Houlihan Lokey HLI Business Segments
| Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | ||
|---|---|---|---|---|---|---|
| Segment profit by Business | ||||||
| Corporate Finance | $156.4M+3.8% | $150.73M+2.3% | $147.33M+16.2% | $126.78M-4.5% | $132.79M+0.9% | |
| Financial and Valuation Advisory | $23.4M0.0% | $23.4M0.0% | $23.4M0.0% | $23.4M+5.6% | $22.15M0.0% | |
| Financial Restructuring | $27.79M-51.7% | $57.56M+14.9% | $50.1M+14.8% | $43.64M-32.9% | $65.03M+47.1% | |
| Revenue by Business | ||||||
| Corporate Finance | $436.16M0.0% | $436.16M0.0% | $436.16M0.0% | $436.16M+14.3% | $381.69M0.0% | |
| Financial and Valuation Advisory | $86.06M0.0% | $86.06M0.0% | $86.06M0.0% | $86.06M+8.2% | $79.55M0.0% | |
| Financial Restructuring | $132.16M0.0% | $132.16M0.0% | $132.16M0.0% | $132.16M-2.9% | $136.12M0.0% | |
| Total Assets by Business | ||||||
| Corporate Finance | $1.48B+11.5% | $1.32B+0.1% | $1.32B+1.1% | $1.31B-0.3% | $1.31B+3.2% | |
| Financial and Valuation Advisory | $223.01M— | —— | —— | —— | $207.16M— | |
| Financial Restructuring | $179.07M-4.2% | $186.83M0.0% | $186.85M+7.1% | $174.45M-2.8% | $179.5M-7.8% | |
| Non-compensation expense by Business | ||||||
| Corporate Finance | $49.96M-2.2% | $51.08M+13.9% | $44.83M-14.2% | $52.23M+18.5% | $44.08M-12.5% | |
| Financial and Valuation Advisory | $15.53M0.0% | $15.53M0.0% | $15.53M0.0% | $15.53M+14.6% | $13.55M0.0% | |
| Financial Restructuring | $11.91M-17.3% | $14.4M+33.4% | $10.79M-16.1% | $12.85M+24.7% | $10.31M-17.0% | |
| Employee compensation and benefits by Business | ||||||
| Corporate Finance | $227.4M-16.4% | $271.88M+10.3% | $246.5M+12.3% | $219.5M-6.9% | $235.84M-1.6% | |
| Financial and Valuation Advisory | $47.13M0.0% | $47.13M0.0% | $47.13M0.0% | $47.13M+7.5% | $43.85M0.0% | |
| Financial Restructuring | $70.69M-16.1% | $84.29M+15.6% | $72.91M+1.7% | $71.72M-19.6% | $89.22M+20.0% | |
| Changes by Business | ||||||
| Corporate Finance | $103.33M+16,485% | $623K— | $0-100% | $8.78M+125% | $3.91M-95.7% | |
| Financial and Valuation Advisory | $313.25K0.0% | $313.25K0.0% | $313.25K0.0% | $313.25K— | —— | |
| Financial Restructuring | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Corporate Finance | $1.13B+10.1% | $1.02B+0.1% | $1.02B-0.3% | $1.03B+0.9% | $1.02B+0.4% | |
| Financial and Valuation Advisory | $105.04M— | —— | —— | —— | $103.79M— | |
| Financial Restructuring | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | |
| Revenue by Geography | ||||||
| International | $210.55M0.0% | $210.55M0.0% | $210.55M0.0% | $210.55M+22.5% | $171.81M0.0% | |
| United States | $443.83M0.0% | $443.83M0.0% | $443.83M0.0% | $443.83M+4.3% | $425.54M0.0% | |
| Total Assets by Geography | ||||||
| International | $1.67B+10.2% | $1.52B+3.3% | $1.47B+7.7% | $1.36B-1.2% | $1.38B-30.9% | |
| United States | $2.63B+9.0% | $2.42B+4.1% | $2.32B+7.9% | $2.15B-11.7% | $2.44B+65.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Houlihan Lokey break its business down?
- Houlihan Lokey (HLI) reports segment profit by business across 4 parts — Corporate Finance, Financial Advisory Services, Financial and Valuation Advisory and Financial Restructuring. Each is extracted from the segment footnotes and tracked over time.
- Where does Houlihan Lokey's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Houlihan Lokey's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
