Financials in USD. Standardized financial statements.
A compact view of how Lazard Ltd turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.19B | $3.09B | $2.55B | $2.83B | $3.27B | $2.64B | $2.65B | $2.87B | $2.69B | $2.38B |
| Revenue Growth? | +3.2% | +21.0% | -9.7% | -13.5% | +23.7% | -0.4% | -7.7% | +6.7% | +13.1% | 0.0% |
| Cost of Revenue? | $2.17B | $2.00B | $1.95B | $1.66B | $1.90B | $1.55B | $1.56B | $1.51B | $1.51B | $1.34B |
| Gross Profit? | $1.01B | $1.08B | $605.13M | $1.17B | $1.37B | $1.09B | $1.09B | $1.36B | $1.18B | $1.04B |
| Gross Margin? | +31.8% | +35.1% | +23.7% | +41.4% | +42.0% | +41.3% | +41.0% | +47.3% | +43.8% | +43.6% |
| Operating Expenses? | $597.78M | $696.62M | $685.09M | $652.34M | $648.56M | $588.28M | $695.08M | $676.21M | $352.37M | $520.43M |
| Operating Income? | $415.32M | $386.47M | -$79.96M | $516.85M | $723.85M | $502.14M | $392.70M | $680.77M | $825.45M | $517.46M |
| EBITDA? | $449.41M | $511.27M | $40.90M | $640.77M | $842.99M | $619.66M | $527.87M | $757.45M | $919.98M | $636.26M |
| Income Before Tax | $327.60M | $386.47M | -$79.96M | $516.85M | $723.85M | $502.14M | $392.70M | $680.77M | $825.45M | $517.46M |
| Income Tax Expense | $76.58M | $99.76M | -$22.65M | $124.36M | $181.30M | $99.45M | $94.98M | $148.32M | $565.60M | $123.77M |
| Net Income? | $236.83M | $279.91M | -$75.48M | $357.52M | $528.06M | $402.46M | $286.50M | $527.13M | $253.58M | $387.70M |
| EPS? | $2.43 | $2.93 | $-0.90 | $3.68 | $4.90 | $3.69 | $2.57 | $4.43 | $2.09 | $3.11 |
| Diluted EPS? | $2.17 | $2.68 | $-0.90 | $3.51 | $4.63 | $3.54 | $2.44 | $4.06 | $1.91 | $2.92 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality