Houlihan Lokey (HLI) Q2 2027 Earnings Call Transcript
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.
How this was made

The 30-second read
Why it matters
The earnings beat may prompt short‑term buying pressure and support the stock's valuation.
Market read
First disclosure of FY2027 Q2 results provides fresh data for traders evaluating mid‑cap financial advisors.
What to watch
Geopolitical instability and software sector dislocation remain risks.
Background
Houlihan Lokey presented its Q2 FY2027 earnings call, highlighting revenue growth, transaction fee expansion, and a share repurchase.
Ticker impact
Q2 FY2027 earnings released with $692M revenue and $1.85 EPS, first public disclosure of these results.
potential modest upside as market prices in stronger second-half outlook
Revenue up 5% YoY and solid transaction fees indicate improving business despite macro headwinds.
Market effects
Signals resilience in investment‑banking advisory sector amid higher rates.
Positive for U.S. mid‑cap financial services stocks.
Limited; mainly affects U.S. advisory firms.
Counterpoint
Higher interest rates could eventually dampen deal flow, weighing on future earnings.
Key entities
- companyHoulihan Lokey
U.S. investment banking advisory firm (ticker HLI).
- companyIntrepid Financial Partners
Acquired firm whose partners joined Houlihan Lokey.



