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Friday 6 November 2026
Export HLI’s income statement to Excel — free account
Houlihan Lokey, Inc.
Houlihan Lokey, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.6 billion, up 9.55% from fiscal 2025.
- Revenue
- +4.85%
- EPS
- −1.80%
- Free cash flow
- −25.7%
Quarter to September 2026, against a year earlier
145.23
1.99
−1.35%
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Houlihan Lokey, Inc. (HLI) Gross margin
Houlihan Lokey, Inc.'s gross margin over the twelve months to 30 September 2026 was 35.6%, down 0.1 percentage points from fiscal 2026 (35.7%). Over the past ten years it has ranged from 27.6% (fiscal 2015) to 37.0% (fiscal 2022); the current reading is higher than 75% of that period. That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 35.7% | (0.05) |
| FY2025 | 35.8% | 0.69 |
| FY2024 | 35.1% | (0.59) |
| FY2023 | 35.7% | (1.27) |
| FY2022 | 37.0% | 1.04 |
| FY2021 | 35.9% | 3.16 |
| FY2020 | 32.8% | 0.52 |
| FY2019 | 32.2% | 1.06 |
| FY2018 | 31.2% | 0.42 |
| FY2017 | 30.8% | 0.31 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 36.0% | 1.15 |
| Jun 2026 | 34.8% | (0.73) |
| Mar 2026 | 35.6% | (0.33) |
| Dec 2025 | 35.9% | (0.32) |
| 43 more quarters | Free account |
Against its own ten years
Low 27.6%
High 37.0%
Ten-year median
33.9%
Current reading's percentile
56
Gross margin against peers
| Company | Gross margin |
|---|---|
| XP XP Inc. compare | 100.0% |
| EVR Evercore Inc compare | 99.8% |
| SF Stifel Financial Corporation compare | 99.0% |
| JEF Jefferies Financial Group Inc. compare | 98.2% |
| FUTU Futu Holdings Limited Sponsored ADR compare | 87.4% |
| BMNR BitMine Immersion Technologies, Inc. compare | 84.4% |
| VIRT Virtu Financial, Inc. compare | 81.8% |
| IREN IREN Limited compare | 68.9% |
| HLI Houlihan Lokey, Inc. | 35.6% |
| Capital Markets industry median | 68.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on HLI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement