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+22.5% | $557.63M+39.8% | $538.46M+49.4% | $500.78M+46.7% | $474.42M+56.8% | |
| Financial and Valuation Advisory | $93.58M+5.6% | $92.33M+8.6% | $91.08M+11.8% | $89.83M+15.2% | $88.58M+19.0% | |
| Financial Restructuring | $179.09M-14.4% | $216.33M-1.2% | $202.98M-6.9% | $213.8M+12.7% | $209.31M+7.8% | |
| Revenue by Business | ||||||
| Corporate Finance | $1.74B+14.3% | $1.69B+18.9% | $1.64B+24.2% | $1.58B+30.5% | $1.53B+37.9% | |
| Financial and Valuation Advisory | $344.23M+8.2% | $337.72M+8.9% | $331.2M+9.7% | $324.69M+10.5% | $318.18M+11.4% | |
| Financial Restructuring | $528.66M-2.9% | $532.61M-1.2% | $536.57M+0.6% | $540.52M+2.4% | $544.48M+4.3% | |
| Total Assets by Business | ||||||
| Corporate Finance | $5.43B+11.5% | $5.27B+11.9% | $5.22B+15.4% | $5.04B+14.9% | $4.87B+14.5% | |
| Financial Restructuring | $727.2M-6.5% | $727.63M-8.0% | $735.53M-5.5% | $754.86M+1.5% | $777.86M+4.8% | |
| Non-compensation expense by Business | ||||||
| Corporate Finance | $198.1M+9.4% | $192.22M+7.7% | $191.49M+12.8% | $186.78M+9.1% | $181.02M+8.9% | |
| Financial and Valuation Advisory | $62.12M+14.6% | $60.14M+10.2% | $58.15M+5.9% | $56.17M+1.6% | $54.19M-2.7% | |
| Financial Restructuring | $49.95M+10.5% | $48.35M+4.5% | $46.36M+2.6% | $46.87M+3.6% | $45.19M-0.5% | |
| Employee compensation and benefits by Business | ||||||
| Corporate Finance | $965.29M+10.8% | $973.73M+22.5% | $941.55M+31.7% | $909.3M+37.8% | $871.31M+36.6% | |
| Financial and Valuation Advisory | $188.53M+7.5% | $185.25M+8.7% | $181.97M+10.0% | $178.69M+11.3% | $175.41M+12.8% | |
| Financial Restructuring | $299.61M+3.3% | $318.14M+17.2% | $308.17M+15.1% | $294.6M+5.6% | $289.98M+2.7% | |
| Changes by Business | ||||||
| Corporate Finance | $112.73M-22.3% | $13.31M-90.6% | $103.54M+12.0% | $105.93M+23.3% | $145.02M+255% | |
| Financial and Valuation Advisory | $1.25M— | —— | —— | —— | —— | |
| Financial Restructuring | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Corporate Finance | $4.2B+8.4% | $4.09B+9.7% | $4.08B+13.7% | $3.98B+13.8% | $3.88B+13.5% | |
| Financial Restructuring | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | $651.26M0.0% | |
| Revenue by Geography | ||||||
| International | $842.18M+22.5% | $803.45M+22.1% | $764.72M+21.6% | $725.99M+21.1% | $687.25M+20.5% | |
| United States | $1.78B+4.3% | $1.76B+9.0% | $1.74B+14.1% | $1.72B+20.0% | $1.7B+26.6% | |
| Total Assets by Geography | ||||||
| International | $6.03B+10.7% | $5.74B+8.7% | $6.21B+41.6% | $5.86B+37.4% | $5.44B+28.6% | |
| United States | $9.53B+19.0% | $9.33B+24.0% | $8.39B+6.3% | $8.17B+7.6% | $8.01B+8.4% |
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.
