Houlihan Lokey Inc.
Income Statement
| Line Item | Jun 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $511.0M | $717.1M | $659.5M | $605.0M | $634.4M | $575.0M | $513.6M | $511.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $154.0M | $230.7M | $222.8M | $188.0M | $199.1M | $190.0M | $157.2M | $150.9M |
| Gross Margin | 30.1% | 32.2% | 33.8% | 31.1% | 31.4% | 33.0% | 30.6% | 29.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $78.0M | $160.7M | $151.3M | $90.0M | $136.1M | $130.7M | $94.7M | $96.5M |
| Operating Margin | 15.3% | 22.4% | 22.9% | 14.9% | 21.5% | 22.7% | 18.4% | 18.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $86.0M | $169.6M | $160.1M | $98.0M | $145.1M | $136.1M | $99.9M | $102.6M |
| Income Tax Expense | $8.0M | $53.1M | $48.3M | $0 | $49.8M | $42.5M | $10.9M | $31.8M |
| Net Income | $78.0M | $116.5M | $111.8M | $98.0M | $95.3M | $93.5M | $88.9M | $70.8M |
| Net Margin | 15.3% | 16.3% | 17.0% | 16.2% | 15.0% | 16.3% | 17.3% | 13.9% |
| EPS (Basic) | $1.17 | $1.75 | $1.67 | $1.47 | $1.45 | $1.42 | $1.37 | $1.10 |
| EPS (Diluted) | $1.15 | $1.70 | $1.63 | $1.42 | $1.39 | $1.37 | $1.30 | $1.04 |
| Shares Outstanding (Basic) | 66.5M | 66.6M | 67.0M | 66.2M | 65.8M | 65.8M | 65.0M | 64.4M |
| Shares Outstanding (Diluted) | 67.6M | 68.4M | 68.6M | 68.9M | 68.8M | 68.4M | 68.5M | 67.9M |
| Dividends Per Share | $0.70 | $0.60 | — | — | — | — | — | — |