Q2 FY2027 · ended Sep 30, 2026 · Revenue $692.00M, +4.8% YoY · Filed Oct 30, 2026
Houlihan Lokey, Inc. (HLI) files with the SEC under industry code 6282, Investment Advice. In Q2 of fiscal 2027, the quarter ended Sep 30, 2026, it reported revenue of $692.0 million and net income of $109.0 million. Free cash flow was $240.0 million. As of Sep 30, 2026 it held $888.0 million in cash and investments and $494.0 million in total debt.
Revenue
$692.00M
+4.8% vs year-ago quarter
Net income
$109.00M
-1.8% vs year-ago quarter
Operating cash flow
$252.00M
-22.5% vs year-ago quarter
Free cash flow
$240.00M
-25.7% vs year-ago quarter
EPS
$1.64
+0.6% vs year-ago quarter
Dividend per share
$0.70
+16.7% vs prior quarter
Shares outstanding
587,866
Net cash
$394.00M
Q2 FY2027
Operating margin
20.3%
TTM
Company profile
- Industry
- Investment Advice (SIC 6282)
- Listed as
- HLI (NYSE)
- Fiscal year ends
- March 31
- Headquarters
- Los Angeles, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1302215
- Former names
- HOULIHAN LOKEY HOWARD & ZUKIN INC (until May 8, 2015)
Other Investment Advice companies
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2027 Sep 30, 2026 |
Q1 FY2027 Jun 30, 2026 |
Q4 FY2026 Mar 31, 2026 |
Q3 FY2026 Dec 31, 2025 |
Q2 FY2026 Sep 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $692.0M | $511.0M | $635.6M | $717.1M | $660.0M |
| Operating income | $154.0M | $78.0M | $125.1M | $160.7M | $151.0M |
| Net income | $109.0M | $78.0M | $99.8M | $116.5M | $111.0M |
| Diluted EPS | $1.64 | $1.15 | $1.48 | $1.70 | $1.63 |
| Operating cash flow | $252.0M | -$336.0M | $293.0M | $218.1M | $325.0M |
| Free cash flow | $240.0M | -$342.0M | $286.8M | $217.0M | $323.0M |
| Total assets | $4.0B | $3.7B | $4.3B | $3.9B | $3.8B |
| Total liabilities | $1.6B | $1.4B | $1.9B | $1.6B | $1.5B |
| Stockholders' equity | $2.3B | $2.3B | — | — | — |
| Cash and investments | $888.0M | $797.0M | $1.4B | $1.2B | $1.1B |
| Total debt | $494.0M | $493.0M | $492.0M | $497.1M | $432.9M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 30, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Officer or director change
|
Oct 5, 2026 | Oct 2, 2026 |
| 8-K |
Current report
Officer or director change, Shareholder vote results, Regulation FD disclosure
|
Sep 22, 2026 | Sep 16, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 8, 2026 | Sep 3, 2026 |
| 8-K |
Current report
Other events
|
Aug 13, 2026 | Aug 13, 2026 |
All 855 Houlihan Lokey, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.