Corporate Finance (1) was the largest of Houlihan Lokey, Inc.’s 3 reported lines in fiscal 2025, at $1.53B — 64% of $2.39B.
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Finance (1) | — | $1.13B | $1.11B | $1.53B | ||||||||
| Corporate Finance | $1.59B | — | — | — | ||||||||
| Financial Restructuring | $392.82M | $395.73M | $521.98M | $544.48M | ||||||||
| Financial & Valuation Advisory (2) | — | $286.59M | $285.59M | $318.18M | ||||||||
| Financial & Valuation Advisory | $284.06M | — | — | — | ||||||||
| Financial Advisory Services | — | — | — | — | ||||||||
| Total | $2.27B | $1.81B | $1.91B | $2.39B |
In fiscal 2025, which ended March 31, 2025, the 3 segments Houlihan Lokey, Inc. reported in this breakdown added up to $2.39B. That was up 24.8% from $1.91B in fiscal 2024. Corporate Finance (1) was the largest segment, at $1.53B or 63.9% of the total, followed by Financial Restructuring ($544.48M, 22.8%) and Financial & Valuation Advisory (2) ($318.18M, 13.3%). Together, the two largest segments made up 86.7% of this total.
Compared with fiscal 2024, Corporate Finance (1) grew the fastest, rising 37.9% to $1.53B. Every sizeable segment reported in both years grew.
Corporate Finance (1) (fiscal 2023) and Financial & Valuation Advisory (2) (fiscal 2023) were first reported as separate segments during this period. The table also keeps 3 segments that Houlihan Lokey, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2014 to 2025, as reported in Houlihan Lokey, Inc.'s annual filings.
United States was the largest of Houlihan Lokey, Inc.’s 2 reported lines in fiscal 2025, at $1.70B — 71% of $2.39B.
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $1.69B | $1.29B | $1.34B | $1.70B | |||||||
| International | $579.25M | $520.08M | $570.10M | $687.25M | |||||||
| Total | $2.27B | $1.81B | $1.91B | $2.39B |
In fiscal 2025, which ended March 31, 2025, the 2 regions Houlihan Lokey, Inc. reported in this breakdown added up to $2.39B. That was up 24.8% from $1.91B in fiscal 2024. United States was the largest region, at $1.70B or 71.2% of the total, followed by International ($687.25M, 28.8%).
Compared with fiscal 2024, United States grew the fastest, rising 26.6% to $1.70B. Over fiscal 2022 to 2025, revenue across these regions went from $2.27B to $2.39B, a compound annual growth rate of 1.7%. United States' share of the total fell from 74.5% to 71.2% over the same years.
This breakdown covers every fiscal year from 2015 to 2025, as reported in Houlihan Lokey, Inc.'s annual filings.
Excluding Adoption Of Asc 606 was the largest of Houlihan Lokey, Inc.’s 2 reported lines in fiscal 2019, at $1.05B — 97% of $1.08B.
| Initial Application Period Cumulative Effect Transition | FY 2019 |
|---|---|
| Excluding Adoption Of Asc 606 | $1.05B |
| Adjustments | $33.98M |
| Total | $1.08B |
In fiscal 2019, which ended March 31, 2019, the 2 revenue lines Houlihan Lokey, Inc. reported in this breakdown added up to $1.08B. Excluding Adoption Of Asc 606 was the largest revenue line, at $1.05B or 96.9% of the total, followed by Adjustments ($33.98M, 3.1%).
This breakdown covers every fiscal year from 2019 to 2019, as reported in Houlihan Lokey, Inc.'s annual filings.
Houlihan Lokey, Inc. (HLI) breaks its revenue down by segment, region and revenue line. In fiscal 2025, its largest segment was Corporate Finance (1), with $1.53B or 63.9% of the total, followed by Financial Restructuring at $544.48M (22.8%).
Corporate Finance (1) was Houlihan Lokey, Inc.'s largest segment in fiscal 2025, with $1.53B in revenue, 63.9% of the $2.39B reported across its 3 segments.
United States was Houlihan Lokey, Inc.'s largest region in fiscal 2025, with $1.70B in revenue, 71.2% of the $2.39B reported across its 2 regions.
Excluding Adoption Of Asc 606 was Houlihan Lokey, Inc.'s largest revenue line in fiscal 2019, with $1.05B in revenue, 96.9% of the $1.08B reported across its 2 revenue lines.
Of the Houlihan Lokey, Inc. segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Corporate Finance (1) grew the fastest, rising 37.9% from $1.11B to $1.53B.
Every figure is taken from Houlihan Lokey, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2014 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.