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Houlihan Lokey (HLI)
NYSE:HLI
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.97Last Year’s EPS
1.96Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call delivered multiple clear positive operating and strategic signals: double-digit revenue and EPS growth, strong performance across core businesses (notably Corporate Finance and Restructuring this quarter), an expanding European presence via targeted acquisitions, a healthy balance sheet (~$1.2B cash), and top-market industry rankings. Offsetting items are manageable: rising absolute compensation and non-comp costs (though ratios are stable), localized cost pressure from acquisitions, and caution about restructuring revenue as markets improve plus macro/geopolitical uncertainty. Overall, the positives — revenue/earnings growth, deal pipeline strength, strategic M&A and market share momentum — outweigh the cautions.Company Guidance
Strong Quarter — Revenue and EPS Growth
Total revenues of $717 million, up 13% year-over-year; adjusted EPS of $1.94, up 18% year-over-year.
Corporate Finance Momentum
Corporate Finance revenue of $474 million, up 12% year-over-year; closed 177 transactions vs. 170 a year ago; average transaction fee increased and new-business activity trending upward, supporting optimism for fiscal 2027.
Financial Restructuring Outperformed Seasonality
Restructuring revenue of $156 million, up 19% year-over-year; closed 41 transactions (flat YoY) with higher average fees; several deals accelerated into Q3, producing a stronger-than-typical Q3 and reversing the usual seasonal pattern.
Financial & Valuation Advisory Growth
Revenue of $87 million, up 6% year-over-year; 1,103 fee events vs. 1,015 a year ago (10% increase), with solid new business heading into Q4.
Strategic M&A and European Expansion
Completed acquisition of Mellon Capital's real estate advisory business and announced agreement for a controlling interest in O'Dare Partners (France) to increase European footprint (expected to own 51% at close); hired 6 new managing directors in Q3 and added 11 colleagues in Munich and London.
Balance Sheet Strength and Capital Deployment
Ended quarter with ~ $1.2 billion cash and investments; repurchased ~418,000 shares in Q3; management emphasizes flexibility to deploy cash for strategic acquisitions while continuing measured buybacks.
Industry Recognition and Talent Investment
Named the #1 most active M&A investment bank and #1 most active financial restructuring investment bank globally for 2025; continued hiring and investments across geographies and products (6 MDs hired in Q3).
Improved Tax Efficiency
Adjusted effective tax rate of 30.6% in the quarter versus 33.3% a year ago, driven by decreased state taxes and decreased non-deductible expenses.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $162.00 | $172.68 | +6.60% |
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 May 13, 2026, After Close (Confirmed).
What is Houlihan Lokey (HLI) earnings time?
Houlihan Lokey (HLI) earnings time is at May 13, 2026, 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 (Q4) is 1.97.