Earnings summaries and quarterly performance for HOULIHAN LOKEY.
Executive leadership at HOULIHAN LOKEY.
Board of directors at HOULIHAN LOKEY.
Research analysts who have asked questions during HOULIHAN LOKEY earnings calls.
Brendan O'Brien
Wolfe Research
6 questions for HLI
Also covers: CG, EVR, LAZ +4 more
James Yaro
Goldman Sachs
5 questions for HLI
Also covers: COIN, CRCL, ETOR +11 more
Ryan Kenny
Morgan Stanley
4 questions for HLI
Also covers: C, EVR, LAZ +2 more
AB
Alex Bond
Keefe, Bruyette & Woods (KBW)
3 questions for HLI
Also covers: EVR, LAZ, MC +3 more
Devin Ryan
Citizens JMP
3 questions for HLI
Also covers: AMTD, COIN, CRCL +19 more
BH
Brennan Hawken
UBS Group AG
2 questions for HLI
Also covers: AMP, AMTD, APO +26 more
BH
Brennan Hawkin
Bank of Montreal
2 questions for HLI
Also covers: MS, NTRS, PJT
BK
Brian Kleinhanzl
Citizens Bank
2 questions for HLI
JM
James Mitchell
Seaport Global Holdings LLC
2 questions for HLI
Also covers: BAC, BK, C +9 more
KW
Kenneth Worthington
JPMorgan Chase & Co.
2 questions for HLI
Also covers: APO, ARES, BAM +27 more
Nathan Stein
Deutsche Bank
2 questions for HLI
Also covers: CFG, HBAN, KEY +1 more
AH
Aidan Hall
KBW
1 question for HLI
Also covers: EVR, HLNE, LAZ +5 more
AB
Alexander Bernstein
JPMorgan Chase & Co.
1 question for HLI
Also covers: BN, OWL, PX
AJ
Alex Jenkins
Citizens
1 question for HLI
Also covers: LAZ
BR
Ben Rubin
UBS
1 question for HLI
Also covers: BAM, CNS, EVR +5 more
James Edwin Yaro
Goldman Sachs Group
1 question for HLI
MD
Madeline Daleiden
JPMorgan Chase & Co.
1 question for HLI
MB
Michael Brown
Wells Fargo Securities
1 question for HLI
Also covers: APO, ARES, BAM +18 more
Ryan Michael Kenny
Morgan Stanley
1 question for HLI
Recent press releases and 8-K filings for HLI.
Houlihan Lokey Reports Second Quarter Fiscal 2026 Financial Results
HLI
Earnings
Dividends
- Houlihan Lokey reported revenues of $659 million for the second quarter ended September 30, 2025, compared with $575 million for the second quarter ended September 30, 2024.
- For the second quarter ended September 30, 2025, diluted earnings per share (EPS) was $1.63, and adjusted diluted EPS was $1.84. This compares to diluted EPS of $1.37 and adjusted diluted EPS of $1.46 for the second quarter ended September 30, 2024.
- The company's Board of Directors declared a regular quarterly cash dividend of $0.60 per share for the third quarter fiscal 2026, payable on December 15, 2025.
- Segment revenues for the second quarter ended September 30, 2025, were $438.661 million for Corporate Finance (up 21%), $133.803 million for Financial Restructuring (up 2%), and $86.988 million for Financial and Valuation Advisory (up 10%), all compared to the prior year period.
Oct 30, 2025, 11:06 PM
HLI Highlights Strong Financial Performance and Market Leadership in Q2 2026 Document
HLI
Earnings
M&A
Dividends
- HLI reported $2,389 million in revenues for fiscal year 2025, with an Adjusted Pre-tax Margin of 24.7% and Adjusted Net Income of $434 million. For the six months ended September 30, 2025, revenues were $1,265 million with an Adjusted Pre-tax Margin of 25.9% and Adjusted Net Income of $275 million.
- The company is a market leader in its three business segments, ranking No. 1 globally in M&A deals (415 deals in CY 2024), distressed debt and bankruptcy restructuring deals (88 deals in CY 2024), and M&A fairness opinions (1,243 deals from CY 2000 to CY 2024).
- HLI's business is highly diversified across clients, industries, and geographies, serving 2,000+ clients annually. For FY 2025, no single transaction fee, financial professional, or employee shareholder represented more than 2% of revenues or shares outstanding. The client mix for the LTM ended September 30, 2025, was 54% Financial Sponsors, 27% Private Non-Sponsor, and 19% Public Companies.
- The company demonstrates robust growth through increasing its Managing Director headcount to 339 in 2025 and executing 20 acquisitions over the last 15 years to expand coverage and services.
- HLI is committed to growing its quarterly dividend as the business grows, using excess cash for strategic acquisitions, and returning excess cash to shareholders.
Oct 30, 2025, 9:00 PM
Houlihan Lokey Reports Strong Q2 Fiscal 2026 Results with Double-Digit Revenue and EPS Growth
HLI
Earnings
Revenue Acceleration/Inflection
M&A
- Houlihan Lokey reported Q2 Fiscal Year 2026 revenues of $659 million, a 15% increase year-over-year, with adjusted earnings per share of $1.84, up 26% compared to the same period last year.
- Corporate Finance revenues grew 21% to $439 million, driven by improving M&A markets and the highest number of completed transactions since late 2021. Financial Restructuring revenues increased 2% to $134 million, and Financial and Valuation Advisory revenues rose 10% to $87 million.
- The company has a positive outlook for the second half of fiscal 2026, expecting a strong Q4 for Corporate Finance, departing from typical seasonality, and continues to see strong growth in its capital solutions business. They also highlighted strong performance in their non-U.S. business and a robust acquisition pipeline.
- HLI ended the quarter with approximately $1.1 billion in unrestricted cash and investment securities and repurchased approximately 210,000 shares during the quarter.
Oct 30, 2025, 9:00 PM
Houlihan Lokey Reports Strong Q2 Fiscal 2026 Results with Double-Digit Revenue and EPS Growth
HLI
Earnings
Guidance Update
Share Buyback
- Houlihan Lokey (HLI) reported Q2 Fiscal Year 2026 revenues of $659 million, a 15% increase year-over-year, and adjusted earnings per share of $1.84, up 26% from the prior year.
- The Corporate Finance business saw a 21% revenue increase to $439 million, while Financial Restructuring revenues grew 2% to $134 million, and Financial and Valuation Advisory revenues rose 10% to $87 million.
- The company maintains a positive outlook for the second half of fiscal 2026, expecting continued year-over-year growth, and noted that capital markets are wide open and plentiful, increasing deal-making appetite.
- HLI ended the quarter with approximately $1.1 billion in unrestricted cash and investment securities and repurchased approximately 210,000 shares.
Oct 30, 2025, 9:00 PM
Houlihan Lokey reports Q2 Fiscal 2026 results
HLI
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Houlihan Lokey reported revenues of $659 million and adjusted earnings per share of $1.84 for Q2 Fiscal Year 2026, representing increases of 15% and 26% respectively compared to the prior year.
- Corporate Finance revenues grew 21% to $439 million, Financial Restructuring revenues increased 2% to $134 million, and Financial and Valuation Advisory revenues rose 10% to $87 million in the second quarter.
- The company noted a steady macro-environment, improving M&A markets, and plentiful capital, leading to a positive outlook for the second half of fiscal 2026 with anticipated year-over-year growth.
- HLI ended the quarter with approximately $1.1 billion of unrestricted cash and investment securities and repurchased approximately 210,000 shares during Q2 FY2026.
Oct 30, 2025, 9:00 PM
Houlihan Lokey Amends Credit Agreement, Increasing Debt and Investment Capacities
HLI
Debt Issuance
New Projects/Investments
M&A
- Houlihan Lokey, Inc. executed a Second Amendment to its Credit Agreement on August 19, 2025, with Bank of America, N.A. as the Administrative Agent.
- The amendment raises the aggregate principal amount of indebtedness for acquired targets from $50,000,000 to $100,000,000, with the secured portion rising from $20,000,000 to $50,000,000.
- Investment limits were substantially increased, including for joint ventures (from $5,000,000 to $100,000,000) and investments in non-Loan Party subsidiaries (from $5,000,000 to $50,000,000).
- The maximum amount for advances to officers, directors, and employees also increased from $2,000,000 to $75,000,000.
Aug 21, 2025, 12:00 AM
Houlihan Lokey Reports Q4 2025 Financial & Earnings Growth
HLI
Earnings
Dividends
M&A
Revenue Acceleration/Inflection
- Houlihan Lokey reported record Fiscal Year 2025 revenues of $2.4 billion (up 25%) and Q4 2025 revenues of $666 million (up 28% from last year) .
- The firm achieved a Fiscal 2025 diluted EPS of $5.82 with a Q4 reported EPS of $1.76 and an adjusted Q4 EPS of $1.96, reflecting a 54% YoY increase .
- A 5% dividend increase to $0.60 per share was announced, underlining confidence in the strong quarterly results .
- The Corporate Finance segment delivered $413 million in revenues, up 44% YoY, driven by robust transaction activity and strategic acquisitions .
- Additional growth was supported by significant contributions from Financial Restructuring, FVA, and an expanded, rebranded Capital Solutions business amid evolving market conditions .
May 8, 2025, 12:00 AM
Quarterly earnings call transcripts for HOULIHAN LOKEY.
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