Houlihan Lokey Reports Mixed Q4 Results with Revenue Miss, but Record Full-Year Performance and Dividend Hike
HLI is trading near its 52-week low of $134.41 (8.9% above the low) on elevated volume (2.3× avg).
Summary
Houlihan Lokey reported Q4 fiscal 2026 revenues of $636 million, missing analyst estimates, and a decline in Q4 EPS, but achieved record full-year revenues and adjusted EPS, while also increasing its quarterly dividend by 16.7% and repurchasing shares.
Key Events · Earnings and Guidance · HLI
-
Q4 Fiscal 2026 Revenue Miss
Reported fourth-quarter fiscal 2026 revenues of $636 million, missing analyst estimates of $705.56 million.
-
Q4 Fiscal 2026 EPS Decline
Diluted EPS for the fourth quarter was $1.47 (GAAP) and Adjusted Diluted EPS was $1.63, both down from the prior year's quarter.
-
Record Full-Year Fiscal 2026 Performance
Achieved record fiscal year 2026 revenues of $2.62 billion and Adjusted Diluted EPS of $7.56, up from $2.39 billion and $6.29 respectively in fiscal year 2025.
-
Quarterly Dividend Increase
Announced a 16.7% increase in the quarterly cash dividend to $0.70 per share, payable on June 15, 2026.
Analysis · HLI · Finance
Houlihan Lokey reported a significant miss on fourth-quarter fiscal 2026 revenue compared to analyst estimates, alongside a year-over-year decline in Q4 diluted EPS. This indicates a challenging recent quarter for the investment bank. However, the company achieved record full-year fiscal 2026 revenues and adjusted diluted EPS, demonstrating resilience over the longer term. The 16.7% increase in the quarterly dividend and continued share repurchases signal management's confidence in future cash flows and commitment to shareholder returns, despite the immediate quarterly headwinds. Investors will likely weigh the Q4 miss against the strong full-year performance and positive capital allocation actions.
At the time of this filing, HLI was trading at $146.35 on NYSE in the Finance sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $134.41 to $211.78. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.