HOULIHAN LOKEY, INC.HLIEarnings & Financial Report
Houlihan Lokey, Inc. is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital solutions, restructuring and distressed M&A, fairness opinions, and financial and valuation advisory. A...
HLI Q3 2026 Key Financial Metrics
Revenue
$717.1M
Gross Profit
$230.7M
Operating Profit
$160.7M
Net Profit
$116.5M
Gross Margin
32.2%
Operating Margin
22.4%
Net Margin
16.3%
YoY Growth
13.0%
EPS
$1.70
Financial Flow
HOULIHAN LOKEY, INC. Q3 2026 Financial Summary
HOULIHAN LOKEY, INC. reported revenue of $717.1M (up 13.0% YoY) for Q3 2026, with a net profit of $116.5M (up 22.3% YoY) (16.3% margin). Cost of goods sold was $486.4M, operating expenses totaled $70.0M.
Key Financial Metrics
| Total Revenue | $717.1M |
|---|---|
| Net Profit | $116.5M |
| Gross Margin | 32.2% |
| Operating Margin | 22.4% |
| Report Period | Q3 2026 |
Revenue Breakdown
HOULIHAN LOKEY, INC. Q3 2026 revenue of $717.1M breaks down across 3 segments, led by Corporate Finance at $473.7M (66.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Corporate Finance | $473.7M | 66.1% |
| Financial Restructuring | $156.3M | 21.8% |
| Financial Advisory Services | $87.1M | 12.2% |
HOULIHAN LOKEY, INC. Revenue by Segment — Quarterly Trend
HOULIHAN LOKEY, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Corporate Finance and Financial Restructuring) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Corporate Finance | $473.7M | $438.7M | $398.5M | $412.7M |
| Financial Restructuring | $156.3M | $133.8M | $128.2M | $164.5M |
| Financial Advisory Services | $87.1M | $87.0M | $78.6M | $89.2M |
HOULIHAN LOKEY, INC. Annual Revenue by Year
HOULIHAN LOKEY, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B). Click any linked year to see what changed vs the prior annual report.
HOULIHAN LOKEY, INC. Quarterly Revenue & Net Profit History
HOULIHAN LOKEY, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $717.1M | +13.0% | $116.5M | 16.3% |
| Q2 2026 | $659.5M | +14.7% | $111.8M | 17.0% |
| Q1 2026 | $605.3M | +17.9% | $97.5M | 16.1% |
| Q4 2025 | $666.4M | +28.0% | $121.9M | 18.3% |
| Q3 2025 | $634.4M | +24.1% | $95.3M | 15.0% |
| Q2 2025 | $575.0M | +23.1% | $93.5M | 16.3% |
| Q1 2025 | $513.6M | +23.5% | $88.9M | 17.3% |
| Q4 2024 | $520.5M | +17.0% | $81.1M | 15.6% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $520.5M | $513.6M | $575.0M | $634.4M | $666.4M | $605.3M | $659.5M | $717.1M |
| YoY Growth | 17.0% | 23.5% | 23.1% | 24.1% | 28.0% | 17.9% | 14.7% | 13.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.17B | $2.94B | $3.21B | $3.48B | $3.82B | $3.52B | $3.79B | $3.94B |
| Liabilities | $1.33B | $1.11B | $1.26B | $1.40B | $1.64B | $1.34B | $1.55B | $1.64B |
| Equity | $1.84B | $1.83B | $1.96B | $2.08B | $2.17B | $2.18B | $2.25B | $2.29B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $225.3M | $-64.5M | $289.2M | $265.5M | $358.4M | $-131.6M | $325.0M | $217.7M |