Houlihan Lokey, Inc. (HLI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 627.6M | 276.07M | 220.97M | 233.06M | 256.57M | 244.25M | 221.36M | 197.74M | 190.93M | 196.78M | 170.45M | 152.35M | 161.83M | 167.15M | 179.68M | 152.91M | 177.59M | 339.42M | 203.9M | 140.42M |
| Gross Margin % | 98.73% | 38.5% | 33.51% | 38.5% | 38.5% | 38.5% | 38.5% | 38.5% | 36.69% | 38.5% | 36.5% | 36.64% | 36.39% | 36.62% | 36.7% | 36.52% | 37.69% | 38.19% | 37.95% | 37.67% |
| Gross Profit Growth % | 144.61% | 13.03% | -0.17% | 17.86% | 34.38% | 24.12% | 29.87% | 29.8% | 17.98% | 17.73% | -5.14% | -0.37% | -8.87% | -50.75% | -11.88% | 8.9% | -3.29% | 71.31% | 107.03% | 89.72% |
| Operating Expenses | 484.59M | 97.77M | 69.63M | 143.26M | 117.37M | 108.15M | 90.69M | 103M | 88.23M | 100.25M | 80.17M | 79M | 71.21M | 82.98M | 90.31M | 75.34M | 78.98M | 90.16M | 46.58M | 32.74M |
| OpEx % of Revenue | 76.24% | 13.63% | 10.56% | 23.67% | 17.61% | 17.05% | 15.77% | 20.05% | 16.95% | 19.61% | 17.17% | 19% | 16.01% | 18.18% | 18.45% | 18% | 16.76% | 10.14% | 8.67% | 8.78% |
| Selling, General & Admin | 0 | 51.62M | 10.32M | 47.71M | 50.98M | 50.95M | 42.61M | 43.95M | 51.32M | 49.3M | 44.2M | 40.51M | 42.19M | 35.4M | 36.07M | 29.25M | 37.98M | 41.12M | 24.82M | 23.89M |
| SG&A % of Revenue | - | 7.2% | 1.57% | 7.88% | 7.65% | 8.03% | 7.41% | 8.56% | 9.86% | 9.64% | 9.46% | 9.74% | 9.49% | 7.75% | 7.37% | 6.99% | 8.06% | 4.63% | 4.62% | 6.41% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 143.01M | 178.3M | 151.34M | 89.8M | 139.21M | 136.1M | 130.67M | 94.74M | 102.7M | 96.54M | 90.28M | 73.35M | 90.62M | 84.17M | 89.37M | 77.57M | 98.61M | 249.26M | 157.32M | 107.68M |
| Operating Margin % | 22.5% | 24.87% | 22.95% | 14.83% | 20.89% | 21.45% | 22.73% | 18.45% | 19.73% | 18.89% | 19.33% | 17.64% | 20.38% | 18.44% | 18.26% | 18.53% | 20.93% | 28.04% | 29.28% | 28.89% |
| Operating Income Growth % | 2.73% | 31% | 15.82% | -5.21% | 35.55% | 40.98% | 44.74% | 29.17% | 13.32% | 14.69% | 1.01% | -5.44% | -8.1% | -66.23% | -43.19% | -27.96% | -29.7% | 57.35% | 135.24% | 152.82% |
| EBITDA | 151.06M | 186.6M | 161.64M | 105.79M | 154.61M | 145.66M | 138.11M | 103.6M | 110.96M | 103.2M | 97.36M | 79.88M | 96.97M | 97.43M | 108.85M | 96.71M | 118.56M | 269.33M | 161.66M | 111.85M |
| EBITDA Margin % | 23.76% | 26.02% | 24.51% | 17.48% | 23.2% | 22.96% | 24.02% | 20.17% | 21.32% | 20.19% | 20.85% | 19.21% | 21.8% | 21.34% | 22.23% | 23.1% | 25.16% | 30.3% | 30.09% | 30.01% |
| EBITDA Growth % | -2.3% | 28.1% | 17.04% | 2.12% | 39.34% | 41.15% | 41.85% | 29.69% | 14.42% | 5.92% | -10.55% | -17.41% | -18.21% | -63.83% | -32.67% | -13.53% | -17.79% | 65.88% | 129.16% | 141.77% |
| D&A (Non-Cash Add-back) | 8.04M | 8.3M | 10.3M | 15.99M | 15.41M | 9.56M | 7.44M | 8.86M | 8.26M | 6.66M | 7.09M | 6.53M | 6.35M | 13.26M | 19.48M | 19.14M | 19.95M | 20.07M | 4.34M | 4.17M |
| EBIT | 134.51M | 178.3M | 168.98M | 128.24M | 159.9M | 148.9M | 137.71M | 109.81M | 102.7M | 106.23M | 90.28M | 73.35M | 90.62M | 84.17M | 89.37M | 77.57M | 98.61M | 249.26M | 157.32M | 107.68M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 134.51M | 169.65M | 160.05M | 98.05M | 150.25M | 145.12M | 136.09M | 99.87M | 118.04M | 102.58M | 93.57M | 76.35M | 80.3M | 83.61M | 84.27M | 75.82M | 90.69M | 249.01M | 156.47M | 107.78M |
| Pretax Margin % | 21.16% | 23.66% | 24.27% | 16.2% | 22.55% | 22.87% | 23.67% | 19.45% | 22.68% | 20.07% | 20.04% | 18.36% | 18.05% | 18.32% | 17.21% | 18.11% | 19.25% | 28.02% | 29.12% | 28.92% |
| Income Tax | 36.2M | 53.1M | 48.27M | 517K | 28.34M | 49.82M | 42.54M | 10.93M | 36.96M | 31.77M | 26.54M | 14.96M | 20.64M | 20.56M | 23.54M | 5.04M | 25.52M | 74.7M | 43.58M | 21.82M |
| Effective Tax Rate % | 26.91% | 31.3% | 30.16% | 0.53% | 18.86% | 34.33% | 31.26% | 10.95% | 31.31% | 30.97% | 28.37% | 19.6% | 25.71% | 24.59% | 27.93% | 6.65% | 28.13% | 30% | 27.85% | 20.24% |
| Net Income | 99.83M | 116.55M | 111.78M | 97.53M | 121.92M | 95.3M | 93.55M | 88.94M | 81.08M | 70.8M | 67.03M | 61.39M | 59.66M | 63.05M | 60.73M | 70.78M | 65.17M | 173.74M | 112.88M | 85.96M |
| Net Margin % | 15.71% | 16.25% | 16.95% | 16.11% | 18.29% | 15.02% | 16.27% | 17.32% | 15.58% | 13.85% | 14.35% | 14.76% | 13.41% | 13.81% | 12.41% | 16.91% | 13.83% | 19.55% | 21.01% | 23.06% |
| Net Income Growth % | -18.11% | 22.29% | 19.49% | 9.66% | 50.38% | 34.6% | 39.56% | 44.88% | 35.9% | 12.29% | 10.38% | -13.27% | -8.46% | -63.71% | -46.2% | -17.66% | -34.41% | 46.59% | 131.37% | 86.46% |
| Net Income (Continuing) | 98.31M | 116.55M | 111.78M | 97.53M | 121.92M | 95.3M | 93.55M | 88.94M | 81.08M | 70.8M | 67.03M | 61.39M | 59.66M | 63.05M | 60.73M | 70.78M | 65.17M | 174.31M | 112.88M | 85.96M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 110.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.47 | 1.70 | 1.63 | 1.42 | 1.76 | 1.39 | 1.37 | 1.30 | 1.18 | 1.04 | 0.99 | 0.90 | 0.88 | 0.90 | 0.87 | 1.03 | 0.97 | 2.54 | 1.65 | 1.25 |
| EPS Growth % | -16.48% | 22.3% | 18.98% | 9.23% | 49.15% | 33.65% | 38.38% | 44.44% | 34.09% | 15.56% | 13.79% | -12.62% | -9.28% | -64.57% | -47.27% | -17.6% | -32.64% | 48.54% | 135.71% | 81.16% |
| EPS (Basic) | 1.50 | 1.75 | 1.67 | 1.47 | 1.84 | 1.45 | 1.42 | 1.37 | 1.26 | 1.10 | 1.04 | 0.96 | 0.94 | 0.99 | 0.87 | 1.03 | 1.02 | 2.68 | 1.73 | 1.31 |
| Diluted Shares Outstanding | 68.07M | 68.43M | 68.59M | 68.89M | 69.18M | 68.76M | 68.42M | 68.5M | 68.49M | 67.89M | 67.87M | 68M | 68.11M | 69.73M | 69.8M | 68.83M | 67.46M | 68.28M | 68.57M | 68.72M |
| Basic Shares Outstanding | 66.34M | 66.63M | 66.96M | 66.24M | 66.22M | 65.83M | 65.82M | 65.03M | 64.58M | 64.41M | 64.55M | 63.81M | 63.35M | 63.38M | 69.8M | 68.72M | 64.1M | 64.91M | 65.16M | 65.71M |
| Dividend Payout Ratio | 39.22% | 34.86% | 37.37% | 53.8% | 31.59% | 38.85% | 41.05% | 57.65% | 43.85% | 50.15% | 52.84% | 68.37% | 54.21% | 54.29% | 54.87% | 57.2% | 42.11% | 16.03% | 25.07% | 36.3% |