Company / Operating Margin
Lazard, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
10.3%
FY2025
5-year range
-3.1% / 22.1%
FY2021-FY2025
Trend
-16.5%
vs FY2024
Sector context
#68 of 88
Financials
What the data says
Lazard, Inc.'s operating margin of 10.3% is lower than 77% of companies in the Financials sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from -3.1% in FY2023 to 30.6% in FY2017.
Based on SEC 10-K filings.
10.3% in FY2025 with a 5-year CAGR of -8.7%.
Improved from -3.1% to 10.3% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -7.8pp
- 5-Year Change
- -8.7pp
- 10-Year Change
- -
Sector benchmark
Bottom 23% in FinancialsTop 77% of 88This company 10.3% Sector average 22.4%
▼
-54.1% below sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 16.5% year-over-year.
- Currently 12.1pp below the Financials sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2023.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.3% | -16.5% |
| FY2024 | 12.3% | +499.2% |
| FY2023 | -3.1% | -117.0% |
| FY2022 | 18.1% | -18.1% |
| FY2021 | 22.1% | +16.5% |
| FY2020 | 19.0% | +28.8% |
| FY2019 | 14.7% | -37.6% |
| FY2018 | 23.6% | -22.9% |
| FY2017 | 30.6% | +40.9% |
| FY2016 | 21.7% | +3241.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026