Houlihan Lokey Q2 Revenue Rises to $692M, EPS Slips to $1.64
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.
How this was made

The 30-second read
Why it matters
Margin compression may prompt analysts to lower forecasts, while the dividend and buyback provide some support.
Market read
Earnings release provides fresh data that could move HLI stock in the near term.
What to watch
Strong cash flow from the dividend and buyback program may support the share price despite earnings miss.
Background
Houlihan Lokey is a mid‑cap investment bank that regularly reports quarterly results. This release shows modest top‑line growth but rising costs.
Ticker impact
Houlihan Lokey reported Q2 2027 revenue up 4.8% but EPS slipped, indicating margin pressure.
likely modest downside as investors price in margin pressure
Revenue growth was modest and operating expenses rose faster, leading to lower EPS and a cash balance decline.
Market effects
Investment banking earnings may signal broader pressure on fee‑related margins in the sector.
US financial services stocks could see slight pullback in early trading.
Limited to investors tracking US mid‑cap financial firms.
Counterpoint
The revenue beat could be a catalyst for short‑term buying if the market overreacts to the EPS dip.
Key entities
- companyHoulihan Lokey, Inc.
US‑listed investment bank (NYSE:HLI) reporting Q2 2027 results.



