Houlihan Lokey (HLI) earnings history
Most recent quarter
- Fiscal period
- Q1 2027
- Period end
- Jun 30, 2026
- EPS actual
- $1.35
- EPS estimate
- $1.64
- EPS surprise
- −17.90%
- Revenue surprise
- −15.17%
- Revenue
- $511.0M
- Revenue estimate
- $602.4M
- Reported
- Jul 30, 2026
Houlihan Lokey reported fiscal Q1 2027 results, for the quarter ended June 30, 2026, on July 30, 2026. Earnings per share were $1.35, 17.90% below the $1.64 estimate. Revenue of $511.0 million missed the $602.4 million consensus by 15.17%. Compared with fiscal Q1 2026, EPS fell about 37% from $2.14 and revenue fell about 16% from $605.3 million. It was the second miss in a row, after fiscal Q4 2026.
The longer record had been one of growth. Annual EPS was $4.54 in fiscal 2023 and $4.49 in 2024, then rose to $6.28 in 2025 and $7.55 in 2026. Revenue climbed from $1.81 billion in fiscal 2023 to $2.62 billion in fiscal 2026. The highest quarter in the table is still fiscal Q3 2022, at $2.90 per share on $888.8 million in revenue. Before the last two quarters, Houlihan Lokey had beaten the EPS estimate 10 times in a row, and it beat in 17 of the 20 quarters shown.
Houlihan Lokey reported fiscal Q2 between October 27 and October 31 in each of the past five years. That points to late October 2026 for the next report. It will show whether revenue recovers from the Q1 level.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q1 2027 | Jul 30, 2026 | $1.64 | $1.35 | −17.90% | $511.0M | SEC |
| Q4 2026 | May 7, 2026 | $1.79 | $1.63 | −8.90% | $635.6M | SEC |
| Q3 2026 | Jan 29, 2026 | $1.87 | $1.94 | +3.58% | $717.1M | SEC |
| Q2 2026 | Oct 31, 2025 | $1.68 | $1.84 | +9.35% | $659.5M | SEC |
| Q1 2026 | Jul 30, 2025 | $1.68 | $2.14 | +27.60% | $605.3M | SEC |
| Q4 2025 | May 8, 2025 | $1.62 | $1.96 | +20.81% | $666.4M | SEC |
| Q3 2025 | Jan 29, 2025 | $1.52 | $1.64 | +8.11% | $634.4M | SEC |
| Q2 2025 | Oct 31, 2024 | $1.31 | $1.46 | +11.44% | $575.0M | SEC |
| Q1 2025 | Jul 31, 2024 | $1.20 | $1.22 | +1.27% | $513.6M | SEC |
| Q4 2024 | May 9, 2024 | $1.23 | $1.27 | +3.66% | $520.5M | SEC |
| Q3 2024 | Feb 2, 2024 | $1.15 | $1.22 | +6.49% | $511.1M | SEC |
| Q2 2024 | Oct 27, 2023 | $1.03 | $1.11 | +8.04% | $467.0M | SEC |
| Q1 2024 | Jul 28, 2023 | $1.02 | $0.89 | −13.15% | $415.8M | SEC |
| Q4 2023 | May 10, 2023 | $0.93 | $1.11 | +18.87% | $444.8M | SEC |
| Q3 2023 | Feb 1, 2023 | $1.12 | $1.14 | +1.59% | $456.5M | SEC |
| Q2 2023 | Oct 28, 2022 | $1.03 | $1.19 | +15.97% | $489.5M | SEC |
| Q1 2023 | Jul 29, 2022 | $0.94 | $1.10 | +16.54% | $418.6M | SEC |
| Q4 2022 | May 13, 2022 | $1.21 | $1.30 | +7.73% | $471.2M | SEC |
| Q3 2022 | Feb 8, 2022 | $2.18 | $2.90 | +32.76% | $888.8M | SEC |
| Q2 2022 | Oct 29, 2021 | $1.17 | $1.71 | +45.80% | $537.3M | SEC |
Quarterly revenue
Frequently asked questions
When did Houlihan Lokey (HLI) last report earnings?
Houlihan Lokey last reported on Jul 30, 2026, covering fiscal Q1 2027.
Did HLI beat earnings estimates?
No. Houlihan Lokey reported EPS of $1.35 for Q1 2027 against a $1.64 estimate — a 17.90% miss.
How much revenue did HLI report last quarter?
Houlihan Lokey reported $511.0M in revenue for Q1 2027, against a consensus estimate of $602.4M.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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