Houlihan Lokey FY26 net income rises 6.5% to $426 million; revenue climbs to $2.62 billion

Houlihan Lokey, Inc. Class A

Houlihan Lokey, Inc. Class A

HLI

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  • Houlihan Lokey posted fiscal 2026 net income attributable to shareholders of USD 426 million, or USD 6.22 per diluted share, up from USD 400 million, or USD 5.82 per diluted share.
  • Revenue rose 10% to USD 2.62 billion, driven by a 14% increase in Corporate Finance to USD 1.74 billion while Financial Restructuring slipped 3% to USD 529 million.
  • Operating income increased to USD 527 million from USD 503 million; compensation expense climbed to USD 1.68 billion from USD 1.52 billion.
  • Fourth-quarter revenue fell to USD 636 million from USD 666 million, while net income attributable to shareholders declined to USD 100 million, or USD 1.47 per diluted share, from USD 122 million, or USD 1.76 per diluted share.
  • CEO Scott Adelson called fiscal 2026 another record year despite a challenging environment, citing resilience and diversification across all three business lines; board declared a USD 0.70 quarterly dividend and reported USD 1.36 billion of unrestricted cash and investment securities at March 31, 2026.


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