Houlihan Lokey Third Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags

Houlihan Lokey (NYSE:HLI) Third Quarter 2025 Results

Key Financial Results

• Revenue: US$634.4m (up 24% from 3Q 2024).
• Net income: US$95.3m (up 35% from 3Q 2024).
• Profit margin: 15% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue.
• EPS: US$1.45 (up from US$1.10 in 3Q 2024).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Houlihan Lokey Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 3.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Houlihan Lokey's balance sheet health.

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