v3.25.4

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

9 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Revenue, Profit and Assets by Segment

			Three Months Ended December 31,												Nine Months Ended December 31,
			2025						2024						2025						2024
Revenues by segment
Corporate Finance			$	473,688					$	421,602					$	1,310,868					$	1,114,047
Financial Restructuring			156,253						130,942						418,272						379,932
Financial and Valuation Advisory			87,131						81,884						252,733						229,015
Revenues			717,072						634,428						1,981,873						1,722,994
Employee compensation and benefits by segment (1)
Corporate Finance			271,882						239,699						737,888						635,473
Financial Restructuring			84,291						74,320						228,923						200,764
Financial and Valuation Advisory			48,525						42,561						141,218						127,927
Non-compensation expense by segment
Corporate Finance			51,078						50,351						148,141						136,945
Financial Restructuring			14,398						12,410						38,041						34,888
Financial and Valuation Advisory			16,186						15,986						46,357						40,721
Segment profit
Corporate Finance			150,728						131,552						424,839						341,629
Financial Restructuring			57,564						44,212						151,308						144,280
Financial and Valuation Advisory			22,420						23,337						65,158						60,367
Total segment profit			230,712						199,101						641,305						546,276
Corporate expenses (2)			69,982						62,999						239,434						184,765
Other (income) expense, net			(8,918)						(9,016)						(25,880)						(19,569)
Income before provision for income taxes			$	169,648					$	145,118					$	427,751					$	381,080

(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.

(2)Corporate expenses include costs not allocated to individual segments, including certain acquisition related charges and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance.

			December 31, 2025						March 31, 2025
Assets by segment
Corporate Finance			$	1,324,381					$	1,312,291
Financial Restructuring			186,832						179,498
Financial and Valuation Advisory			220,915						207,162
Total segment assets			1,732,128						1,698,951
Corporate assets			2,204,627						2,120,757
Total assets			$	3,936,755					$	3,819,708

Revenue by Geographic Areas

			Three Months Ended December 31,												Nine Months Ended December 31,
			2025						2024						2025						2024
Revenues by geography
United States			$	484,636					$	429,620					$	1,342,714					$	1,231,500
International			232,436						204,808						639,159						491,494
Revenues			$	717,072					$	634,428					$	1,981,873					$	1,722,994

Assets by Geographical Areas

			December 31, 2025						March 31, 2025
Assets by geography
United States			$	2,417,309					$	2,439,032
International			1,519,446						1,380,676
Total assets			$	3,936,755					$	3,819,708

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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