Houlihan Lokey HLI Business Segments
| Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | ||
|---|---|---|---|---|---|---|
| Segment profit by Business | ||||||
| Corporate Finance | $156.4M+17.8% | $150.73M+14.6% | $147.33M+34.4% | $126.78M+26.2% | $132.79M+132% | |
| Financial and Valuation Advisory | $23.4M+5.6% | $23.4M+5.6% | $23.4M+5.6% | $23.4M+5.6% | $22.15M+19.0% | |
| Financial Restructuring | $27.79M-57.3% | $57.56M+30.2% | $50.1M-17.8% | $43.64M+11.5% | $65.03M-13.0% | |
| Revenue by Business | ||||||
| Corporate Finance | $436.16M+14.3% | $436.16M+14.3% | $436.16M+14.3% | $436.16M+14.3% | $381.69M+37.9% | |
| Financial and Valuation Advisory | $86.06M+8.2% | $86.06M+8.2% | $86.06M+8.2% | $86.06M+8.2% | $79.55M+11.4% | |
| Financial Restructuring | $132.16M-2.9% | $132.16M-2.9% | $132.16M-2.9% | $132.16M-2.9% | $136.12M+4.3% | |
| Total Assets by Business | ||||||
| Corporate Finance | $1.48B+12.5% | $1.32B+4.1% | $1.32B+15.8% | $1.31B+14.3% | $1.31B+14.4% | |
| Financial and Valuation Advisory | $223.01M+7.6% | —— | —— | —— | $207.16M— | |
| Financial Restructuring | $179.07M-0.2% | $186.83M-4.1% | $186.85M-9.4% | $174.45M-11.6% | $179.5M-6.6% | |
| Non-compensation expense by Business | ||||||
| Corporate Finance | $49.96M+13.4% | $51.08M+1.4% | $44.83M+11.7% | $52.23M+12.4% | $44.08M+6.1% | |
| Financial and Valuation Advisory | $15.53M+14.6% | $15.53M+14.6% | $15.53M+14.6% | $15.53M+14.6% | $13.55M-2.7% | |
| Financial Restructuring | $11.91M+15.5% | $14.4M+16.0% | $10.79M-4.5% | $12.85M+15.0% | $10.31M-9.3% | |
| Employee compensation and benefits by Business | ||||||
| Corporate Finance | $227.4M-3.6% | $271.88M+13.4% | $246.5M+15.0% | $219.5M+20.9% | $235.84M+47.8% | |
| Financial and Valuation Advisory | $47.13M+7.5% | $47.13M+7.5% | $47.13M+7.5% | $47.13M+7.5% | $43.85M+12.8% | |
| Financial Restructuring | $70.69M-20.8% | $84.29M+13.4% | $72.91M+22.9% | $71.72M+6.9% | $89.22M+26.4% | |
| Changes by Business | ||||||
| Corporate Finance | $103.33M+2,545% | $623K-99.3% | $0-100% | $8.78M-81.7% | $3.91M— | |
| Financial and Valuation Advisory | $313.25K— | $313.25K— | $313.25K— | $313.25K— | —— | |
| Financial Restructuring | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Corporate Finance | $1.13B+10.8% | $1.02B+1.0% | $1.02B+10.9% | $1.03B+11.5% | $1.02B+16.6% | |
| Financial and Valuation Advisory | $105.04M+1.2% | —— | —— | —— | $103.79M— | |
| Financial Restructuring | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | $162.82M0.0% | |
| Revenue by Geography | ||||||
| International | $210.55M+22.5% | $210.55M+22.5% | $210.55M+22.5% | $210.55M+22.5% | $171.81M+20.5% | |
| United States | $443.83M+4.3% | $443.83M+4.3% | $443.83M+4.3% | $443.83M+4.3% | $425.54M+26.6% | |
| Total Assets by Geography | ||||||
| International | $1.67B+21.3% | $1.52B-24.0% | $1.47B+32.0% | $1.36B+43.6% | $1.38B+13.8% | |
| United States | $2.63B+8.0% | $2.42B+63.7% | $2.32B+10.7% | $2.15B+8.1% | $2.44B+24.6% |
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.
