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Houlihan Lokey HLI International — Revenue

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Line itemYear Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Revenues by geography:
United States$1,775,335$1,702,163$1,344,305
International842,181687,253570,099
Revenues$2,617,516$2,389,416$1,914,404

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's international — revenue?
Houlihan Lokey (HLI) reported international — revenue of $210.55M in Q1 2026.
How has Houlihan Lokey's international — revenue changed year-over-year?
Houlihan Lokey's international — revenue increased by 22.5% year-over-year, from $171.81M to $210.55M.
What is the long-term trend for Houlihan Lokey's international — revenue?
Over 4 years (2022 to 2026), Houlihan Lokey's international — revenue has grown at a 9.8% compound annual growth rate (CAGR), from $579.25M to $842.18M.
What does international — revenue mean?
This metric represents the total gross revenue generated by the company's operations outside of its primary domestic market. It reflects the firm's ability to capture market share and provide advisory services across diverse global jurisdictions. Growth in this metric indicates successful international expansion and the effectiveness of the firm's global footprint in attracting cross-border mandates.

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