Houlihan Lokey Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Transaction-Based Revenues	2,648	2,389	1,914	1,809	2,270	1,525
Revenue	2,648	2,389	1,914	1,809	2,270	1,525
Revenue Growth (YoY)	18.05%	24.81%	5.80%	-20.29%	48.81%	31.58%
Cost of Revenue	1,705	1,524	1,214	1,148	1,409	971.2
Gross Profit	943.14	865.15	700.82	661.57	861.32	554.26
Selling, General & Admin	263.87	253.4	250.62	193.99	150.28	102.09
Depreciation & Amortization Expenses	50	41.27	28.54	58.22	48.54	15.23
Other Operating Expenses	88.19	68.93	58.8	67.62	49.65	28.79
Operating Income	541.9	501.54	362.86	341.74	612.86	408.16
Total Non-Operating Income (Expense)	36.93	29.79	27.68	-17.74	-8.93	1.07
Pretax Income	578.01	531.34	390.54	324	603.94	409.23
Provision for Income Taxes	130.22	131.62	110.24	69.78	165.61	96.46
Net Income	447.78	399.71	280.3	254.22	437.75	312.77
Minority Interest in Earnings	-	-	-	-	0.57	-
Net Income to Common	447.78	399.71	280.3	254.22	437.75	312.77
Net Income Growth	24.78%	42.60%	10.26%	-41.93%	39.96%	70.18%
Shares Outstanding (Basic)	67	66	64	63	65	66
Shares Outstanding (Diluted)	69	69	68	68	68	69
Shares Change (YoY)	0.33%	0.73%	0.85%	-0.99%	-0.60%	4.48%
EPS (Basic)	6.73	6.08	4.36	4.01	6.74	4.75
EPS (Diluted)	6.51	5.82	4.11	3.76	6.41	4.55
EPS Growth	24.24%	41.61%	9.31%	-41.34%	40.88%	62.50%
Free Cash Flow	738.94	808.91	261.73	85.54	727.92	565.69
Free Cash Flow Growth	-8.65%	209.06%	205.96%	-88.25%	28.68%	111.91%
Free Cash Flow Per Share	10.74	11.78	3.84	1.27	10.66	8.24
Dividends Per Share	2.370	2.280	2.200	2.120	1.720	1.300
Dividend Growth	3.95%	3.64%	3.77%	23.26%	32.31%	4.84%
Gross Margin	35.61%	36.21%	36.61%	36.56%	37.94%	36.33%
Operating Margin	20.46%	20.99%	18.95%	18.89%	27.00%	26.76%
Profit Margin	16.91%	16.73%	14.64%	14.05%	19.31%	20.50%
FCF Margin	27.90%	33.85%	13.67%	4.73%	32.07%	37.08%
EBITDA	591.9	542.81	391.4	399.96	661.4	423.39
EBITDA Margin	22.35%	22.72%	20.44%	22.10%	29.14%	27.75%
EBIT	541.9	501.54	362.86	341.74	612.86	408.16
EBIT Margin	20.46%	20.99%	18.95%	18.89%	27.00%	26.76%
Effective Tax Rate	22.53%	24.77%	28.23%	21.54%	27.42%	23.57%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q