Earnings Releases·Oct 28, 2026, 4:34 PM ET

Houlihan Lokey — Second Quarter Fiscal 2027 Earnings Summary

Total revenues increased 5% year-over-year to $692 million for the quarter, though six-month revenues declined 5% to $1,203 million; net income was $109 million ($1.64/share) compared to $111 million ($1.63/share) in the prior year period.
Corporate Finance revenues rose 10% to $481 million driven by higher average transaction fees, while Financial Restructuring revenues fell 12% to $118 million due to a significant drop in closed transactions.
The Board declared a quarterly cash dividend of $0.70 per share for Q3 fiscal 2027, and the company repurchased 397,000 shares during the quarter.
GAAP compensation expenses were $441 million (63.7% of revenues) and adjusted compensation expenses were $426 million (61.5% of revenues), with cash and investment securities totaling $888 million as of September 30, 2026.