Houlihan Lokey (HLI) Revenue & Revenue Breakdown


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Houlihan Lokey Revenue Highlights


Latest Revenue (Y)

$1.91B

Latest Revenue (Q)

$574.96M

Main Segment (Y)

Corporate Finance

Main Geography (Y)

UNITED STATES

Houlihan Lokey Revenue by Period


Houlihan Lokey Revenue by Year

DateRevenueChange
2024-03-31$1.91B5.80%
2023-03-31$1.81B-20.29%
2022-03-31$2.27B48.81%
2021-03-31$1.53B31.58%
2020-03-31$1.16B6.91%
2019-03-31$1.08B12.56%
2018-03-31$963.36M10.47%
2017-03-31$872.09M25.70%
2016-03-31$693.76M1.89%
2015-03-31$680.87M14.92%
2014-03-31$592.45M-

Houlihan Lokey generated $1.91B in revenue during NA 2024, up 5.80% compared to the previous quarter, and up 176.54% compared to the same period a year ago.

Houlihan Lokey Revenue by Quarter

DateRevenueChange
2024-09-30$574.96M11.85%
2024-06-30$514.03M-1.23%
2024-03-31$520.46M1.82%
2023-12-31$511.13M9.45%
2023-09-30$466.99M12.30%
2023-06-30$415.83M-6.51%
2023-03-31$444.77M-2.57%
2022-12-31$456.50M-6.75%
2022-09-30$489.54M16.93%
2022-06-30$418.64M-11.15%
2022-03-31$471.17M-46.99%
2021-12-31$888.80M65.43%
2021-09-30$537.27M44.15%
2021-06-30$372.72M-25.56%
2021-03-31$500.70M-6.91%
2020-12-31$537.88M95.07%
2020-09-30$275.74M30.60%
2020-06-30$211.14M-30.25%
2020-03-31$302.69M-9.24%
2019-12-31$333.51M22.25%
2019-09-30$272.81M8.97%
2019-06-30$250.35M-14.08%
2019-03-31$291.38M-2.23%
2018-12-31$298.01M8.37%
2018-09-30$274.99M25.00%
2018-06-30$220.00M-10.11%
2018-03-31$244.75M-5.48%
2017-12-31$258.94M6.92%
2017-09-30$242.18M11.35%
2017-06-30$217.49M-15.41%
2017-03-31$257.10M3.80%
2016-12-31$247.68M32.78%
2016-09-30$186.54M3.19%
2016-06-30$180.77M-1.54%
2016-03-31$183.60M-10.67%
2015-12-31$205.52M29.77%
2015-09-30$158.38M8.28%
2015-06-30$146.27M-21.56%
2015-03-31$186.47M-5.16%
2014-12-31$196.61M25.79%
2014-09-30$156.29M10.45%
2014-06-30$141.50M-

Houlihan Lokey generated $574.96M in revenue during Q2 2025, up 11.85% compared to the previous quarter, and up 138.27% compared to the same period a year ago.

Houlihan Lokey Revenue Breakdown


Houlihan Lokey Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceMar 24Mar 23Mar 22Mar 21Mar 20
Financial Restructuring$521.98M$395.73M$392.82M$534.75M$352.52M
Corporate Finance$1.11B$1.13B$1.59B$802.85M$646.79M
Financial Advisory Services$285.59M$286.59M$284.06M$187.85M$160.06M

Houlihan Lokey's latest annual revenue breakdown by segment (product or service), as of Mar 24: Corporate Finance (57.82%), Financial Restructuring (27.27%), and Financial Advisory Services (14.92%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Dec 22Sep 22Jun 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Financial Advisory Services$79.36M$77.50M$72.05M$70.64M$65.41M$65.95M$76.83M$75.86M$83.86M$65.68M$63.96M$57.30M$53.71M$42.30M$34.55M$43.53M$39.57M$39.55M$37.41M$47.34M
Financial Restructuring$131.57M$155.38M$128.56M$114.67M$123.37M$98.82M$97.69M$78.84M$89.27M$83.18M$98.78M$142.74M$178.00M$125.39M$88.62M$103.08M$92.81M$77.28M$79.35M$99.60M
Corporate Finance$364.03M$287.58M$310.51M$281.68M$227.05M$291.73M$315.02M$263.95M$715.66M$388.41M$209.99M$300.66M$306.17M$108.05M$87.97M$156.08M$201.14M$155.98M$133.59M$144.44M

Houlihan Lokey's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Corporate Finance (63.31%), Financial Restructuring (22.88%), and Financial Advisory Services (13.80%).

Houlihan Lokey Revenue Breakdown by Country

Annual Revenue by Country

CountryMar 24Mar 23Mar 22Mar 21Mar 20
UNITED STATES$1.34B$1.29B$1.69B$1.19B$975.08M
Non-US$570.10M$520.08M$579.25M$332.73M$184.29M
Financial Restructuring--$392.82M--
Corporate Finance--$1.59B--
Financial Advisory Services--$284.06M--

Houlihan Lokey's latest annual revenue breakdown by geography, as of Mar 24: UNITED STATES (70.22%), and Non-US (29.78%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Dec 22Sep 22Jun 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Non-US$139.63M$189.41M$154.56M$138.03M$88.09M$133.96M$111.93M$115.19M$242.50M$104.55M$60.99M$123.89M$122.98M$51.67M$34.19M$68.14M$39.43M$34.88M$41.84M$55.65M
UNITED STATES$435.32M$331.04M$356.57M$328.96M$327.74M$322.54M$377.61M$303.45M$646.30M$432.73M$311.73M$376.82M$414.89M$224.07M$176.94M$234.56M$294.08M$237.93M$208.50M$235.73M

Houlihan Lokey's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (75.71%), and Non-US (24.29%).

Houlihan Lokey Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SFStifel Financial$5.16B$1.48B
LAZLazard$2.59B$807.41M
EVREvercore$2.44B$738.42M
HLIHoulihan Lokey$1.91B$574.96M
PIPRPiper Sandler Companies$1.36B$360.93M
OPYOppenheimer$1.25B$373.35M
PJTPJT Partners$1.15B$326.32M
MCMoelis & Company$854.75M$273.75M
PWPPerella Weinberg Partners$648.65M$272.00M

HLI Revenue FAQ


What is Houlihan Lokey’s yearly revenue?

Houlihan Lokey's yearly revenue for 2024 was $1.91B, representing an increase of 5.80% compared to 2023. The company's yearly revenue for 2023 was $1.81B, representing a decrease of -20.29% compared to 2022. HLI's yearly revenue for 2022 was $2.27B, representing an increase of 48.81% compared to 2021.

What is Houlihan Lokey’s quarterly revenue?

Houlihan Lokey's quarterly revenue for Q2 2025 was $574.96M, a 11.85% increase from the previous quarter (Q1 2025), and a 23.12% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $514.03M, a -1.23% decrease from the previous quarter (Q4 2024), and a 23.62% increase year-over-year (Q1 2024). HLI's quarterly revenue for Q4 2024 was $520.46M, a 1.82% increase from the previous quarter (Q3 2024), and a 17.02% increase year-over-year (Q4 2023).

What is Houlihan Lokey’s revenue growth rate?

Houlihan Lokey's revenue growth rate for the last 3 years (2022-2024) was -15.66%, and for the last 5 years (2020-2024) was 65.12%.

What are Houlihan Lokey’s revenue streams?

Houlihan Lokey's revenue streams in r 24 are Financial Restructuring, Corporate Finance, and Financial Advisory Services. Financial Restructuring generated $521.98M in revenue, accounting 27.27% of the company's total revenue, up 31.90% year-over-year. Corporate Finance generated $1.11B in revenue, accounting 57.82% of the company's total revenue, down -1.80% year-over-year. Financial Advisory Services generated $285.59M in revenue, accounting 14.92% of the company's total revenue, down -0.35% year-over-year.

What is Houlihan Lokey’s main source of revenue?

For the fiscal year ending Mar 24, the largest source of revenue of Houlihan Lokey was Corporate Finance. This segment made a revenue of $1.11B, representing 57.82% of the company's total revenue.