• Lazard average pre-tax profit margin for 2023 was 2.24%, a 89.87% increase from 2022.
• Lazard average pre-tax profit margin for 2022 was 22.11%, a 2.6% decline from 2021.
• Lazard average pre-tax profit margin for 2021 was 21.55%, a 32.21% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.