What is Houlihan Lokey's revenue?

Houlihan Lokey (HLI) generated $2.6B in revenue over the trailing twelve months, up 9.6% year over year.

Is Houlihan Lokey profitable?

Houlihan Lokey reported $425.7M in net income over the trailing twelve months, a 16.3% net margin.

What are Houlihan Lokey's profit margins?

Gross margin is 32.8% and operating margin is 20.1%, with a 16.3% net margin.

What is Houlihan Lokey's earnings per share?

Houlihan Lokey's diluted EPS over the trailing twelve months is $6.23.

Where does Houlihan Lokey's income statement data come from?

Every line is extracted from Houlihan Lokey's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Houlihan Lokey HLI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q4 '26	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25
Total revenue	$2.62B-1.2%	$2.65B+3.2%	$2.57B+3.4%	$2.48B+3.8%	$2.39B+6.5%
Gross profit	——	$867.34M+3.8%	$835.73M+4.1%	$802.85M+4.0%	$772.31M+9.7%
Compensation and benefits	$1.61B-1.2%	$1.63B+3.2%	$1.58B+3.4%	$1.53B+3.8%	$1.47B+6.5%
Occupancy and equipment	$79.81M+4.1%	$76.67M-3.4%	$79.4M+3.4%	$76.83M-1.4%	$77.88M+0.7%
Professional fees	$45.14M+0.2%	$45.04M0.0%	$45.04M+1.5%	$44.4M+7.8%	$41.2M-5.7%
Depreciation and amortization	$42.63M-14.7%	$50M-2.5%	$51.26M+5.9%	$48.4M+17.3%	$41.27M+20.9%
Provision for credit losses	——	$12.28M+27.4%	$9.65M+9.0%	$8.85M-4.4%	$9.26M—
Acquisition and integration costs	$73.62M-3.7%	$76.45M+6.7%	$71.68M+17.4%	$61.08M+11.5%	$54.78M+25.8%
Other operating expenses	$2.09B-0.7%	$2.11B+2.8%	$2.05B+3.2%	$1.98B+5.1%	$1.89B+6.7%
Total operating expenses	$2.09B-0.7%	$2.11B+2.8%	$2.05B+3.2%	$1.98B+5.1%	$1.89B+6.7%
Operating income	$527.02M-2.9%	$542.93M+4.8%	$518.3M+4.2%	$497.63M-1.0%	$502.57M+5.9%
Operating margin	20.1%-0.4pp	20.5%+0.3pp	20.2%+0.1pp	20.1%-1.0pp	21%-0.1pp
Other income (expense), net	$35.25M+0.5%	$35.08M-0.3%	$35.18M+10.3%	$31.88M+10.8%	$28.77M+17.2%
Income before income taxes	$562.27M-2.7%	$578.01M+4.4%	$553.48M+4.5%	$529.51M-0.3%	$531.34M+6.5%
Income tax expense	$138.09M+6.0%	$130.22M+2.6%	$126.94M+4.7%	$121.21M-7.9%	$131.62M-6.2%
Net income	$425.7M-4.9%	$447.78M+5.0%	$426.54M+4.5%	$408.3M+2.1%	$399.71M+11.4%
Net margin	16.3%-0.6pp	16.9%+0.3pp	16.6%+0.2pp	16.5%-0.3pp	16.7%+0.7pp
Diluted earnings per share	$6.23-4.4%	$6.52+5.0%	$6.21+4.4%	$5.95+2.1%	$5.83+11.3%
Basic earnings per share	$6.40-4.9%	$6.73+4.7%	$6.43+4.0%	$6.18+1.6%	$6.08+10.5%
Weighted-average shares, diluted	274.3M-0.1%	274.6M-0.1%	274.9M+0.1%	274.7M+0.1%	274.3M+0.2%
Weighted-average shares, basic	266.4M+0.3%	265.6M+0.3%	264.8M+0.4%	263.6M+0.5%	262.4M+0.5%
Travel And Entertainment Expense	$72.43M+5.3%	$68.78M+1.2%	$67.99M+2.4%	$66.39M+2.3%	$64.92M-4.3%
Accounts Receivable, Allowance for Credit Loss, Writeoffs, Net Recovery	——	$6.61M+86.6%	$3.54M+28.2%	$2.76M-22.2%	$3.55M-37.5%
Accounts Receivable, Credit Loss Expense (Reversal), Net	——	——	——	——	——
Stock-based compensation expense (Note 14)	——	——	——	——	——
Pre-tax stock-based compensation cost	$201.3M+3.6%	$194.24M+8.6%	$178.9M+0.7%	$177.59M+5.4%	$168.44M+2.4%
Amortization of capitalized software and acquired intangible assets	——	$23.03M-10.7%	$25.78M+2.1%	$25.26M+30.7%	$19.33M+59.0%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1	——	——	——	——	——
Cash Acquired From Acquisition	——	$29K-98.2%	$1.63M-2.2%	$1.67M-56.6%	$3.84M+0.8%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	$348.08M+37.2%	$253.73M+3.6%
Dividends declared (in dollars per share)	——	——	——	——	——
Communications And Information Technology	$76.17M+3.8%	$73.38M+4.9%	$69.97M-1.5%	$71.02M+2.3%	$69.4M+2.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	——	$504.67M+15.8%	$435.72M-5.9%	$462.91M+14.9%	$403.04M+23.4%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	——	——	——	——	——
Revenue recognized that was included in deferred income at the beginning of the period	——	——	$51.74M+89.7%	$27.28M+27.1%	$21.47M-3.9%
Conversion Of Stock Amount Converted1	——	——	——	——	——
Deferred and other income taxes	-$25.12M-31.7%	-$19.08M-46.3%	-$13.04M-86.3%	-$7M-631%	-$957K-122%
Depreciation	——	$26.97M+5.9%	$25.48M+10.1%	$23.14M+5.5%	$21.94M-0.1%
Dividends, Common Stock	——	——	——	——	——
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	——	——
Effective tax rates	——	——	——	——	——
Goodwill Period Increase Decrease	——	——	——	$119.76M-23.8%	$157.09M+2.8%
Income Taxes Paid, Net	$187.25M+6.6%	$175.68M+57.6%	$111.46M+27.9%	$87.17M-6.6%	$93.31M+18.8%
Accounts payable and other current liabilities	——	——	——	-$7.65M-548%	$1.71M—
Increase (Decrease) in Accounts Receivable	——	——	——	$31.64M-43.2%	$55.7M+1,700%
Increase (Decrease) in Contract with Customer, Asset	——	——	——	——	——
Accrued compensation and employee benefits	——	——	——	——	——
Increase (Decrease) in Other Operating Assets	——	——	$55.37M—	——	——
Increase/(Decrease)	——	——	——	——	——
Increase (Decrease) in Unbilled Work in Process	——	——	——	——	——
Unbilled work in progress	——	-$28.18M+51.6%	-$58.23M-112%	-$27.53M-182%	$33.77M+206%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$492.94M-0.3%	-$491.25M-23.7%	-$397.21M-9.1%	-$364.2M-10.7%	-$329.07M-20.0%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	-$54.57M+72.5%	-$198.38M-72.5%	-$114.98M+56.6%	-$265.06M-52.9%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$704.13M-8.5%	$769.48M-5.9%	$817.31M+4.6%	$781.49M-7.9%	$848.61M+18.6%
Number of operating segments	——	——	——	——	——
Number of reportable segments	——	——	——	5.3+75.0%	30.0%
Occupancy and Related Charges	$79.81M+4.1%	$76.67M-3.4%	$79.4M+3.4%	$76.83M-1.4%	$77.88M+0.7%
Operating lease right-of-use assets amortization expense	$39.33M+8.7%	$36.17M-2.7%	$37.18M+2.5%	$36.29M-2.7%	$37.3M+10.3%
Foreign currency translation gains (losses)	——	$56.89M+519%	$9.18M-83.2%	$54.61M+1,541%	$3.33M+110%
All other operating activities	——	——	——	——	——
Payment for Contingent Consideration Liability, Financing Activities	——	——	——	——	——
Payments For Repurchase Of Equity	——	——	——	——	——
Payments of Dividends	$174.04M+0.4%	$173.4M+2.1%	$169.8M+2.0%	$166.42M+0.7%	$165.22M+1.8%
Payment, Tax Withholding, Share-Based Payment Arrangement	$142.74M+1.8%	$140.23M+1.4%	$138.32M-0.1%	$138.4M+35.2%	$102.34M-0.2%
Payments to Acquire Businesses, Net of Cash Acquired	——	——	——	$37.86M-45.3%	$69.23M+0.7%
Payments to Acquire Investments	——	——	$510.16M+26.9%	$402.08M+60.5%	$250.48M+104%
Payments to Acquire Property, Plant, and Equipment	$22.31M-26.9%	$30.54M-9.5%	$33.75M-19.7%	$42.01M+5.8%	$39.7M+6.0%
Financing — other	$0—	——	——	——	——
Proceeds from disposition of marketable securities and other investments	——	——	$383.39M+4.5%	$366.93M+289%	$94.31M+70.6%
Revenue From Contract With Customer Excluding Assessed Tax	$2.62B-1.2%	$2.65B+3.2%	$2.57B+3.4%	$2.48B+3.8%	$2.39B+6.5%
Share-based Compensation Arrangement By Share-Based Payment Award, Liability Classified Share Awards, Forfeited In Period	——	——	——	$4.99M+20.4%	$4.14M+32.3%
Share-based Compensation Arrangement By Share-Based Payment Award, Liability Classified Share Awards, Share Price Determined, Converted To Cash Payments	——	——	——	——	——
Offer to grant	——	——	——	——	——
Share-based Compensation Arrangement By Share-Based Payment Award, Liability Classified Share Awards, Share Price Determined, Transferred To Equity Grants	——	——	——	——	——
Shares issued via vesting of liability classified awards	——	——	——	——	——
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment	——	——	——	——	——
Issuance of vested restricted stock units	——	——	——	——	——
Stock Repurchased And Forfeited During Period, Value	——	——	——	——	——
Value of shares repurchased	——	——	——	——	——
Weighted Average Number of Shares, Restricted Stock	——	9M-11.2%	10.1M-8.8%	11.1M-6.9%	11.9M-6.9%
EBIT	$527.02M-2.9%	$542.93M+4.8%	$518.3M+4.2%	$497.63M-1.0%	$502.57M+5.9%
EBITDA	$569.65M-3.9%	$592.93M+4.1%	$569.56M+4.3%	$546.03M+0.4%	$543.84M+6.9%
EBITDA	$569.65M-3.9%	$592.93M+4.1%	$569.56M+4.3%	$546.03M+0.4%	$543.84M+6.9%
EBITDA margin	21.8%-0.6pp	22.4%+0.2pp	22.2%+0.2pp	22%-0.8pp	22.8%+0.1pp
EBIT	$527.02M-2.9%	$542.93M+4.8%	$518.3M+4.2%	$497.63M-1.0%	$502.57M+5.9%

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Questions, answered.

What is Houlihan Lokey's revenue?: Houlihan Lokey (HLI) generated $2.6B in revenue over the trailing twelve months, up 9.6% year over year.
Is Houlihan Lokey profitable?: Houlihan Lokey reported $425.7M in net income over the trailing twelve months, a 16.3% net margin.
What are Houlihan Lokey's profit margins?: Gross margin is 32.8% and operating margin is 20.1%, with a 16.3% net margin.
What is Houlihan Lokey's earnings per share?: Houlihan Lokey's diluted EPS over the trailing twelve months is $6.23.
Where does Houlihan Lokey's income statement data come from?: Every line is extracted from Houlihan Lokey's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.