Houlihan Lokey revenue HLI
Sales by quarter and over the last twelve months, from 2017.
- Last 12 months, to Jun 30, 2026
- $2.5B
- Latest quarter, Q1 FY27
- $511M
- −16% on a year earlier
- Fiscal year 2026
- $2.6B
- +10% on the year before
Houlihan Lokey's revenue was $2.5B over the twelve months to Jun 30, 2026, up 2% on a year earlier.
In its latest quarter, Q1 FY27, it was $511M, down 16% on the same quarter a year before.
Over the five fiscal years to FY2026 it grew 11% a year on average.
Revenue over time
Fiscal year by fiscal year
| Fiscal year | Revenue | Change |
|---|---|---|
| FY2026 | $2.6B | +10% |
| FY2025 | $2.4B | +25% |
| FY2024 | $1.9B | +6% |
| FY2023 | $1.8B | −20% |
| FY2022 | $2.3B | +49% |
| FY2021 | $1.5B | +32% |
| FY2020 | $1.2B | +7% |
| FY2019 | $1.1B | +13% |
| FY2018 | $963.4M | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Revenue | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q1 FY27 | $511M | −16% | $2.5B | |
| Q4 FY26 | $635.6M | −5% | $2.6B | |
| Q3 FY26 | $717.1M | +13% | $2.6B | |
| Q2 FY26 | $659.5M | +15% | $2.6B | |
| Q1 FY26 | $605.3M | +18% | $2.5B | |
| Q4 FY25 | $666.4M | +28% | $2.4B | |
| Q3 FY25 | $634.4M | +24% | $2.2B | |
| Q2 FY25 | $575M | +23% | $2.1B | |
| Q1 FY25 | $513.6M | +24% | $2B | |
| Q4 FY24 | $520.5M | +17% | $1.9B | |
| Q3 FY24 | $511.1M | +12% | $1.8B | |
| Q2 FY24 | $467M | −5% | $1.8B |
Against its peers
Companies in Asset Management nearest Houlihan Lokey's size, closest first, today.
| Company | Revenue, 12 months | Growth |
|---|---|---|
| HLIHoulihan Lokey | $2.5B | +2% a year |
| EVREvercore | $4.7B | +46% a year |
| AMGAffiliated Managers | $2.3B | +12% a year |
| IDCCInterDigital | $788.5M | −12% a year |
| MORNMorningstar | $2.6B | +9% a year |
| VCTRVictory Capital | $1.6B | +52% a year |
| CGCarlyle | $3.6B | −42% a year |
| DLBDolby Laboratories | $1.4B | +1% a year |
| OWLBlue OWL Capital | $3B | +14% a year |
| BENFranklin Resources | $9.3B | +8% a year |
| TPGTPG | $5.1B | +30% a year |
| Peer median | $2.8B |
Where Houlihan Lokey ranks
What the revenue tells you
Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.
Growing revenue with shrinking margins is a warning, not a win.
More on Houlihan Lokey
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.