Houlihan Lokey (HLI) revenue breakdown
By segment, Corporate Finance is the largest at 67% of fiscal 2026 revenue, growing 17% a year over 9 years.
By region, United States is the largest at 68% of fiscal 2026 revenue; International grew fastest, 25% a year over 9 years.
Revenue by segment
Fiscal years, as Houlihan Lokey reports them in its 10-K filings; fiscal 2026 total $2.6B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Finance | $435M | $529M | $607M | $647M | $803M | $1.6B | $1.1B | $1.1B | $1.5B | $1.7B | 67% |
| Financial Restructuring | $308M | $294M | $318M | $353M | $535M | $393M | $396M | $522M | $544M | $529M | 20% |
| Financial and Valuation Advisory | $130M | $141M | $159M | $160M | $188M | $284M | $287M | $286M | $318M | $344M | 13% |
Revenue by region
Fiscal years, as Houlihan Lokey reports them in its 10-K filings; fiscal 2026 total $2.6B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $760M | $830M | $879M | $975M | $1.2B | $1.7B | $1.3B | $1.3B | $1.7B | $1.8B | 68% |
| International | $112M | $133M | $206M | $184M | $333M | $579M | $520M | $570M | $687M | $842M | 32% |
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Where does Houlihan Lokey make its money?
In fiscal 2026, by segment: Corporate Finance $1.7B, Financial Restructuring $529M, Financial and Valuation Advisory $344M.
From Houlihan Lokey's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.