The earnings call presented strong financial results with significant revenue and earnings growth across all business lines. The company demonstrated resilience and adaptability in a challenging market environment, with notable achievements in hiring and hosting a successful conference. However, there were concerns over muted financial sponsor activity and increased non-compensation expenses, alongside regional disparities in performance.

Company Guidance -

Q2 2026

In the fiscal first quarter of 2026, Houlihan Lokey reported revenues of $605 million, marking an 18% increase from the previous year, and adjusted earnings per share of $2.14, up 75%. The Corporate Finance segment generated $399 million in revenue, a 21% rise, with closed transactions increasing from 116 to 125 year-over-year. Financial Restructuring revenues grew by 9% to $128 million, with a slight increase in closed transactions from 33 to 35. The Financial and Valuation Advisory division saw a 16% increase in revenues to $79 million, with fee events rising by 13% to 957. Despite a dynamic macro environment, the company remains cautiously optimistic, expecting continued momentum and growth, while maintaining a long-term adjusted compensation expense ratio target of 61.5%. The adjusted effective tax rate for the quarter stood at negative 0.8%, influenced by changes in stock-based compensation policy.

Strong Revenue and Earnings Growth

Revenues for the quarter were $605 million, up 18% compared to the same quarter last year, and adjusted earnings per share were up 75% to $2.14.

Corporate Finance Performance

Corporate Finance produced $399 million in revenue, a 21% increase over last year's first quarter. Closed 125 transactions, up from 116 in the same period last year.

Financial Restructuring Growth

Financial Restructuring revenues were $128 million, a 9% increase over last year's first quarter. Closed 35 transactions compared to 33 in the same quarter last year.

Financial and Valuation Advisory Growth

FVA revenues were $79 million, a 16% increase from the same period last year, with 957 fee events during the quarter, a 13% increase.

Strong Hiring and Expansion

Hired 3 new managing directors and continue to see a strong hiring market for senior talent, drawn to the global platform and track record of growth.

Successful Inaugural Conference

Hosted the inaugural Houlihan Lokey ONE Conference in New York with more than 4,000 attendees and approximately 400 companies participating.

Houlihan Lokey (HLI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HLI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2026 (Q2)	1.64 / -	1.46	―	―	―
Jul 29, 2025	2026 (Q1)	1.68 / 2.14	1.22	75.41% (+0.92)
May 07, 2025	2025 (Q4)	1.62 / 1.96	1.27	54.33% (+0.69)
Jan 28, 2025	2025 (Q3)	1.52 / 1.64	1.22	34.43% (+0.42)
Oct 30, 2024	2025 (Q2)	1.31 / 1.46	1.11	31.53% (+0.35)
Jul 30, 2024	2025 (Q1)	1.21 / 1.22	0.89	37.08% (+0.33)
May 08, 2024	2024 (Q4)	1.23 / 1.27	1.11	14.41% (+0.16)
Feb 01, 2024	2024 (Q3)	1.15 / 1.22	1.14	7.02% (+0.08)
Oct 26, 2023	2024 (Q2)	1.03 / 1.11	1.19	-6.72% (-0.08)
Jul 27, 2023	2024 (Q1)	1.02 / 0.89	1.1	-19.09% (-0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HLI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$191.71	$191.39	-0.17%
May 07, 2025	$163.64	$174.44	+6.60%
Jan 28, 2025	$182.83	$178.59	-2.32%
Oct 30, 2024	$163.05	$171.09	+4.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Houlihan Lokey (HLI) report earnings?

Houlihan Lokey (HLI) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Houlihan Lokey (HLI) earnings time?

Houlihan Lokey (HLI) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HLI EPS forecast?

HLI EPS forecast for the fiscal quarter 2026 (Q2) is 1.64.

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