--- title: "Houlihan Lokey | 8-K: FY2026 Revenue: USD 2.618 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285658634.md" datetime: "2026-05-08T03:34:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285658634.md) - [en](https://longbridge.com/en/news/285658634.md) - [zh-HK](https://longbridge.com/zh-HK/news/285658634.md) --- # Houlihan Lokey | 8-K: FY2026 Revenue: USD 2.618 B Revenue: As of FY2026, the actual value is USD 2.618 B. EPS: As of FY2026, the actual value is USD 6.22, missing the estimate of USD 6.7844. EBIT: As of FY2026, the actual value is USD 527.02 M. #### Fiscal Year 2026 Financial Highlights - Houlihan Lokey, Inc. reported total revenues of $2.62 billion for fiscal year 2026, an increase from $2.39 billion in the prior fiscal year . - Net income attributable to Houlihan Lokey, Inc. was $426 million, up from $400 million . - Adjusted net income attributable to Houlihan Lokey, Inc. was $518 million, an increase from $434 million . #### Fourth Quarter Fiscal 2026 Financial Highlights - Total revenues for the fourth quarter of fiscal year 2026 were $636 million, a decrease from $666 million in the prior year’s fourth quarter . - Net income attributable to Houlihan Lokey, Inc. was $100 million, down from $122 million . - Adjusted net income attributable to Houlihan Lokey, Inc. was $111 million, a decrease from $136 million . #### Segment Revenue (Fiscal Year 2026 vs. Fiscal Year 2025) - Corporate Finance (CF) revenues were $1,744,634 thousand, an increase of 14% from $1,526,756 thousand . - Financial Restructuring (FR) revenues were $528,655 thousand, a decrease of -3% from $544,478 thousand . - Financial and Valuation Advisory (FVA) revenues were $344,227 thousand, an increase of 8% from $318,182 thousand . #### Segment Revenue (Fourth Quarter Fiscal 2026 vs. Fourth Quarter Fiscal 2025) - Corporate Finance (CF) revenues were $433,766 thousand, an increase of 5% from $412,709 thousand . - Financial Restructuring (FR) revenues were $110,383 thousand, a decrease of -33% from $164,546 thousand . - Financial and Valuation Advisory (FVA) revenues were $91,494 thousand, an increase of 3% from $89,167 thousand . #### Operating Expenses (GAAP - Fiscal Year 2026 vs. Fiscal Year 2025) - Compensation expenses were $1,683,391 thousand, up from $1,524,268 thousand, with a compensation ratio of 64.3% compared to 63.8% . - Non-compensation expenses were $407,106 thousand, up from $362,581 thousand, with a non-compensation ratio of 15.6% compared to 15.2% . - Operating income was $527,019 thousand, compared to $502,567 thousand . - Other (income) expense, net was - $35,246 thousand, compared to - $28,768 thousand . - Provision for income taxes was $138,091 thousand, compared to $131,624 thousand, with an effective tax rate of 24.6% compared to 24.8% . #### Operating Expenses (GAAP - Fourth Quarter Fiscal 2026 vs. Fourth Quarter Fiscal 2025) - Compensation expenses were $408,781 thousand, down from $430,544 thousand, with a compensation ratio of 64.3% compared to 64.6% . - Non-compensation expenses were $101,714 thousand, up from $94,822 thousand, with a non-compensation ratio of 16.0% compared to 14.2% . - Operating income was $125,148 thousand, compared to $141,056 thousand . - Other (income) expense, net was - $9,366 thousand, compared to - $9,199 thousand . - Provision for income taxes was $36,202 thousand, compared to $28,335 thousand, with an effective tax rate of 26.9% compared to 18.9% . #### Cash and Liquidity - Cash and cash equivalents were $1,189,454 thousand as of March 31, 2026, compared to $971,007 thousand as of March 31, 2025 . - Unrestricted cash and cash equivalents and investment securities totaled $1.36 billion as of March 31, 2026 . #### Dividends and Share Repurchases - The Board of Directors declared a quarterly cash dividend of $0.70 per share, representing a 16.7% increase . - The company repurchased 301 thousand shares as part of its share repurchase program during the fourth fiscal quarter . #### Operational Metrics by Segment - For Corporate Finance (CF), closed transactions increased to 171 in Q4 2026 from 147 in Q4 2025, and to 644 in FY 2026 from 564 in FY 2025 . - For Financial Restructuring (FR), closed transactions decreased to 30 in Q4 2026 from 38 in Q4 2025, and to 143 in FY 2026 from 145 in FY 2025 . - For Financial and Valuation Advisory (FVA), Fee Events increased to 1,248 in Q4 2026 from 1,224 in Q4 2025, and to 2,519 in FY 2026 from 2,441 in FY 2025 . #### Outlook - Fiscal year 2026 was a record year for Houlihan Lokey, Inc., demonstrating the resilience and diversification of its business model despite a challenging external environment . The company remains optimistic about the prospects across all three business lines, even with market uncertainty entering fiscal year 2027 . ### Related Stocks - [HLI.US](https://longbridge.com/en/quote/HLI.US.md) ## Related News & Research - [Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2026 Financial Results | HLI Stock News](https://longbridge.com/en/news/285435095.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Range Impact GAAP EPS of -$0.02, revenue of $0.92M](https://longbridge.com/en/news/286725496.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md)