Houlihan Lokey Inc
HLI
$179.69 0.18%
Exchange: NYSE | Sector: Financial Services | Industry: Financial Capital Markets
Q2 2025
Published: Nov 5, 2024

Earnings Highlights

  • Revenue of $574.96M up 23.1% year-over-year
  • EPS of $1.37 increased by 36.5% from previous year
  • Gross margin of 38.5%
  • Net income of 93.55M
  • ""This heightened activity is expected to benefit our restructuring business well into fiscal 2026..."" - Scott Adelson (CEO)
HLI
Houlihan Lokey Inc

Executive Summary

In Q2 2025, Houlihan Lokey Inc (HLI) reported a robust revenue of $575 million, reflecting a significant year-on-year growth of 23% and a quarter-on-quarter increase of 11.94%. The adjusted earnings per share saw a substantial rise of 32%, reaching $1.46. These results were driven by a strong performance in the Corporate Finance segment, which generated $364 million in revenueÒ€”a 29% increase compared to the previous year. The company remains optimistic about growth in the second half of the fiscal year despite ongoing geopolitical and macroeconomic uncertainties. Management continues to emphasize the upward trend in M&A activity and the strength of the restructuring market, which positions HLI well for future growth.

Key Performance Indicators

Revenue
Increasing
574.96M
QoQ: 11.94% | YoY: 23.12%
Gross Profit
Increasing
221.36M
38.50% margin
QoQ: 20.64% | YoY: 29.87%
Operating Income
Increasing
130.67M
QoQ: 36.73% | YoY: 44.74%
Net Income
Increasing
93.55M
QoQ: 5.18% | YoY: 39.56%
EPS
Increasing
1.42
QoQ: 3.65% | YoY: 36.54%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 605.35 1.42 +17.9% View
Q4 2025 666.42 1.76 +28.1% View
Q3 2025 634.43 1.39 +24.1% View
Q2 2025 574.96 1.37 +23.1% View
Q1 2025 513.61 1.30 +23.5% View