Lazard annual return on equity
2009
2010
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2019
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2021
2022
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2024
2025
Lazard Return on Equity (ROE) Growth & History (LAZ)
Lazard's return on equity was 31.46% for fiscal 2025.
View full Lazard company overviewLazard annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 31.46% | −21.35 pp |
| 2024 | 2024-12-31 | 52.81% | +68.21 pp |
| 2023 | 2023-12-31 | −15.40% | −62.08 pp |
| 2022 | 2022-12-31 | 46.68% | −9.29 pp |
| 2021 | 2021-12-31 | 55.97% | +3.07 pp |
| 2020 | 2020-12-31 | 52.89% | +15.37 pp |
| 2019 | 2019-12-31 | 37.53% | −12.28 pp |
| 2018 | 2018-12-31 | 49.81% | +28.99 pp |
| 2017 | 2017-12-31 | 20.82% | −9.59 pp |
| 2016 | 2016-12-31 | 30.41% | −67.24 pp |
| 2015 | 2015-12-31 | 97.65% | +30.20 pp |
| 2014 | 2014-12-31 | 67.45% | +39.09 pp |
| 2013 | 2013-12-31 | 28.36% | +15.35 pp |
| 2012 | 2012-12-31 | 13.01% | −12.36 pp |
| 2011 | 2011-12-31 | 25.38% | −9.35 pp |
| 2010 | 2010-12-31 | 34.73% | +73.77 pp |
| 2009 | 2009-12-31 | −39.04% | — |
Lazard quarterly return on equity
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Q1.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 11.53% | +1.79 pp |
| Q4 2025 | 2025-12-31 | 5.83% | −7.86 pp |
| Q3 2025 | 2025-09-30 | 9.00% | −10.93 pp |
| Q2 2025 | 2025-06-30 | 8.23% | −3.49 pp |
| Q1 2025 | 2025-03-31 | 9.74% | +0.99 pp |
| Q4 2024 | 2024-12-31 | 13.69% | −2.50 pp |
| Q3 2024 | 2024-09-30 | 19.93% | +17.95 pp |
| Q2 2024 | 2024-06-30 | 11.72% | +42.29 pp |
| Q1 2024 | 2024-03-31 | 8.76% | +13.16 pp |
| Q4 2023 | 2023-12-31 | 16.19% | +8.61 pp |
| Q3 2023 | 2023-09-30 | 1.98% | −14.60 pp |
| Q2 2023 | 2023-06-30 | −30.57% | −42.77 pp |
| Q1 2023 | 2023-03-31 | −4.40% | −16.88 pp |
| Q4 2022 | 2022-12-31 | 7.58% | −15.12 pp |
| Q3 2022 | 2022-09-30 | 16.58% | +4.00 pp |
| Q2 2022 | 2022-06-30 | 12.20% | −3.28 pp |
| Q1 2022 | 2022-03-31 | 12.48% | +2.07 pp |
| Q4 2021 | 2021-12-31 | 22.71% | −0.95 pp |
| Q3 2021 | 2021-09-30 | 12.58% | +0.98 pp |
| Q2 2021 | 2021-06-30 | 15.48% | +1.96 pp |
| Q1 2021 | 2021-03-31 | 10.41% | −1.27 pp |
| Q4 2020 | 2020-12-31 | 23.65% | +11.07 pp |
| Q3 2020 | 2020-09-30 | 11.60% | +4.02 pp |
| Q2 2020 | 2020-06-30 | 13.52% | +3.55 pp |
| Q1 2020 | 2020-03-31 | 11.68% | −0.32 pp |
| Q4 2019 | 2019-12-31 | 12.58% | +1.15 pp |
| Q3 2019 | 2019-09-30 | 7.58% | −2.51 pp |
| Q2 2019 | 2019-06-30 | 9.97% | −4.36 pp |
| Q1 2019 | 2019-03-31 | 11.99% | −2.55 pp |
| Q4 2018 | 2018-12-31 | 11.43% | +18.10 pp |
| Q3 2018 | 2018-09-30 | 10.09% | +1.53 pp |
| Q2 2018 | 2018-06-30 | 14.33% | +4.28 pp |
| Q1 2018 | 2018-03-31 | 14.54% | +5.54 pp |
| Q4 2017 | 2017-12-31 | −6.66% | −16.99 pp |
| Q3 2017 | 2017-09-30 | 8.56% | −0.86 pp |
| Q2 2017 | 2017-06-30 | 10.05% | +3.10 pp |
| Q1 2017 | 2017-03-31 | 9.00% | +3.61 pp |
| Q4 2016 | 2016-12-31 | 10.32% | −2.46 pp |
| Q3 2016 | 2016-09-30 | 9.42% | −31.15 pp |
| Q2 2016 | 2016-06-30 | 6.95% | −51.35 pp |
| Q1 2016 | 2016-03-31 | 5.39% | −4.09 pp |
| Q4 2015 | 2015-12-31 | 12.79% | −14.16 pp |
| Q3 2015 | 2015-09-30 | 40.56% | +24.00 pp |
| Q2 2015 | 2015-06-30 | 58.31% | +41.02 pp |
| Q1 2015 | 2015-03-31 | 9.48% | −5.97 pp |
| Q4 2014 | 2014-12-31 | 26.95% | +17.64 pp |
| Q3 2014 | 2014-09-30 | 16.57% | +5.62 pp |
| Q2 2014 | 2014-06-30 | 17.28% | +11.10 pp |
| Q1 2014 | 2014-03-31 | 15.46% | +12.58 pp |
| Q4 2013 | 2013-12-31 | 9.31% | +10.15 pp |
| Q3 2013 | 2013-09-30 | 10.95% | +6.33 pp |
| Q2 2013 | 2013-06-30 | 6.18% | — |
| Q1 2013 | 2013-03-31 | 2.88% | — |
| Q4 2012 | 2012-12-31 | −0.84% | −0.20 pp |
| Q3 2012 | 2012-09-30 | 4.63% | −3.83 pp |
| Q4 2011 | 2011-12-31 | −0.64% | −18.14 pp |
| Q3 2011 | 2011-09-30 | 8.45% | −5.49 pp |
| Q2 2011 | 2011-06-30 | 8.83% | −2.51 pp |
| Q1 2011 | 2011-03-31 | 8.17% | — |
| Q4 2010 | 2010-12-31 | 17.50% | — |
| Q3 2010 | 2010-09-30 | 13.95% | — |
| Q2 2010 | 2010-06-30 | 11.34% | — |
Lazard return on equity trends
Over the last five fiscal years, Lazard's return on equity decreased from 52.89% to 31.46%, a change of −21.43 percentage points. The latest reported quarter, Q1 2026, shows 11.53%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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