Houlihan Lokey 1Q 2027: Revenue $511M, EPS $1.15— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Houlihan Lokey reported Q1 2027 revenue of $511M and diluted EPS of $1.15, both down significantly from the prior year. The 16% revenue decline was driven by lower Corporate Finance fees, though Financial & Valuation Advisory fees rose 13%. Net income fell to $78M, and segment profits dropped overall due to weaker corporate finance activity despite growth in advisory services.
Houlihan Lokey reported first-quarter 2027 results (three months ended June 30, 2026) with revenue of $511M and diluted EPS of $1.15, down from $605M and $1.42 a year earlier as net income attributable to the company fell to $78M.
Financial Highlights
- Revenue was $511M for the quarter, compared with $605M in the year-ago quarter; YoY change (16.0%).
- Net income attributable to Houlihan Lokey, Inc. was $78M, compared with $98M in the year-ago quarter; YoY change (20.4%).
- Diluted earnings per share was $1.15 for the quarter, compared with $1.42 in the year-ago quarter; YoY change (19.0%).
Business Highlights
- Revenue decline of 16% was driven primarily by lower Corporate Finance fees and changes in fee mix.
- Corporate Finance volumes fell while Financial & Valuation Advisory (FVA) fee events rose 13%, indicating a shift toward advisory and valuation services.
- Segment profit was down about 18% overall; FVA segment profit grew 34% while Corporate Finance profit declined roughly 30% due to lower fees.
- Compensation ratio remained near 64% despite the revenue drop; managing director headcount increased in both Corporate Finance and FVA to support future deal capacity.
- Operating cash outflow widened, attributed to seasonal bonus payouts and higher working capital requirements.
Original SEC Filing: HOULIHAN LOKEY, INC. [ HLI ] - 10-Q - Jul. 31, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.