Houlihan Lokey Inc. (HLI)
NYSE:HLI
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
1.83Last Year’s EPS
2.14Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall, the call conveys a positive long-term outlook anchored by record annual revenue and EPS, strong backlog and pipeline, robust hiring and promotions, balance sheet strength and an improved restructuring outlook. Near-term challenges include quarter-to-quarter volatility driven by geopolitical events and software-sector disruption, modest declines in FR transaction volumes and average fees, and rising non-compensation expenses. Management expects many of the headwinds to be temporary and highlighted investments in technology/AI and a diversified global platform as offsets.Company Guidance
Record Annual Revenue and Earnings
Houlihan Lokey reported record fiscal year 2026 revenue of $2.6 billion, up 10% year-over-year, and adjusted EPS of $7.56, up 20% year-over-year.
Strong Fourth Quarter Results
Fourth quarter revenues of $636 million with adjusted EPS of $1.63; Corporate Finance and Financial Valuation & Advisory each produced their highest fourth quarter revenues ever.
Corporate Finance Momentum and Transaction Volume
Corporate Finance revenues were $434 million in the quarter, up 5% year-over-year; closed 171 transactions versus 147 a year earlier and noted backlog growth and improved transaction metrics across most industry groups (outsides the U.S. grew faster than U.S.).
Improved Financial Restructuring Outlook
Despite FY Restructuring revenues for fiscal 2026 of $529 million (down 3% year-over-year), management noted materially increased activity, recent notable wins and multiple tailwinds (widening credit spreads, private credit dislocation, software and energy volatility) supporting expectations that Restructuring will operate at elevated levels in fiscal 2027.
Financial & Valuation Advisory Growth and TAM Expansion
FDA revenues were $91 million in the quarter, up 3% year-over-year, with 1,248 fee events (up 2% year-over-year); management highlighted continued TAM expansion and investment in technology/AI to grow volume faster than pricing pressure.
Balance Sheet Strength and Shareholder Returns
Ended the quarter with approximately $1.4 billion in cash and investments; repurchased ~300,000 shares in the quarter and the Board approved a 17% increase in the quarterly dividend to $0.70 per share.
Talent and M&A Execution
Hired or acquired 33 managing directors during the fiscal year (4 in the quarter) and promoted 25 colleagues to Managing Director in Q1 FY27; active acquisition pipeline with recent tuck-ins (Audere Partners, Mellum Capital) executed.
Expense Discipline and Tax Rate Improvement
Adjusted compensation expense declined to $391 million for the quarter (adjusted comp ratio held at 61.5%), and the fiscal 2026 adjusted effective tax rate improved to 23.7% from 29.8% in fiscal 2025.
HLI Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $147.23 | $153.50 | +4.26% |
Jan 28, 2026 | $179.87 | $168.19 | -6.49% |
Oct 30, 2025 | $197.88 | $177.81 | -10.14% |
Jul 29, 2025 | $189.78 | $189.46 | -0.17% |
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 Inc. (HLI) report earnings?
Houlihan Lokey Inc. (HLI) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Houlihan Lokey Inc. (HLI) earnings time?
Houlihan Lokey Inc. (HLI) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HLI EPS forecast?
HLI EPS forecast for the fiscal quarter 2027 (Q1) is 1.83.