Houlihan Lokey (HLI) Revenue & Revenue Breakdown

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Houlihan Lokey Revenue Highlights

Latest Revenue (Y)

$2.62B

Latest Revenue (Q)

$717.07M

Main Segment (Y)

Corporate Finance

Main Geography (Y)

UNITED STATES

Houlihan Lokey Revenue by Period

Houlihan Lokey Revenue by Year

Date	Revenue	Change
2026-03-31	$2.62B	9.55%
2025-03-31	$2.39B	24.81%
2024-03-31	$1.91B	5.80%
2023-03-31	$1.81B	-20.29%
2022-03-31	$2.27B	48.81%
2021-03-31	$1.53B	31.58%
2020-03-31	$1.16B	6.91%
2019-03-31	$1.08B	12.56%
2018-03-31	$963.36M	10.47%
2017-03-31	$872.09M	25.70%
2016-03-31	$693.76M	1.89%
2015-03-31	$680.87M	14.92%
2014-03-31	$592.45M	13.87%
2013-03-31	$520.28M	-

Houlihan Lokey generated $2.62B in revenue during NA 2026, up 9.55% compared to the previous quarter, and up 171.59% compared to the same period a year ago.

Houlihan Lokey Revenue by Quarter

Date	Revenue	Change
2025-12-31	$717.07M	8.74%
2025-09-30	$659.45M	8.94%
2025-06-30	$605.35M	-9.16%
2025-03-31	$666.42M	5.04%
2024-12-31	$634.43M	10.34%
2024-09-30	$574.96M	11.94%
2024-06-30	$513.61M	-1.32%
2024-03-31	$520.46M	1.82%
2023-12-31	$511.13M	9.45%
2023-09-30	$466.99M	12.30%
2023-06-30	$415.83M	-6.51%
2023-03-31	$444.77M	-2.57%
2022-12-31	$456.50M	-6.75%
2022-09-30	$489.54M	16.93%
2022-06-30	$418.64M	-11.15%
2022-03-31	$471.17M	-46.99%
2021-12-31	$888.80M	65.43%
2021-09-30	$537.27M	44.15%
2021-06-30	$372.72M	-25.56%
2021-03-31	$500.70M	-6.91%
2020-12-31	$537.88M	95.07%
2020-09-30	$275.74M	30.60%
2020-06-30	$211.14M	-30.25%
2020-03-31	$302.69M	-9.24%
2019-12-31	$333.51M	22.25%
2019-09-30	$272.81M	8.97%
2019-06-30	$250.35M	-14.08%
2019-03-31	$291.38M	-2.23%
2018-12-31	$298.01M	8.37%
2018-09-30	$274.99M	25.00%
2018-06-30	$220.00M	-10.11%
2018-03-31	$244.75M	-5.48%
2017-12-31	$258.94M	6.92%
2017-09-30	$242.18M	11.35%
2017-06-30	$217.49M	-15.41%
2017-03-31	$257.10M	3.80%
2016-12-31	$247.68M	32.78%
2016-09-30	$186.54M	3.19%
2016-06-30	$180.77M	-1.54%
2016-03-31	$183.60M	-10.67%
2015-12-31	$205.52M	29.77%
2015-09-30	$158.38M	8.28%
2015-06-30	$146.27M	-21.56%
2015-03-31	$186.47M	-5.16%
2014-12-31	$196.61M	25.79%
2014-09-30	$156.29M	10.45%
2014-06-30	$141.50M	-

Houlihan Lokey generated $717.07M in revenue during Q3 2026, up 8.74% compared to the previous quarter, and up 124.72% compared to the same period a year ago.

Houlihan Lokey Revenue Breakdown

Houlihan Lokey Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
Financial Restructuring	$528.65M	$544.48M	$521.98M	$395.73M	$392.82M
Corporate Finance	$1.74B	$1.53B	$1.11B	$1.13B	$1.59B
Financial Advisory Services	-	$318.18M	$285.59M	$286.59M	$284.06M

Houlihan Lokey's latest annual revenue breakdown by segment (product or service), as of Mar 26: Corporate Finance (76.74%), and Financial Restructuring (23.26%).

Quarterly Revenue by Product

Product/Service	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Dec 22	Sep 22	Jun 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Financial Restructuring	$110.38M	$156.25M	$133.80M	$128.22M	$164.55M	$130.94M	$131.57M	$155.38M	$128.56M	$114.67M	$123.37M	$98.82M	$97.69M	$78.84M	$89.27M	$83.18M	$98.78M	$142.74M	$178.00M	$125.39M
Corporate Finance	$433.77M	$473.69M	$438.66M	$398.52M	$412.71M	$421.60M	$364.03M	$287.58M	$310.51M	$281.68M	$227.05M	$291.73M	$315.02M	$263.95M	$715.66M	$388.41M	$209.99M	$300.66M	$306.17M	$108.05M
Financial Advisory Services	-	$87.13M	$86.99M	$78.61M	$89.17M	$81.88M	$79.36M	$77.50M	$72.05M	$70.64M	$65.41M	$65.95M	$76.83M	$75.86M	$83.86M	$65.68M	$63.96M	$57.30M	$53.71M	$42.30M

Houlihan Lokey's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Corporate Finance (79.71%), and Financial Restructuring (20.29%).

Houlihan Lokey Revenue Breakdown by Country

Annual Revenue by Country

Country	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
UNITED STATES	$1.78B	$1.70B	$1.34B	$1.29B	$1.69B
Non-US	$842.18M	$687.25M	$570.10M	$520.08M	$579.25M
Financial Restructuring	-	-	-	-	$392.82M
Financial Advisory Services	-	-	-	-	$284.06M
Corporate Finance	-	-	-	-	$1.59B

Houlihan Lokey's latest annual revenue breakdown by geography, as of Mar 26: UNITED STATES (67.83%), and Non-US (32.17%).

Quarterly Revenue by Country

Country	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Dec 22	Sep 22	Jun 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
UNITED STATES	$432.62M	$484.64M	$435.66M	$422.42M	$470.66M	$429.62M	$435.32M	$331.04M	$356.57M	$328.96M	$327.74M	$322.54M	$377.61M	$303.45M	$646.30M	$432.73M	$311.73M	$376.82M	$414.89M	$224.07M
Non-US	$203.02M	$232.44M	$223.79M	$182.93M	$195.76M	$204.81M	$139.63M	$189.41M	$154.56M	$138.03M	$88.09M	$133.96M	$111.93M	$115.19M	$242.50M	$104.55M	$60.99M	$123.89M	$122.98M	$51.67M

Houlihan Lokey's latest quarterly revenue breakdown by geography, as of Mar 26: UNITED STATES (68.06%), and Non-US (31.94%).

Houlihan Lokey Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
GLXY	Galaxy Digital	$61.36B	$10.21B
ACGL	Arch Capital Group	$19.43B	$4.36B
ALLY	Ally Financial	$12.15B	$3.89B
JEF	Jefferies Financial Group	$10.82B	$2.87B
XP	XP	$6.53B	$1.94B
SF	Stifel Financial	$6.30B	$1.67B
FHN	First Horizon	$4.99B	$862.00M
EVR	Evercore	$3.88B	$1.05B
HLI	Houlihan Lokey	$2.62B	$717.07M
OXLC	Oxford Lane Capital	$246.66M	$157.58M

HLI Revenue FAQ

What is Houlihan Lokey’s yearly revenue?

Houlihan Lokey's yearly revenue for 2026 was $2.62B, representing an increase of 9.55% compared to 2025. The company's yearly revenue for 2025 was $2.39B, representing an increase of 24.81% compared to 2024. HLI's yearly revenue for 2024 was $1.91B, representing an increase of 5.80% compared to 2023.

What is Houlihan Lokey’s quarterly revenue?

Houlihan Lokey's quarterly revenue for Q3 2026 was $717.07M, a 8.74% increase from the previous quarter (Q2 2026), and a 13.03% increase year-over-year (Q3 2025). The company's quarterly revenue for Q2 2026 was $659.45M, a 8.94% increase from the previous quarter (Q1 2026), and a 14.70% increase year-over-year (Q2 2025). HLI's quarterly revenue for Q1 2026 was $605.35M, a -9.16% decrease from the previous quarter (Q4 2025), and a 17.86% increase year-over-year (Q1 2025).

What is Houlihan Lokey’s revenue growth rate?

Houlihan Lokey's revenue growth rate for the last 3 years (2024-2026) was 36.73%, and for the last 5 years (2022-2026) was 15.31%.

What are Houlihan Lokey’s revenue streams?

Houlihan Lokey's revenue streams in r 26 are Financial Restructuring, and Corporate Finance. Financial Restructuring generated $528.66M in revenue, accounting 23.26% of the company's total revenue, down -2.91% year-over-year. Corporate Finance generated $1.74B in revenue, accounting 76.74% of the company's total revenue, up 14.27% year-over-year.

What is Houlihan Lokey’s main source of revenue?

For the fiscal year ending Mar 26, the largest source of revenue of Houlihan Lokey was Corporate Finance. This segment made a revenue of $1.74B, representing 76.74% of the company's total revenue.