EarningsQ1 2027 Earnings Report
MX:HLI Q1 2027 EPS Results
Actual EPS$24.64
Consensus EPS$30.01
Beat/MissMissed by -$5.37
One Year Ago EPS$39.06
MX:HLI Q1 2027 Revenue Results
Actual Revenue$9.33B
Expected Revenue$11.00B
Beat/MissMissed by -$1.67B
YoY Revenue Growth-15.70%
Earnings Announcement Details
QuarterQ1 2027
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:HLI Upcoming Earnings
Houlihan Lokey's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:HLI Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced meaningful near-term challenges — notably a 24% decline in Corporate Finance revenue and a ~54% drop in technology-related revenue — with offsetting strengths such as overall profitability (adjusted EPS $1.35), FVA growth (+13% revenue, +9% fee events), a healthy restructuring outlook, record backlog/pipeline metrics, stable compensation discipline (61.5% ratio), active M&A/talent strategy, and continued investment in AI and data capabilities. Management framed the results as a temporary disruption tied to identifiable macro factors and emphasized that most delayed transactions remain in the pipeline, supporting medium-term confidence.Company Guidance
Quarterly Revenue and EPS
Total revenues of $511 million and adjusted EPS of $1.35 for Q1 fiscal 2027, demonstrating continued profitability despite near-term headwinds.
Financial & Valuation Advisory (FVA) Growth
FVA revenues of $89 million, up 13% year-over-year, with 1,042 fee events versus 957 a year ago (a 9% increase), reflecting strength in large-cap activity and balanced growth across service lines.
Financial Restructuring Performance
Financial Restructuring revenues of $119 million were generally in line with expectations; while closed transactions decreased, average transaction fees on closed deals increased and the business is expected to have a solid, elevated year.
Record Backlog and Pipeline
Management reports backlog, pipeline and new mandate activity (particularly in Corporate Finance) at record levels, with the vast majority of delayed transactions still moving through the pipeline — providing confidence in medium-term recovery.
Cost Discipline — Compensation Ratio Maintained
Adjusted compensation expense ratio remained steady at 61.5% (unchanged year-over-year), and management reaffirmed a long-term target of 61.5% for fiscal 2027.
Strategic M&A and Talent Investments
Announced acquisition of Intrepid Financial Partners (expected to close by end of Q2), adding 32 colleagues; hired 3 new managing directors in the quarter and noted an active acquisition pipeline to diversify industry/geography/product exposure.
Capital Allocation Activity
Issued approximately 1.3 million shares to employees for year-end compensation and repurchased ~1.1 million shares (800k via withhold; 300k via repurchase program), indicating continued shareholder-return activity.
Technology/AI Investment Positioning
Management expressed strong belief in AI and technology as a long-term differentiator — expecting AI/data investments to expand TAM and create differentiation versus smaller competitors.
MX:HLI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed