The financials
Houlihan Lokey, Inc. by the numbers
Houlihan Lokey, Inc. (HLI) reported revenue of $636M in Q4 2026 (quarter ended March 31, 2026), down 4.6% from the same quarter a year earlier. That came with net income of $100M (16% of revenue). For the full year FY2026, revenue was $2.62B (+9.5% year on year) and net income $426M. Its largest segment in 2025-Q4 was Corporate Finance at $474M, 66% of the disclosed total, just ahead of Financial Restructuring at 22%.
| Income statement | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $636M | $666M | −4.6% |
| Gross profit | n/a | $226M | n/a |
| Operating income | $125M | $141M | −11% |
| Net income | $100M | $122M | −18% |
| Diluted EPS | $1.48 | $1.77 | −16% |
| Operating | Revenue | Share |
|---|---|---|
| Corporate Finance | $474M | 66% |
| Financial Restructuring | $156M | 22% |
| Financial Advisory Services | $87M | 12% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q4 2025Total $717.1M (+8.7%)
Financial Restructuring grew +19% year on yearFinancial Advisory Services +6.4% year on year
Segment Latestquarter on quarteryear on year
- Corporate Finance$473.7M$473.7MQoQ +8.0%year on year +12%+8.0%+12%
- Financial Restructuring$156.3M$156.3MQoQ +17%year on year +19%+17%+19%
- Financial Advisory Services$87.1M$87.1MQoQ +0.16%year on year +6.4%+0.16%+6.4%
Capital Markets
Ranks #28 of 40 by Smart Score