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Houlihan Lokey, Inc. revenue

Houlihan Lokey, Inc.'s revenue was $2.62bn in fiscal 2026, up 9.5% on the year before. Since fiscal 2017 ($872m) it has grown at a compound 13.0% a year. Over the last twelve months it was $2.56bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Houlihan Lokey, Inc.: revenue history, annual
Fiscal year2017Mar 20172018Mar 20182019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMSept 2026
Revenue8729631,0841,1591,5252,2701,8091,9142,3892,6182,556
Growth on the year before—+10.5%+12.6%+6.9%+31.6%+48.8%−20.3%+5.8%+24.8%+9.5%—
Gross profit241278306323521795557571772——
Gross margin27.7%28.8%28.2%27.8%34.2%35.0%30.8%29.8%32.3%——

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to March 31, 2026
Geography
Region Revenue Share YoY
United States $1.8B 67.8% ▲ 4.3%
Outside the US $842M 32.2% ▲ 22.5%

From Houlihan Lokey, Inc.'s 10-K filed May 22, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Investment Banking & Brokerage: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Houlihan Lokey, Inc. $2.56bn -0.4% 12.7%
Futu Holdings Ltd $2.93bn 68.3% —
Piper Sandler Companies $2.12bn 32.1% 17.1%
Coincheck Group N.V. $3.19bn 26.8% —
Marex Group Ltd $2.02bn 26.9% —
BGC Group, Inc. $3.29bn 27.6% 20.6%

Compare with peers

Head to head: FUTU vs HLIHLI vs PIPRCNCK vs HLI

More: Investment Banking & Brokerage stocks compared, Financials sector, rankings of US companies

Figures from Houlihan Lokey, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Houlihan Lokey, Inc.