Lazard Ltd (LAZ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 279.69M | 203.6M | 264.89M | 288.75M | 227.23M | 290.32M | 327M | 242.58M | 223.19M | 232.18M | 167.02M | 79.14M | 99.34M | 241.53M | 317.35M | 292.77M | 317.54M | 451.43M | 316.9M | 327.07M |
| Gross Margin % | 36.25% | 21.91% | 34.71% | 35.74% | 34.56% | 35.2% | 41.27% | 34.9% | 28.84% | 28.35% | 31.42% | 12.15% | 18.08% | 33.72% | 42.98% | 44.59% | 44.45% | 44.64% | 43.03% | 38.84% |
| Gross Profit Growth % | 23.09% | -29.87% | -18.99% | 19.03% | 1.81% | 25.04% | 95.78% | 206.51% | 124.68% | -3.87% | -47.37% | -72.97% | -68.72% | -46.5% | 0.14% | -10.49% | 14.63% | 21.11% | 30.77% | 36.64% |
| Operating Expenses | 175.11M | 95.99M | 169.96M | 195.66M | 172.6M | 183.24M | 165.82M | 178.94M | 168.63M | 160.28M | 171.88M | 189.21M | 136.26M | 168.39M | 159.2M | 166.93M | 157.81M | 183.09M | 161.94M | 160.81M |
| OpEx % of Revenue | 22.7% | 10.33% | 22.27% | 24.22% | 26.25% | 22.22% | 20.93% | 25.74% | 21.79% | 19.57% | 32.33% | 29.05% | 24.81% | 23.51% | 21.56% | 25.42% | 22.09% | 18.11% | 21.99% | 19.1% |
| Selling, General & Admin | 114.28M | 35.08M | 111.33M | 117.94M | 108.53M | 112.25M | 103.57M | 108.37M | 102.48M | 83.82M | 102.2M | 111.75M | 105.44M | 103.49M | 93.1M | 97.18M | 91.09M | 111.1M | 91.77M | 90.5M |
| SG&A % of Revenue | 14.81% | 3.77% | 14.59% | 14.6% | 16.51% | 13.61% | 13.07% | 15.59% | 13.24% | 10.24% | 19.22% | 17.16% | 19.19% | 14.45% | 12.61% | 14.8% | 12.75% | 10.99% | 12.46% | 10.75% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 104.58M | 107.64M | 94.93M | 93.08M | 54.63M | 107.08M | 161.19M | 63.64M | 54.56M | 71.9M | -4.86M | -110.07M | -36.92M | 73.14M | 158.14M | 125.84M | 159.73M | 268.34M | 154.96M | 166.26M |
| Operating Margin % | 13.55% | 11.58% | 12.44% | 11.52% | 8.31% | 12.98% | 20.34% | 9.16% | 7.05% | 8.78% | -0.91% | -16.9% | -6.72% | 10.21% | 21.42% | 19.17% | 22.36% | 26.54% | 21.04% | 19.75% |
| Operating Income Growth % | 91.41% | 0.51% | -41.11% | 46.26% | 0.14% | 48.94% | 3418.65% | 157.82% | 247.77% | -1.7% | -103.07% | -187.47% | -123.12% | -72.74% | 2.05% | -24.31% | 18.94% | 23.37% | 48.03% | 73.43% |
| EBITDA | 112.4M | 116.28M | 103.41M | 101.71M | 63.08M | 116.08M | 170.21M | 72.84M | 63.71M | 82.67M | 5.76M | -82.11M | -10.58M | 83.6M | 169.01M | 136.64M | 170M | 278.35M | 164.35M | 175.85M |
| EBITDA Margin % | 14.57% | 12.51% | 13.55% | 12.59% | 9.59% | 14.07% | 21.48% | 10.48% | 8.23% | 10.1% | 1.08% | -12.61% | -1.93% | 11.67% | 22.89% | 20.81% | 23.8% | 27.53% | 22.31% | 20.89% |
| EBITDA Growth % | 78.19% | 0.17% | -39.24% | 39.63% | -0.99% | 40.42% | 2857% | 188.71% | 702.34% | -1.11% | -96.59% | -160.09% | -106.22% | -69.97% | 2.83% | -22.3% | 18.33% | 22.45% | 44.75% | 68.04% |
| D&A (Non-Cash Add-back) | 7.82M | 8.64M | 8.48M | 8.63M | 8.44M | 9M | 9.02M | 9.2M | 9.15M | 10.77M | 10.61M | 27.96M | 26.35M | 10.46M | 10.87M | 10.8M | 10.27M | 10.02M | 9.39M | 9.59M |
| EBIT | 112.39M | 107.61M | 117.62M | 114.24M | 75.75M | 129.23M | 183.79M | 86.33M | 75.34M | 91.64M | 14.39M | -89.84M | -18.48M | 92.61M | 177.83M | 146.95M | 181.64M | 288.82M | 175.34M | 186.39M |
| Net Interest Income | -15.01M | -12.69M | -15.03M | -11.96M | -9.45M | -7.88M | -7.54M | -9.79M | -9.26M | -12.82M | -7.71M | -8.26M | -6.87M | -3.98M | -11.54M | -17.05M | -19.49M | -18.82M | -19.1M | -18.85M |
| Interest Income | 7.81M | 9.96M | 7.66M | 9.21M | 11.66M | 14.27M | 15.01M | 12.85M | 11.47M | 6.93M | 11.54M | 10.95M | 12.61M | 15.49M | 8.15M | 4.06M | 1.76M | 1.64M | 1.28M | 1.28M |
| Interest Expense | 22.82M | 22.66M | 22.69M | 21.16M | 21.11M | 22.15M | 22.55M | 22.64M | 20.73M | 19.74M | 19.25M | 19.2M | 19.48M | 19.47M | 19.69M | 21.11M | 21.25M | 20.47M | 20.38M | 20.13M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 89.57M | 84.95M | 94.93M | 93.08M | 54.63M | 107.08M | 161.19M | 63.64M | 54.56M | 71.9M | -4.86M | -110.07M | -36.92M | 73.14M | 158.14M | 125.84M | 159.73M | 268.34M | 154.96M | 166.26M |
| Pretax Margin % | 11.61% | 9.14% | 12.44% | 11.52% | 8.31% | 12.98% | 20.34% | 9.16% | 7.05% | 8.78% | -0.91% | -16.9% | -6.72% | 10.21% | 21.42% | 19.17% | 22.36% | 26.54% | 21.04% | 19.75% |
| Income Tax | -10.99M | 30.74M | 21.43M | 31.76M | -7.35M | 28.79M | 45.05M | 11.59M | 14.34M | 403K | -11.63M | 10.3M | -21.73M | 16.07M | 35.35M | 34.19M | 38.75M | 57.05M | 39.45M | 41.34M |
| Effective Tax Rate % | -12.27% | 36.18% | 22.57% | 34.13% | -13.46% | 26.88% | 27.95% | 18.21% | 26.28% | 0.56% | 239.47% | -9.36% | 58.84% | 21.98% | 22.35% | 27.17% | 24.26% | 21.26% | 25.46% | 24.87% |
| Net Income | 100.92M | 49.86M | 71.25M | 55.35M | 60.38M | 86.31M | 107.94M | 49.91M | 35.76M | 63.57M | 7.14M | -124.01M | -22.17M | 42.36M | 105.8M | 95.48M | 113.88M | 210.38M | 107.21M | 123.18M |
| Net Margin % | 13.08% | 5.37% | 9.34% | 6.85% | 9.18% | 10.47% | 13.62% | 7.18% | 4.62% | 7.76% | 1.34% | -19.04% | -4.04% | 5.91% | 14.33% | 14.54% | 15.94% | 20.8% | 14.56% | 14.63% |
| Net Income Growth % | 67.15% | -42.23% | -33.99% | 10.89% | 68.86% | 35.78% | 1411.95% | 140.25% | 261.26% | 50.05% | -93.25% | -229.88% | -119.47% | -79.86% | -1.32% | -22.49% | 30.44% | 10.79% | 42.77% | 67.68% |
| Net Income (Continuing) | 100.56M | 54.21M | 73.5M | 61.32M | 61.99M | 78.3M | 116.14M | 52.05M | 40.22M | 71.49M | 6.77M | -120.38M | -15.2M | 57.06M | 122.79M | 91.65M | 120.97M | 211.29M | 115.51M | 124.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 72.58M | 115.47M | 115.62M | 128.46M | 129.34M | 128.54M | 140.18M | 136.47M | 144.29M | 146.1M | 140.02M | 139.49M | 146.46M | 702.41M | 695.18M | 687M | 694.8M | 677.74M | 674.91M | 679.97M |
| EPS (Diluted) | 0.91 | 0.45 | 0.67 | 0.52 | 0.56 | 0.80 | 1.02 | 0.49 | 0.35 | 0.65 | 0.06 | -1.41 | -0.27 | 0.44 | 1.06 | 0.92 | 1.05 | 1.86 | 0.94 | 1.08 |
| EPS Growth % | 62.5% | -43.75% | -34.31% | 6.12% | 60% | 23.08% | 1474.07% | 134.75% | 229.63% | 47.73% | -93.89% | -253.26% | -125.71% | -76.34% | 12.77% | -14.81% | 40% | 13.41% | 42.42% | 63.64% |
| EPS (Basic) | 1.01 | 0.50 | 0.73 | 0.56 | 0.61 | 0.89 | 1.13 | 0.53 | 0.38 | 0.69 | 0.07 | -1.41 | -0.27 | 0.47 | 1.11 | 0.96 | 1.09 | 1.97 | 1.00 | 1.14 |
| Diluted Shares Outstanding | 106.79M | 107.61M | 105.91M | 104.91M | 104.83M | 106.11M | 103.47M | 100.63M | 99.35M | 94.99M | 94.31M | 88.73M | 87.59M | 94.19M | 98.86M | 102.75M | 108.19M | 112.28M | 112.99M | 113.6M |
| Basic Shares Outstanding | 99.46M | 99.01M | 96.97M | 97.53M | 95.25M | 94.78M | 93.63M | 92.89M | 91.26M | 90.23M | 89.43M | 88.73M | 87.59M | 88.17M | 98.27M | 98.66M | 107.11M | 104.69M | 105.42M | 106.75M |
| Dividend Payout Ratio | 46.53% | 95.01% | 66.22% | 85.05% | 74.45% | 52.36% | 41.78% | 90.2% | 122.26% | 68.76% | 608.52% | - | - | 101.42% | 43.7% | 48.19% | 40.98% | 22.98% | 45.36% | 40.2% |