's highest annual net income on record is $986M, achieved in fiscal year 2015. Earnings history on this page spans 2004 to 2025 and includes all annual and quarterly figures.
What were LAZ's earnings last quarter?
LAZ's most recent reported quarter was Q1 2026. Net income was $101M with diluted EPS of $0.91. For a full breakdown of all quarters, see the quarterly earnings table on this page.