---
schema_version: "secwatch.filing_event.v1"
accession: "0001302215-23-000013"
form_type: "8-K"
ticker: "HLI"
cik: "0001302215"
company_name: "HOULIHAN LOKEY, INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:59:43.443123+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Houlihan Lokey FY2023 revenue down 20% to $1.81B; EPS $3.98; raises dividend to $0.55

## Summary
- FY2023 revenues $1.81B (-20% YoY); diluted EPS $3.98 vs $6.41; adjusted EPS $4.54 vs $7.10.
- Q4 revenues $445M (-6% YoY); diluted EPS $1.10 vs $0.97; adjusted EPS $1.11 vs $1.30.
- Corporate Finance segment revenue down 29% for FY; Financial Restructuring up 1%; FVA up 1%.
- Board increased quarterly dividend to $0.55 per share from prior $0.42.
- CEO sees strong new business in Corporate Finance and restructuring poised for growth in FY2024.

## SEC filing metadata
- accession: 0001302215-23-000013
- form_type: 8-K
- ticker: HLI
- cik: 0001302215
- company_name: HOULIHAN LOKEY, INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000013/0001302215-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000013/hli-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001302215-23-000013
- JSON: https://secwatch.observer/filing/0001302215-23-000013.json
- Plain text: https://secwatch.observer/filing/0001302215-23-000013.txt

## Key facts
- Earnings Releases
  HOULIHAN LOKEY, INC. reported the fourth quarter ended March 31, 2023 results: revenue $445 million, net income $75 million, EPS $1.10 per diluted share.
  - Period: the fourth quarter ended March 31, 2023
  - Revenue: $445 million
  - Net income: $75 million
  - EPS: $1.10 per diluted share
  - Result: reported results
  source text: For the fourth quarter ended March 31, 2023, revenues declined (6)% to $445 million, compared with $471 million for the fourth quarter ended March 31, 2022. Net income was $269 million, or $3.98 per diluted share, for the fiscal year ended March 31, 2023, compared with $438 million, or $6.41 per diluted share, for the fiscal year ended March 31, 2022. Adjusted net income for the fiscal year ended March 31, 2023 was $315 million, or $4.54 per diluted share, compared with $485 million, or $7.10 per diluted share, for the fiscal year ended March 31, 2022. Net income was $75 million, or $1.10 per diluted share, for the fourth quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000013/0001302215-23-000013-index.htm
- Earnings Releases
  HOULIHAN LOKEY, INC. reported the fiscal year ended March 31, 2023 results: revenue $1.81 billion, net income $269 million, EPS $3.98 per diluted share.
  - Period: the fiscal year ended March 31, 2023
  - Revenue: $1.81 billion
  - Net income: $269 million
  - EPS: $3.98 per diluted share
  - Result: reported results
  source text: For the fiscal year, revenues declined (20)% to $1.81 billion, compared with $2.27 billion for the fiscal year ended March 31, 2022. For the fourth quarter ended March 31, 2023, revenues declined (6)% to $445 million, compared with $471 million for the fourth quarter ended March 31, 2022. Net income was $269 million, or $3.98 per diluted share, for the fiscal year ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000013/0001302215-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.