Houlihan Lokey financials
$127.46−1.61%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 Mar 31 | FY25 Mar 31 | FY24 Mar 31 | FY23 Mar 31 | FY22 Mar 31 | FY21 Mar 31 | FY20 Mar 31 | FY19 Mar 31 | FY18 Mar 31 | FY17 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.62B | $2.39B | $1.91B | $1.81B | $2.27B | $1.53B | $1.16B | $1.08B | $963.4M | $872.1M |
| Gross profit | $2.62B | $2.39B | $1.91B | $1.81B | $2.27B | $1.53B | $1.16B | $1.08B | $963.4M | $872.1M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $527.0M | $502.6M | $373.2M | $341.7M | $612.9M | $408.2M | $229.6M | $219.1M | $214.4M | $182.0M |
| Net income | $425.7M | $399.7M | $280.3M | $254.2M | $437.8M | $312.8M | $183.8M | $159.1M | $172.3M | $108.3M |
| Net margin | 16.3% | 16.7% | 14.6% | 14.0% | 19.3% | 20.5% | 15.9% | 14.7% | 17.9% | 12.4% |
| Diluted EPS | $6.22 | $5.82 | $4.11 | $3.76 | $6.41 | $4.55 | $2.80 | $2.42 | $2.60 | $1.63 |
| EBITDA | $643.3M | $598.6M | $438.0M | $400.0M | $661.4M | $446.1M | $271.5M | $233.6M | $222.3M | $190.8M |
| Operating cash flow | $704.1M | $848.6M | $328.5M | $136.3M | $736.6M | $579.8M | $287.7M | $224.3M | $252.2M | $252.0M |
| Free cash flow | $681.8M | $808.9M | $261.7M | $85.5M | $727.9M | $565.7M | $266.9M | $217.5M | $244.5M | $237.6M |
| Diluted shares | 68.4M | 68.7M | 68.2M | 67.6M | 68.3M | 68.7M | 65.7M | 65.8M | 66.3M | 66.6M |
Balance sheet
| Period end | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.19B | $971.0M | $721.2M | $714.4M | $833.7M | $846.9M |
| Short-term investments | $170.0M | $195.6M | $38.0M | $37.3M | $109.1M | $208.6M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $539.0K | $818.0K |
| Total assets | $4.31B | $3.82B | $3.17B | $2.97B | $2.89B | $2.43B |
| Total liabilities | $1.86B | $1.64B | $1.33B | $1.36B | $1.44B | $1.04B |
| Shareholders' equity | $2.34B | $2.17B | $1.84B | $1.61B | $1.44B | $1.38B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology