Scott Adelson, CEO: "With our global reach, sector depth, and balanced business model, we continue to be well positioned to help our clients navigate the environment and capitalize on new opportunities."
— Scott Adelson
03Detailed Report
HLI
Houlihan Lokey Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 22, 2026
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Executive Summary
During the first quarter of fiscal year 2026, Houlihan Lokey Inc (HLI) achieved a remarkable revenue of $605 million, representing an 18% increase year-over-year. The adjusted earnings per share surged 75% to $2.14, reflecting the firm’s robust performance across its segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
Management expressed cautious optimism regarding market conditions, attributing the strong results to a diversified business model that has adapted well to the current macroeconomic challenges. Despite the volatility in global markets, HLI has capitalized on increasing demand for financial advisory services, particularly in areas like financial restructuring, where revenues have remained elevated due to high interest rates and market uncertainties. Overall, the firm’s strong performance positions it favorably within the competitive landscape of investment banking and financial services.
Key Performance Indicators
Revenue
Increasing
605.35M
QoQ: -9.16% | YoY: 17.86%
Gross Profit
Increasing
194.84M
32.19% margin
QoQ: -11.64% | YoY: 6.19%
Operating Income
Decreasing
89.80M
QoQ: -35.49% | YoY: -6.04%
Net Income
Increasing
97.53M
QoQ: -20.00% | YoY: 9.66%
EPS
Increasing
1.47
QoQ: -20.11% | YoY: 7.30%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance Highlights (Q1 2026)
- Revenue: $605,349,000, up 18% YoY
- Net Income: $97,533,000, up 10% YoY
- EPS (Diluted): $1.42
- Gross Profit Margin: 32.2%
- Operating Income: $89,800,000, with an operating margin of 14.8%
- Adjusted Effective Tax Rate: -0.8%
Cost Breakdown:
- Operating Expenses: $105,044,000
- General and Administrative Expenses: $11,672,000
- EBITDA: $114,040,000
These metrics reflect solid year-over-year growth despite challenging market conditions. The healthy gross profit margin indicates effective cost management, while the operating income showcases a strong capability to maintain profitability through operational efficiency.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
605.35M
17.86%
-9.16%
Gross Profit
194.84M
6.19%
-11.64%
Operating Income
89.80M
-6.04%
-35.49%
Net Income
97.53M
9.66%
-20.00%
EPS
1.47
7.30%
-20.11%
Key Financial Ratios
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