Slow Bull
The market, slowly. FRIDAY, 25 SEPTEMBER 2026

Houlihan Lokey, Inc.

American multinational investment bank and financial services company

HLI NYSE SEC CIK 1302215
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Financials

Reported figures only · latest: Q1 2027 USD · US GAAP
Revenue, last quarter $511M −15.5% vs same quarter last year
Net income $78M −20.4% vs same quarter last year
EPS, diluted $1.15 −19% vs same quarter last year
Operating cash flow −$336M −154.5% vs same quarter last year
Revenue by quarter
$575M
$634.4M
$666.4M
$605M
$659.5M
$717.1M
$635.6M
$511M
Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income14 fiscal years
  • Revenue
  • Net income
$0$1B$2B$3BFY14FY16FY18FY20FY22FY24FY26
Show the numbers
YearRevenueNet income
FY26$2.6B$424M
FY25$2.4B$400M
FY24$1.9B$280M
FY23$1.8B$254M
FY22$2.3B$438M
FY21$1.5B$312.8M
FY20$1.2B$183.8M
FY19$1.1B$159.1M
FY18$963.4M$172.3M
FY17$872.1M$108.3M
FY16-$69.7M
FY15-$79.9M
FY14-$61.3M
FY13--
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
0%10%20%30%40%FY14FY16FY18FY20FY22FY24FY26
Show the numbers
YearGross marginOperating marginNet margin
FY26-20.1%16.2%
FY2532.3%21%16.7%
FY2429.8%19.5%14.6%
FY2330.8%18.9%14%
FY2235%27%19.3%
FY2134.2%26.8%20.5%
FY2027.8%19.8%15.9%
FY1928.2%20.2%14.7%
FY1828.8%22.3%17.9%
FY1727.7%20.9%12.4%
FY16---
FY15---
FY14---
FY13---
Free cash flowOperating cash flow minus capital expenditure
$0$250M$500M$750M$1BFY14FY16FY18FY20FY22FY24FY26
Show the numbers
YearFree cash flow
FY26$681.8M
FY25$808.9M
FY24$261.7M
FY23$85.5M
FY22$727.9M
FY21$565.7M
FY20$266.9M
FY19$217.5M
FY18$242.9M
FY17$237.6M
FY16$2.3M
FY15$191.8M
FY14$162.8M
FY13-
Returned to shareholdersDividends paid and shares bought back
  • Dividends
  • Buybacks
$0$200M$400M$600MFY14FY16FY18FY20FY22FY24FY26
Show the numbers
YearDividendsBuybacks
FY26$174M$175.4M
FY25$165.2M$52.5M
FY24$148.5M$25M
FY23$140.4M$48.7M
FY22$114.8M$304.8M
FY21$92M$102.2M
FY20$80.7M$29.6M
FY19$66.9M$69.6M
FY18$52.1M$18.1M
FY17$55.3M$0
FY16$114.3M$0
FY15$2.2M-
FY14$1.1M-
FY13--
Net margin vs the sectorMedian of Financials companies filing with the SEC
  • Houlihan Lokey
  • Financials median
0%10%20%30%FY14FY16FY18FY20FY22FY24FY26
Show the numbers
YearHoulihan LokeyFinancials median
FY2616.2%-
FY2516.7%19.8%
FY2414.6%19.9%
FY2314%17.5%
FY2219.3%22%
FY2120.5%21.5%
FY2015.9%9.9%
FY1914.7%13.7%
FY1817.9%16.4%
FY1712.4%13.2%
FY16-10.9%
FY15-12.8%
FY14-8.6%
FY13-11.2%

News

No stories filed under Houlihan Lokey yet - coverage appears here as the news feed clusters it.