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Houlihan Lokey HLI Q2 2026 earnings

Reported October 30, 2025 · After market close

Revenue$659.5MBeat by $7.7M
EPS$1.84Beat by $0.16
Revenue estimate$651.8M
EPS estimate$1.68

Next report

Oct 29, 2026 (in a month)
Revenue estimate$618.6M
EPS estimate$1.60

Financials

Q2 2026

Income statement

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Revenue$659.5M+14.7%
Gross profit$222.8M+17.3%
Operating income$151.3M+15.8%
Net income$111.8M+19.5%
EPS (diluted)$1.63+19.0%

Balance sheet

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Cash & equivalents$923.6M+33.6%
Total debt$432.9M+0.4%
Total assets$3.8B+18.1%

Cash flow

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Operating cash flow$325.0M+12.4%
CapEx$2.2M-78.7%
Free cash flow$322.8M+15.8%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$14.44B+31.4%
Enterprise value$13.95B+30.1%
P/E33.8×+1.0×
P/S5.6×+0.4×

Profitability

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Gross margin32.6%+1.7pp
Operating margin20.2%-0.3pp
Net margin16.6%+0.9pp
FCF margin30.5%+6.9pp

Segments

By segment

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Corporate Finance$436.2M+14.3%
Financial Restructuring$132.2M-2.9%
Financial Advisory Services$87.0M+9.6%

FAQ

When did Houlihan Lokey report Q2 2026 earnings?
Houlihan Lokey (HLI) reported Q2 2026 earnings on October 30, 2025 after market close.
What were Houlihan Lokey's Q2 2026 revenue and EPS?
Houlihan Lokey reported revenue of $659.5M and eps of $1.84 for Q2 2026.
Did Houlihan Lokey beat estimates in Q2 2026?
Revenue beat the consensus estimate of $651.8M by $7.7M. EPS beat the consensus estimate of $1.68 by $0.16.
How did Houlihan Lokey's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.7% from $575.0M a year earlier and eps grew 26.0% from $1.46.
Where can I find Houlihan Lokey's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001302215-25-000108) and the 10-Q periodic report (0001302215-25-000111) directly on SEC EDGAR. The filing index links above go to sec.gov.