The earnings call reflected strong financial performance with significant revenue and EPS growth. The Corporate Finance and Financial Restructuring segments showed substantial growth, and the company hosted a successful major conference event. However, there were challenges with muted sponsor activity, increased non-compensation expenses, and regional disparities in performance. The overall sentiment is positive, but tempered by these challenges.

Company Guidance

In the Houlihan Lokey Fiscal First Quarter 2026 Earnings Conference Call, the company reported strong financial performance with revenues of $605 million, marking an 18% increase from the previous year, and adjusted earnings per share of $2.14, up 75% year-over-year. The Corporate Finance division led with $399 million in revenue, a 21% increase, while Financial Restructuring generated $128 million, up 9%, and Financial and Valuation Advisory posted $79 million, reflecting a 16% rise. The adjusted compensation expenses were $372 million, with a compensation expense ratio maintained at 61.5%, and non-compensation expenses rose to $94 million, influenced by the Houlihan Lokey ONE Conference. The company highlighted a negative adjusted effective tax rate of 0.8% due to a policy change and ended the quarter with $867 million in unrestricted cash and investment securities. The call emphasized the resilience of the company's diversified business model amidst a dynamic macro environment, with a cautiously optimistic outlook for fiscal 2026.

Strong Revenue Growth

Revenues for Q1 fiscal 2026 reached $605 million, an 18% increase compared to the same quarter last year.

Significant EPS Increase

Adjusted earnings per share increased by 75% compared to the same quarter last year, reaching $2.14.

Corporate Finance Performance

Corporate Finance revenue was $399 million, a 21% increase over last year's first quarter, with a higher average transaction fee.

Financial Restructuring Growth

Financial Restructuring revenues were $128 million, a 9% increase compared to the same period last year.

Successful Conference Event

The inaugural Houlihan Lokey ONE Conference in New York was a success with over 4,000 attendees and 400 companies participating.

Strong Hiring Market

Hired 3 new managing directors during the first quarter and continue to see a strong hiring market for senior talent.

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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