Houlihan Lokey (NYSE:HLI) reports bullish Q3 CY2026 but stock drops

Houlihan Lokey (HLI) reported Q2 2027 revenue of $692M, up 4.8% YoY, but net income fell to $109M from $111M. Basic EPS was $1.64 vs. $1.67. Operating expenses rose, with compensation costs increasing. Six-month revenue declined to $1.203B from $1.265B. Cash balances decreased to $837M. The company paid $50M in dividends and repurchased shares.

Houlihan Lokey reported 2Q FY2027 revenue of $692M, up 4.8% YoY. Net income fell 1.8% to $109M, while EPS rose to $1.64. Corporate Finance revenue grew 10%, but Financial Restructuring declined 12%. Management attributed the decline to timing, not a trend.

Houlihan Lokey (HLI) reported Q2 2027 revenues of $692M, up 5% YoY, with adjusted EPS flat at $1.85. Corporate Finance revenue grew 10% YoY to $481M, while Financial Restructuring declined 12% to $118M. The company expects growth in the second half of 2027 and into 2028, driven by a strong backlog and new deals, despite macroeconomic volatility.

Houlihan Lokey reported Q2 earnings, noting higher interest rates have not significantly impacted its middle-market business. Financial Restructuring revenue fell 12% YoY to $118M, but management expects stronger performance in the second half of 2027. Software-related distress is a key driver. Financial and Valuation Advisory revenue rose 7% to $93M. The company has $888M in cash and repurchased $50M in shares.

Houlihan Lokey reported Q2 Non-GAAP EPS of $1.85, beating estimates by $0.20, with revenue of $692M, up 4.9% Y/Y and exceeding expectations by $60.39M. Shares fell 5.6% after hours.

Houlihan Lokey reported fiscal Q2 profit of $109M, or $1.64 per share, beating expectations of $1.58. Adjusted EPS was $1.85. Revenue was $692M, exceeding forecasts of $609.9M. The results surpassed Wall Street estimates.