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Houlihan Lokey HLI Total Operating Expenses

Total Operating Expenses at other companies

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EvercoreEVR
$1.06B+81.8%
Jones Lang LaSalle logo
Jones Lang LaSalleJLL
$6.18B+9.9%
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Omega Healthcare InvestorsOHI
$167.14M-4.7%

Other financials

Income statement

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Revenue$635.6M-4.6%
Gross profit$230.7M+15.9%
Operating income$125.1M-11.3%
Net income$99.8M-18.1%
EPS (diluted)$1.48-16.4%

Balance sheet

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Cash & equivalents$1.2B+22.5%
Total debt$492.1M+12.3%
Total assets$4.3B+12.8%

Cash flow

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Operating cash flow$293.0M-18.2%
CapEx$6.3M-56.8%
Free cash flow$286.8M-16.6%

Valuation

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Market cap$9.72B-11.5%
Enterprise value$9.02B-13.6%
P/E22.8×-4.7×
P/S3.7×-0.9×

Profitability

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Gross margin32.8%+1.4pp
Operating margin20.1%-0.9pp
Net margin16.3%-0.5pp
FCF margin26%-7.8pp

Returns & leverage

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Return on equity9.5%

Where this comes from

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Houlihan Lokey’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Houlihan Lokey's total operating expenses?
Houlihan Lokey (HLI) reported total operating expenses of $510.5M in Q1 2026.
How has Houlihan Lokey's total operating expenses changed year-over-year?
Houlihan Lokey's total operating expenses decreased by 2.8% year-over-year, from $525.37M to $510.5M.
What is the long-term trend for Houlihan Lokey's total operating expenses?
Over 4 years (2022 to 2026), Houlihan Lokey's total operating expenses has grown at a 6.0% compound annual growth rate (CAGR), from $1.66B to $2.09B.
What does total operating expenses mean?
The total cost of running the company's day-to-day business operations.
How do you interpret total operating expenses?
An increase may signal scaling operations or rising overhead, while a decrease suggests cost-cutting or improved efficiency.
How does total operating expenses compare across companies?
Standard across all service-based firms, typically benchmarked as a percentage of total revenue.