Filing Flows › Houlihan Lokey (HLI) › Gross margin
Houlihan Lokey (HLI) gross margin by quarter
Houlihan Lokey's gross margin was 34.5% in Q2 FY27 (second quarter fiscal 2027), +4.4 pts from Q1 FY27. Over the last 6 quarters it ranged from 30.1% (Q1 FY27) to 34.5% (Q2 FY27).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 34.5% | +4.4 pts | +0.9 pts |
| Q1 FY27 | 30.1% | -2.0 pts | -0.9 pts |
| Q3 FY26 | 32.2% | -1.5 pts | — |
| Q2 FY26 | 33.6% | +2.6 pts | — |
| Q1 FY26 | 31.1% | -2.8 pts | — |
| Q4 FY25 | 33.9% | — | — |
Q2 FY27 at a glance
Houlihan Lokey, Q2 FY27: revenue $692M (+5% year over year), operating margin 22.3%, net earnings $109M, operating cash flow $252M. The chart follows the revenue to costs, profit and cash.
Questions
What is Houlihan Lokey's gross margin?
Houlihan Lokey's gross margin was 34.5% in Q2 FY27 (second quarter fiscal 2027), +4.4 pts from Q1 FY27.
How has Houlihan Lokey's gross margin changed?
Over the last 6 quarters it ranged from 30.1% (Q1 FY27) to 34.5% (Q2 FY27).