Edwyn
Over the past five years, Lazard, Inc. exhibited notable volatility in its income statement metrics. In 2020, the firm reported revenues of approximately USD 2.65 billion with a strong gross profit and operating income, registering USD 582.77 million and USD 502.14 million respectively, while net income stood at USD 402.46 million. The performance improved in 2021 when revenue surged to roughly USD 3.27 billion and gross profit increased to USD 804.62 million, yielding operating income of USD 723.85 million and a net income rise to USD 528.06 million. However, despite this earlier growth, 2022 saw a decline in revenue to around USD 2.86 billion, with corresponding drops in gross profit (USD 598.37 million), operating income (USD 516.85 million), and net income (USD 357.52 million). The year 2023 marked a significant downturn, with revenue falling further to approximately USD 2.59 billion and gross profit turning negative, leading to an operating loss of USD 79.96 million and a net loss of USD 75.48 million—swings exceeding 20% from prior positive figures. In 2024, there was a partial recovery, as revenue rebounded to nearly USD 3.14 billion, and both operating and net income returned to profitable territory at USD 386.47 million and USD 279.91 million respectively, although the gross profit remained below earlier highs at USD 474.54 million. Overall, while Lazard, Inc. has demonstrated resilience through an ability to recover after downturns, the marked fluctuations signal sensitivity to market conditions and operational influences in its advisory and asset management industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.