Houlihan Lokey Quarterly Income Statement
NYSE: HLIFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Houlihan Lokey revenue and earnings
In the quarter ended Jun 30, 2026, Houlihan Lokey generated $511.0 million in revenue, down 15.5% from the same quarter a year earlier. Net income was $78.0 million (-20.4% year over year), for a net margin of 15.3% versus a median of 16.3% in the prior 5 quarters. Gross margin was 30.1% (down from 31.1%) and operating margin 15.3%.
Diluted earnings per share came in at $1.15, down from $1.42.
Summary generated from market data by MetaCap's automated system. Methodology
Houlihan Lokey income statement (quarterly)
| Quarter (USD) | Q1 20272026-06-30 | Q4 20262026-03-31 | Q3 20262025-12-31 | Q2 20262025-09-30 | Q1 20262025-06-30 | Q4 20252025-03-31 | Q3 20252024-12-31 | Q2 20252024-09-30 | Q1 20252024-06-30 | Q4 20242024-03-31 | Q2 20242023-12-31 | Q2 20242023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 511.00M | 635.64M | 717.07M | 659.45M | 605.00M | 666.42M | 634.43M | 574.96M | 513.61M | 520.46M | 511.13M | 466.99M |
| Revenue growth (YoY) | -15.54% | -4.62% | +13.03% | +14.70% | +17.79% | +28.05% | +24.12% | +23.12% | +23.51% | +17.02% | +11.97% | -4.61% |
| Gross Profit | 154.00M | — | 230.71M | 222.84M | 188.00M | 226.04M | 199.10M | 189.96M | 157.21M | 157.48M | 150.87M | 142.61M |
| Operating Expenses | 433.00M | 510.50M | 556.34M | 508.11M | 515.00M | 525.37M | 498.33M | 444.29M | 418.87M | 407.39M | 414.59M | 376.71M |
| Operating Income | 78.00M | 125.15M | 160.73M | 151.34M | 90.00M | 141.06M | 136.10M | 130.67M | 94.74M | 113.07M | 96.54M | 90.28M |
| Other Income (Expense) | 8.00M | 9.37M | 8.92M | 8.71M | 8.00M | 9.20M | 9.02M | 5.42M | 5.13M | 4.97M | 6.04M | 3.30M |
| Pretax Income | 86.00M | 134.51M | 169.65M | 160.05M | 98.00M | 150.25M | 145.12M | 136.09M | 99.87M | 118.04M | 102.58M | 93.57M |
| Income Tax | 8.00M | 36.20M | 53.10M | 48.27M | 0 | 28.34M | 49.82M | 42.54M | 10.93M | 36.96M | 31.77M | 26.54M |
| Net Income | 78.00M | 99.83M | 116.55M | 111.78M | 98.00M | 121.92M | 95.30M | 93.55M | 88.94M | 81.08M | 70.80M | 67.03M |
| Net Income growth (YoY) | -20.41% | -18.11% | +22.29% | +19.49% | +10.19% | +50.38% | +34.60% | +39.56% | +44.88% | +35.90% | +12.29% | +10.38% |
| EPS (Basic) | 1.17 | 1.51 | 1.75 | 1.67 | 1.47 | 1.84 | 1.45 | 1.42 | 1.37 | 1.26 | 1.10 | 1.04 |
| EPS (Diluted) | 1.15 | 1.47 | 1.70 | 1.63 | 1.42 | 1.76 | 1.39 | 1.37 | 1.30 | 1.18 | 1.04 | 0.99 |
| Shares Outstanding (Basic) | 66.50M | — | 66.63M | 66.96M | 66.20M | — | 65.83M | 65.82M | 65.03M | — | 64.41M | 64.55M |
| Shares Outstanding (Diluted) | 67.60M | — | 68.43M | 68.59M | 68.90M | — | 68.76M | 68.42M | 68.50M | — | 67.89M | 67.87M |
| EBITDA | 86.00M | 133.19M | 169.03M | 161.63M | 106.00M | 156.47M | 145.66M | 138.11M | 103.60M | 121.33M | 103.20M | 97.36M |
| Gross Margin | 30.14% | — | 32.17% | 33.79% | 31.07% | 33.92% | 31.38% | 33.04% | 30.61% | 30.26% | 29.52% | 30.54% |
| Operating Margin | 15.26% | 19.69% | 22.41% | 22.95% | 14.88% | 21.17% | 21.45% | 22.73% | 18.45% | 21.73% | 18.89% | 19.33% |
| Net Margin | 15.26% | 15.71% | 16.25% | 16.95% | 16.20% | 18.29% | 15.02% | 16.27% | 17.32% | 15.58% | 13.85% | 14.35% |
This table shows 12 quarterly periods of Houlihan Lokey's income statement, from Q1 2027 back to Q2 2024, 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?