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
Total Interest Expense	0.29	0.29	0.09	-	0.18	0.5
Net Interest Income	-0.29	-0.29	-0.09	-	-0.18	-0.5
Brokerage Commission	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)	18.04%	24.80%	5.80%	-20.28%	48.84%	31.59%
Salaries & Employee Benefits	1,629	1,469	1,177	1,113	1,409	971.2
Cost of Services Provided	263.87	253.4	250.62	193.99	150.28	102.09
Other Operating Expenses	71.99	70.62	59.73	63.94	45.42	28.88
Total Operating Expenses	2,015	1,835	1,516	1,429	1,653	1,117
Operating Income	633.45	554.35	398.08	380.49	616.91	407.56
Currency Exchange Gains	0.24	0.24	0.06	-	-	-
Other Non-Operating Income (Expenses)	35.35	29.03	17.39	-15.61	-1.64	2.05
EBT Excluding Unusual Items	669.03	583.62	415.52	364.88	615.27	409.61
Merger & Restructuring Charges	-76.45	-54.78	-36.23	-35.07	-	-
Gain (Loss) on Sale of Investments	1.45	1.45	0.88	-3.68	-4.23	0.1
Other Unusual Items	-16.02	1.05	10.37	-2.13	-7.1	-0.48
Pretax Income	578.01	531.34	390.54	324	603.94	409.23
Income Tax Expense	130.22	131.62	110.24	69.78	165.61	96.46
Earnings From Continuing Ops.	447.78	399.71	280.3	254.22	438.32	312.77
Minority Interest in Earnings	-	-	-	-	-0.57	-
Net Income	447.78	399.71	280.3	254.22	437.75	312.77
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)	0.15%	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	24.52%	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 Per Share	10.75	11.78	3.84	1.27	10.66	8.24
Dividend Per Share	2.370	2.280	2.200	2.120	1.720	1.300
Dividend Growth	4.87%	3.64%	3.77%	23.26%	32.31%	4.84%
Operating Margin	23.92%	23.20%	20.79%	21.03%	27.18%	26.73%
Profit Margin	16.91%	16.73%	14.64%	14.05%	19.29%	20.51%
Free Cash Flow Margin	27.91%	33.86%	13.67%	4.73%	32.07%	37.09%
Effective Tax Rate	22.53%	24.77%	28.23%	21.54%	27.42%	23.57%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q