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SEGMENT AND GEOGRAPHICAL INFORMATION
 12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION Segment and Geographical Information
The Company’s reportable segments, described in Note 1, were identified based on several primary factors, including: each segment operates under independent management, offers distinct services, and requires specialized expertise for service delivery. Revenues by segment represent fees earned on the various services offered within each segment. Our operating expenses are classified as employee compensation and benefits expense and non-compensation expense; revenue and headcount are the primary drivers of our operating expenses. Our employee compensation and benefits expense consists of base salary, payroll taxes, benefits, annual incentive compensation payable as cash bonus awards, deferred cash bonus awards, and the amortization of equity-based bonus awards. The balance of our operating expenses (non-compensation expense) includes costs for travel, meals and entertainment, rent, depreciation and amortization, information technology and communications, professional fees, and other operating expenses.
Segment profit consists of segment revenues, less (1) direct expenses including employee compensation and benefits, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes 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.
The following tables present information about revenues, profit and assets by segment and geography. The Company's Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The CODM oversees the performance of the Company's three reportable segments by analyzing their financial metrics, including revenues by segment and segment profit. The financial metrics the CODM regularly receives does not include asset information and the CODM does not use segment asset information to assess performance or allocate resources.
Year Ended March 31,
202620252024
Revenues by segment
Corporate Finance$1,744,634 $1,526,756 $1,106,826 
Financial Restructuring528,655 544,478 521,984 
Financial and Valuation Advisory344,227 318,182 285,594 
Revenues2,617,516 2,389,416 1,914,404 
Employee compensation and benefits by segment (1)
Corporate Finance965,291 871,313 638,072 
Financial Restructuring299,614 289,979 282,431 
Financial and Valuation Advisory188,526 175,412 155,502 
Non-compensation expense by segment
Corporate Finance198,103 181,020 166,221 
Financial Restructuring49,948 45,193 45,437 
Financial and Valuation Advisory62,119 54,187 55,670 
Segment profit
Corporate Finance581,240 474,423 302,533 
Financial Restructuring179,093 209,306 194,116 
Financial and Valuation Advisory93,582 88,583 74,422 
Total segment profit853,915 772,312 571,071 
Corporate expenses326,896 269,745 197,837 
Other (income) expense, net(35,246)(28,768)(17,305)
Income before provision for income taxes$562,265 $531,335 $390,539 
(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.
March 31, 2026March 31, 2025
Assets by segment
Corporate Finance$1,476,768 $1,312,291 
Financial Restructuring179,073 179,498 
Financial and Valuation Advisory223,008 207,162 
Total segment assets1,878,849 1,698,951 
Corporate assets2,430,106 2,120,757 
Total assets$4,308,955 $3,819,708 
Year Ended March 31,
202620252024
Revenues by geography:
United States$1,775,335 $1,702,163 $1,344,305 
International842,181 687,253 570,099 
Revenues$2,617,516 $2,389,416 $1,914,404 
March 31, 2026March 31, 2025
Assets by geography
United States$2,634,651 $2,439,032 
International1,674,304 1,380,676 
Total assets$4,308,955 $3,819,708