Houlihan Lokey Inc
HLI
$179.69 0.18%
Exchange: NYSE | Sector: Financial Services | Industry: Financial Capital Markets
Q3 2025
Published: Feb 4, 2025

Earnings Highlights

  • Revenue of $634.43M up 24.1% year-over-year
  • EPS of $1.39 increased by 31.8% from previous year
  • Gross margin of 32.2%
  • Net income of 95.30M
  • ""Revenues were up 24% and adjusted earnings per share were up 34% compared to the same period last year." - Scott Adelson, CEO" - Scott Adelson
HLI
Houlihan Lokey Inc

Executive Summary

Houlihan Lokey, Inc. (NYSE: HLI) reported compelling financial performance in Q3 2025, with revenues reaching $634.4 million, a 24% increase year-over-year. Adjusted earnings per share (EPS) surged 34% to $1.64, indicating substantial profitability growth. The company's Corporate Finance and Financial Valuation Advisory segments benefited from a revitalized M&A market, while Financial Restructuring demonstrated resilience amid persistent high interest rates. Management expressed optimism for the remainder of the fiscal year and into 2026, citing expected improvements in market conditions and increased deal activity as key contributors to growth.

Key Performance Indicators

Revenue
Increasing
634.43M
QoQ: 10.34% | YoY: 24.12%
Gross Profit
Increasing
204.05M
32.16% margin
QoQ: -7.82% | YoY: 9.07%
Operating Income
Increasing
136.10M
QoQ: 4.16% | YoY: 40.98%
Net Income
Increasing
95.30M
QoQ: 1.87% | YoY: 34.60%
EPS
Increasing
1.45
QoQ: 2.11% | YoY: 31.82%

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