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Houlihan Lokey HLI Compensation and benefits

Compensation and benefits at other companies

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Segments

By segment

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Corporate Finance$227.4M-3.6%
Financial and Valuation Advisory$188.53M
Financial Restructuring$70.69M-20.8%
Financial Advisory Services$48.53M+14.0%

Other financials

Income statement

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Revenue$635.6M-4.6%
Gross profit$230.7M+15.9%
Operating income$125.1M-11.3%
Net income$99.8M-18.1%
EPS (diluted)$1.48-16.4%

Balance sheet

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Cash & equivalents$1.2B+22.5%
Total debt$492.1M+12.3%
Total assets$4.3B+12.8%

Cash flow

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Operating cash flow$293.0M-18.2%
CapEx$6.3M-56.8%
Free cash flow$286.8M-16.6%

Valuation

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Market cap$8.96B-33.6%
Enterprise value$8.26B-37.2%
P/E21×-12.0×
P/S3.4×-2.0×

Profitability

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Gross margin32.8%+1.4pp
Operating margin20.1%-0.9pp
Net margin16.3%-0.5pp
FCF margin26%-7.8pp

Returns & leverage

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Return on equity9.5%

Where this comes from

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: Houlihan Lokey’s 10-K, filed May 22, 2026.

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053
(In thousands, except share and per share data)Year Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Revenues$2,617,516$2,389,416$1,914,404
Operating expenses:
Employee compensation and benefits1,609,7701,469,4911,177,355
Acquisition related compensation and benefits73,62154,77736,234
Travel, meals, and entertainment72,43164,91765,298
Rent79,81077,88276,079
Depreciation and amortization42,63441,27028,536
Information technology and communications76,17069,40060,168

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's compensation and benefits?
Houlihan Lokey (HLI) reported compensation and benefits of $390.92M in Q1 2026.
How has Houlihan Lokey's compensation and benefits changed year-over-year?
Houlihan Lokey's compensation and benefits decreased by 4.6% year-over-year, from $409.85M to $390.92M.
What is the long-term trend for Houlihan Lokey's compensation and benefits?
Over 4 years (2022 to 2026), Houlihan Lokey's compensation and benefits has grown at a 3.4% compound annual growth rate (CAGR), from $1.41B to $1.61B.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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