LAZARD, INC. (LAZ) Return on equity 2016–2025
LAZARD, INC. (LAZ) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
27.2%FY2025 · since FY2016: 31.4% → 27.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 27.2% | -16.7 pp |
| FY2024 | 44.0% | +61.8 pp |
| FY2023 | -17.8% | -82.1 pp |
| FY2022 | 64.2% | +10.1 pp |
| FY2021 | 54.1% | +10.0 pp |
| FY2020 | 44.1% | -2.8 pp |
| FY2019 | 47.0% | -10.5 pp |
| FY2018 | 57.5% | +36.4 pp |
| FY2017 | 21.1% | -10.2 pp |
| FY2016 | 31.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice