Lazard Ltd (LAZ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LAZ Revenue Growth
Revenue Breakdown (FY 2025)
LAZ's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LAZ Revenue Analysis (2014–2025)
As of May 6, 2026, Lazard Ltd (LAZ) generated trailing twelve-month (TTM) revenue of $3.16 billion, reflecting strong growth of +12.7% year-over-year. The most recent quarter (Q4 2025) recorded $929.4 million in revenue, up 21.8% sequentially.
Looking at the longer-term picture, LAZ's 5-year compound annual growth rate (CAGR) stands at +3.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $3.27 billion in 2021.
Revenue diversification analysis shows LAZ's business is primarily driven by Financial Advisory Fees (60%), and Asset Management (40%). With over half of revenue concentrated in Financial Advisory Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including EVR, PJT, and MC. Compare LAZ vs EVR →
LAZ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LAZCurrent | $3.2B | +12.7% | +3.8% | 13.0% | |
 EVR | $3.9B | - | - | 20.5% | |
 PJT | $1.7B | - | - | 21.2% | |
 MC | $1.5B | - | - | 18.1% | |
 HLI | $2.4B | - | - | 21.0% | |
 PWP | $751M | - | - | 6.4% |
LAZ Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.19B | - | $1.01B | 31.8% | $415.3M | 13.0% |
| 2024 | $3.09B | - | $1.08B | 35.1% | $386.5M | 12.5% |
| 2023 | $2.55B | - | $605.1M | 23.7% | $-79,957,000 | -3.1% |
| 2022 | $2.83B | - | $1.17B | 41.4% | $516.8M | 18.3% |
| 2021 | $3.27B | - | $1.37B | 42.0% | $723.8M | 22.1% |
| 2020 | $2.64B | - | $1.09B | 41.3% | $502.1M | 19.0% |
| 2019 | $2.65B | - | $1.09B | 41.0% | $392.7M | 14.8% |
| 2018 | $2.87B | - | $1.36B | 47.3% | $680.8M | 23.7% |
| 2017 | $2.69B | - | $1.18B | 43.8% | $825.4M | 30.7% |
| 2016 | $2.38B | - | $1.04B | 43.6% | $517.5M | 21.8% |
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Start ComparisonLAZ — Frequently Asked Questions
Quick answers to the most common questions about buying LAZ stock.
Is LAZ's revenue growth accelerating or slowing?
LAZ maintains +12.7% revenue growth, in line with its 5-year CAGR of +3.8%. TTM revenue stands at $3.2B. Growth rate remains consistent with historical average.
What is LAZ's long-term revenue growth rate?
Lazard Ltd's 5-year revenue CAGR of +3.8% reflects the sustained expansion pattern. Current YoY growth of +12.7% is near this long-term average.
How is LAZ's revenue distributed by segment?
LAZ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.