Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) Accumulated Expenses (2015 - 2026)

Houlihan Lokey (HLI) posted Accumulated Expenses of $1.1 billion for Q1 2026, up 22.23% on a QoQ basis from $881.1 million in Q4 2025, and up 14.99% year-over-year from $936.6 million in Q1 2025.

Analysis

Houlihan Lokey (HLI) Accumulated Expenses (2015 - 2026) Analysis & Trends

Houlihan Lokey has reported Accumulated Expenses for 12 years, with the latest figure at $1.1 billion in Q1 2026.

  • On a quarterly basis, Accumulated Expenses rose 14.99% year-over-year to $1.1 billion in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 14.99% increase from a year earlier, with the FY2026 full-year figure at $1.1 billion, up 14.99% from the prior year.
  • Accumulated Expenses was $1.1 billion for Q1 2026 at Houlihan Lokey, up from $881.1 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $1.1 billion in Q1 2026, with the low at $473.5 million in Q2 2023.
  • Average Accumulated Expenses over 5 years is $714.9 million, with a median of $685.6 million recorded in 2022.
  • The largest YoY upside for Accumulated Expenses was 47.07% in 2022 against a maximum downside of 35.23% in 2022.
  • Over 5 years, Accumulated Expenses stood at $638.6 million in 2022, then declined by 9.95% to $575.1 million in 2023, then advanced by 25.08% to $719.3 million in 2024, then gained by 22.5% to $881.1 million in 2025, then advanced by 22.23% to $1.1 billion in 2026.
  • The last three Accumulated Expenses figures came in at $1.1 billion (Q1 2026), $881.1 million (Q4 2025), and $822.8 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn
3 Houlihan Lokey 9.07 Bn 7.99 Bn -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn -
5 PJT Partners 5.75 Bn 5.81 Bn 481.98 Mn
6 Moelis 5.25 Bn 5.17 Bn -
7 Piper Sandler Companies 4.88 Bn 4.77 Bn -
8 Lazard 3.95 Bn 2.96 Bn -
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 1.08 Bn
Dec 31, 2025 881.13 Mn
Sep 30, 2025 822.76 Mn
Jun 30, 2025 640.46 Mn
Mar 31, 2025 936.62 Mn
Dec 31, 2024 719.30 Mn
Sep 30, 2024 641.37 Mn
Jun 30, 2024 491.05 Mn
Mar 31, 2024 726.03 Mn
Dec 31, 2023 575.09 Mn
Sep 30, 2023 552.67 Mn
Jun 30, 2023 473.46 Mn
Mar 31, 2023 765.88 Mn
Dec 31, 2022 638.65 Mn
Sep 30, 2022 685.57 Mn
Jun 30, 2022 573.47 Mn
Mar 31, 2022 953.60 Mn
Dec 31, 2021 986.04 Mn
Sep 30, 2021 577.70 Mn
Jun 30, 2021 390.89 Mn