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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |