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Houlihan Lokey HLI Business Segments

FY'26FY'25FY'24FY'23
Segment profit by Business
Corporate Finance$581.24M+22.5%$474.42M+56.8%$302.53M-14.6%$354.08M-41.6%
Financial and Valuation Advisory$93.58M+5.6%$88.58M+19.0%$74.42M
Financial Restructuring$179.09M-14.4%$209.31M+7.8%$194.12M+59.6%$121.62M+20.6%
Revenue by Business
Corporate Finance$1.74B+14.3%$1.53B+37.9%$1.11B-1.8%$1.13B-29.2%
Financial and Valuation Advisory$344.23M+8.2%$318.18M+11.4%$285.59M
Financial Restructuring$528.66M-2.9%$544.48M+4.3%$521.98M+31.9%$395.73M+0.7%
Total Assets by Business
Corporate Finance$5.43B+11.5%$4.87B+14.5%$4.25B+6.7%$3.99B+27.3%
Financial Restructuring$727.2M-6.5%$777.86M+4.8%$742.31M+4.2%$712.65M+0.2%
Non-compensation expense by Business
Corporate Finance$198.1M+9.4%$181.02M+8.9%$166.22M+11.4%$149.17M
Financial and Valuation Advisory$62.12M+14.6%$54.19M-2.7%$55.67M
Financial Restructuring$49.95M+10.5%$45.19M-0.5%$45.44M+25.9%$36.08M
Employee compensation and benefits by Business
Corporate Finance$965.29M+10.8%$871.31M+36.6%$638.07M+2.3%$623.88M
Financial and Valuation Advisory$188.53M+7.5%$175.41M+12.8%$155.5M
Financial Restructuring$299.61M+3.3%$289.98M+2.7%$282.43M+18.7%$238.03M
Changes by Business
Corporate Finance$112.73M-22.3%$145.02M+255%$40.83M
Financial and Valuation Advisory$1.25M
Financial Restructuring$0$0$0$0
Goodwill by Business
Corporate Finance$4.2B+8.4%$3.88B+13.5%$3.42B+5.3%$3.24B+30.5%
Financial Restructuring$651.26M0.0%$651.26M0.0%$651.26M0.0%$651.26M0.0%
Revenue by Geography
International$842.18M+22.5%$687.25M+20.5%$570.1M+9.6%$520.08M-10.2%
United States$1.78B+4.3%$1.7B+26.6%$1.34B+4.3%$1.29B-23.7%
Total Assets by Geography
International$6.03B+10.7%$5.44B+28.6%$4.23B+15.9%$3.65B+25.6%
United States$9.53B+19.0%$8.01B+8.4%$7.38B+6.5%$6.93B-7.9%

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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.