Houlihan Lokey Financial Statements
NYSE: HLIFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Houlihan Lokey revenue and earnings
In fiscal 2026, Houlihan Lokey generated $2.62 billion in revenue, up 9.5% from fiscal 2025, its 3rd consecutive year of revenue growth. Net income was $425.7 million (+6.5% year over year), for a net margin of 16.3% versus a median of 16.7% in the prior 5 years. Operating margin was 20.1%.
Diluted earnings per share came in at $6.22, up from $5.82. Over the last 5 fiscal years, HLI's revenue has grown at a 11.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Houlihan Lokey income statement (annual)
| Fiscal year (USD) | FY 20262026-03-31 | FY 20252025-03-31 | FY 20242024-03-31 | FY 20232023-03-31 | FY 20222022-03-31 | FY 20212021-03-31 | FY 20202020-03-31 | FY 20192019-03-31 | FY 20182018-03-31 | FY 20172017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.62B | 2.39B | 1.91B | 1.81B | 2.27B | 1.53B | 1.16B | 1.08B | 963.36M | 872.09M |
| Revenue growth (YoY) | +9.55% | +24.81% | +5.80% | -20.29% | +48.81% | +31.58% | +6.91% | +12.56% | +10.47% | — |
| Gross Profit | — | 772.31M | 571.07M | 557.08M | 795.29M | 521.37M | 322.55M | 305.99M | 277.60M | 241.47M |
| Operating Expenses | 2.09B | 1.89B | 1.54B | 1.47B | 1.66B | 1.12B | 929.77M | 865.29M | 748.95M | 690.10M |
| Operating Income | 527.02M | 502.57M | 373.23M | 341.74M | 612.86M | 408.16M | 229.60M | 219.10M | 214.41M | 182.00M |
| Other Income (Expense) | 35.25M | 28.77M | 17.30M | -17.74M | -8.93M | 1.07M | 6.05M | 5.22M | 3.42M | -3.51M |
| Pretax Income | 562.26M | 531.34M | 390.54M | 324.00M | 603.94M | 409.23M | 235.65M | 224.32M | 217.84M | 178.49M |
| Income Tax | 138.09M | 131.62M | 110.24M | 69.78M | 165.61M | 96.46M | 51.85M | 65.21M | 45.55M | 70.14M |
| Net Income | 425.70M | 399.71M | 280.30M | 254.22M | 437.75M | 312.77M | 183.79M | 159.11M | 172.28M | 108.34M |
| Net Income growth (YoY) | +6.50% | +42.60% | +10.26% | -41.93% | +39.96% | +70.18% | +15.52% | -7.65% | +59.02% | +55.35% |
| EPS (Basic) | 6.40 | 6.08 | 4.36 | 4.01 | 6.74 | 4.75 | 2.96 | 2.56 | 2.76 | 1.77 |
| EPS (Diluted) | 6.22 | 5.82 | 4.11 | 3.76 | 6.41 | 4.55 | 2.80 | 2.42 | 2.60 | 1.63 |
| Shares Outstanding (Basic) | 66.55M | 65.72M | 64.34M | 63.36M | 64.97M | 65.79M | 62.15M | 62.21M | 62.49M | 61.10M |
| Shares Outstanding (Diluted) | 68.43M | 68.66M | 68.16M | 67.59M | 68.26M | 68.67M | 65.73M | 65.85M | 66.32M | 66.58M |
| EBITDA | 569.65M | 543.84M | 401.77M | 399.96M | 661.40M | 423.38M | 246.89M | 233.57M | 222.32M | 190.85M |
| Gross Margin | — | 32.32% | 29.83% | 30.79% | 35.04% | 34.18% | 27.82% | 28.22% | 28.82% | 27.69% |
| Operating Margin | 20.13% | 21.03% | 19.50% | 18.89% | 27.00% | 26.76% | 19.80% | 20.20% | 22.26% | 20.87% |
| Net Margin | 16.26% | 16.73% | 14.64% | 14.05% | 19.28% | 20.50% | 15.85% | 14.67% | 17.88% | 12.42% |
This table shows 10 annual periods of Houlihan Lokey's income statement, from FY 2026 back to FY 2017, across 16 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow HLI's reporting calendar. What is a income statement?