Houlihan Lokey (HLI) Investor presentation summary

Business profile

• Three core businesses: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory; 34 worldwide locations, 2,937 employees, and 370 Managing Directors.

• LTM revenue to Sep. 30, 2026 totaled $2.556B: Corporate Finance $1.692B (66%), Financial Restructuring $503M (20%), and Financial and Valuation Advisory $361M (14%).

• Revenue mix spanned 70% Americas, 24% EMEA, and 6% Asia; clients included financial sponsors (52%) and private non-sponsors (34%).

Financial performance

• FY2026 revenue was $2.618B, with an 11% five-year CAGR; adjusted pre-tax income was $619M, with a 9% five-year CAGR.

• FY2026 adjusted pre-tax margin was 23.0%, compared with 29.9% in FY2021 and 23.7% in FY2025.

• Six months ended Sep. 30, 2026: revenue $1.203B vs. $1.265B in the prior-year period; adjusted net income $215M vs. $275M; adjusted pre-tax margin 23.7% vs. 25.9%.

• FY2026 segment revenue mix was 66% Corporate Finance, 20% Financial Restructuring, and 14% Financial and Valuation Advisory.

Market position and capabilities

• Ranked No. 1 globally by 2025 M&A deal count, 2025 restructuring deal count and value, and 25-year M&A fairness-opinion activity.

• Capital Solutions had 200 professionals across 18 offices in eight countries and raised $36B in the LTM ended March 2026.

• Financial Restructuring had 59 Managing Directors and 219 finance professionals as of Mar. 31, 2026; it had advised in 12 of the 15 largest U.S. bankruptcies since 2000.

• Financial and Valuation Advisory reported 2,567 LTM fee events and 2,500+ annual valuation engagements.