Houlihan Lokey, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the Securities and Exchange Commission on October 30, 2026, reporting second-quarter revenues of $692 million and net income attributable to the company of $109 million.

Key Highlights

  • Quarterly revenue: $692 million for the three months ended September 30, 2026, compared with $660 million in the same period of the prior year, according to the filing.
  • Net income attributable to Houlihan Lokey, Inc.: $109 million for the three months ended September 30, 2026, versus $111 million in the prior-year quarter.
  • Fully diluted EPS: $1.64 for the three-month period, compared with $1.63 in the prior-year quarter, as reported in the filing.
  • Six-month revenues: $1,203 million for the six months ended September 30, 2026, compared with $1,265 million for the same period a year earlier.
  • Total assets: $3,975 million as of September 30, 2026, down from $4,309 million as of March 31, 2026, per the consolidated balance sheet.
  • Share repurchases and forfeitures: $207 million in shares repurchased or forfeited during the six-month period ended September 30, 2026, per the statements of changes in stockholders' equity.
  • Dividends paid: $106 million in dividends declared during the six months ended September 30, 2026, per the filing.

Houlihan Lokey Second-Quarter and Six-Month Results for the Period Ended September 30, 2026

Houlihan Lokey, Inc. (NYSE:HLI) disclosed quarterly revenues of $692 million for the three months ended September 30, 2026, an increase from $660 million in the comparable prior-year period, according to the unaudited consolidated statements of income included in the filing. Total operating expenses for the quarter were $538 million, yielding operating income of $154 million, compared with operating income of $151 million in the prior-year quarter. Net income for the three-month period was $110 million in total, with $109 million attributable to Houlihan Lokey, Inc. after accounting for noncontrolling interest.

For the six months ended September 30, 2026, the filing reported revenues of $1,203 million, compared with $1,265 million in the six months ended September 30, 2025. Six-month operating income was $232 million versus $241 million in the prior-year period. Net income attributable to Houlihan Lokey, Inc. for the six-month period was $187 million, with basic earnings per share of $2.81 and fully diluted earnings per share of $2.78, per the filing. Employee compensation and benefits, the largest expense category, totaled $740 million for the six-month period compared with $778 million a year earlier.

The consolidated balance sheet as of September 30, 2026 showed total assets of $3,975 million, with cash and cash equivalents of $837 million, down from $1,189 million as of March 31, 2026. Total stockholders' equity stood at $2,307 million. As of October 27, 2026, the registrant reported 53,974,184 shares of Class A common stock and 15,442,114 shares of Class B common stock outstanding. Goodwill increased to $1,471 million from $1,396 million over the same period, per the balance sheet.

What Was Disclosed

Houlihan Lokey filed its Form 10-Q for the quarter ended September 30, 2026, disclosing revenue, income, balance sheet, and equity figures for the three- and six-month periods, along with share counts, dividends, and repurchase activity for the period.