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Houlihan Lokey, Inc.

HLI Finance Investment Managers
$133.24
▲ +2.2% Today
as of Oct 22, 16:49 ET
Last 30 days -3.32% Sep 14 → Oct 22
$123.74 $127.52 $131.30 $135.08 $138.86 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$127.35
High
$134.65
Low
$127.55
Volume
$715,590
Avg Vol
$679,711
Mkt Cap
$8.8B
P/E (TTM)
28.92
Beta
—
52w High
$204.18
52w Low
$112.83
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 24 items

Oct 22 · 13:44 Insider Monkey
Brown Advisory Buys Houlihan Lokey, Inc. (HLI) After a Share-Price Decline
Oct 21 · 13:00 Zacks
Houlihan Lokey (HLI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Oct 14 · 19:16 StockStory
Nubank, Carlyle, StepStone Group, Cohen & Steers, and Houlihan Lokey Shares Plummet, What You Need To Know
▸ Show all 24 press releases & news Free account →

HLI earnings at a glance

Houlihan Lokey, Inc. (HLI) is scheduled to report earnings on Thursday, October 29, 2026 — in 6 days. Analysts expect earnings per share of $1.60, compared with $1.84 in the same quarter last year (-13%). The options market is pricing a move of about ±4.7% after the report, a range of roughly $126.98 to $139.50 from today's $133.24. Over its last 6 reports the stock rose the next day 2 times and fell 4, moving ±5.9% on average; after the most recent report on Jul 29, 2026 it moved -7.7%. That means options currently expect less movement than HLI has typically delivered. HLI beat the consensus EPS estimate in 4 of its last 6 reported quarters. Implied volatility is currently 40%. The share price of $133.24 sits in the middle of its 52-week range.

More Finance stocks · All stocks · Earnings calendar

Overview

52-week range
$113
$204
22% of range
Avg surprise (last 6)
+5.5%
Avg reaction (last 6)
-2.3%
33% positive
Latest IV / EM
40%
EM ±4.7% · $125 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.99$1.28$1.56$1.85$2.14 Actual $0.99Actual $1.04Actual $1.30Actual $1.37Actual $1.39Actual $1.96Est $1.61Actual $2.14Est $1.69Actual $1.84Est $1.69Actual $1.70Actual $1.94Est $1.85Actual $1.63Est $1.84Actual $1.35Est $1.64 SepDecJunSepDecMar/2025Jun/2025Sep/2025Dec8KMar/2026Jun/2026
Revenue vs Net Income Revenue Net income
$0$188M$376M$565M$753M Sep 24Dec 24Jun 25Sep 25Dec 25Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Wed Jul 29, 2026Jun/2026 $1.35 $1.64 -17.7% -23.4% -7.7% earnings
Wed May 6, 2026Mar/2026 $1.63 $1.84 -11.4% -16.8% +4.3% earnings
Wed Jan 28, 20268K 2026-01-28 $1.94 $1.85 +4.9% — -6.5% earnings
Wed Dec 31, 2025Dec 2025 $1.70 — — — — financials
Thu Oct 30, 2025Sep/2025 $1.84 $1.69 +8.9% — -10.1% earnings
Tue Jul 29, 2025Jun/2025 $2.14 $1.69 +26.6% — -0.2% earnings
Wed May 7, 2025Mar/2025 $1.96 $1.61 +21.7% — +6.6% earnings
Tue Dec 31, 2024Dec 2024 $1.39 — — — — financials
Mon Sep 30, 2024Sep 2024 $1.37 — — — — financials
Sun Jun 30, 2024Jun 2024 $1.30 — — — — financials
Sun Dec 31, 2023Dec 2023 $1.04 — — — — financials
Sat Sep 30, 2023Sep 2023 $0.99 — — — — financials
Fri Jun 30, 2023Jun 2023 $0.90 — — — — financials
Sat Dec 31, 2022Dec 2022 $0.90 — — — — financials

Upcoming

DateFiscalTimeEPS EstLY EPSYoY %Δ
Thu Oct 29, 2026Sep/2026OTHER $1.60$1.84 -13.0%

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$511M—$717M$659M$605M—$634M$575M
Cost of revenue————————
Gross profit$154M—$231M$223M$188M—$199M$190M
Operating income$78M—$161M$151M$90M—$136M$131M
Net income$78M—$117M$112M$98M—$95M$94M
EPS (diluted)$1.15—$1.70$1.63$1.42—$1.39$1.37

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$745M$1.19B$1.06B$924M$794M$971M$799M$691M
Inventory————————
Total current assets————————
Total assets$3.72B$4.31B$3.94B$3.79B$3.52B$3.82B$3.48B$3.21B
Long-term debt————————
Total liabilities$1.35B$1.86B$1.64B$1.55B$1.34B$1.64B$1.40B$1.26B
Total equity$2.25B$2.34B$2.29B$2.25B$2.18B—$2.08B$1.96B

Implied volatility — last 90 days

32%47%63%78%94% Jun 07 — IV 39% · EM ±5.4%Jun 08 — IV 41% · EM ±5.5%Jun 09 — IV 38% · EM ±4.7%Jun 10 — IV 37% · EM ±4.3%Jun 11 — IV 36% · EM ±3.9%Jun 12 — IV 51% · EM ±5.2%Jun 15 — IV 41% · EM ±2.9%Jun 16 — IV 68% · EM ±4.0%Jun 17 — IV 70% · EM ±2.9%Jun 19 — IV 35% · EM ±7.7%Jun 22 — IV 37% · EM ±7.6%Jun 23 — IV 35% · EM ±7.2%Jun 24 — IV 35% · EM ±6.9%Jun 25 — IV 34% · EM ±6.7%Jun 26 — IV 36% · EM ±6.9%Jun 29 — IV 38% · EM ±6.7%Jun 30 — IV 37% · EM ±6.3%Jul 01 — IV 35% · EM ±5.8%Jul 02 — IV 35% · EM ±5.7%Jul 03 — IV 36% · EM ±5.7%Jul 06 — IV 37% · EM ±5.1%Jul 07 — IV 37% · EM ±4.9%Jul 08 — IV 38% · EM ±4.8%Jul 09 — IV 43% · EM ±5.1%Jul 10 — IV 36% · EM ±4.0%Jul 13 — IV 51% · EM ±4.3%Jul 14 — IV 55% · EM ±4.0%Jul 15 — IV 40% · EM ±2.3%Jul 16 — IV 76% · EM ±3.2%Jul 20 — IV 43% · EM ±10.1%Jul 21 — IV 42% · EM ±9.7%Jul 22 — IV 43% · EM ±9.8%Jul 23 — IV 42% · EM ±9.4%Jul 24 — IV 42% · EM ±9.3%Jul 27 — IV 44% · EM ±9.1%Jul 28 — IV 43% · EM ±8.7%Jul 29 — IV 55% · EM ±11.0%Jul 30 — IV 36% · EM ±7.0%Jul 31 — IV 36% · EM ±6.9%Aug 03 — IV 40% · EM ±7.1%Aug 04 — IV 34% · EM ±5.8%Aug 05 — IV 36% · EM ±6.0%Aug 06 — IV 39% · EM ±6.3%Aug 07 — IV 37% · EM ±5.7%Aug 10 — IV 40% · EM ±5.6%Aug 11 — IV 38% · EM ±5.0%Aug 12 — IV 40% · EM ±5.1%Aug 13 — IV 38% · EM ±4.5%Aug 14 — IV 43% · EM ±4.8%Aug 17 — IV 53% · EM ±4.4%Aug 18 — IV 55% · EM ±4.0%Aug 19 — IV 50% · EM ±3.0%Aug 20 — IV 94% · EM ±3.9%Aug 24 — IV 35% · EM ±7.4%Aug 25 — IV 36% · EM ±7.4%Aug 26 — IV 33% · EM ±6.7%Aug 27 — IV 33% · EM ±6.4%Aug 28 — IV 32% · EM ±6.2%Aug 31 — IV 36% · EM ±6.4%Sep 01 — IV 36% · EM ±6.2%Sep 02 — IV 35% · EM ±5.9%Sep 03 — IV 36% · EM ±5.9%Sep 04 — IV 36% · EM ±5.7%Sep 07 — IV 41% · EM ±5.7%Sep 08 — IV 38% · EM ±5.0%Sep 09 — IV 38% · EM ±4.8%Sep 10 — IV 42% · EM ±4.9%Sep 11 — IV 42% · EM ±4.6%Sep 14 — IV 62% · EM ±5.2%Sep 15 — IV 49% · EM ±3.5%Sep 16 — IV 50% · EM ±3.0%Sep 17 — IV 94% · EM ±3.9%Sep 21 — IV 38% · EM ±7.8%Sep 22 — IV 38% · EM ±7.8%Sep 23 — IV 38% · EM ±7.5%Sep 24 — IV 40% · EM ±7.8%Sep 25 — IV 35% · EM ±6.6%Sep 28 — IV 39% · EM ±6.9%Sep 29 — IV 42% · EM ±7.3%Sep 30 — IV 39% · EM ±6.5%Oct 01 — IV 36% · EM ±5.8%Oct 02 — IV 37% · EM ±5.8%Oct 05 — IV 42% · EM ±5.8%Oct 06 — IV 36% · EM ±4.7%Oct 07 — IV 39% · EM ±4.9%Oct 08 — IV 40% · EM ±4.7%

Sector peers

JHG
Janus Henderson Group plc
$8.0B $51.95-0.0%
AMG
Affiliated Managers Group, Inc.
$9.8B $395.53+1.7%
MORN
Morningstar, Inc.
$7.5B $223.33+5.5%
EVR
Evercore Inc.
$10.3B $255.39+1.3%
VCTR
Victory Capital Holdings, Inc.
$6.9B $107.39-1.0%
PJT
PJT Partners Inc.
$5.6B $142.85+4.3%

HLI earnings FAQ

When is HLI's next earnings date?

Houlihan Lokey, Inc. is expected to report on October 29, 2026.

What is HLI's expected move for earnings?

Options currently price a move of about ±4.7%, or $6.26 per share either way from $133.24.

How does HLI stock usually react to earnings?

Across the last 6 reports the average next-day move was ±5.9%, up 2 times and down 4 times.

What EPS are analysts expecting from Houlihan Lokey, Inc.?

The consensus estimate is $1.60 per share, versus $1.84 a year ago.

What is HLI's implied volatility?

HLI's at-the-money implied volatility is about 40% based on the latest options snapshot.

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