Houlihan Lokey, Inc. reported financial results for the second quarter ended September 30, 2026. For the three-month period, total revenues were $692 million, an increase from $660 million in the prior year period. Net income attributable to Houlihan Lokey was $109 million, or $1.64 per diluted share, compared to $111 million, or $1.63 per diluted share, in the prior year.
Adjusted net income attributable to Houlihan Lokey was $124 million, or $1.85 per diluted share, for the second quarter of fiscal 2027, compared to $127 million, or $1.84 per diluted share, in the prior year. The company reported a GAAP effective tax rate of 30.6% for the quarter, compared to 30.2% in the prior year.
Revenues by segment for the second quarter ended September 30, 2026, were as follows: Corporate Finance revenues were $481 million, representing a 10% increase from the prior year; Financial Restructuring revenues were $118 million, a decrease of 12% from the prior year; and Financial and Valuation Advisory revenues were $93 million, an increase of 7% from the prior year.
The company announced that its Board of Directors has declared a regular quarterly cash dividend of $0.70 per share of Class A and Class B common stock. The dividend is payable on December 15, 2026, to stockholders of record as of the close of business on December 1, 2026. Additionally, during the second quarter, Houlihan Lokey repurchased 397,000 shares as part of its share repurchase program.
