NYSE$HLI
Houlihan Lokey Inc. · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
Houlihan Lokey reported fiscal Q4 2026 revenues of $636M and net income attributable to the company of $99.8M, or $1.47 diluted EPS ($1.63 adjusted).
For the fourth quarter ended March 31, 2026 (fiscal Q4), Houlihan Lokey posted revenues of $636 million, down from $666 million a year ago, with Corporate Finance up 5% and Restructuring down 33%. Net income attributable to Houlihan Lokey was $99.8 million, or $1.47 per diluted share ($1.63 adjusted), and the firm increased its quarterly dividend 16.7% to $0.70.
- Q4 revenues $636M; fiscal-year revenue record $2.62B.
- Net income to HLI $99.8M; diluted EPS $1.47.
- Corporate Finance revenue $434M (+5% YoY).
- Restructuring revenue $110M on fewer large closings.
Headline financials
Revenue & EPS history
Houlihan Lokey · Revenue · Quarterly
$636M
Revenue by segment
Houlihan Lokey · $467M total across 3 segments · Q2 2024
- Corporate Finance$282M-10.6%60.3%
- Financial Restructuring$115M+17.4%24.6%
- Financial & Valuation Advisory$70.6M-8.1%15.1%
Forward guidance
Management cited macro uncertainty entering fiscal 2027 but optimism across M&A, restructuring, and valuation advisory lines.
Tailwinds
- Record fiscal-year revenue and earnings.
- Dividend increase signals capital return confidence.
Headwinds
- Q4 revenue down YoY on restructuring softness.
- Compensation ratio remains ~64% of revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2026
+1.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+1.5%
Avg return
30 days after
63%
30 / 48 earnings
Positive
+12.2%
Q2 2022
Best reaction
-10.7%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +4.3% | +1.5% | -5.6% | |
| Q3 2026 | -6.6% | -0.7% | -3.0% | |
| Q2 2026 | -10.7% | -10.0% | -12.0% | |
| Q4 2025 | +6.8% | +8.7% | +7.9% | |
| Q3 2025 | -2.3% | -1.9% | -5.8% | |
| Q2 2025 | +3.6% | +2.2% | +13.4% | |
| Q1 2025 | +1.7% | -1.5% | +4.5% | |
| Q4 2024 | +0.3% | +1.3% | -2.7% | |
| Q3 2024 | +5.9% | +3.7% | +6.2% | |
| Q2 2024 | +1.5% | +3.7% | +9.4% | |
| Q1 2024 | -8.3% | -7.2% | -5.5% | |
| Q4 2023 | +6.1% | +1.6% | +7.1% | |
| Q3 2023 | -0.2% | +3.2% | -2.9% | |
| Q2 2023 | +9.3% | +10.8% | +21.5% | |
| Q1 2023 | +2.5% | +1.7% | -3.0% | |
| Q4 2022 | +2.9% | +6.3% | -2.5% | |
| Q3 2022 | +7.4% | +3.2% | -7.8% | |
| Q2 2022 | +12.2% | +17.8% | +11.9% | |
| Q1 2022 | -5.1% | -3.5% | +1.0% | |
| Q4 2021 | +5.3% | +10.7% | +18.1% | |
| Q3 2021 | -3.7% | -1.2% | -5.6% | |
| Q2 2021 | -0.4% | -1.6% | +3.3% | |
| Q1 2021 | -1.6% | -2.2% | +6.1% | |
| Q4 2020 | -2.1% | -0.4% | -8.4% | |
| Q3 2020 | +7.4% | +8.6% | +2.0% | |
| Q2 2020 | -0.4% | +1.0% | +2.0% | |
| Q1 2020 | +6.2% | +4.1% | -3.4% | |
| Q4 2019 | +1.9% | -1.9% | -4.2% | |
| Q3 2019 | +1.9% | +1.0% | +5.0% | |
| Q2 2019 | +0.5% | +5.4% | +4.6% | |
| Q1 2019 | -6.6% | -6.5% | -10.0% | |
| Q4 2018 | +5.3% | +4.1% | +7.6% | |
| Q3 2018 | -2.8% | -7.8% | -9.5% | |
| Q2 2018 | +4.5% | +0.5% | +6.0% | |
| Q1 2018 | +5.1% | +1.1% | -2.0% | |
| Q4 2017 | +6.3% | +1.9% | -1.0% | |
| Q3 2017 | +5.1% | +4.7% | +3.5% | |
| Q2 2017 | -2.8% | -3.7% | +19.5% | |
| Q1 2016 | -0.5% | +0.7% | -4.4% | |
| Q1 2017 | +2.3% | +7.9% | +4.9% | |
| Q4 2014 | -2.4% | -5.9% | -2.3% | |
| Q4 2016 | +0.1% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q3 2016 | +0.4% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q4 2015 | +0.5% | — | — | |
| Q2 2016 | -0.8% | — | — |
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