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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Revenues $ 634,428 $ 511,130 $ 1,722,994 $ 1,393,948
Operating expenses:        
Employee compensation and benefits 390,173 314,345 1,059,641 857,278
Acquisition related compensation and benefits 12,798 9,694 34,083 26,786
Travel, meals, and entertainment 17,942 17,325 50,024 47,494
Rent 22,259 19,002 56,717 55,418
Depreciation and amortization 9,561 6,657 25,861 20,275
Information technology and communications 16,945 15,443 50,889 43,319
Professional fees 11,744 14,853 29,898 35,269
Other operating expenses 16,904 17,271 53,542 47,945
Total operating expenses 498,326 414,590 1,360,655 1,133,784
Operating income 136,102 96,540 362,339 260,164
Other income, net (9,016) (6,035) (18,741) (12,336)
Income before provision for income taxes 145,118 102,575 381,080 272,500
Provision for income taxes 49,816 31,772 103,289 73,276
Net income 95,302 70,803 277,791 199,224
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (48,148) 25,574 (19,749) 8,665
Comprehensive income attributable to Houlihan Lokey, Inc. $ 47,154 $ 96,377 $ 258,042 $ 207,889
Weighted average shares of common stock outstanding:        
Basic (in shares) 65,831,122 64,411,668 65,563,605 64,258,216
Fully diluted (in shares) 68,760,959 67,886,301 68,558,325 67,896,302
Earnings per share        
Basic (in dollars per share) $ 1.45 $ 1.10 $ 4.24 $ 3.10
Fully diluted (in dollars per share) $ 1.39 $ 1.04 $ 4.05 $ 2.93