Houlihan Lokey HLI Business Segments
| TTM Q4 '26 | TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | ||
|---|---|---|---|---|---|---|
| Segment profit by Business | ||||||
| Corporate Finance | $581.24M+4.2% | $557.63M+3.6% | $538.46M+7.5% | $500.78M+5.6% | $474.42M+19.0% | |
| Financial and Valuation Advisory | $93.58M+1.4% | $92.33M+1.4% | $91.08M+1.4% | $89.83M+1.4% | $88.58M+4.2% | |
| Financial Restructuring | $179.09M-17.2% | $216.33M+6.6% | $202.98M-5.1% | $213.8M+2.1% | $209.31M-4.4% | |
| Revenue by Business | ||||||
| Corporate Finance | $1.74B+3.2% | $1.69B+3.3% | $1.64B+3.4% | $1.58B+3.6% | $1.53B+7.4% | |
| Financial and Valuation Advisory | $344.23M+1.9% | $337.72M+2.0% | $331.2M+2.0% | $324.69M+2.0% | $318.18M+2.6% | |
| Financial Restructuring | $528.66M-0.7% | $532.61M-0.7% | $536.57M-0.7% | $540.52M-0.7% | $544.48M+1.0% | |
| Total Assets by Business | ||||||
| Corporate Finance | $5.43B+3.1% | $5.27B+1.0% | $5.22B+3.6% | $5.04B+3.4% | $4.87B+3.5% | |
| Financial Restructuring | $727.2M-0.1% | $727.63M-1.1% | $735.53M-2.6% | $754.86M-3.0% | $777.86M-1.6% | |
| Non-compensation expense by Business | ||||||
| Corporate Finance | $198.1M+3.1% | $192.22M+0.4% | $191.49M+2.5% | $186.78M+3.2% | $181.02M+1.4% | |
| Financial and Valuation Advisory | $62.12M+3.3% | $60.14M+3.4% | $58.15M+3.5% | $56.17M+3.7% | $54.19M-0.7% | |
| Financial Restructuring | $49.95M+3.3% | $48.35M+4.3% | $46.36M-1.1% | $46.87M+3.7% | $45.19M-2.3% | |
| Employee compensation and benefits by Business | ||||||
| Corporate Finance | $965.29M-0.9% | $973.73M+3.4% | $941.55M+3.5% | $909.3M+4.4% | $871.31M+9.6% | |
| Financial and Valuation Advisory | $188.53M+1.8% | $185.25M+1.8% | $181.97M+1.8% | $178.69M+1.9% | $175.41M+2.9% | |
| Financial Restructuring | $299.61M-5.8% | $318.14M+3.2% | $308.17M+4.6% | $294.6M+1.6% | $289.98M+6.9% | |
| Changes by Business | ||||||
| Corporate Finance | $112.73M+747% | $13.31M-87.1% | $103.54M-2.3% | $105.93M-27.0% | $145.02M+2.8% | |
| Financial and Valuation Advisory | $1.25M— | —— | —— | —— | —— | |
| Financial Restructuring | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Corporate Finance | $4.2B+2.7% | $4.09B+0.3% | $4.08B+2.5% | $3.98B+2.7% | $3.88B+3.9% | |
| Financial Restructuring | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | |
| Revenue by Geography | ||||||
| International | $842.18M+4.8% | $803.45M+5.1% | $764.72M+5.3% | $725.99M+5.6% | $687.25M+4.5% | |
| United States | $1.78B+1.0% | $1.76B+1.1% | $1.74B+1.1% | $1.72B+1.1% | $1.7B+5.5% | |
| Total Assets by Geography | ||||||
| International | $6.03B+5.1% | $5.74B-7.7% | $6.21B+6.1% | $5.86B+7.6% | $5.44B+3.2% | |
| United States | $9.53B+2.1% | $9.33B+11.2% | $8.39B+2.7% | $8.17B+2.0% | $8.01B+6.4% |
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.
