HLI · XBRL financial data

Houlihan Lokey financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (HLI's year ends in late March)

In millions of dollars	Q2 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Revenue from contracts with customers	511	520*	514	575	634	666*	605	659	717	636*	511	692
Gross profit	151	—	157	190	199	—	188	223	231	—	154	239
Total operating expenses	415	418*	418	444	498	527*	516	508	556	510*	433	538
Operating income (loss)	97	103*	96	131	136	139*	90	151	161	125*	78	154
Income tax expense (benefit)	32	37*	11	43	50	28*	1	48	53	36*	8	49
Net income (loss)	71	81*	89	94	95	122*	98	112	117	100*	78	109
Earnings per share, basic USD per share	1.10	1.26*	1.37	1.42	1.45	1.84*	1.47	1.67	1.75	1.50*	1.17	1.64
Earnings per share, diluted USD per share	1.04	1.18*	1.30	1.37	1.39	1.77*	1.42	1.63	1.70	1.47*	1.15	1.64
Weighted average shares, basic millions of shares	64	65*	65	66	66	66*	66	67	67	66*	67	67
Weighted average shares, diluted millions of shares	68	69*	69	68	69	69*	69	69	68	68*	68	67

Fiscal quarters (HLI's year ends in late March)

In millions of dollars	Q2 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Cash and cash equivalents	556	721	450	691	799	971	794	924	1,056	1,189	745	837
Property and equipment, net	131	137	143	149	140	149	151	145	141	143	143	148
Right-of-use asset	357	344	362	360	356	363	364	353	415	407	412	410
Goodwill	1,129	1,127	1,175	1,178	1,280	1,285	1,295	1,292	1,293	1,396	1,396	1,471
Total assets	2,959	3,171	2,943	3,213	3,476	3,820	3,518	3,793	3,937	4,309	3,717	3,975
Total liabilities	1,190	1,334	1,113	1,256	1,395	1,645	1,340	1,546	1,643	1,856	1,352	1,557
Retained earnings	1,121	1,163	1,207	1,260	1,315	1,395	1,449	1,516	1,589	1,645	1,667	1,726
Total stockholders' equity	—	—	—	—	—	2,175	2,178	2,247	—	2,342	2,255	2,307
Total liabilities and equity	2,959	3,171	2,943	3,213	3,476	3,820	3,518	3,793	3,937	4,309	3,717	3,975

Fiscal quarters (HLI's year ends in late March)

In millions of dollars	Q2 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Net income (loss)	71	81*	89	94	95	122*	98	112	117	100*	78	109
Depreciation and amortization	7*	8*	9	7*	10*	15*	16	10*	8*	8*	8	10*
Net cash from operating activities	101*	225*	(65)	289*	266*	358*	(132)	325*	218*	293*	(336)	252*
Purchases of property and equipment	16*	12*	11	10*	4*	14*	13	2*	1*	6*	6	12*
Net cash from investing activities	(23)*	(15)*	(40)	(31)*	(87)*	(106)*	110	(114)*	56*	(50)*	112	(61)*
Share repurchases	—	year only	—	—	—	year only	—	—	—	year only	—	—
Dividends paid	36*	36*	51	38*	37*	39*	52	42*	41*	39*	61	46*
Net cash from financing activities	(36)*	(36)*	(161)	(39)*	(37)*	(91)*	(197)	(72)*	(131)*	(93)*	(217)	(97)*
Net change in cash	62*	166*	(272)	243*	108*	175*	(177)	130*	133*	133*	(444)	93*

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Houlihan Lokey	837	692	252*	not reported	Q2 FY27 10-QSep 30, 2026
Evercore	1,257	998	526*	not reported	Q2 FY26 10-QJun 30, 2026
Blue Owl Capital	214	807	609*	not reported	Q3 FY26 10-QSep 30, 2026
Carlyle Group	1,257	1,124	(0.5)*	356.3M	Q2 FY26 10-QJun 30, 2026
Morningstar	497	672	191*	37.1M	Q3 FY26 10-QSep 30, 2026
TPG	945	1,841	348*	not reported	Q2 FY26 10-QJun 30, 2026
Janus Henderson Group	1,381	not reported	235	154.1M	Q1 FY26 10-QMar 31, 2026
Price T Rowe Group	3,774	2,005	543*	213.3M	Q3 FY26 10-QSep 30, 2026
Franklin Templeton	3,761	2,358	581*	508.1M	Q3 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.