Houlihan Lokey Income Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Transaction-Based Revenues	2,618	2,389	1,914	1,809	2,270
Revenue	2,618	2,389	1,914	1,809	2,270
Revenue Growth (YoY)	9.55%	24.81%	5.80%	-20.29%	48.81%
Cost of Revenue	1,683	1,524	1,214	1,148	1,409
Gross Profit	934.13	865.15	700.82	661.57	861.32
Selling, General & Admin	273.55	253.4	250.62	193.99	150.28
Depreciation & Amortization Expenses	42.63	41.27	28.54	58.22	48.54
Other Operating Expenses	90.92	68.93	58.8	67.62	49.65
Operating Income	527.02	501.54	362.86	341.74	612.86
Total Non-Operating Income (Expense)	35.25	29.79	27.68	-17.74	-8.93
Pretax Income	562.27	531.34	390.54	324	603.94
Provision for Income Taxes	138.09	131.62	110.24	69.78	165.61
Net Income	425.7	399.71	280.3	254.22	437.75
Minority Interest in Earnings	-1.52	-	-	-	0.57
Net Income to Common	425.7	399.71	280.3	254.22	437.75
Net Income Growth	6.50%	42.60%	10.26%	-41.93%	39.96%
Shares Outstanding (Basic)	67	66	64	63	65
Shares Outstanding (Diluted)	68	69	68	68	68
Shares Change (YoY)	-0.33%	0.73%	0.85%	-0.99%	-0.60%
EPS (Basic)	6.40	6.08	4.36	4.01	6.74
EPS (Diluted)	6.22	5.82	4.11	3.76	6.41
EPS Growth	6.87%	41.61%	9.31%	-41.34%	40.88%
Shares Outstanding	69.79	69.84	69.1	68.69	67.5
Free Cash Flow	0	808.91	261.73	85.54	727.92
Free Cash Flow Growth	-	209.06%	205.96%	-88.25%	28.68%
Free Cash Flow Per Share	-	11.78	3.84	1.27	10.66
Dividends Per Share	2.400	2.280	2.200	2.120	1.720
Dividend Growth	5.26%	3.64%	3.77%	23.26%	32.31%
Gross Margin	35.69%	36.21%	36.61%	36.56%	37.94%
Operating Margin	20.13%	20.99%	18.95%	18.89%	27.00%
Profit Margin	16.21%	16.73%	14.64%	14.05%	19.31%
FCF Margin	0.00%	33.85%	13.67%	4.73%	32.07%
EBITDA	527.02	542.81	391.4	399.96	661.4
EBITDA Margin	20.13%	22.72%	20.44%	22.10%	29.14%
EBIT	527.02	501.54	362.86	341.74	612.86
EBIT Margin	20.13%	20.99%	18.95%	18.89%	27.00%
Effective Tax Rate	24.56%	24.77%	28.23%	21.54%	27.42%

Updated May 6, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q