Key Points – Houlihan Lokey posted record fiscal 2026 results, with revenue rising 10% to $2.6 billion and adjusted EPS up 20% to $7.56.
Fourth-quarter revenue came in at $636 million, with adjusted EPS of $1.63. – Management said geopolitical uncertainty and software-sector pressure delayed some transactions in the fourth quarter, especially in Corporate Finance
The company expects those headwinds could continue into fiscal 2027 and may moderate near-term growth. – Despite short-term disruption, the outlook remains strong thanks to record backlog and pipeline levels, plus an improved restructuring environment. Houlihan Lokey also raised its quarterly dividend 17% to $0.70 per share and said acquisitions remain its top capital allocation priority. Houlihan Lokey (NYSE:HLI) reported record fiscal 2026 revenue and higher adjusted earnings, while management said uncertainty tied to geopolitical events and sector-specific pressures affected the timing of some transactions in the fourth quarter.
Chief Executive Officer Scott Adelson said the investment bank ended fiscal 2026 with $2.6 billion in revenue, up 10% from the prior year, and adjusted earnings per share of $7.56, up 20%. Fourth-quarter revenue was $636 million, with adjusted earnings per share of $1.63. Adelson said Corporate Finance and Financial and Valuation Advisory each produced record annual revenue, and Financial Restructuring had “one of the strongest years on record.” He added that Corporate Finance and Financial and Valuation Advisory each posted their highest fourth-quarter revenue ever.