Houlihan Lokey Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $511.0M | $636.0M | $717.1M | $659.5M | $605.0M | $666.4M | $634.4M | $575.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $154.0M | — | $230.7M | $222.8M | $188.0M | $226.0M | $199.1M | $190.0M |
| Gross Margin | 30.1% | — | 32.2% | 33.8% | 31.1% | 33.9% | 31.4% | 33.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $78.0M | $124.9M | $160.7M | $151.3M | $90.0M | $141.1M | $136.1M | $130.7M |
| Operating Margin | 15.3% | 19.6% | 22.4% | 22.9% | 14.9% | 21.2% | 21.5% | 22.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $86.0M | $134.6M | $169.6M | $160.1M | $98.0M | $150.3M | $145.1M | $136.1M |
| Income Tax Expense | $8.0M | $36.7M | $53.1M | $48.3M | $0 | $28.3M | $49.8M | $42.5M |
| Net Income | $78.0M | $99.4M | $116.5M | $111.8M | $98.0M | $121.9M | $95.3M | $93.5M |
| Net Margin | 15.3% | 15.6% | 16.3% | 17.0% | 16.2% | 18.3% | 15.0% | 16.3% |
| EPS (Basic) | $1.17 | $1.51 | $1.75 | $1.67 | $1.47 | $1.84 | $1.45 | $1.42 |
| EPS (Diluted) | $1.15 | $1.47 | $1.70 | $1.63 | $1.42 | $1.76 | $1.39 | $1.37 |
| Shares Outstanding (Basic) | 66.5M | 66.5M | 66.6M | 67.0M | 66.2M | 65.7M | 65.8M | 65.8M |
| Shares Outstanding (Diluted) | 67.6M | 68.4M | 68.4M | 68.6M | 68.9M | 68.7M | 68.8M | 68.4M |
| Dividends Per Share | $0.70 | — | $0.60 | — | — | — | — | — |