Lazard Ltd (LAZ) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
LAZ's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
LAZ Revenue Analysis (2013–2024)
As of March 2, 2026, Lazard Ltd (LAZ) generated trailing twelve-month (TTM) revenue of $3.05 billion, reflecting slight decline in growth of -3.7% year-over-year. The most recent quarter (Q3 2025) recorded $763.1 million in revenue, down 5.6% sequentially.
Looking at the longer-term picture, LAZ's 5-year compound annual growth rate (CAGR) stands at +3.1%, 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 (61%), and Asset Management (39%). 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 GS, MS, and EVR. Compare LAZ vs GS →
Peer Comparison
Compare LAZ's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LAZCurrent | $3.1B | -3.7% | +3.1% | 12.5% | |
| GS | $126.9B | - | - | 14.5% | |
| MS | $103.1B | - | - | 17.1% | |
| EVR | $3.0B | - | - | 17.8% | |
| NMR | $4.51T | - | - | 10.5% | |
| JEF | $10.8B | - | - | 6.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
| 2015 | $2.40B | - | $1.08B | 45.0% | $-16,620,000 | -0.7% |
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Start ComparisonFrequently Asked Questions
Is LAZ's revenue growth accelerating or slowing?
LAZ revenue growth slowed to -3.7%, below the 5-year CAGR of +3.1%. TTM revenue is $3.1B. The deceleration marks a shift from historical growth rates.
What is LAZ's long-term revenue growth rate?
Lazard Ltd's 5-year revenue CAGR of +3.1% reflects the variable expansion pattern. Current YoY growth of -3.7% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.