HLI Houlihan Lokey (HLI) Q1 FY27 earnings call
Houlihan Lokey experienced a challenging Q1 FY27, primarily driven by headwinds in its Corporate Finance segment due to geopolitical uncertainties and AI-related disruption in the software sector, leading to delayed larger fee transactions. Despite this, the Financial and Valuation Advisory business delivered strong growth, and Financial Restructuring performed as expected. Management remains confident in the long-term outlook, citing record backlog and pipeline in Corporate Finance, viewing the current market disruption as temporary.
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HLI operating KPIs by quarter
| KPI | Mar 2026 Q4 FY26 | This call 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.