Houlihan Lokey Reports Strong Fiscal Year 2026 Results with Revenue Growth and Substantial Share Repurchases

summarizeSummary

Houlihan Lokey reported strong full fiscal year 2026 results with double-digit revenue growth and a 7% increase in diluted EPS, alongside significant share repurchases and no material negative surprises.

check_boxKey Events

• Strong Fiscal Year 2026 Financials

  Revenues increased 10% to $2.62 billion, and net income attributable to Houlihan Lokey, Inc. grew 7% to $425.7 million for the fiscal year ended March 31, 2026. Diluted EPS rose 7% to $6.22.

• Substantial Share Repurchase Program

  The company repurchased $175.4 million of its common stock during fiscal year 2026, with approximately $230.1 million remaining available under the $500 million program authorized in April 2022.

• Acquisition Activity Noted

  The company closed the Audere Partners transaction in February 2026, resulting in a controlling interest, and acquired Waller Helms Advisors LLC in December 2024, contributing to a $111.3 million increase in goodwill.

• Effective Internal Controls and No Material Issues

  Management and the independent auditor (KPMG LLP) concluded that internal control over financial reporting was effective as of March 31, 2026. No material legal proceedings or cybersecurity incidents were identified.

auto_awesomeAnalysis

Houlihan Lokey's annual 10-K filing confirms strong full fiscal year 2026 financial performance, with revenues increasing 10% to $2.62 billion and net income attributable to the company rising 7% to $425.7 million. Diluted EPS grew 7% to $6.22. The company also executed substantial share repurchases totaling $175.4 million during the year, with $230.1 million remaining under the current authorization. These positive results are somewhat tempered by the previously reported Q4 revenue miss, but the overall annual performance and capital return strategy are notable. The report also details the acquisition of Audere Partners in February 2026 and confirms effective internal controls, with no material legal or cybersecurity issues.