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Companies / Financials / Houlihan Lokey, Inc.
HLI

Houlihan Lokey, Inc.

FinancialsBanks & Brokers
Ticker HLILOS ANGELES, CAFiscal year ends MarchBook value per share $33.36Diluted shares 67.6M

Houlihan Lokey, Inc. (NYSE: HLI) is a global independent investment bank providing advice on mergers and acquisitions, capital raising, financial restructuring, liability management, and financial and valuation matters. Its clients include corporations, financial sponsors, government agencies, companies in financial… From the company’s description.

In fiscal 2026, Houlihan Lokey, Inc. reported revenue of $2.62B, up 9.5% from fiscal 2025, and net income of $424.17M. Its pre-tax margin was 20.1%. Over the twelve months to Jun 30, 2026, revenue was $2.52B.

Fiscal year 2026 · ends 03-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.62BFY2026
+9.5% year over year
Last 12 mo $2.52B
20.13%FY2026
−0.9 percentage points
Last 12 mo 20.42%
$424.17MFY2026
+6.1% year over year
Last 12 mo $404.64M
18.17%FY2026
−0.2 percentage points
Last 12 mo 18.01%
Cash & financing
$704.13MFY2026
−17.0% year over year
Last 12 mo $499.76M
$681.82MFY2026
−15.7% year over year
Last 12 mo $484.63M
—
68.4MFY2026
−0.3% year over year
Last 12 mo 67.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Houlihan Lokey, Inc. does

In the company’s own words

Houlihan Lokey, Inc. (NYSE: HLI) is a global independent investment bank providing advice on mergers and acquisitions, capital raising, financial restructuring, liability management, and financial and valuation matters. Its clients include corporations, financial sponsors, government agencies, companies in financial distress, creditor groups, boards, and business owners. The firm operates through three reportable segments: Corporate Finance, covering M&A and capital solutions; Financial Restructuring, advising companies and creditor constituencies in out-of-court negotiations and formal insolvency proceedings; and Financial and Valuation Advisory, providing financial opinions, valuation, transaction accounting, tax, diligence, and consulting services. Established in 1972, Houlihan Lokey had approximately 2,800 employees worldwide and served more than 2,000 clients annually as of March 31, 2026; it operated more than 30 offices globally. Its advisory model excludes lending, securities sales and trading, and investment research. Its website is www.hl.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
LOS ANGELES, CA
Fiscal year end
March
CIK
1302215
SIC
6282

Financial performance, year by year

Fiscal 2016–2026 · USD
$-261.75M$523.50M$1.31B$2.09B$2.88B20162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Houlihan Lokey, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

428
funds hold it
0 of 35
superinvestors hold it
$3.31B
held by funds, at market
43.5%
of shares held by funds

Largest fund holders · Houlihan Lokey, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.20%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
—of fund net assets
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Houlihan Lokey, Inc. and its peers compare on margins and cash generation over ten years?”
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