Houlihan Lokey Reports Q2 Revenue of $659 Million, Net Income Up Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Yahoo Finance
- Revenue Growth: Houlihan Lokey reported Q2 2026 revenue of $659 million, a 14.5% increase from $575 million in Q2 2024, demonstrating strong performance that enhances its competitive position in the investment banking sector.
- Net Income Increase: The net income rose 19.1% year-over-year to $112 million, with diluted earnings per share at $1.63 compared to $94 million and $1.37 a year earlier, reflecting significant improvement in profitability.
- Diversified Business Growth: All business segments showed growth, with Corporate Finance revenue up 21%, Financial Restructuring revenue rising 2%, and Financial and Valuation Advisory revenue climbing 10%, indicating Houlihan Lokey's resilience and adaptability across varying market conditions.
- Strong Balance Sheet: As of September 30, 2025, the firm held $1.11 billion in unrestricted cash and investment securities, ensuring flexibility and risk mitigation across economic cycles, further solidifying its market position.
HLI
$178.45+Infinity%1D
Analyst Views on HLI
Wall Street analysts forecast HLI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HLI is 222.75 USD with a low forecast of 210.00 USD and a high forecast of 235.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 177.990
Low
210.00
Averages
222.75
High
235.00
Current: 177.990
Low
210.00
Averages
222.75
High
235.00
About HLI
Houlihan Lokey, Inc. is a global investment bank specializing in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Its segments include Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). CF segment provides general financial advisory services and advice on mergers and acquisitions and capital solutions offerings. FR segment offers a range of advisory services to its clients, including: the structuring, negotiation, and confirmation of plans of reorganization; liability management transactions; corporate viability assessment, and procuring debtor-in-possession financing. FVA segment provides financial advisory and valuation services with respect to companies, debt and equity interests (including complex illiquid investments), and other types of assets and liabilities, and others. It also provides investment banking advice to clients in the insurance and wealth management sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
