HLI · XBRL financial data

Houlihan Lokey financial statements, every fiscal year

The same tables from 7 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 years (HLI's year ends in late March)

In millions of dollars	FY 2021Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Revenue from contracts with customers	1,525	2,270	1,809	1,914	2,389	2,618
Gross profit	521	795	557	571	772	—
Total operating expenses	1,117	1,657	1,468	1,552	1,888	2,090
Operating income (loss)	408	613	342	363	502	527
Income tax expense (benefit)	96	166	70	110	132	138
Net income (loss)	313	438	254	280	400	426
Earnings per share, basic USD per share	4.75	6.74	4.01	4.36	6.08	6.40
Earnings per share, diluted USD per share	4.55	6.41	3.76	4.11	5.82	6.22
Weighted average shares, basic millions of shares	66	65	63	64	66	67
Weighted average shares, diluted millions of shares	69	68	68	68	69	68

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

In millions of dollars	FY 2021Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Cash and cash equivalents	847	834	714	721	971	1,189
Property and equipment, net	46	52	88	137	149	143
Right-of-use asset	152	172	334	344	363	407
Goodwill	671	1,070	1,088	1,127	1,285	1,396
Total assets	2,426	2,887	2,969	3,171	3,820	4,309
Total liabilities	1,043	1,443	1,356	1,334	1,645	1,856
Retained earnings	600	922	1,033	1,163	1,395	1,645
Total stockholders' equity	—	—	—	—	2,175	2,342
Total liabilities and equity	2,426	2,887	2,969	3,171	3,820	4,309

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

In millions of dollars	FY 2021Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Net income (loss)	313	438	254	280	400	426
Depreciation and amortization	15	49	58	29	41	43
Net cash from operating activities	580	737	136	328	849	704
Purchases of property and equipment	14	9	51	67	40	22
Net cash from investing activities	(100)	(274)	(3)	(70)	(265)	2
Proceeds from issuing common stock	189	0	0	—	—	—
Share repurchases	102	305	49	25	53	175
Dividends paid	92	115	140	148	165	174
Net cash from financing activities	(27)	(459)	(240)	(251)	(329)	(493)
Net change in cash	466	(13)	(119)	7	254	218

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	800	713	249*	not reported	Q3 FY26 10-QSep 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.