HLI Houlihan Lokey (HLI) Q4 FY26 earnings call
Houlihan Lokey delivered record annual revenue and adjusted EPS in FY26, showcasing the strength and resilience of its diversified business model despite Q4 headwinds from geopolitical uncertainty and software sector volatility. The firm enters FY27 with a robust backlog, an expanded managing director count, and an active acquisition pipeline, positioning it for continued performance across varying market conditions.
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HLI operating KPIs by quarter
| KPI | This call Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| Closed transactions Corporate Finance | 171We closed 171 transactions this quarter, up from 147 in the same period last year and our average transaction fee on closed deals decreased.Source: earnings call transcript | 127We closed 127 transactions this quarter basically flat with the same period last year.Source: earnings call transcript | -25.7% |
| Closed transactions Financial Restructuring | 30We closed 30 transactions this quarter, down 21% from the same quarter last year and our average transaction fee on closed deals decreased.Source: earnings call transcript | 23We closed 23 transactions this quarter, down 34% from the same period last year, but our average transaction fee on closed deals increased.Source: earnings call transcript | -23.3% |
| Fee events Financial and Valuation Advisory | 1,248We had 1,248 fee events during the quarter compared to 1,224 in the same period last year, a 2% increase.Source: earnings call transcript | 1,042We had 1,042 fee events during the quarter compared to 957 in the same period last year, a 9% increase.Source: earnings call transcript | -16.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.